Why so many bitcoin mining companies are turning to AI
In recent times, many Bitcoin mining companies have turned toward artificial intelligence. This phenomenon is due to several reasons that are driving these companies to diversify their businesses and adopt AI as a new direction. First, the Bitcoin mining industry
Bitcoin miner Riot Platforms raises stake in rival Bitfarms to 18.9%
By Jaiveer Singh Shekhawat (Reuters) - Bitcoin miner Riot Platforms said on Tuesday it had increased its stake in rival Bitfarms to 18.9%. Riot acquired 1 million common shares of Bitfarms on Tuesday, representing about 0.22% of issued and outstanding Bitfarms common
Bitcoin, ether sink to multi-month lows as recession worries take hold
By Ankur Banerjee, Surbhi Misra and Ira Iosebashvili (Reuters) - Bitcoin and ether tumbled on Monday to multi-month lows as worries over a possible U.S. recession in the wake of soft data gripped financial markets and triggered a rush to safe-haven
Bitcoin soars to two-week high after Trump attack
By Ankur Banerjee and Rae Wee SINGAPORE (Reuters) - Bitcoin surged to a two-week high on Monday after the attempted assassination of U.S. presidential candidate Donald Trump raised the odds of the former president, who has presented himself as a champion
Block to add more bitcoin to its treasury, lifts annual forecast
By Arasu Kannagi Basil (Reuters) - Block lifted its full-year adjusted core earnings forecast on Thursday and revealed plans to add more bitcoin to its balance sheet, as the Jack Dorsey-led firm bets big on the cryptocurrency. Shares of the company jumped
Bitcoin ‘halving’ has taken place, CoinGecko says
By Elizabeth Howcroft LONDON (Reuters) - Bitcoin, the world's largest cryptocurrency, on Friday completed its "halving," a phenomenon that happens roughly every four years, according to according to CoinGecko, a cryptocurrency data and analysis company. Bitcoin was fairly stable immediately afterward, falling
What is bitcoin’s ‘halving’, and does it matter?
By Elizabeth Howcroft and Tommy Reggiori Wilkes, LONDON (Reuters) - As bitcoin's price reaches new heights, attention is turning to its upcoming "halving" and whether it is playing a role in its ascent. Depending on where you sit, the halving is a
Cryptoverse: Asian traders give bitcoin blast-off
By Jihoon Lee and Jaspreet Kalra SEOUL/MUMBAI (Reuters) - Bitcoin's runaway rally is being driven by investors in Asia. Traders in South Korea, China and other Asian countries are responsible for roughly 70% of bitcoin trading volumes, much like they were
US EIA could request bitcoin power use survey under longer timeline
By Laila Kearney NEW YORK (Reuters) - The U.S. Department of Energy's statistical arm may seek a new survey of bitcoin mining electricity use, which will include a longer approval process, after cancelling its emergency data request following a lawsuit brought