Mining

Bitcoin miner Argo Blockchain requested that trading be temporarily suspended on Nasdaq ahead of Wednesday’s open. The miner said two weeks ago that it was in “advanced negotiations with a third party” to sell certain assets to avoid filing for bankruptcy. Argo Blockchain, the UK-based company, is also listed on the London Stock Exchange, which…

Microsoft updated its policy terms to specify it will not allow cryptocurrency mining on its online services without prior written approval. The updated rule came into effect back on Dec. 1 and applies to all Microsoft’s users, including paid customers. The update prohibits users from mining on Microsoft’s online services, largely relating to its cloud…

Despite the liquidity crisis in the crypto sector, criminal activity targeting the crypto industry does not seem to be slowing down, Gulf News reported. The UAE cryptominers must beware of ‘cryptojackers,’ as 11% of all corporate users affected by ‘cryptojackers’ in the META region this year were from the UAE. According to cybersecurity and anti-virus…

The European Union (EU) released a package of documents related to an action plan for implementing the European Green Deal and the REPowerEU Plan, which aim at energy savings by digitalizing the energy sector. In place of PoW mining, the EU plans to increase the Proof of Stake (PoS) concentration in the bloc. According to…

A fraternity-based approach to mine crypto, mining pools let miners combine their computational resources for a better chance to win rewards — describes Murtuza Merchant on Cointelegraph. In the early days of Bitcoin (BTC), crypto enthusiasts only required a basic personal computer with an internet connection to generate new BTC tokens through a distributed computing…

Compute North, the US-based Bitcoin mining hosting provider, has filed for Chapter 11 bankruptcy protection in a federal court, citing the decline in Bitcoin pricing and power costs rising. In addition to general market conditions, a shift in the relationship with its biggest creditor, Generate Capital, led the firm to enter the Chapter 11 process….