4 Jun 2025, 04:32

Eric Trump Threatens Magic Eden Over Trump Wallet Announcement— What’s Going On?

Magic Eden announced a Trump-branded crypto wallet this week, but the launch drew immediate backlash from the Trump family, showing growing tensions between political branding and crypto ventures. The major NFT marketplace announced Tuesday that it had partnered with the team behind the $ TRUMP meme coin to roll out the “Official $TRUMP Wallet.” The wallet, now available for waitlist sign-ups at TrumpWallet.com , promises users the ability to trade $TRUMP tokens and other cryptocurrencies including Bitcoin . A promotional sweepstakes tied to the launch dangles a $1 million prize pool in $TRUMP rewards. Trump Sons Disavow Crypto Wallet, Warn of Unauthorized Use of Name Eric Trump, however, was quick to reject any affiliation. He stated that the project is not authorized by Trump, and warned Magic Eden to exercise extreme caution when using their name for a venture that hasn’t been approved by anyone within their organization. This project is not authorized by @Trump . @MagicEden I would be extremely careful using our name in a project that has not been approved and is unknown to anyone in our organization. https://t.co/OovJGvGOkO — Eric Trump (@EricTrump) June 3, 2025 “I run @Trump and I know nothing about this project!” he posted on X, tagging the project’s lead partners. His brother, Donald Trump Jr., also denied involvement , adding that the family is working on a separate wallet through World Liberty Financial. However, notably, the Magic Eden wallet announcement was reshared by the official TrumpMeme account on X. Magic Eden didn’t return Cryptonews’ request for comment by press time. The backlash has cast a shadow over what was pitched as a flagship crypto product for Trump supporters. On X, the project’s now-suspended @TrumpWalletApp account had claimed it was “the first and only crypto wallet for true Trump fans.” Magic Eden Aims for Mass Adoption, But Trump Ties Complicate Rollout Magic Eden CEO Jack Lu described the wallet as a step toward bringing more mainstream users into crypto. The product appears to be built on Slingshot Finance, a self-custodial trading app that Magic Eden acquired in April. Slingshot supports popular meme tokens like BONK and FARTCOIN. It does not handle identity verification directly. Instead, that process is delegated to MoonPay, its fiat on-ramp provider. However, several details remain unclear. It is not yet known whether the Trump Wallet will implement its own compliance procedures. Nor is it clear how revenue or responsibilities will be divided among the involved parties. Over the past year, Trump-affiliated entities have steadily expanded their presence in crypto. They launched a Bitcoin mining venture and issued a series of NFTs. In addition, they promoted a stablecoin linked to their ecosystem. More recently, they teased plans for crypto ETFs through TruthFi, the financial arm of Truth Social. In May, Trump hosted a black-tie dinner for top $TRUMP coin holders, blending campaign efforts with crypto fundraising. But the wallet controversy punctuates the blurry line between public branding and private endorsement in the crypto industry. With major political figures now tied to meme coins and wallets, even loosely, the line between official ventures and opportunistic branding has become increasingly consequential. The post Eric Trump Threatens Magic Eden Over Trump Wallet Announcement— What’s Going On? appeared first on Cryptonews .

