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Largest private gold holder shuts down Bitcoin mining operations
When Tether Holdings chose Uruguay for its Bitcoin (BTC) mining activity, the reason was simple: cheap energy costs. But once a lucrative affair, Bitcoin mining is no longer drawing the same kind of enthusiasm from Tether and other industry leaders. Tether, the company behind the world's largest stablecoin USDT and the largest private holder of gold, recently announced it is now shutting down its operations in the Latin American country after failing to negotiate for lower prices. Bitcoin mining is the process of using specialised computing systems to solve complex cryptographic functions so that you can verify and ... (full story)
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