Hut 8 Miner Shuts Down Alberta Mining Site
Bitcoin miner Hut 8 is shutting down operations at its Drumheller, Alberta, location in Canada due to unreliable power supplies and escalating energy costs. Hut 8 has announced the imminent closure of its Drumheller mining facility, which processes an estimated 1.4% of the company’s Bitcoin at a cost of approximately 11% of its hash rate […]
Binance Launches New Fragrance ‘Crypto’ to Celebrate Women’s Day
Binance cryptocurrency exchange unveiled its most recent initiative to encourage more women to embrace the crypto industry. Dubbed Crypto, it’s a luxury fragrance that fuses finance with high-end products. In time for International Women’s Day on March 8, female marketing leaders at Binance declared on March 6 their intention to expand the company’s inclusiveness initiatives […]
Bitcoin, Gold Attain New Price Records on Same Day
On March 5, Bitcoin’s price surpassed $69,200 for the first time in its recorded history. The price of gold also hit a new record on the same day. Gold, which attained its highest point on the same day, experienced prosperous developments in conventional financial markets, mirroring the momentous occasion within the Bitcoin community. At approximately […]
Binance Temporarily Suspends Solana Withdrawals
Due to an “increased volume of transactions,” Binance cryptocurrency exchange has temporarily suspended withdrawals to the Solana network. A Binance statement issued on March 6 states that the exchange anticipates resuming withdrawals on March 9 following the implementation of a solution. “Uniform suspensions of withdrawals on the Solana (SOL) network have been in effect since […]
Lending Platform Nexo Receives Preliminary License in Dubai
The Virtual Assets Regulatory Authority of the Emirates has granted preliminary approval to Nexo’s cryptocurrency lending platform’s Dubai subsidiary. The initial sanction for virtual asset lending and borrowing, management and investment, and broker-dealer services have been granted to Nexo Services FZE, according to an announcement published on March 5 and forwarded to Cointelegraph via email. […]