If inflation continues to climb at current rates or faster, “you’re going to see, I think, some panic selling,” Moya predicts. “Typically, when we have a major risk reversal on Wall Street, because bitcoin has been one of the most profitable trades out there, you’ll probably see some weakness. So, at some point, within the next few months, you’ll have a decent pullback, maybe … [Read more...] about Will the Holiday Season Bring Gifts or a Lump of Coal for Bitcoin Investors?
Coal
US miner raises $105M to recycle waste coal into crypto
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” … [Read more...] about US miner raises $105M to recycle waste coal into crypto
Illegal coal extraction in China spurred Bitcoin mining ban
Rising cases of illicit coal extraction played a part in the recent Bitcoin mining ban in China, a report on business outlet Bloomberg said today. An estimated 65% of the world’s Bitcoin mining took place in China as of April last year.Climate warriorOfficials of the country said last week they would target and ‘ban’ miners after rising energy and climatic concerns amidst … [Read more...] about Illegal coal extraction in China spurred Bitcoin mining ban