Empowering Communities with E-Waste
Crypto exchange OKX will discontinue its mining pool services due to “business adjustments” reasons, according to a Jan. 26 statement. The platform said it had halted new customer registrations, effective immediately. Existing users will retain access to the platform until Feb. 25, after which all mining pool-related services will be discontinued by Feb. 26. “Due […]
In an in-depth interview with Bitcoin Magazine on Jan. 24, Bitcoin Core developer Luke Dashjr voiced significant concerns about the increasing centralization of Bitcoin mining. Dashjr believes that the dominance of a few large mining pools poses a serious threat to the decentralized nature of Bitcoin, potentially leading to censorship and control issues within the […]
The XRP Ledger (XRPL) is almost ready for the launch of its much anticipated Ethereum Virtual Machine (EVM) compatible sidechain, according to developers working on the project. The project aims to allow Ethereum (ETH) developers, who are used to Solidity, the main programming language for writing smart contracts on Ethereum, to access and build on […]
The Bitcoin and digital asset mining firm Hut 8 responded to a recent critical report in a statement on Jan. 19. The mining company wrote: “Hut 8 Corp is aware of a short report … by J Capital Research, which is a self-proclaimed group of biased activists who clearly disclose that they will profit if […]
The Bitcoin mining firm Core Scientific announced on Jan. 16 that it has obtained court approval to proceed with its reorganization plan. Core Scientific noted that this reorganization plan will allow it to emerge from Chapter 11 bankruptcy proceedings in the coming days. Adam Sullivan, Core Scientific’s CEO, said: “Today’s plan confirmation is a defining […]
The chief executive officer (CEO) of Ripple Labs is certain that other cryptos will follow in Bitcoin’s (BTC) footsteps on their way to spot exchange-traded funds (ETFs). In a new interview with CNBC, Ripple CEO Brad Garlinghouse says the possibility of an Ethereum (ETH) ETF and others is a “certainty.” “It’s a certainty. I’m not […]
Blockchain-based payments company Ripple reportedly wants to repurchase $285 million worth of company shares from early investors and employees. Citing two sources familiar with the matter, Reuters reports that Ripple Labs is setting aside $500 million for the buyback. The allocation will cover the costs of taxes and converting restricted stock units (RSU), or those […]
Bitcoin miner Hut 8 has secured an additional $15 million from a subsidiary of the United States-based cryptocurrency exchange, Coinbase, according to a Jan. 12 statement. The miner revealed that the new deal represents an amendment and restatement of its previous $50 million credit facility with the cryptocurrency trading platform, bringing its cumulative credit portfolio […]
CleanSpark Inc., the third largest public Bitcoin mining company by hashrate, has agreed to purchase up to 160,000 Bitmain S21 miners, according to a Jan. 8 announcement. The move could propel its hashrate to an impressive 50 EH/s over the coming year, marking a substantial leap from its current 10 EH/s. Bitcoin hit a record […]
In a recent development that has stirred the Bitcoin community, developer Luke Dashjr’s proposal to address the congestion caused by Ordinals and BRC-20 tokens on the Bitcoin network has been met with support and strong opposition. Dashjr failed to rally enough support for a proposed “bug fix” to the Bitcoin code that would essentially put […]
