In Brief Arkham uncovers a 2020 hack on LuBian mining pool involving 127,426 BTC. The stolen Bitcoin is now worth $14.5 billion, making it the biggest crypto hack ever. LuBian never disclosed the breach; funds remain with the hacker to this day. A massive Bitcoin heist from December 2020 has just been exposed, making it…
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In Brief The US now controls 75.4% of global Bitcoin mining, overtaking China’s previous dominance. Despite a crypto ban, sources report that China still holds 15% of global Bitcoin hashrate, with its infrastructure intact. China may adjust its crypto policies, balancing de-dollarization efforts with its long-standing anti-crypto stance. A recent Cambridge report confirms that the…
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In Brief Senator Ted Cruz has entered the Bitcoin mining industry by acquiring and operating three Bitcoin miners in Iraan, Texas. Marathon Digital CEO Fred Thiel praised Cruz for his initiative, highlighting its importance in securing the Bitcoin network. Meanwhile, Oklahoma has passed House Bill 1600 to provide tax credits to digital asset mining operations…
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In Brief Marathon Digital has signed an $80 million agreement with Kenya’s Ministry of Energy and Petroleum. This initiative supports the firm’s strategy to diversify its operations amidst rising Bitcoin mining difficulty. Crypto stakeholders suggest that the Marathon’s move points to the future of Bitcoin mining activities. Marathon Digital, a Bitcoin mining firm, signed an…
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In a nutshell The European Commission is purportedly intending to mark Bitcoin as naturally destructive and a danger to EU energy security. The EC’s proposed measures incorporate carbon charges and the expert for the ECB to make ESG rules around Bitcoin ventures. ESMA has stated that it will advocate for the report to become the…
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