Bitcoin miners earned over $2 billion in March, reaching a new all-time high. According to The Block analytics, the previous all-time high was reached in May 2021, when miners’ total income amounted to $1.7 billion. Miners’ earnings consist of rewards for mined blocks and transaction fees on the Bitcoin network. Of the total revenue in March, $85.8...
Bitfinex warns of potential centralization of mining power amid concerns over the upcoming Bitcoin’s halving, which could increase financial pressure on small miners. Bitcoin’s upcoming fourth halving scheduled for around Apr. 20 might force smaller miners to exit the market, with remaining mining operations likely to be accessible only by publicly traded miners. According to a recent report by Bitfinex, the...
KOTA KINABALU: Sabah has done well in attracting domestic and foreign investments with some RM10.2bil recorded from January to September this year, says Datuk Seri Hajiji Noor. The Chief Minister said these investments had created 891 jobs through 99 projects. He said this represented 13 projects from the manufacturing sector, seven from the primary sector (mining, plantation...
BEIJING (AFP): Twenty-six people have died and dozens were sent to hospital after a fire tore through a building in northern China's Shanxi province on Thursday (Nov 16), state media reported. The fire started at a four-storey building belonging to the Yongju coal company in Shanxi province's Luliang city at around 6.50am local time, state media...
KUALA LUMPUR: An assistant to a company owner has been detained by the Malaysian Anti-Corruption Commission (MACC) in its probe into rare earth elements (REE) mining in Kedah. Sources said the man, in his 50s, was detained at about 10pm on Thursday (July 20) at the MACC headquarters in Putrajaya. The remand application was made on Friday...
