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PortuguêsThe Amesbury, Massachusetts-based Bankprov, a subsidiary of Provident Bancorp, has announced that it will no longer provide loans secured by cryptocurrency mining rigs. In a filing with the U.S. Securities…
Continue ReadingEnslaving us with debt and inflation, the fiat system replaces sincerely-held beliefs. But Bitcoin gives us the chance to be human again. This is an opinion editorial by Jimmy Song,…
Continue ReadingThe Chinese embassy in Zambia denounced the United States over its debt limit and the “extraordinary measures” Treasury secretary Janet Yellen has implemented to stave off a U.S. debt default.…
Continue ReadingTwo days ago, bankruptcy administrators and FTX debtors published an update for unsecured creditors claiming the discovery of $5.5 billion in liquid assets. Roughly $3.5 billion of these funds are…
Continue ReadingJanet Yellen, the U.S. secretary of the Treasury, sent a letter to Congress on Friday urging lawmakers to increase the spending limit. Yellen stressed that the country would reach its…
Continue ReadingAccording to statistics, the stablecoin BUSD saw a significant drop in its supply over the past 30 days, shedding roughly 23.8% from Dec. 5, 2022, to Jan. 6, 2023. Since…
Continue ReadingCore Scientific plans to shut down 37,000 bitcoin mining rigs belonging to now-defunct crypto lender Celsius, according to an agreement between the two bankrupt firms. Celsius owes Core Scientific approximately…
Continue ReadingIndustry players accumulated over $4 billion of debt in the last crypto run-up. According to a recent report by Hash Rate Index, publicly-listed Bitcoin (BTC) miners took on more than…
Continue ReadingAs the macroeconomic debt spiral is set to spin out of control in 2023, Bitcoiners should prepare for the fight to intensify. This is an opinion editorial by Mickey Koss,…
Continue ReadingASIC miners’ price per terahash has fallen more than 80% from its peak in 2021 as Bitcoin mining machines continue to flood the marketplace. Bitcoin ASIC miners — machines optimized…
Continue ReadingThe Bitcoin network hashrate has returned to 241.29 EH/s after a temporary 38% fall to 170.60 EH/s from a weekly peak of 276.40 EH/s. Bitcoin’s network hashrate has returned to…
Continue ReadingThe bitcoin mining operation Greenidge Generation Holdings Inc. has executed a restructuring deal with NYDIG, according to an announcement published on Tuesday. According to the non-binding term sheet agreement, NYDIG…
Continue ReadingThe deal will involve NYDIG taking ownership of miners, with the aim to lessen chances of a bankruptcy. Greenidge Generation, a bitcoin miner operating in New York, has reached a…
Continue ReadingIn a number of recent interviews, the former co-founder of FTX, Sam Bankman-Fried (SBF), explained that he “wasn’t running Alameda” and he “didn’t know the size of their position.” In…
Continue ReadingA Russian company has announced the country’s first authorized transaction with digital financial assets (DFAs) involving a foreign currency, China’s yuan. The deal, reportedly the largest made to date under…
Continue ReadingWhen the United States has a significant amount of debt, high interest rates and a budget deficit, there can be no hope of ever paying it off. This is an…
Continue ReadingDeFi lending company TrueFi has issued a notice of default to South Korea-based Blockwater Technologies over the latter’s failure to repay an unsecured loan of $3.4 million. The notice was…
Continue ReadingAccording to a representative from the bitcoin mining company backed by the Chinese crypto billionaire Jihan Wu, Bitdeer is crafting a $250 million fund to buy distressed assets from embattled…
Continue ReadingMacro markets and geopolitics dominated the news this week, with Russia cutting off Europe’s gas supply, hedge funds betting against Italian debt, and the International Monetary Fund’s bailout for Zambia…
Continue ReadingA sovereign debt crisis is brewing in Europe, and it will likely perpetuate the euro’s devaluation and pave the path for Bitcoin. The below is an excerpt from a recent…
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