4 Jun 2025, 02:40

Cango Achieves Massive Bitcoin Mining Success: 954 BTC Mined

BitcoinWorld Cango Achieves Massive Bitcoin Mining Success: 954 BTC Mined In a move that highlights the evolving landscape of corporate asset strategy, Cango Inc., a company primarily known for its automotive transaction services in China, has made a significant splash in the world of cryptocurrency. The company recently announced a remarkable achievement, successfully mining a substantial amount of Bitcoin in a relatively short period. This pivot from traditional finance services to digital asset accumulation through mining signals a growing trend among institutions exploring new avenues for growth and treasury management. For anyone following the convergence of traditional business and digital assets, Cango’s success story provides compelling insights into the potential rewards of strategic entry into the crypto space. Who is Cango and Why the Pivot to Crypto? Cango Inc. has historically operated within the automotive industry, providing transaction services, financing facilitation, and after-market services in China. Their business model centered around connecting dealers, financial institutions, and car buyers. Given this background, their decision to venture into Bitcoin mining might seem unexpected at first glance. However, it reflects a broader trend of companies looking to diversify their operations and potentially capitalize on emerging technologies and asset classes. The strategic shift became apparent when Cango made a substantial investment in Bitcoin mining equipment. They acquired $256 million worth of mining hardware from Bitmain, a leading manufacturer of ASIC miners. This was not a small, experimental foray but a significant capital allocation signaling a serious commitment to becoming a major crypto miner . The acquisition provided them with the necessary infrastructure to establish a large-scale mining operation. This pivot can be seen through several lenses: Diversification: Reducing reliance on a single industry (automotive) by entering a high-growth sector. Asset Accumulation: Mining Bitcoin allows them to acquire a potentially appreciating digital asset directly, rather than buying it on the open market. Technological Adoption: Embracing blockchain technology and its underlying processes like proof-of-work mining. Cango’s move exemplifies how companies, even those far removed from the tech sector, are exploring ways to integrate digital assets into their business models. Understanding Cango’s Bitcoin Mining Operation Entering the Bitcoin mining space at scale requires significant investment in specialized hardware, infrastructure, and technical expertise. Cango’s reported $256 million investment in Bitmain equipment indicates they acquired a substantial fleet of high-performance ASIC miners, likely from Bitmain’s Antminer series, which are designed specifically for mining Bitcoin efficiently. The process involves using these powerful computers to solve complex cryptographic puzzles. The first miner to solve the puzzle gets to add the next block of transactions to the Bitcoin blockchain and is rewarded with newly minted Bitcoin, plus transaction fees. The more computing power (hash rate) a miner controls, the higher their probability of solving blocks and earning rewards. While the specific details of Cango’s operational setup (location, energy sources, total hash rate) are not fully disclosed in the snippet, the scale of their equipment purchase suggests they aimed for a significant share of the global hash rate. Successful mining also depends heavily on managing operational costs, primarily electricity, which is the largest ongoing expense. For Cango, setting up and running this operation means navigating technical challenges, energy procurement, and the dynamic nature of the Bitcoin network difficulty. The Impressive Haul: 954 BTC Mined in Two Months The headline figure is compelling: 954.5 BTC mined over the months of April and May. This represents a significant return on their investment in mining hardware in a relatively short timeframe. To put this number into perspective: Quantity: 954.5 BTC is a substantial amount of the finite Bitcoin supply (21 million total). Value: Based on the provided information, the value was around $105 million. It’s important to note that Bitcoin’s price fluctuates constantly, so the current market value of this mined Bitcoin would vary depending on the price at any given moment. However, $105 million represents a significant asset accumulation. Efficiency: Mining nearly a thousand Bitcoin in just two months suggests their operation is running efficiently and at a large scale, leveraging the power of the Bitmain equipment they acquired. This success demonstrates that strategic, well-funded entries into the mining sector can yield substantial results, contributing significantly to a company’s digital asset reserves. The fact that they mined this amount shortly after deploying their acquired equipment highlights a rapid operational ramp-up. Significance for Institutional Bitcoin Adoption Cango’s venture into mining is more than just a single