CleanSpark Is Combating Bitcoin’s Energy Problem With 95% Carbon-Free Mining Success in the US
China's crypto mining crackdown intensifies, with all major bitcoin mining farms in Yunnan reportedly shut down as of Wednesday. Matthew Schultz of CleanSpark, a Utah-based energy software and bitcoin mining farm, shares his assessment of the situation in China and how CleanSpark is combating bitcoin's carbon footprint problem. Plus, comments on the class action lawsuit against CleanSpark.
Bitcoin Prices on Track for Record Q2 Percentage Decline
Bitcoin prices are on track for a record second-quarter percentage decline weighed down by China's crackdown on mining, concerns that the Fed will start tapering its stimulus program, and persistent demand for downside hedges. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
Bitcoin: A Mini Bear Market in a Bull Market?
CoinDesk’s Galen Moore looks at bitcoin’s previous trends, discussing the outlook for its trajectory. “I think [this] is a bear market, but it’s important to look at how easy it would be for bitcoin to prove me wrong,” Moore said.
Banks Want In on Bitcoin: NYDIG, NCR to Bring Crypto Purchases to 650 U.S. Banks
Digital asset firm NYDIG is joining forces with enterprise payments giant NCR to offer bitcoin buying and selling services to some 24 million customers at 650 U.S. banks and credit unions. "The Hash" hosts react to the news as a move to further accessibility and mainstream adoption of crypto.
Challenges and Opportunities for Bitcoin Mining in North America
Zack Voell of Compass Mining breaks down his comprehensive report on mining entitled "North American Bitcoin Mining Index (NABMI)." He discusses the key findings and crypto market implications from six months of data analysis on "companies, capital, and energy mix powering Bitcoin mining in North America."
Why Bitcoin Mining Hashrate Dropping to 1-Year Low Following China Crackdowns Is Good News for Miners
China's continued crypto crackdowns have been a blow for mining operations based in the country, but for miners in other parts of the world, it might be good news. Bitcoin's hashrate, a measure of the computational power working to secure the blockchain network, dropped to its lowest since May 2020. Meanwhile, the BTC mining difficulty could see a 25% decrease in July. "The Hash" hosts unpack why this is a windfall for active miners outside of China.
Bitcoin Billionaire Mircea Popescu Reportedly Dead at 41
"The Hash" team discusses the news swirling around the reported death of controversial bitcoin maximalist Mircea Popescu, also known as the "Father of Bitcoin Toxicity." Popescu is believed to be one of the largest holders of bitcoin.
Bitcoin Gathering Upside Momentum?
Bitcoin’s price pierces $35K but faces resistance near $40K. Delta Exchange CEO Pankaj Balani sheds light on the potential tailwinds that are causing this bounce.
Bitcoin: When Are We Going to See a Breakout?
Trade the Chain Senior Research Analyst Nick Mancini on bitcoin's price and whether a bullish breakout is imminent. "Bitcoin is on a greener path, although we are still going to see a lot of resistance as we work our way up to $40K," he said.
Bitcoin Sticking to Descending Trendline?
Bitcoin is trading lower after a brief 5% bounce on Sunday. The cryptocurrency is testing the $35K resistance and could find support around $30K, which is the bottom of a month-long trading range. “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.