The payments technology firm has tempered its outlook for the remainder of 2022 after its Q2 revenue fell short of expectations, partly due to volatility in cryptocurrencies. Source
Nuvei Tempers Yearly Expectations Due to Crypto Volatility
Month: August 2022
Binance CEO Hits Back at 'Weak' KYC Claims
Binance has the most sophisticated KYC solution on the planet, CZ said. Source
Marathon Digital Posts Negative Q2 Results, but Increases Bitcoin Production 8% YoY – Mining Bitcoin News
Marathon Digital, one of the biggest mining companies in the Bitcoin ecosystem, has posted its financial results corresponding to the second quarter of the year. The company revealed that even having increased its production by 8% when compared to Q2 2021, it recorded an impairment of $127.6 million on bitcoin holdings due to the fall of bitcoin prices in this period. Marathon Digital Registers Impairment of $127.6 Million Marathon Digital, one of the biggest public Bitcoin mining companies, has released its financial results from the Q2 2022 period.…
Iran Places First Crypto-Funded Import Order, Worth $10M: Report
The order came after the government amended the country’s digital assets laws to allow locally mined crypto to be used to pay for imports. Source
Launching A Bitcoin Mining Company
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Starting a Bitcoin mining company can be a daunting task. Sourcing hardware, finding cheap and reliable power, and maximizing miner uptime are just some of the issues new startups face. Compass sat down with Blockmetrix co-founder and co-manager David Kiger, a new startup mining company primarily focused on North American mining, to understand the nuances. PERSON: TWITTER HANDLE Will Foxley: 🎥 TIMESTAMPS: Blockmetrix 01:08 Blockmetrix strategy 05:44 Blockmetrix team 09:54 Deploying capital 13:33 Choosing partners 17:41 Buying mining rigs 19:09 Finding facilities…
Zipmex to Restart Ether, Bitcoin Withdrawals in the Next Few Days
Cryptocurrency exchange Zipmex will release ether (ETH) to users’ wallets on Aug 11 with bitcoin (BTC) following a week later, having blocked customers from taking direct custody of their coins last month. Source
KQuasars Launches New Astrophysical NFT Collection – Press release Bitcoin News
press release PRESS RELEASE. St. Barth, August 9, 2022 – KQuasars launches new astrophysical NFT collection. After studying with renowned physicists, meeting the CERN team and paying close attention to LIGO’s work, Kay Quattrocchi has joined forces with his son Harrisson Bordjel, inspirator and co-creator, and Sander Sturing a generative artist from the Netherlands, to build a black hole and quasar generator. Their code is algorithmically creating 777 unique NFTs, 555 black holes and 222 quasars exploring their fascinating presence. Kay is using new technology to investigate the connections between…
Kazakh Authorities Arrest 23 Suspected of Forcing IT Professional to Run an Illegal Crypto Mine
CryptoX – Cryptocurrency Analysis and News Portal The country is still grappling with the illegal crypto mining industry. Source The post Kazakh Authorities Arrest 23 Suspected of Forcing IT Professional to Run an Illegal Crypto Mine appeared first on CryptoX. CryptoX Portal
Bitcoin Miner CleanSpark Buys 36MW Facility and 3,400 Machines in Georgia for $25.1M
The facility will be CleanSpark’s third in Georgia, the other two being in College Park and Norcross, both near Atlanta. The new site in Washington (pop. 4,000) – in northeastern Georgia about 110 miles from Atlanta – is currently operating 340 petahash/second (PH/s) of computing power, and CleanSpark will be adding machines it already has on hand. Original
Kazakh Authorities Arrest 23 Suspected of Forcing IT Professional to Run an Illegal Crypto Mine: Report
The country is still grappling with the illegal crypto mining industry. Source