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Bitcoin miners get into AI to survive halving

by Ev Richard
Bitcoin miners get into AI to survive halving

AUSTIN, TEXAS — Adam Sullivan left investment banking to mine bitcoin at an awkward time. It was May 2023, bitcoin was trading at around $21,000, U.S. regulators were in the …

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Categories Technology

Bitcoin network completes fourth-ever ‘halving’ of rewards to miners

by Ev Richard
Bitcoin network completes fourth-ever ‘halving’ of rewards to miners

The Bitcoin network on Friday evening completed its fourth “halving,” reducing the rewards earned by miners to 3.125 bitcoins from 6.25. The price of bitcoin has been volatile ahead of …

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Categories Technology

Bitcoin tumbles $5,000 in 24 hours as interest rates jump

by Ev Richard
Bitcoin tumbles ,000 in 24 hours as interest rates jump

A bitcoin is on a screen showing the Bitcoin-U.S. dollar exchange rate. Fernando Gutierrez-Juarez | picture alliance | Getty Images Bitcoin fell for a second day to start the new month …

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Categories Technology

Texan bitcoin miner Giga partners with Phoenix Global in Argentina

by Ev Richard
Texan bitcoin miner Giga partners with Phoenix Global in Argentina

Brent Whitehead and Matt Lohstroh at the first unit they built in east Texas. Matt Lohstroh The Argentine province of Mendoza is famous for its vineyards and full-bodied Malbecs. But …

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Categories Technology

Bitcoin jumps 6%, verges on $70,000 to start the week

by Adrian Jhonsan
Bitcoin jumps 6%, verges on ,000 to start the week

Nicolas Economou | Nurphoto | Getty Images Bitcoin spiked to start the final week of March, reclaiming the $69,000 level. The price of the flagship cryptocurrency was last higher by …

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Categories World

Bitcoin briefly slumps below $63,000 after hitting $73,000 last week

by Ev Richard
Bitcoin briefly slumps below ,000 after hitting ,000 last week

Standard Chartered predicts bitcoin could fall to $5,000 in 2023 as part of its research on potential market surprises next year. Nurphoto | Getty Images Bitcoin extended its slide on …

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Categories Technology

Cryptocurrencies recover after bitcoin retreats from new record

by Ev Richard
Cryptocurrencies recover after bitcoin retreats from new record

Selim Korkutata | Anadolu Agency | Getty Images Cryptocurrencies bounced on Wednesday, recovering much of the losses from the previous day’s sell-off, which came soon after bitcoin hit an all-time …

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Categories Technology

Bitcoin tops $65,000 as it nears 2021 all-time high

by Ev Richard
Bitcoin tops ,000 as it nears 2021 all-time high

Jaap Arriens | NurPhoto | Getty Images The price of bitcoin rose to start the week, edging even closer to its all-time high after the rally took a breather over …

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Categories Technology

Bitcoin rips through $54,000 for the first time since December 2021

by Ev Richard
Bitcoin rips through ,000 for the first time since December 2021

Bitcoin. Nurphoto | Getty Images The price of bitcoin shot above the $54,000 level on Monday after waking up from a week of tepid trading. The flagship cryptocurrency was last …

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Categories Technology

Bitcoin extends its gains, breaking through the $50,000 level

by Ev Richard
Bitcoin extends its gains, breaking through the ,000 level

Jaap Arriens | NurPhoto | Getty Images Bitcoin jumped above $50,000 Monday, at one point reaching its highest level in more than two years. The price of the flagship cryptocurrency …

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Categories Technology
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