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Litecoin (LTC )has been one of the best-performing big-cap tokens over the last several months, and its hashrate just hit a new all-time high, signaling some potential bullish activity on the network. After falling to a low of $40.60 back in July 2022, LTC has risen by more than 125% from its 2022 low, outperforming […]
BlackRock and Apollo Capital Management were among the group of creditors that loaned $500 million to defunct crypto miner Core Scientific, court filings show. Core Scientific, which filed for Chapter 11 bankruptcy last month, grew its business by raising massive debt and faltered on the loans when Bitcoin (BTC) prices sunk last year. BlackRock purchased […]
Crypto lender BlockFi — having filed for bankruptcy weeks after the collapse of FTX — is planning to sell around $160 million of Bitcoin (BTC) miner-backed loans, Bloomberg reported. The loans are collateralized by approximately 68,000 BTC mining machines, as per the report — which cited anonymous sources. Some loans have already defaulted and some […]
Ton Blockchain (TON) validators will vote on suspending inactive miner wallets starting Feb.21, 2023, according to a company press release. There are currently 195 inactive addresses in the TON network, according to the press release. Each has a balance of at least one TON, adding up to a total of 1.08 billion TON — accounting […]
Bitcoin miners faced difficulties paying off debt in 2022, particularly when they had high-interest equipment financing loans, according to a recent report by Hashrate Index. The report stated. “We estimate that there is between $2-4 billion worth of ASIC financing debt on private and public miner balance sheets.” According to the analysis, 6 ASIC financing […]
The Bitcoin Mining Council (BMC) recently released its Q4 2022 briefing, showing a current sustainable energy mix of 58.9% – a half percent decrease from the previous quarter’s 59.4% figure. The BMC was formed in May 2021 in response to Tesla’s U-turn on accepting Bitcoin for payment over claims the network is powered mainly by […]
Glassnode data analyzed by CryptoSlate shows that Marathon, Hut8, and Riot built the top three largest Bitcoin (BTC) pools, while Bit Digital recorded a 134% growth in reserves in nine months. BTC miners in 2022 BTC miners entered the year 2022 with resources acquired through cheap debt in 2021. The majority of them invested these […]
Kazakhstan’s share in the global Bitcoin (BTC) hash rate decreased to 6.4% since the first quarter of 2022, which brought the carbon emissions of the whole network down 10%, according to ClimateTech Vice Chair Daniel Batten’s recent analysis. Batten said that the mainstream media failed to reveal this impact, which proves that the BTC network […]
Bitcoin (BTC) mining difficulty rose 10% to a new all-time high of 37.59 T from 34.09 T on Jan. 15 The difficulty increase is the largest seen since October 2022, according to Bitrawr data. Source: Glassnode The significant rise on Jan. 15 exceeded almost all of the network’s difficulty increases in 2022 — only surpassed […]
Bitcoin (BTC) hashrate rose 20% to a new all-time high on Jan. 12 — the second time the hashrate increased to a new ATH in the last seven days. It has since retraced to 251.79 EH/s as of press time. Source: Glassnode Crypto investor Asher Hopp pointed out that Bitcoin’s hashrate rose to an all-time […]
