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☆ Bitcoin miners brace for impact as halving goes live
▼ + stars: | 2024-04-21 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +17 min

The technical event is relatively simple: Bitcoin miners get paid in bitcoin to validate transactions, and after 210,000 blocks of transactions are computed and added to the main chain, the reward given to the miners securing bitcoin is 'halved.' The aggregate market cap of the 14 U.S.-listed bitcoin miners tracked by JPMorgan analysts declined 28% over the first half of April to $14.2 billion, reaching year-to-date lows. Some have billed the 2024 bitcoin halving as a seminal moment for the mining sector. Marathon, along with other mining firms, has begun diversifying its business model into ancillary operations beyond purely bitcoin mining. Sullivan continued, "Bitcoin mining sites can only be repurposed if they meet the attributes that are required for HPC.

Persons: AUSTIN , TEXAS — Adam Sullivan, bitcoin, Sullivan, they'll, it's, Core's Sullivan, Bitdeer, Needham, Haris Basit, Basit, Cantor Fitzgerald, Greg Beard, Beard, Bitdeer's, Jason Les, Les, Fred Thiel, Capex, Thiel, Stronghold's Beard, Nic Carter, Blackrock, Bill Barhydt, Barhydt, Island's Carter isn't, Carter, CoinShares Organizations: bitcoin, CNBC, JPMorgan, Cipher, Bitdeer Technologies, Mining, Miners, Riot, Island Ventures, Circuits, Nvidia, CoreWeave, Bitcoin, HPC Locations: AUSTIN , TEXAS, Texas, bitcoin, U.S, Rockdale , Texas, Singapore, Bitcoin, Hong Kong, Abra, Europe, Dalton , Georgia, North America

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin slumps after U.S. job growth beat expectations in March: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Fred Thiel, CEO of Marathon Digital Holdings, discusses how the bitcoin miner is preparing for the halving.

Persons: explainers, Fred Thiel Organizations: CNBC Crypto, CNBC, Marathon Digital Holdings

☆ Large-scale bitcoin miners are competing head on with AI companies for power: Marathon Digital CEO
▼ + stars: | 2024-03-22 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLarge-scale bitcoin miners are competing head on with AI companies for power: Marathon Digital CEOFred Thiel, Marathon Digital CEO, joins 'Closing Bell Overtime' to discuss volatility in bitcoin, the state of bitcoin mining, power needs for bitcoin mining and more.

Persons: Fred Thiel Organizations: Marathon

☆ Bitcoin ETFs will bring about a 'flood of liquidity' to the market, says Fred Thiel
▼ + stars: | 2024-02-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin ETFs will bring about a 'flood of liquidity' to the market, says Fred ThielFred Thiel of Bitcoin mining company Marathon Digital discusses why he thinks Bitcoin ETFs are a good thing for the cryptocurrency's market and says he expects it to behave in a similar manner to gold's as it matures.

Persons: Fred Thiel Fred Thiel Organizations: Marathon

☆ Marathon Digital discusses court ruling in favor of Grayscale over SEC
▼ + stars: | 2023-08-31 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere are bitcoin ETF applications that should be approved with Grayscale's conversion: CEOFred Thiel, CEO of Marathon Digital, discusses the U.S. Court of Appeals' decision to side with Grayscale in a lawsuit against the Securities and Exchange Commission, which had denied the company's application to convert the Grayscale Bitcoin Trust to an ETF. He says "there are a number of very high-quality ETF applications — BlackRock, Fidelity, etc. — which really should be approved along with the Grayscale conversion to an ETF."

Persons: Fred Thiel Organizations: Marathon, ., Appeals, Securities and Exchange Commission, BlackRock, Fidelity

☆ This is why miners are selling their bitcoin at levels not seen since 2019
▼ + stars: | 2023-07-11 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

Selling volume by miners hit its highest level Friday since March 2019, according to blockchain data firm Glassnode. The day BlackRock filed for a spot bitcoin exchange-traded fund , selling volume jumped to its highest level since September 2017. This selling behavior, implied by miners moving mined bitcoin to exchanges, began at the end of May. Miner selling shouldn't weigh significantly on the price of bitcoin price, however, according to Thiel. "Bitcoin miners' operating costs are fairly fixed, meaning that you're paying a fixed price for your electricity — that's what drives your marginal cost of production," he said.

