Self-described “DeFi, non-custodial, banking protocol,” Meld responded to allegations of foul play, stating no insider trading had taken place on its platform.Meld denies wrongdoingThe accusations stemmed from on-chain analysis conducted by TapTools, highlighting a series of large token sales.Further sleuthing revealed the address responsible had sold tokens worth 1.24 million ADA, or about $405,000 at
An IT specialist working for a medical institution in Russia’s Altai Republic was arrested three days ago for illegally mining crypto on the premises of a Covid-19 hospital. Russia: illegal crypto mining at a Covid-19 hospital IT technician arrested for illegally mining cryptocurrencies in a Covid-19 hospital In Putin’s Russia embroiled in conflict with Ukraine
Crypto’s benchmark cryptocurrency, Bitcoin, has pushed past $17,000 for the first time in 2023 after being range bound for several weeks between $16,380 and $16,975.Bitcoin has now been on a positive trend since the start of January when it opened the year at $16,482. Bitcoin is up 3.72% over the last seven days and 2.33%
Bitcoin Mining: a profitability calculator Here is how to calculate the estimated profit or loss of a potential BTC mining business There are online calculators for estimating the profitability of bitcoin mining. In fact, mining bitcoin is not necessarily profitable, because it requires a significant investment and continuous expenses. In addition, earnings are not guaranteed.
As reported by a local media, Mongolia will put a stop to subsidies in the mining sector, precisely at a time when several mining farms had established their facilities in that area. The notice entitled “Notice on the control and rectification of enterprises involved in cryptocurrency mining” states that the competent authorities, and to be
According to the latest news from China, the high demand for bitcoin mining ASICs has driven up the prices of these devices. In June, the ASIC manufacturer Canaan reported that demand for ASICs was three times higher than production capacity, due to the rise in the price of BTC between May and June. During the
The Bitcoin protocol makes extensive use of the so-called hash function for adding new blocks to the blockchain through the mining process. Generally, from a technical point of view, a hash function is an algorithm that, starting from data of arbitrary length, produces a hash of fixed length. This hash is a hexadecimal code that
A new historical record has been set for Bitcoin’s hashrate. According to blockchain.com, the hashrate reached almost 126 EH/s on July 8th, 2020, breaking the previous pre-halving record. In reality, other sources calculate different estimates, but they all agree that in the last few days Bitcoin’s hashrate has returned to its all-time high. As expected
Chinese company Canaan Inc., a producer of bitcoin mining ASICs, raised $90 million with an IPO launched on the US market. In fact, the Hangzhou-based company sold 10 million shares at $9 each, thanks to a public offering managed by Citigroup, China Renaissance Holdings and CMB International Capital. Canaan planned to raise approximately $100 million
Proof of Work (PoW)The oldest and most popular framework for decentralized networks is “Proof-of-Work.” Originally developed in 1993, the Proof of Work consensus mechanism was first popularized when it was used to launch Bitcoin. The system has stood the test of time. Over Bitcoin’s 12-year history, the core blockchain has never failed. This track-record is
