Author: Shirley J. Tracy
On the 30th of December, Compass Mining, a Bitcoin mining hardware firm, announced that it won around $1.5 million judgment in court this week after a contentious fight with hosting provider Dynamics Mining. In June this year, Dynamics Mining, a Kentucky-based mining firm, said that Compass had failed to pay utility and hosting bills tied to a facility in Maine. And Compass terminated its hosting agreement, Dynamics alleged. Compass Mining sells hardware that customers can use to mine Bitcoin. Moreover, it also provides hosting for power-intensive machines through partnered facilities. Compass filed a lawsuit against Dynamics, and in a blog…
Stepping into the year 2023, Australia became the 4th largest crypto ATM hub with a total record 216 crypto ATM installations. With the latest number of 216 crypto ATMs, Australia overtakes El Salvador, the first country in the world that make Bitcoin a legal tender in the country, leaving it behind in the race of adopting the cryptocurrency and its related products. In 2021, as part of El Salvador’s drive to establish Bitcoin as a legal tender, the country’s President Nayib Bukele had planned to install over 200 crypto ATMs across the country. At that time, this move from the…
A Bitcoin advocate and one of the industry’s best-known names believes that the crypto winter, which has affected the price of cryptocurrencies and led firms to the verge of bankruptcy, won’t end in 2023. On the 30th of December, in a blog post, David Marcus, the founder & CEO of Bitcoin firm Lightspark, indicated that Bitcoin, the largest cryptocurrency in the market, and crypto market will need until at least 2024 to heal from the abuse of unscrupulous players. This blog post from David is a kind of his outlook for the coming years. In the 2022 crypto winter, the…
On the 29th of December, in a blog post, Nic Carter, a Bitcoin advocate, shared an in-depth analysis of centralized exchange proof-of-reserves. In the blog post, Nick also ranked the attestations provided by some of the most prominent crypto trading platforms in the industry. In the blog post, Nick shared a detailed examination of the quality of several exchanges’ proof-of-reserves, also known as PoR. For correct examination, the Bitcoin advocate used several parameters, such as attestation to assets held and a disclosure of liabilities, demonstrating credibility by taking a PoR for all assets and incorporating a third-party auditor. Nick also…