Two weeks after major storm, 75% of Marathon’s mining fleet still inactive
Since a violent storm struck Montana on June 11, 75 per cent of Marathon’s mining capacity has been inoperable. Although it would take some time to restore the facility to full functionality, Marathon’s mining CEO Fred Thiel suggested that the company may decide to accelerate its relocation from Hardin. Marathon Digital Holdings, a bitcoin (BTC) […]
Roger Ver disputes CoinFLEX CEO’s assertions that he owes $47M USDC
Without specifically citing CoinFLEX, Roger Ver claimed that he had not defaulted on a debt to a counter-party. Early Bitcoin investor and supporter of Bitcoin Cash Roger Ver has resisted charges made by cryptocurrency investment platform CoinFLEX regarding a purported $47 million debt. Without specifically citing CoinFLEX , Ver claimed in a tweet on Tuesday […]
Mawson postpones all major capital purchases till market returns to normal
BTC mining company, Mawson Infrastructure Group said it was postponing significant capital investments until the market returned to normal. Mawson Infrastructure Group, a bitcoin (BTC) mining company, announced on Tuesday that it was postponing significant capital investments until the market returned to normal. Additionally, in reaction to the market sell-off and elevated electricity prices brought […]
Bear Market Will Persist Until Crypto Apps Become Useful – Mark Cuban
Mark Cuban said that putting more attention on applications and utility outside of finance would bring more people back to the crypto space and could stop the market from falling. Mark Cuban, the billionaire entrepreneur best known as one of the major investors on the reality television show Shark Tank, believes the crypto bear market […]
MakerDAO Plans To Invest $500 Million To Fewer Risk Treasuries And Bonds
MakerDAO wants to make money with its stablecoin, DAI, by investing in traditional assets like US treasuries and maybe even corporate bonds. MakerDAO is now voting on a plan to invest 500 million Dai stablecoins in a mix of US treasuries and bonds to help it weather the bear market and utilize untapped reserves. Following […]