Bitcoin Miner Core Scientific close to bankruptcy

Oct 28, 2022

How would you feel if your Bitcoin stash plummeted from thousands to a measly 24 within half a year? Probably the same way American Bitcoin miner Core Scientific is feeling now: issuing a bankruptcy warning. Bitcoin mining is a cutthroat business.

What is a mining rig?

Oct 27, 2022

A mining rig is the assembled hardware you need to mine crypto. Bitcoin is the best-known example of a coin that comes into circulation through mining. Doge and Litecoin are also well-known coins in this list.

Chinese spies got tracked using Bitcoin

Oct 26, 2022

Many people still believe that Bitcoin transactions are anonymous and that nobody can intrude on your privacy and tell to whom you sent BTC or from where you are receiving the equivalent of digital cash. That is not correct. Bitcoins blockchain is a public and very transparent ledger that can be audited by anybody at any time. Bitcoins transparency is not a bug, but a feature! Because of this nature hiding behind Bitcoin isn’t exactly a sound idea. This has been proven time and time again, but for some reason, all the villains out there won’t listen. Who are the alleged Chinese spies and why did they choose to pay with Bitcoin?

Cash App lets users pay with Lightning

Oct 26, 2022

Cash App lets users in the United States pay other persons with Lightning, Bitcoin's layer 2-network for fast and cheap payments. It will allow 40 million users to get even more familiar with Bitcoin and Lightning: a nice win for adoption.


Trade anytime, anywhere

Boost your trading impact and reaction time in over 80+ cryptocurrencies via instant access to your portfolio with the LiteBit app.

App Store
Google Play Store
  • 2525 Ventures B.V.
  • 3014 DA Rotterdam
  • The Netherlands
More info
  • About LiteBit
  • Support
  • Sell
  • News
  • Education
Subscribe for updates

Sign up to stay informed via our email updates

Explore popular coins
© 2023 LiteBit - All rights reserved