According to a report by the Norwegian Broadcasting Corporation (NRK), the Stokmarknes Datasenter Bitcoin mining facility ceased operations after Hadsel’s authorities refused to renew the company’s temporary permit. Norwegian City Learns The Importance of Bitcoin Mining The municipality initially granted the permit three years ago, but residents’ complaints about noise…
Over the past year, Bitcoin has evolved at an unprecedented pace. A so-called “Bitcoin Renaissance” has ushered in NFTs, token standards, staking, and dozens of new scaling solutions and “Layer 2s” built upon the oldest, most popular blockchain. In fact, while Bitcoin’s recent price action has been volatile, developers say…
This week’s roundup highlights Argentina’s efforts to protect cryptocurrency scam victims, Bancolombia’s integration of the Solana and Arbitrum networks, along with other key stories. Bancolombia’s Wenia Expands with Solana and Arbitrum Integration Bancolombia’s crypto platform, Wenia, has expanded its offerings by integrating the Solana and Arbitrum networks, allowing users to…
This increased activity suggests bullish sentiment among institutional investors, potentially driving the cryptocurrency to new highs. Bitcoin ETF Inflows to Trigger Price Boost SpotOnChain analysts reported significant inflows into Bitcoin ETFs. Bitcoin’s net flow turned positive, with $39 million in inflows, reversing previous weak volumes. In contrast, Ethereum ETFs saw…
After six months of sideways chop, multiple on-chain indicators say Bitcoin may finally be prepared for an epic price breakout, analysts say. These predictions would line up with separate forecasts of an upcoming bull market based on seasonal factors, with Bitcoin soon to transition from one of its worst-to-best months…
The difficulty of mining bitcoin has reached an all-time high of 92.6 terahashes, increasing by over 10% since early July, which could strain miners’ profitability due to higher operational costs. Increased mining difficulty might pressure miners financially, potentially leading to more bitcoin being sold to cover costs. However, some say…
Bitcoin mining executives from top firms gathered at the HC Wainwright Bitcoin Mining Panel on Sept. 10 to discuss industry trends, challenges, and the future of Bitcoin. The panel, moderated by Anthony Scaramucci of SkyBridge Capital, featured CEOs from prominent mining companies, including Bit Digital, Bitfarms, CleanSpark, Core Scientific, and…
These major stakeholders are simply waiting strategically as the leading coin navigates ongoing volatility. Bitcoin Large Holders Bide Their Time In a September 11 post on X, blockchain analytics platform Santiment wrote that there has been a “noticeable drop-off” in crypto whale transactions since mid-August. The on-chain data provider noted…
In the midst of shrinking revenues and rising operational costs, industry experts tell Decrypt that Bitcoin miners are continuing to invest in new, specialized hardware, displaying strong confidence in the future of the leading crypto network despite short-term struggles. According to a Glassnode report released this week, Bitcoin’s hash rate—an…
Bitcoin’s price may not look exciting this month, but the network’s total hash rate has returned to logging regular new all-time highs. The divergence between security and price is a sign that Bitcoin mining firms are happy to continue installing new computer hardware, even amid uncertain business/ market conditions. Bitcoin’s…