The price of BTC briefly slipped under $20,000 in the early hours of Mar. 10 and is now hovering just above $20,000 at the time of writing. The price of the Bitcoin (BTC) briefly slipped below $20,000 for the first time in nearly two months, following the latest budget from United States President Joe Biden...Continue Reading

South Korea is throwing another $51 million at the metaverse, Mt. Gox saga is drawing to a close, Canaan BTC miner sales revenue plunges 60%. Our weekly roundup of news from East Asia curates the industrys most important developments. South Korea invests another $51M in metaverse tech South Koreas plans for metaverse domination are gathering...Continue Reading

The Bitcoin mining company is stumped as to why Bitmain changed the design of the S19 Antminers. Bitcoin mining company Compass Mining claims to have found “three issues” in the ASIC design of the two new Antminer S19 miners, units that are primarily used to mine Bitcoin (BTC). These issues could result in the machines...Continue Reading

BTC and altcoin prices succumbed to this week’s negative newsflow, but sentiment analysis and on-chain data point to the possibility of a short-term bounce. March started off on a low due to a resurrection of inflationary fears. On March 7, hawkish comments from United States Federal Reserve chairman Jerome Powell amplified the market’s expectation of...Continue Reading

The tax would be phased-in at 10% per year over three years and covers electricity generated from both on and off-grid sources. A phased-in 30% tax on cryptocurrency mining electricity costs has been proposed by United States president Joe Biden in his administration’s 2024 fiscal year budget. A Department of the Treasury supplementary budget explainer...Continue Reading