DeFI News by Thebittimes.Com

Bluzelle (BLZ) announced the launch of Curium on February 22, a new miner pool app offering a user-friendly node technology compatible with all major computing platforms, including computers and mobile devices. Signaling the platform’s commitment to accessibility and democratization of crypto, the new intuitive storage node technology is set to enable individuals worldwide to contribute storage space and bolster the security of Bluzelle’s layer 1 chain, all while earning BLZ tokens as compensation, as per info shared with Finbold. What does Curium bring to the table? Compatible with Windows, Mac, Linux, Android, and iOS, the Curium app promises to streamline participation in the decentralized infrastructure network.  Picked for you Zengo wallet integrates Transak 19 mins ago Top SEC anti-crypto lawyer jumps ship, defects to a crypto law firm 29 mins ago ECB slams Bitcoin ETFs as ‘the naked emperor’s new clothes’ 1 hour ago 3 cryptocurrencies to tu...

Analysts are speculating that the Bitcoin hash rate has seen a big spike recently as miners come back online to reap the rewards of the BTC price hike. Bitcoin's (BTC) hash rate spiked to all-time highs of 398 exahash on March 23, and analysts have been speculating miners are starting to turn their rigs back on as the Bitcoin price rises. According to data aggregator YCharts the Bitcoin network hash rate has dropped to 344.63 as of March 27, an increase from 335.32 on March 26 but it is still up from 178.77 one year ago. In a March 26 post, Sam Wouters, a research analyst at Bitcoin (BTC) financial service provider River Financial, speculated the spike in hash rate is connected to unused mining inventory coming online, new facilities going live, and entrepreneurs finding cheap sources of mining. Bitcoin's hashrate touched 400 Exahash. At the current growth rate in 2023, we'd reach a Zettahash by the end of 2025. I'm getting questions and concerns from people. Where i...

The lawsuit escalates a months-long dispute between the crypto miner and one of its energy suppliers in Canada. Canada-based Bitcoin (BTC) miner Hut 8 Mining Corporation has ramped up its ongoing fight with its power supplier for one of its mining sites, filing a lawsuit in a Canadian court. Hut 8 said on Jan. 26 it filed a Statement of Claim in the Superior Court of Justice of Ontario against Validus Power, an energy supplier for a Hut 8 mining facility in North Bay, Ontario. The firms have been in an ongoing dispute since early November 2022 due to what Hut 8 alleges is a failure by Validus to “meet its contractual obligations” for the power purchase agreement (PPA). In its new lawsuit, Hut 8 is seeking “monetary damages incurred as a result of the dispute” and enforcement of certain provisions as per the agreement signed by the two companies. Hut 8 and Validus started working together in late 2021 with Validus initially providing 35 megawatts (MW) of power to North Bay, but was sl...