company’s diversification; it’s a strong indicator of the growing trend of institutional Bitcoin adoption. While many companies like MicroStrategy have acquired Bitcoin through market purchases, fewer traditional companies have chosen the path of self-mining on a large scale. Mining allows institutions to acquire Bitcoin directly from the network, potentially at a cost basis related to their operational expenses (hardware, electricity) rather than the prevailing market price. This can be a strategic advantage, especially for companies with access to low-cost energy or the ability to optimize mining infrastructure. Cango’s decision to hold the mined Bitcoin further reinforces the long-term view many institutions are taking towards the asset. Rather than selling immediately to cover costs, they are accumulating Bitcoin on their balance sheet, signaling confidence in its future value proposition. This adds to the narrative of Bitcoin maturing as an institutional-grade asset class. Examples of other companies involved in Bitcoin mining or holding Bitcoin include: MicroStrategy: Primarily known for significant BTC purchases. Marathon Digital Holdings & Riot Platforms: Publicly traded companies focused purely on Bitcoin mining. Tesla: Holds Bitcoin acquired via market purchases. Cango distinguishes itself as a company from a non-crypto native industry making a direct, large-scale entry into mining. Cango Joins the Ranks of Corporate Crypto Miner s With their successful mining operation, Cango has effectively joined the ranks of significant corporate crypto miner s. This places them alongside companies whose primary or a major part of their business is extracting digital assets from blockchain networks. Being a corporate crypto miner comes with its own set of benefits and challenges: Benefits: Direct Asset Creation: They create Bitcoin themselves rather than buying it. Potential Cost Advantage: Depending on energy deals and operational efficiency, mining cost per BTC might be lower than market price over time. Control: They control the process of acquiring the asset. Revenue Stream: Mining rewards and transaction fees generate income. Challenges: High Upfront Costs: Equipment is expensive. Operational Complexity: Managing hardware, cooling, and electricity. Energy Costs: A major ongoing expense sensitive to price fluctuations and availability. Regulatory Uncertainty: Mining regulations vary significantly by region. Network Difficulty: Competition increases, making it harder to mine over time. Market Volatility: The value of the mined asset fluctuates. Cango’s ability to mine 954.5 BTC in two months suggests they are navigating these challenges effectively, at least in the initial phase of operation. Their ongoing success will depend on maintaining operational efficiency, managing energy costs, and adapting to changes in the Bitcoin network and regulatory environment. Actionable Insights from Cango’s Success Cango’s pivot and successful mining operation offer several takeaways for businesses and investors: Strategic Diversification is Key: Companies in traditional sectors can find growth opportunities in emerging digital asset markets. Mining as an Acquisition Strategy: For companies with the capital and operational capability, mining can be a viable method to accumulate significant amounts of Bitcoin. Long-Term Vision: Cango’s decision to hold the mined BTC suggests a belief in the long-term value of Bitcoin, a strategy adopted by many institutional players. Execution Matters: A large investment in equipment needs to be backed by efficient operational execution to yield results like 954.5 BTC mined in a short period. Their story serves as an example of how companies are finding innovative ways to engage with the cryptocurrency ecosystem beyond simple investment. Conclusion: A New Era for Corporate Crypto Engagement? Cango’s achievement of mining 954.5 BTC in just two months after a significant investment in Bitmain equipment is a powerful testament to the growing interest and successful execution of institutional Bitcoin strategies. Their transformation from an automotive service platform to a significant crypto miner highlights the dynamic potential for companies to diversify and leverage digital assets. The accumulation of over $105 million worth of BTC mined in such a short timeframe not only validates their strategic pivot but also underscores the increasing sophistication of corporate involvement in the crypto space. As more companies explore ways to integrate Bitcoin and other digital assets into their operations and balance sheets, Cango’s journey provides a fascinating case study of a non-traditional player achieving substantial success in the competitive world of Bitcoin mining . Their decision to hold the mined Bitcoin further reinforces the long-term perspective many institutions are adopting, viewing Bitcoin not just as a speculative asset but as a strategic reserve. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin institutional adoption . This post Cango Achieves Massive Bitcoin Mining Success: 954 BTC Mined first appeared on BitcoinWorld and is written by Editorial Team

