BTC Miner Bitdeer to List on Nasdaq Via $4 Billion SPAC Merger This Week
BitDeer, a major Bitcoin mining company, is set to go public on the NASDAQ stock exchange through a $4 billion merger with a special purpose acquisition company (SPAC) called Spartan Acquisition Corp. III. The merger is expected to close this week, and BitDeer will begin trading under the ticker symbol "BTDR."
Merkle Trees: Unraveling the Magic Behind Cryptocurrency Exchange Security
Today, we’re diving deep into the thrilling world of Merkle trees and their crucial role in securing your precious cryptocurrency balances on exchanges. Buckle up, because we’re about to reveal the magic behind these ingenious data structures and how they work.
Bitcoin Mining Company Bitfarms Enters Agreements to Acquire 22 Megawatts of Hydro Power Capacity in Baie-Comeau, Quebec
Bitfarms runs vertically integrated mining operations with in-house management and company-owned electrical engineering, installation service, and onsite technical repair.
Crypto Evening Briefing: Hong Kong Chief Executive Emphasized That the Current Development of Web3.0 Presents a Golden Opportunity
In the face of the trend towards Web3.0, Hong Kong must be brave enough to become leaders in this wave of innovation.
Bitcoin Mining Firm Bitmain Reportedly Fined for Tax Violations in China
Chinese cryptocurrency mining firm Bitmain has been fined approximately $3.7 million by the Beijing Municipal Office of the State Administration of Taxation for violating tax regulations. The company allegedly failed to pay personal income taxes for its employees in accordance with China's laws on administration of tax collection. The tax authority had already delivered a notice on certain tax violations to Bitmain in August 2022. Bitmain is one of the world's largest cryptocurrency mining companies, but it was reportedly forced to stop its business in China in response to a blanket ban on crypto imposed by the Chinese government in September 2021.
Riot Platforms Defends Renewable Energy Use in Response to Claims Made by The New York Times on Crypto Mining Practices
Riot Platforms has responded to claims made by The New York Times regarding its crypto mining practices. The article alleged that Riot used 450 MW of power, 96% of which came from fossil fuels, and produced 1.9 million tons of CO2 emissions per year. However, Riot contests these claims and states that it uses power from the Texas electrical grid, which relies on renewable energy sources such as wind and solar.
Arkansas Bill Grants Bitcoin Miners Same Rights as Data Centers, While Texas Seeks to Remove Incentives for Miners
A new bill aimed at regulating Bitcoin mining in Arkansas has been approved by both the House of Representatives and Senate and is now awaiting Governor Sarah Huckabee Sanders’ signature. The Arkansas Data Centers Act of 2023 seeks to establish guidelines for Bitcoin miners and protect them from discriminatory regulations and taxes, guaranteeing that firms have the same rights as data centers.
Crypto Community Criticizes New York Times Bitcoin Mining Article for Fabricating Data
The New York Times has come under fire from the crypto industry for a recent article on Bitcoin mining that contained misinformation. Pierre Rochard, VP of mining company Riot Platforms, criticized the publication's research methodology, stating that it included "lots of fictitious fractional-reserve carbon accounting" and "cooking the books to fabricate emissions." Rochard called for the publication to open source the methodology and simulation to verify the data. The report comes as the US is growing its presence in the mining industry, with Texas becoming a hotbed for the industry. This isn't the first time The New York Times has drawn criticism from the crypto community, with a previous article on former FTX CEO Sam Bankman-Fried also receiving backlash. The crypto community has been critical of media outlets' coverage of the industry, with recent rumors about a red notice for Binance CEO Changpeng Zhao stoking fear and uncertainty.
Bitcoin's Energy Transparency Offers Unique Insight, But Value vs Energy Debate Overlooks Potential Benefits, says Hut 8 CEO
The transparency of Bitcoin's hashrate, which captures the computational force being used across the network, creates a degree of transparency innate to Bitcoin mining, according to Hut 8 CEO Jaime Leverton. This transparency allows for easy tracking of Bitcoin miners' energy usage, unlike the traditional banking system or hard metal mining.
SBI Crypto Files Lawsuit Against Whinstone US for Misleading and Damaging Bitcoin Mining Operation
SBI Crypto, a Bitcoin Miner, has filed a lawsuit against data center Whinstone US for misrepresenting its readiness to host a large-scale mining operation and causing millions of dollars in damages through delays and substandard conditions.