Persons: bitcoin, it's, they're, Fred Thiel, Thiel, there's, it'll Organizations: BlackRock, Miners, Marathon, Standard Chartered, Chartered

☆ Workers Continue to Get Priced Out of the Hamptons
▼ + stars: | 2023-05-25 | by ( Heather Senison | ) www.nytimes.com time to read: +1 min

For decades, residents and seasonal visitors to the Hamptons and other towns on the East End of Long Island have braced for spending summer mornings and evenings in the “trade parade,” the congested procession of contractors, hospital staff and other workers who commute to the East End to work every day. Priced out of the area, many workers have long lived up-island in less expensive locales like Manorville and Mastic-Shirley, forced to commute for hours each day. Fewer and fewer workers are willing to endure wall-to-wall traffic for low-wage jobs, punctuating the longtime dilemma that the workers who keep the North and South Forks running cannot afford to live there. “I don’t throw the word crisis around very easily, but it’s at that point,” said Fred Thiele Jr., a state assemblyman whose district includes Southampton. The staffer moved in with her boyfriend, he said, “but for a lot of people in that situation, they didn’t have options."

☆ Native Burial Sites Will Soon Be Protected Under Law for the First Time
▼ + stars: | 2023-05-02 | by ( Jay Root | ) www.nytimes.com time to read: +1 min

For years, New York law permitted developers to built atop Native American burial sites without taking steps to preserve the ancient remains, making the state one of only four with no meaningful protection for graves on private lands. But that is set to change thanks to a provision included in the state budget deal Gov. The new law now heads to the governor, and she is expected to sign it this week. “This is a major victory for Native Americans across the state of New York,” said Assemblyman Fred Thiele, a Long Island Democrat and author of the bill. And when a grave protection bill finally passed last year with unanimous approval, Ms. Hochul vetoed it, saying it stripped landowners of their property rights.

☆ Ether crosses $2,000, and Twitter teams up with eToro for crypto trading: CNBC Crypto World
▼ + stars: | 2023-04-13 | by ( Tanaya Macheel | Jordan Smith | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEther crosses $2,000, and Twitter teams up with eToro for crypto trading: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Fred Thiel of Marathon Digital Holdings discusses crypto mining's energy use.

☆ China continuă războiul împotriva Bitcoin și impune o nouă măsură pentru a elimina tranzacțiile cu criptomonede
▼ + stars: | 2021-07-08 | by ( ) www.jurnal.md time to read: +3 min

Sursa foto: GettyImagesChina continuă războiul împotriva Bitcoin și impune o nouă măsură pentru a elimina tranzacțiile cu criptomonedeBanca centrală a Chinei a anunţat că a închis o companie care „era suspectată de furnizarea unor servicii software pentru tranzacţii cu monede virtuale”. Totodată, biroul din Beijing al Băncii Populare a Chinei a avertizat instituţiile cu privire la oferirea unor servicii alternative asociate cu monedele digitale, precum furnizarea de spaţii comerciale şi servicii de marketing, potrivit CNBC. De altfel, luna iunie a fost martora unor arestări în masă ale unor oameni suspectaţi de utilizarea criptomonedelor în moduri frauduloase. O altă ipoteză spune că Beijingul încearcă să bată terenul pentru propriul său yuan digital, o monedă virtuală a băncii centrale care a început să fie dezvoltată încă din 2014. Astfel, un factor de motivaţie al Beijingului ar consta în oprirea ieşirilor de capital prin intermediul criptomonedelor şi aşa-numitelor „stablecoins” – monedele digitale ancorate de monedele suverane, precum Libra a Facebook.

Persons: Beijingul, situaţia, Fred Thiel, crypto, susţine Nic Carter, Carter Organizations: Chinei, Mediafax, Marathon Digital Holdings, Castle Island Ventures, Facebook Locations: China, Chinei, Beijing, ţara, Marathon, Libra

☆ China continuă războiul cu Bitcoin și impune o nouă măsură pentru a elimina tranzacțiile cu criptomonede
▼ + stars: | 2021-07-07 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +3 min

Banca centrală a Chinei a anunţat că a închis o companie care „era suspectată de furnizarea unor servicii software pentru tranzacţii cu monede virtuale”. Totodată, biroul din Beijing al Băncii Populare a Chinei a avertizat instituţiile cu privire la oferirea unor servicii alternative asociate cu monedele digitale, precum furnizarea de spaţii comerciale şi servicii de marketing, potrivit CNBC. De altfel, luna iunie a fost martora unor arestări în masă ale unor oameni suspectaţi de utilizarea criptomonedelor în moduri frauduloase. O altă ipoteză spune că Beijingul încearcă să bată terenul pentru propriul său yuan digital, o monedă virtuală a băncii centrale care a început să fie dezvoltată încă din 2014. Astfel, un factor de motivaţie al Beijingului ar consta în oprirea ieşirilor de capital prin intermediul criptomonedelor şi aşa-numitelor „stablecoins” – monedele digitale ancorate de monedele suverane, precum Libra a Facebook.

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