Compass to Sell $30 Million in Crypto Mining Equipment Located in Russia – Mining Bitcoin News

The U.S.-based company Compass Mining plans to sell $30 million worth of bitcoin mining equipment that’s currently located in Siberia. The decision to sell the mining rigs follows the U.S. government sanctioning the bitcoin mining operation Bitriver and ten subsidiaries. Compass is hoping to offload 12 megawatts of capacity, according to a company executive. Compass Hopes to Sell 12 MW of Bitcoin Mining Capacity in Russia to Pay Clients According to Compass Mining’s CEO Whit Gibbs, the firm is selling $30 million in mining equipment that is currently located in…

Crypto Exchange Located in Europe Will Not Delist XRP Despite Legal Battle

HodlX Guest Post  Submit Your Post   Despite the U.S. Securities and Exchange Commission’s ongoing lawsuit against Ripple for selling XRP, which it refers to as an unregistered security, Gatehub, with offices in the UK and Slovenia, will not delist the cryptocurrency. According to an announcement to XRP holders, the exchange says it will continue to support the fourth-largest cryptocurrency until there is a clear verdict on the suit confirming XRP as a security. “Please be advised that GateHub Ltd. will continue listing XRP until the SEC’s complaint against Ripple is…

More Than Half of the current 4000 Bitcoin ATM’s are located In the US

The number of Bitcoin ATM machines (BATM) installed across the world crossed the 4,000 threshold, according to Coinatmradar.com. Bitcoin ATMs are installed in 75 countries in the world. Two thirds of them are concentrated in North America. Out of a total of 4,159 BATMs worldwide, 2493 – or 55.9 percent – are in the United States, and 613 in Canada. California has the most number of BATMs in the United States, 475, followed by Illinois with 252 BATMs. Coin ATM Radar data shows their presence is steadily growing, not only…