Bitcoin Miner Returns Over $500k Overpayment Fee to Paxos
A Bitcoin miner who received the 19.8 BTC in fees has returned the funds to blockchain infrastructure company Paxos after the company claimed to have paid over $500,000 in BTC transfer fees by error. On September 10, the cryptocurrency community was perplexed by a BTC transaction that paid approximately $500,000 in fees to transfer roughly […]
Binance Pool Launches Bitcoin Cash (BCH) Mining Service
Binance Pool has announced the launch of its Bitcoin Cash (BCH) mining service using the FPPS settlement method. Binance Pool, a platform that aims to improve miners’ income, has introduced its Bitcoin Cash (BCH) mining service. The new offering allows users to mine BCH with the FPPS (Full Pay Per Share) settlement method, which distributes […]
Marathon Digital Shareholders File Lawsuit Against CEO, Others
Crypto mining company Marathon Digital is facing a lawsuit from some shareholders alleging that CEO Fred Thiel and other top executives committed breaches of fiduciary duty, unjust enrichment, and squandering of corporate assets. On July 8, a shareholder complaint against Fred Thiel and nine other Marathon executives was lodged in Nevada’s United States District Court. […]
UAE Tops as Bitcoin Mining Location in the Middle East
The United Arab Emirates (UAE) is progressively establishing itself as the region’s premier Bitcoin mining location, with a combined Bitcoin mining capacity of 400 megawatts, about 4% of Bitcon’s global hash rate. With 30 free trade zones, the Middle East has established itself as a Web3-friendly destination for crypto-focused businesses, and by 2023, the region […]
Bitdeer Partners with Bhutan’s DHI for $500M Crypto Mining Fund
Bitdeer, a Nasdaq-listed bitcoin miner , has partnered with Bhutan’s state-owned investment company, DHI, to build carbon-free digital asset mining operations and raise $500 million for a crypto mining fund. Bitdeer and DHI to jointly raise $500 million A closed-end fund valued at $500 million that will invest in digital asset mining projects in Bhutan […]