4 Jun 2025, 01:10

MARA Holdings Announces Impressive 950 BTC Mining Production in May

BitcoinWorld MARA Holdings Announces Impressive 950 BTC Mining Production in May For anyone tracking the pulse of the cryptocurrency market, especially the companies at the forefront of digital asset creation, the latest report from MARA Holdings (formerly Marathon Digital) offers compelling insights. As one of the largest publicly traded Bitcoin mining companies in the world, MARA’s operational updates are keenly watched by investors and enthusiasts alike. Their recent announcement regarding May’s production figures highlights their continued efforts in expanding their share of the global hash rate and accumulating significant BTC holdings . Key Highlights from MARA Holdings’ May Performance MARA Holdings had a productive May, demonstrating consistent operational output despite fluctuating market conditions and the evolving landscape post-Bitcoin halving. The company’s official report detailed several key achievements: Bitcoin Mined: MARA successfully mined 950 BTC during the month of May. This figure provides a clear picture of their current operational capacity and efficiency. Strategic Holding: Notably, the company reported that it did not sell any of the Bitcoin mining rewards earned in May. This strategic decision reflects a bullish long-term outlook on the price of BTC and a commitment to growing their digital asset treasury. Growing BTC Holdings: As a result of the May mining and holding strategy, MARA Holdings ‘ total unrestricted BTC holdings increased significantly. As of May 31, 2024, the company held a total of 49,179 BTC. This substantial holding is a core component of MARA’s balance sheet and investment profile. These figures are crucial indicators for understanding the company’s operational health and its strategy for navigating the competitive world of crypto mining . Why Did MARA Holdings Choose Not to Sell Bitcoin in May? The decision by MARA Holdings to hold onto the 950 BTC mined in May is a significant strategic move that speaks volumes about their confidence in Bitcoin’s future. Several factors likely influence such a decision: Long-Term Bullish Sentiment: Companies deeply involved in the Bitcoin ecosystem, like MARA, often possess a strong belief in the long-term appreciation of BTC. Holding mined coins allows them to potentially benefit from future price increases, maximizing the value derived from their mining operations. Balance Sheet Strength: Accumulating a large treasury of BTC holdings strengthens the company’s balance sheet. These digital assets can be viewed as a store of value and provide financial flexibility, potentially used for future investments, expansion, or as collateral. Market Conditions: While May saw some market fluctuations, a decision not to sell could indicate that MARA’s management believes the current price does not reflect Bitcoin’s true or potential value, or they anticipate favorable market movements in the near future. Aligning with Shareholder Value: Many investors in MARA Holdings are specifically interested in gaining exposure to Bitcoin’s price movements. By holding mined BTC, MARA directly aligns its corporate strategy with the investment goals of its shareholders who seek direct or indirect BTC exposure. This ‘hodling’ strategy is common among major Bitcoin mining firms, distinguishing them from operations that might sell mined BTC immediately to cover operational costs or realize short-term profits. The Significance of MARA’s Growing BTC Holdings With 49,179 BTC in its treasury, MARA Holdings possesses one of the largest corporate holdings of Bitcoin among publicly traded companies, particularly within the crypto mining sector. What does this mean? Table: Snapshot of MARA’s BTC Holdings (as of May 31, 2024) Metric Value Bitcoin Mined in May 950 BTC Bitcoin Sold in May 0 BTC Total Unrestricted BTC Holdings (End of May) 49,179 BTC This significant asset base means that MARA Holdings ‘ financial health and stock performance (often tracked under the ticker MARA ) are increasingly tied not just to its mining efficiency but also directly to the price of Bitcoin. A rising BTC price can significantly increase the value of their treasury, potentially boosting investor confidence and the company’s market capitalization. Conversely, a sharp decline in Bitcoin’s price could impact the perceived value of their holdings and affect the stock. What Are the Challenges Facing MARA Holdings and Bitcoin Mining? While the May production report is positive, the Bitcoin mining industry, and MARA Holdings specifically, face ongoing challenges: Post-Halving Economics: The recent Bitcoin halving event cut the block reward for miners by 50%. This significantly impacts revenue per block mined, requiring miners to increase efficiency, lower costs, or expand hash rate to maintain profitability. Network Difficulty: As more powerful mining hardware comes online and more participants join the network, the Bitcoin mining difficulty adjusts upwards. This means miners need more computing power to find a block, increasing competition. Energy Costs and Sustainability: Energy consumption remains a major operational cost and a point of public scrutiny for crypto mining . MARA, like other large-scale miners, must navigate energy procurement, fluctuating prices, and increasing pressure for sustainable energy sources. Hardware Obsolescence: The mining industry is characterized by rapid technological advancements. Older mining rigs become less efficient compared to newer models, requiring continuous capital investment in updated hardware to remain competitive. Navigating these challenges effectively is crucial for MARA’s continued success in growing its BTC holdings and maintaining profitability. Looking Ahead: What’s Next for MARA? Following a strong May performance, market observers will be watching MARA Holdings for several key indicators: Continued Production Levels: Can MARA maintain or increase its monthly Bitcoin production despite rising difficulty and post-halving economics? This will depend on their ongoing infrastructure deployment and efficiency improvements. Expansion Plans: MARA has been actively expanding its mining capacity. Updates on new site developments and miner deployments will signal future growth potential. Treasury Management: Will MARA continue its strategy of holding mined BTC, or will market conditions or operational needs necessitate selling some of their BTC holdings ? Stock Performance (MARA): How will the market react to MARA’s operational results and the broader movements in Bitcoin’s price? The MARA stock price is often seen as a leveraged play on Bitcoin itself. These factors will play a significant role in shaping the company’s trajectory through the remainder of the year. Actionable Insights for Those Following MARA Holdings For investors, analysts, or simply those interested in the crypto mining space and MARA Holdings : Monitor Production Reports: Pay close attention to monthly mining updates. These provide direct evidence of operational performance. Track BTC Price Movements: Given MARA’s large BTC holdings , the price of Bitcoin is a primary driver of the perceived value of their assets. Evaluate Expansion Progress: New facility announcements and miner deployment numbers indicate future hash rate growth potential. Understand the Halving Impact: Assess how MARA is adapting to the reduced block reward through efficiency gains or hash rate increases. Consider the Stock (MARA): If you are considering the stock, understand that it carries both operational risk (mining) and market risk (BTC price volatility). Staying informed on these aspects provides a more complete picture of MARA’s position and potential. Compelling Summary MARA Holdings demonstrated a robust operational performance in May, successfully mining 950 BTC and strategically choosing to retain these digital assets. This decision not only bolstered their already substantial BTC holdings , bringing the total to 49,179 BTC by month’s end, but also underscored their long-term confidence in Bitcoin. While the company and the broader Bitcoin mining sector face challenges like post-halving economics and rising network difficulty, MARA’s consistent production and significant asset base position it as a key player to watch. The performance of MARA Holdings continues to offer valuable insights into the health of the mining industry and serves as a notable example of a corporate strategy deeply intertwined with the future of Bitcoin. To learn more about the latest Bitcoin mining trends and Bitcoin developments, explore our articles on key developments shaping Bitcoin price action and institutional adoption. This post MARA Holdings Announces Impressive 950 BTC Mining Production in May first appeared on BitcoinWorld and is written by Editorial Team

