Blockchain

Large Bitcoin mining companies have made large losses, but continue to take out loans and refinance.

Celsius Network, a New Jersey-based crypto lending services provider, announced on Wednesday that it has filed for Chapter 11 bankruptcy.

Meta's Novi money transfer app, the last dregs of its Libra cryptocurrency project, is being shut down

Exceptions include renewable-powered facilities and non-Proof of Work expansions.

Ethereum core developer Preston Van Loon expects Ethereum's The Merge event to occur in August, locking GPU mining out of the ecosystem - and potentially saving next-gen GPU launches.

BTC is 30% down in 2022 do far, and 50% down from its record high in Q3 2021. Analysts see a resistance line at $30,000 and if you have BTC investments you will want that line to hold.

Intel's announcmeent of its Blockscale ASICS for cryptocurrency mining promise sustainable, power-efficient circuits for the blockchain market, with no impact on semiconductor availability.

A few more months delay

A hacker has successfully siphoned $625 million from Ronin, a sidechain for popular blockchain-based game Axie Infinity, by compromising five out of its nine validator nodes.

ASRock purportedly worked closely with AMD on this server design and it can achieve 610 MH/s. However, it costs $14,800 as the ETH blockchain transition away from GPU mining looms.