Hut 8 Mining announced that it is prepared to acquire assets from Validus Power Corp. as the latter faces insolvency, according to an Aug. 11 statement. Hut 8 Mining, a North American digital asset mining company, has entered a transaction “support agreement” with Macquarie Equipment Finance Ltd over energy supplier Validus. Previously, Validus supplied energy The post Hut 8 Mining eyes asset acquisition as energy supplier faces insolvency appeared first on CryptoSlate.

Visa is taking significant strides toward simplifying blockchain transactions. In what could be a game-changer for users, the payment giant has been working on an experimental solution that allows for the payment of on-chain gas fees with a Visa card. Mustafa Bedawala, a product manager at VISA, shared the publication while detailing a perceived problem The post Visa introduces way to pay gas fees with your credit card appeared first on CryptoSlate.

The blockchain cybersecurity firm, CertiK, has reportedly been instrumental in uncovering critical security vulnerabilities in Apple’s latest iPhone operating system (iOS) update. CertiK’s contributions were explicitly related to two security vulnerabilities in Apple’s iOS kernel, which were confirmed to affect the latest iOS devices. According to Apple’s official security update page, these vulnerabilities would have The post CertiK’s crypto security reviews uncover critical vulnerability in Apple iOS appeared first on CryptoSlate.

The Bitcoin Mining Council (BMC) reported significant strides in sustainable power usage and technological efficiency in Bitcoin mining, according to the findings of its survey for the first half of 2023. These findings underscore the growing focus on ecological responsibility within the Bitcoin industry, a narrative that merges technological advancement with sustainability. BMC statistics H1 The post 63% renewable energy used by Bitcoin Mining Council making up 43% of global mining network appeared first on CryptoSlate.

Riot, a key player in the Bitcoin mining sector, reported overall revenue of $76.7 million in its financial results for the quarter ending June 30, 2023. This result underscores Bitcoin miner resilience in an unpredictable market, with a significant part of its achievement attributed to a 27% increase in Bitcoin production, as opposed to the The post Riot spends just $8.3k to mine 1 BTC as it looks to triple production by 2025 appeared first on CryptoSlate.