Bitcoin Miners Are Stressed Out
Bloomberg Crypto12 Jan 2023

Bitcoin Miners Are Stressed Out

It’s been a tough winter for Bitcoin miners. As prices of the largest token have fallen from their record highs, there have been bankruptcies and warnings of potential bankruptcy. Billions of dollars in losses. Forced sales of equipment. Regulatory uncertainty in states like New York. Increased criticism of the energy consumption associated with the sector…the list goes on.

One miner even changed its name to try to minimize its association with the sector. The company formerly known as Riot Blockchain changed its name to Riot Platforms after seeing its share price fall around 85% in 2022. So what hope is there for Bitcoin miners in 2023?

Bloomberg reporter David Pan and Mason Jappa, CEO and co-founder of mining services company Blockware Solutions join the show.

Subscribe to the Bloomberg Crypto Newsletter at https://bloom.bg/cryptonewsletter

This podcast is produced by the Bloomberg Crypto Podcast team: Supervising producer: Vicki Vergolina, Senior Producer: Janet Babin, Producers: Sharon Beriro and Muhammad Farouk, Associate Producers: Mo Andam and Ty Butler. Sound Design/Engineer: Desta Wondirad.

See omnystudio.com/listener for privacy information.

Avsnitt(224)

Cautious Optimism for UK Crypto Investors

Cautious Optimism for UK Crypto Investors

In January 2020, the United Kingdom officially withdrew from the European Union. The fallout from Brexit, as we all came to know it, is still being measured across all industries. Some analysts predic...

10 Juni 202218min

Can DeFi Survive the Hacks?

Can DeFi Survive the Hacks?

In March of 2022, hackers stole about $600 million from a crypto network. It was one of the biggest exploits of this asset class to date, and left many investors shaken. Can a decentralized financial ...

9 Juni 202219min

Celebrities and NFTs

Celebrities and NFTs

Did you know that both Madonna and Justin Bieber own expensive digital images of apes? It’s true: Bored Apes and other nonfungible tokens are a must-have celebrity accessory these days. But should you...

8 Juni 202219min

Crypto in your 401(k)

Crypto in your 401(k)

Fidelity, one of the largest investment managers in the world, made headlines when it announced its intention to offer clients the ability to invest in crypto through their 401(k) retirement accounts....

7 Juni 202210min

Defining Our Terms

Defining Our Terms

You might already consider crypto to be synonymous with the word volatility. But what about all the other words that get thrown around by enthusiasts? What’s staking all about? How are bridges created...

6 Juni 202220min

Regulating The Regulators

Regulating The Regulators

Cryptocurrencies are increasingly popular as investments - everyone from retail traders on Reddit to big institutional shops like Fidelity seems to have a crypto strategy. But what happens when the pe...

3 Juni 202216min

Hello, And Not So-Stable Stablecoins

Hello, And Not So-Stable Stablecoins

Welcome to Bloomberg Crypto: a new daily podcast from Bloomberg and iHeart Radio. In today’s inaugural episode, host stacy-marie ishmael introduces herself, shares what you can expect from this new da...

2 Juni 202216min

Introducing: Bloomberg Crypto

Introducing: Bloomberg Crypto

The crypto universe is expanding fast, and with that expansion comes both excitement and uncertainty. Stacy-Marie Ishmael is the managing editor for Crypto at Bloomberg News and your host for Bloomber...

9 Maj 20221min

Populärt inom Politik & nyheter

aftonbladet-krim
rss-krimstad
fordomspodden
blenda-2
motiv
flashback-forever
p3-krim
aftonbladet-daily
rss-sanning-konsekvens
svenska-fall
spar
olyckan-inifran
rss-vad-fan-hande
svd-ledarredaktionen
rss-krimreportrarna
rss-frandfors-horna
krimmagasinet
grans
rss-flodet
dagens-eko