Bitcoin traders ‘under pressure’ after deepest correction since 2022 erases profits

Iran previously put a temporary blanket ban on crypto mining amid historically peak periods for power demand in summer. 438 Total views 7 Total shares Amid Iran’s energy consumption increasing during the winter, local energy authorities have decided to halt operations of authorized cryptocurrency mining centers.Mostafa Rajabi Mashhadi, chairman of the board and managing director…

North America now has its own Bitmain repair center. Crypto mining operator Core Scientific is set to become the first North American cooperative repair center for major crypto mining hardware manufacturer, Bitmain.According to an announcement shared with Cointelegraph, the company will offer repair services for Bitmain’s machines. The company says that this will reduce costs…

The announcement comes despite Nocturne raising $6 million in a funding round in October 2023.

The NFT marketplace buys the nearly five-year-old DeFi protocol but does not share financial terms. 87 Total views 39 Total shares OpenSea announced Tuesday the acquisition of Dharma Labs, a cryptocurrency lending platform and digital wallet, for an undisclosed amount. According to the statement, Dharma Labs would effectively shut down and its co-founders Nadav Hollander…

Google's parent company is reportedly exploring applying emerging tech to its main products and services. 223 Total views 23 Total shares Google has started researching blockchain and how it may benefit Web 3.0 technology.According to a Tuesday statement from Sundar Pichai, the CEO of Alphabet — Google's parent company — the company is exploring integrating…

Chinese cryptocurrency mining giant Bitmain's hashrate has noticeably dropped in the past 30 days, according to the company’s hashrate disclosure update as of May 7.Per the data analyzing the hashrate of all Bitmain-owned hardware, updated once every 30 days, the SHA256 hashing algorithm — which is used in the bitcoin (BTC) mining network — has…