Ocean, a Bitcoin mining pool backed by Jack Dorsey, announced the launch of an international hub in El Salvador through a new entity. Ocean Mining S.A. de C.V., headquartered in San Salvador, will “continue the advancement of…
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Venezuela seizes over 11,000 bitcoin miners to save energy, Paraguay cracks down on illegal bitcoin…
Venezuelan authorities led by the National Power Ministry and Corpoelec, the state-owned power company, have seized over 6,000 bitcoin miners in two new operations. The ministry, which recently declared that it would disconnect all bitcoin…
Now that the halving has occurred and fees are at a six-month low, the profitability of application-specific integrated circuit (ASIC) mining rigs has shifted significantly. It is now essential to ensure electricity is inexpensive and…
According to Peak Mining, a subsidiary of the German bitcoin mining and infrastructure firm Northern Data, the company has announced the purchase of a 300-megawatt ERCOT-approved site in Corpus Christi, Texas. The site is adjacent to…
Paraguayan authorities have intensified their efforts to fight illegal bitcoin mining, using innovative techniques including artificial intelligence (AI) and its distribution systems to detect these activities. In less than a week, two new…
Bitcoin has dominated the news cycle lately, from the recent halving to the 30-plus banks starting their own Bitcoin ETF. Crypto miners have also made the news, buying up local real estate and old industrial buildings across America, from…
Bitcoin’s mining difficulty increased by 1.48% at block height 844,704, reaching 84.38 trillion. This adjustment aligns with Bitcoin’s overall hashrate exceeding the 600 exahash per second (EH/s) mark. Bitcoin Network Difficulty Increases…
In the rapidly evolving landscape of investments, it is crucial for orthopedic surgeons to stay informed about alternative asset classes, such as cryptocurrency. Bitcoin, the pioneering cryptocurrency, has garnered tremendous attention in…
Bitcoin's price swings make headlines, but the real power play in the crypto world is about to shift. If you think the only way to profit from this surging market is by buying Bitcoin itself… Think again. 2024 could be the year that…
Venezuela’s government has announced it will ban bitcoin mining and seized 11,000 application-specific integrated circuits used to mine the cryptocurrency. The statement also said the government had disconnected a number of Bitcoin mines…
The Paraguayan government is urging lawmakers to pass a bill that would impose up to 10 years in jail for illegal bitcoin miners, in response to the large amounts of electricity theft threatening the state-owned National Electricity…
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: El Salvador produced nearly 474 bitcoin using geothermal energy, Bitfarms expanded the capacity of its…
The Venezuelan National Power Ministry announced a special operation to disconnect all bitcoin mining farms from the grid. Authorities have seized over 11,000 bitcoin miners as the government seeks to reduce the power usage from high-power…
Before the bitcoin halving, many experts were forecasting disaster for the cryptocurrency. JPMorgan projected prices would drop to $42,000, saying the market was overbought. Others said any potential gains post-halving were already priced…
Bit Digital Inc (NASDAQ:BTBT) shares are rising Thursday on the heels of the Bitcoin (CRYPTO: BTC) mining company’s first-quarter financial results. Here’s a look at what you need to know.