4 Jun 2025, 00:10

Shocking Legal Battle: Bitcoin Miners Sued Over ECC Patents

BitcoinWorld Shocking Legal Battle: Bitcoin Miners Sued Over ECC Patents In a move that has sent ripples through the cryptocurrency mining sector, a firm known as Malikie Innovations has initiated significant legal action. The company, which notably acquired a vast portfolio of patents from tech giant BlackBerry in 2023, has filed lawsuits against two prominent players in the Bitcoin mining space: Marathon Digital and Core Scientific . At the heart of these legal challenges lies the assertion that these mining operations are infringing upon patents related to Elliptic Curve Cryptography (ECC) , a foundational technology underpinning the Bitcoin blockchain. This development, initially reported by Cointelegraph, highlights the increasing intersection of traditional patent law and the innovative, often legally uncharted, territory of digital assets and their infrastructure. What’s Behind the Crypto Patent Lawsuit? Understanding this situation requires a look at the key players and the technology involved. This isn’t just a simple disagreement; it’s a complex legal battle rooted in intellectual property rights acquired from a historical tech powerhouse. Malikie Innovations: This is the entity bringing the lawsuits. Their business model appears to be centered around acquiring and potentially monetizing patent portfolios. The acquisition of 32,000 patents from BlackBerry provided them with a significant arsenal of intellectual property. BlackBerry Patents: While known for its mobile phones, BlackBerry held numerous patents across various technologies, including cryptography. The patents central to Malikie’s lawsuits are reportedly those specifically related to ECC, technology BlackBerry developed or held rights to over the years. The Defendants: Marathon Digital and Core Scientific are among the largest publicly traded Bitcoin miners in North America. They operate massive facilities running thousands of specialized computers (ASICs) to validate Bitcoin transactions and earn new BTC. The Core Claim: Malikie alleges that the mining operations conducted by Marathon and Core Scientific utilize methods covered by their newly acquired ECC patents. This suggests the claim pertains to how the mining process involves generating or using cryptographic keys and signatures, which heavily relies on ECC. This situation underscores a growing trend where companies specializing in patent enforcement are turning their attention to the lucrative and technologically complex cryptocurrency industry. As crypto infrastructure matures, it becomes a more attractive target for intellectual property claims. Why Are ECC Patents Crucial to Bitcoin Miners? To grasp the significance of this lawsuit, it’s essential to understand the role of ECC patents in the context of Bitcoin. Elliptic Curve Cryptography is not just a minor component; it’s a fundamental building block of Bitcoin’s security and functionality. Here’s a simplified breakdown: Public and Private Keys: ECC is used to generate the pairs of public and private keys that are essential for Bitcoin wallets and transactions. Your private key allows you to spend your Bitcoin, and your public key (or a hash of it, the Bitcoin address) is where you receive Bitcoin. The mathematical relationship between these keys is based on ECC. Digital Signatures: When you send Bitcoin, you ‘sign’ the transaction with your private key. This signature is mathematically verified using your public key. ECC provides the algorithm for creating and verifying these digital signatures, ensuring that only the owner of the private key can authorize a transaction and that the transaction hasn’t been tampered with. Transaction Verification: Bitcoin miners play a critical role in verifying these signed transactions and bundling them into blocks. Their software and hardware interact constantly with data secured and processed using ECC algorithms. While the Bitcoin protocol itself is open-source and free to use, the underlying cryptographic methods, including specific implementations or applications of ECC, could potentially be covered by patents held by various entities. Malikie’s claim suggests they believe the *way* Marathon and Core Scientific’s systems utilize ECC within their mining operations infringates upon their patented methods. Challenges and Risks for the Bitcoin Mining Industry This crypto patent lawsuit presents several significant challenges and risks, not just for the named defendants but potentially for the entire sector: Legal Costs and Damages: Defending against patent infringement lawsuits is notoriously expensive. If found liable, companies could face substantial damage awards, potentially calculated