Tag: Bitcoin miners
Bitcoin Miners Embracing AI Technology for Survival: Core Scientific Leading the Way
Core Scientific recently announced a groundbreaking deal with CoreWeave, a cloud-computing firm, to boost its artificial intelligence capabilities. This move comes at a critical time for bitcoin miners, who have been facing challenges following...
Biden’s Proposed Bitcoin Mining Tax Criticized by Lummis
Senator Cynthia Lummis of Wyoming has strongly criticized President Biden's proposed 30% tax on Bitcoin miners, calling it a "dangerous scheme" and an "attack on innovation." She believes that such a high tax rate...
Bitcoin Price Surges to $67K as Miners Rally; XRP Leads Altcoins
The digital asset market experienced a significant turnaround on Monday as Bitcoin (BTC) recovered from an early decline to nearly $65,000 and surged to the $67,000 level within three days. This price level was...
Bitcoin Miners Profit from BTC Rally as Crypto Exchange Transfers Surge
Bitcoin miners have been taking advantage of the recent rally in BTC prices, with a significant amount of BTC transfers from mining pools to exchanges totaling $209 million. This surge in transfers coincided with...