Emerging economies like Vietnam, India and Indonesia are leading the charge when it comes to cryptocurrency adoption, underscoring important use cases for digital assets tied to remittances and financial inclusion. Finder’s survey of 42,000 people across 27 countries revealed that Vietnam had the highest adoption rate, with 41% of respondents claiming they had purchased cryptocurrency. Twenty percent of Vietnamese said they had purchased Bitcoin (BTC), which was the highest among all countries polled. Although Vietnam’s strong outperformance may appear surprising at the surface, Finder’s survey corroborated other data showing that the southeast Asian country is punching above its weight when …

The Pennsylvania-based Stronghold Digital Mining has announced the completion of two private equity securities raises worth $105 million. According to an announcement shared with Cointelegraph, the firm’s first power generation facility, the Scrubgrass Generation Plant in Venango County, converts waste coal into energy on a scale equivalent to “a large-scale hydropower plant” that is then used to mine Bitcoin and other cryptocurrencies. The waste coal recycled by Stronghold was produced by coal mining operations in the 19th and 20th century. Stronghold's power generation processes allow it to rehabilitate large areas of land that were devastated as a result by waste …

Edward Evenson, head of business development at Slush Pool owner Braiins, reported that a large number of Chinese Bitcoin (BTC) mining machines equivalent to Quebec’s entire output will be moving to North America and Europe. For those interested in the #Bitcoin mining news coming out of China I’ve had 300-400MW of mining machines contact me to help them distribute their machines across NA and some parts of EU. Some have also begun shipping machines to Kazakhstan. — Edward Evenson (@WillHash4Coins) May 27, 2021 In a Twitter thread on Friday, Evenson revealed that some Chinese BTC miners also have their eyes …

Castle Island Ventures’ Nic Carter doesn’t think Elon Musk is the right person to lead the “clean Bitcoin“ debate, “possibly not as far as the Bitcoin community is concerned.” He told Bloomberg, “Bitcoiners are still intensely skeptical of Musk, and they view him as conflicted, given that his business partially involves the sale of offsets.” However, asking for Bitcoin miners to be more transparent about their energy mix is a good proposal no matter who it’s coming from, Carter stressed, alluding to the recently formed Bitcoin Mining Council. Bitcoin (BTC) is a decentralized synthetic commodity that is very resistant to …

The Nasdaq-listed Bitcoin (BTC) mining company Bit Digital has announced it will issue $13.9 million in shares in exchange for mining hardware. According to a Nov. 11 announcement, Bit Digital has inked asset-purchase agreements with non-U.S. investors to issue 4,344,711 shares valued at $3.20 each in exchange for Bitcoin miners boasting a combined hash power of 1,000 petahashes per second, or 1 exahash per second. Bit Digital launched its BTC mining business in February 2020, quickly amassing 1,250 PH/s in power by October. The additional miners will nearly double Bit Digital’s operational hashing power once installed. The company also expects …

Nevada-based cryptocurrency mining firm Marathon Patent Group has announced the purchase of 10,000 Antminer S-19 Pro ASICs as part of its plan to become the largest mining firm in North America. The publicly traded firm announced the purchase on Oct. 26, revealing plans to command an operational hash rate of 2.56 exahashes per second (EH/s) in July 2021 — equal to 1.9% of the current hashing power of the entire Bitcoin network. The firm had previously ordered 10,500 S19 Pros to bolster its existing operation of 2,560 units. With the exception of 500 miners set to arrive in November of …

China’s crypto mining giant Bitmain has entered a new partnership to streamline its operations in North America. As Bitmain officially announced on Sept. 10, the company has officially partnered with Foundry, a wholly-owned crypto mining subsidiary of major cryptocurrency firm, Digital Currency Group, or DCG. Within the partnership, Foundry will provide financing to Bitmain’s end customers in North America. According to Bitmain, obtaining financing is more difficult for crypto miners than for firms in other industries. Foundry, in its turn, will help “ship a significant number of machines into North America this year,” according to Su Ke, the global sales …

Bitcoin (BTC) is the most popular cryptocurrency for trading in every region of the world, but North American investors are the cryptocurrency’s biggest fans, a new report says. On Aug. 6, major crypto analytics firm Chainalysis published a report devoted to key trends in the North American crypto market. According to the report, North American investors “disproportionately favor Bitcoin” over other cryptocurrencies like Ether (ETH) or XRP. Bitcoin represents 72% of all crypto trading in North America While Bitcoin is the most traded crypto in the world, North America accounts for 72% of all of the asset’s transaction volume, the …

United States firm, Marathon Patent Group, announced that it installed 700 units of Bitcoin (BTC) mining application-specific integrated circuit, or ASIC, units. According to a June 3 announcement, Marathon Patent Group installed 700 Whatsminer M30S+ ASICs produced by MicroBT. The company is also reportedly waiting for a delivery of 1,160 AntminerS19 Pro units produced by leading mining ASIC producer, BitMain. In late March, Bitmain announced that it sold the first batch of Antminer S19s and S19 Pros within 24 hours after starting to accept orders. On June 1, the firm also announced the launch of its newest Antminer T19 features …

Global Container Terminals (GCT), a container terminal operator in North America, has joined Maersk and IBM's blockchain shipping tool TradeLens. Adding four Canadian and U.S. terminals to the platform As part of the initiative, Vancouver-based GCT will gradually roll out the blockchain-based platform at the four terminals it operates, the firm said in a press release on Oct. 17. GCT wants to use the platform to improve visibility on the cargo supply chain to the east and west coasts of North America. The platform will establish a secure interconnection between all members of the supply chain, including ocean carriers, cargo …

Researchers at crypto analytics firm LongHash have found 1 AM UTC to be the hour of greatest volatility for Bitcoin (BTC) over the past two years. 1 AM UTC had more daily highs and lows than any other hour of the day over a period from 2017 to 2019, according to research released by LongHash on July 17. LongHash’s research is based on crypto price archives from major American crypto exchange and wallet service Coinbase. The firm collected data from Crypto Data Download about Coinbase prices over the period from July 6, 2017 to July 2, 2019 and analyzed hourly …

An American survey conducted by the Boston Retail Partners, suggests that 8% of North American retailers are planning on accepting Bitcoin within 12 months, and 5% within 1 to 3 years. Boston Retail Partners' annual POS/Customer Engagement Benchmarking Survey, polled more than 500 top North American retailers in November and December 2014, to gain insight into their planned initiatives, priorities and future trends. The report indicated that Apple Pay and Paypal, will lead the payment market in 2016, with 30% of the respondents having plans to adopt the former, and 18%, the ladder. Apple Pay is designed to utilize tokenisation …