ASIC Mining Rig Manufacturer Canaan Reveals $100 Million Stock Buyback Program

The application-specific integrated circuit (ASIC) manufacturer Canaan has revealed the firm is offering a stock buyback for up to $100 million. Canaan’s chairman and CEO Nangeng Zhang highlighted in a U.S. Securities... Read more »

President Zelenskyy Signs Ukraine’s Law ‘On Virtual Assets’

President Volodymyr Zelenskyy has signed the law “On Virtual Assets” which aims to regulate the crypto market in Ukraine. The approval comes as his country is increasingly relying on cryptocurrency donations to... Read more »

Kazakhstan Shuts Down Over 100 Crypto Mining Farms

More than 100 crypto farms in Kazakhstan have terminated operations as a result of ongoing inspections of the mining sector. Authorities have revealed that some of the facilities are linked to prominent... Read more »

Binance Now Fully Licensed by Central Bank of Bahrain to Offer Crypto Services

Cryptocurrency exchange Binance has announced that it has received a full license from the Central Bank of Bahrain. “The crypto asset license will allow Binance to provide crypto-asset trading, custodial services, and... Read more »

Bitfarms Buys Land to Open New Mining Facility in Canada

Bitfarms, a corporate player in the bitcoin mining world, has announced a new acquisition of land and a facility in Canada. The purchased land is located in Sherbrooke, Quebec, and according to... Read more »

Better Business Bureau Warns About Cryptocurrency — BBB Ranks Crypto Scams Second Riskiest

The U.S. Better Business Bureau (BBB) says cryptocurrency scams have become the second riskiest. In addition, the organization noted that “Payment made via cryptocurrency that resulted in a monetary loss more than... Read more »

Bitmain Reveals New Liquid-Cooled ASIC Mining Rig With 255 TH/s of Computing Power

Leading ASIC mining device manufacturer Bitmain has revealed a new bitcoin miner that’s even faster than the company’s last machine, which boasts 198 terahash per second (TH/s). The latest model, called the... Read more »

MiCA Amendments Proposed Last Minute Revive Threat of EU Ban on Bitcoin, Report Reveals

Changes to the EU’s MiCA proposal to regulate crypto markets, suggested shortly before a vote on the package, indicate a bitcoin ban is still a possibility. Despite recently removing wording that would... Read more »

Bitcoin’s Hashrate Jumps 15% Higher in 10 Days, Mining Difficulty Expected to Rise

After bitcoin miners caught a break ten days ago when the difficulty dropped 1.49% lower, the network’s hashrate increased more than 15% since then. Currently, the processing power has been coasting along... Read more »

UK Watchdog Asks Crypto ATM Providers to Stop Operating or ‘Face Enforcement Action’

U.K. watchdog, the Financial Conduct Authority (FCA), has told firms running crypto ATMs in the country that they are operating illegally and must therefore shut down their machines. Operators that fail to... Read more »