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CleanSpark’s $155 million acquisition of GRIID Infrastructure highlights Bitcoin miner’s struggles
CleanSpark’s $155 million acquisition of GRIID Infrastructure highlights Bitcoin miner’s struggles

Share link:In this post: CleanSpark has acquired rival miner GRIID Infrastructure for $155 million. The acquisition highlights the consolidation happening the Bitcoin mining sector as miners struggle. BTC hashrate now down to lowest since March, signalling miners capitulation.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation w

Cryptopolitan·2024/06/27 19:25
Spot Ethereum ETFs Could Launch Next Week, Minor Issues Remain: Report
Spot Ethereum ETFs Could Launch Next Week, Minor Issues Remain: Report

Approval of spot Ethereum ETFs is likely “not more than a week or two away.”

Cryptopotato·2024/06/27 19:04
Flash
  • 09:36
    Executive Director of Trump's Digital Asset Advisory Board: The significance of Bitcoin strategic reserves lies in the recognition of BTC value
    Bo Hines, the executive director of Trump's Digital Assets Advisory Committee, released his interview content on the X platform. In it, he explained the importance of America's Bitcoin strategic reserve. He stated that Trump launched a Bitcoin strategic reserve to accumulate assets for Americans rather than plundering them. At the same time, the significance of a Bitcoin strategic reserve lies in recognizing BTC's value. Since there is a limited amount of Bitcoins available, this could potentially trigger a global competition for asset accumulation.
  • 09:28
    Amazon AWS: Some EC2 instances experienced connection issues, now restored to normal
    News on April 15th, Amazon AWS released an update stating that between 12:40 and 1:43 Pacific Time, some EC2 instances in a single availability zone (apne1-az4) located in the Asia-Pacific Northeast-1 region (AP-NORTHEAST-1) experienced connection issues. The problem originated from simultaneous interruptions of the main power supply and backup power supply, affecting the normal operation of related EC2 instances. During this period, customers may encounter higher error rates and delays on instances launched within the affected area, and some other AWS APIs dependent on these EC2 instances may also be affected. Our engineers intervened automatically within minutes and immediately began investigating and implementing corrective measures. We do not believe this issue will occur again. Currently only a very small number of instances are still deployed on hardware affected by the power outage. Efforts will continue to restore all affected instances and volumes, but for immediate recovery, it is recommended to replace these yet-to-be-recovered instances or storage volumes as much as possible. This issue has now been resolved with services back to normal operation.
  • 09:15
    El Salvador only has 20 active Bitcoin Service Providers (BSPs)
    According to Bitcoin.com News, records from the Central Reserve Bank of El Salvador show that only 20 out of the country's 181 registered Bitcoin Service Providers (BSPs) are actively operating, accounting for just 11%. This includes the official digital wallet Chivo, which is set to be dissolved according to an agreement reached between the government and the International Monetary Fund (IMF). Despite being one of the first countries to open its doors to bitcoin and cryptocurrency services, interest in these solutions has remained low among local residents.
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