CleanSpark acquires mining facility in Georgia for $33 million
This is the second deal the company announced this week citing “substantially discounted price.” Go to Source Powered by WPeMatico
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Russian Arrested for Defrauding Buyers of Mining Hardware Worth Over $300,000
Police in the southern Russian city of Astrakhan have detained a man accused of defrauding people who wanted to purchase crypto miners. Law enforcement officials say the suspect made millions of rubles through fictitious sales of mining devices to Russian citizens and foreigners. Investigators Claim Russian Made Money Selling Nonexistent Crypto Mining Rigs A resident … Read more
Ledger reportedly seeking additional $100 million in funding
Investors are said to be flocking to cold storage for their cryptocurrency as liquidity concerns plague the industry recently. Go to Source Powered by WPeMatico
Bitcoin miner prices will continue to fall, F2Pool exec predicts
The majority of big crypto mining firms have sold their self-mined Bitcoin, while a few firms like Marathon, Hut 8 and Hive still hold on. Go to Source Powered by WPeMatico
Global GPU price drops to compensate for falling Bitcoin mining revenue
The meteoric drop in GPU prices opened up a small window of opportunity for small-time miners to procure a piece of more powerful and efficient mining equipment. Go to Source Powered by WPeMatico
Meta to Slow Hiring in 2022, Hints at Layoffs After Metaverse Pivot
Meta, the company formerly known as Facebook, is preparing to face a strong market downturn. According to reports, Mark Zuckerberg, CEO of Meta, announced a change in the hiring policies of the company, lowering the number of engineers planned to be hired from 10K to 6-7K. Previously, Zuckerberg had warned about the metaverse pivot of … Read more
Alkemi Earn integration brings DeFi lending to 1.5M Ledger users
The objective of the Ledger project is to provide consumers with a way to purchase and use digital assets without giving up control to third-party platforms or systems. Go to Source Powered by WPeMatico
Tencent Launches Extended Reality Unit to Tackle the Metaverse Market
Tencent, the Chinese technology and entertainment giant, announced the creation of its own metaverse-driven division. The division, named the extended reality unit, will be the one tasked with encompassing all metaverse-driven efforts, including hardware and software developments. According to reports, the company aims to employ over 300 in this unit, with Tencent giving it big … Read more
What happens if you lose or break your hardware crypto wallet?
The safety of the recovery phrase is way more important than keeping the hardware wallet safe, according to executives at Ledger and Trezor. Go to Source Powered by WPeMatico
Authorities Seize Over 1,500 Crypto Mining Rigs in Dagestan Crackdown
Law enforcement and other authorities in Dagestan have closed down two illegal crypto farms, confiscating more than 1,500 mining machines. Government agencies in the republic, considered one of Russia’s capitals of underground coin minting, carry out regular raids against such facilities. Cryptocurrency Miners in Dagestan Accused of ‘Illegal Entrepreneurship’ Officers from the Ministry of Internal … Read more
