De Beers Launches Blockchain Technology To Power Its Diamond Production
De Beers has launched the long-awaited Tracr platform, which uses blockchain technology to track and manage diamond production. De Beers, the world’s largest diamond mining company, has launched a proprietary blockchain-powered platform to manage its diamond production and distribution. The company has long been developing a blockchain system to track, record, and manage its diamond […]
Marathon Digital Holdings receives a $100M credit line from Silvergate Bank
Marathon Digital Holdings, a cryptocurrency mining firm based in the US, has received a $100 million revolving line of credit with Silvergate Bank, which will be paid out in USD and Bitcoin. According to Marathon Digital, the mining company received a $100 million credit line from the cryptocurrency-friendly bank on Friday. The credit will be […]
Ethereum mining becomes easier with new desktop App
For PCs running the Golem Network, Thorg is a free Ethereum mining application. A million machines are mining Ethereum at any given time, contributing to network security and validating transactions in exchange for the possibility to earn a small amount of ETH. However, in order to make mining lucrative, the majority of individuals require expensive […]
Bitcoin miners have amassed $600M worth of BTC since Feb
Despite the recent sell-off, Bitcoin miners are hesitant to sell their BTC as hashrate rises. According to on-chain analytics service Glassnode, Bitcoin miners are accumulating as the network hash rate continues to recover. According to glassnode’s Sept. 20 Week on Chain report, miner BTC balances are increasing, with wallets affiliated with miners stockpiling 14,000 BTC […]
New York county clerk accused of mining crypto at public’s expense
The employee of the New York county clerk’s office is accused of illegally mining cryptocurrency with more than 40 machines. Christopher Naples , a supervisor of information technology operations at the Suffolk County clerk’s office in New York, is accused of using his position to place crypto mining equipment in several locations at the Riverhead […]