In major crypto news this week, Russia’s Ministry of Justice has unveiled a draft bill proposing harsh criminal penalties for unregistered crypto miners, as officials intensify their crackdown on illegal mining operations. The move underscores the government’s push to formalize the country’s fast-growing digital asset industry and enforce taxation on blockchain-based activities. According to the new amendments to Russia’s…
Bitcoin mining difficulty a vital metric ensuring the security, scarcity, and price resilience of BTC has reached an all-time high (ATH) of 127.6 trillion this week. However, current network data projects a slight decline in difficulty during the upcoming adjustment on August 9, providing a shift that could be significant for miners and the broader…
Bitcoin mining companies are embracing a new era of high-performance computing (HPC) as they adapt to changing market dynamics. Bitzero, a leader in this strategic transition, has secured $25 million in fresh funding to strengthen its data center and HPC operations, focusing on both profitability and environmental responsibility. Bitzero’s Strategic Shift: From Bitcoin Mining to…