based on past profits or a royalty on future operations. Potential Injunctions: In the most severe outcome, a court could issue an injunction ordering the companies to cease using the infringing technology. This could potentially disrupt or halt mining operations, a catastrophic scenario for businesses built around this activity. Uncertainty for Other Miners: If Marathon and Core Scientific are found to be infringing, it raises the question of whether other Bitcoin miners are also using similar methods that might infringe on Malikie’s patents. This could lead to more lawsuits or demands for licensing fees across the industry. Impact on Innovation: While patents are intended to encourage innovation, they can sometimes stifle it if broadly applied to foundational technologies. This lawsuit could create hesitation around developing or deploying certain cryptographic implementations without careful patent review. Valuation Concerns: For publicly traded mining companies, legal battles and potential liabilities can negatively impact stock prices and investor confidence. The complexity lies in proving both that the patents are valid and that the specific operations of the mining companies directly infringe upon the claims within those patents. This often involves deep technical analysis and expert testimony. Malikie Innovations and the BlackBerry Patent Portfolio The acquisition of the BlackBerry patents by Malikie Innovations in 2023 was a massive deal, reportedly involving over 32,000 patents related to mobile, messaging, and wireless networking technologies. BlackBerry had been offloading its patent assets for several years as its core business shifted. For Malikie, this acquisition represents a strategic play to leverage valuable intellectual property. Patent assertion entities (often called ‘patent trolls’, though the term is debated and can be pejorative) specialize in buying patents from companies and then seeking licensing fees or filing lawsuits against companies they believe are using the patented technology without permission. The sheer size of the BlackBerry portfolio suggests that Malikie has a vast array of potential claims they could pursue across various tech sectors. Targeting the cryptocurrency space, specifically high-profile Bitcoin miners , indicates a belief that there is significant value and potential infringement within this rapidly growing industry. It’s worth noting that the validity and scope of older patents, especially those related to evolving digital technologies like cryptography, can sometimes be challenged in court. Prior art (evidence that the invention was publicly known or used before the patent was filed) is a common defense strategy. Potential Defenses and Industry Response Marathon Digital and Core Scientific are not without recourse. They will likely mount a vigorous defense. Potential strategies could include: Challenging Patent Validity: Arguing that the patents themselves are invalid based on prior art or other legal grounds. Claiming Non-Infringement: Demonstrating that their specific mining operations and software implementations do not actually perform the actions described and claimed in Malikie’s patents. Exploring Settlement: While costly, settling out of court is often a faster and less risky option than going to trial. Industry Collaboration: The potential threat to other miners could encourage some level of industry collaboration to share defense strategies or even pool resources, although this is speculative. The outcome of these specific lawsuits could set important precedents for how ECC patents and other fundamental cryptographic patents are applied within the cryptocurrency ecosystem. It highlights the need for companies operating in this space to be increasingly aware of the intellectual property landscape. Conclusion: A Wake-Up Call for Crypto Infrastructure? The lawsuits filed by Malikie Innovations against Bitcoin miners Marathon Digital and Core Scientific over alleged infringement of ECC patents represent a significant legal challenge facing the cryptocurrency industry. Leveraging a massive portfolio of BlackBerry patents , Malikie is asserting intellectual property rights over technology fundamental to how Bitcoin functions. This situation brings to the forefront the potential risks associated with foundational technologies within crypto infrastructure and serves as a reminder that innovation does not always occur in a legal vacuum. The outcomes of these cases will be closely watched, as they could have lasting implications for the operational costs, legal strategies, and overall stability of Bitcoin miners and potentially other parts of the crypto ecosystem that rely heavily on cryptographic methods. While the legal process will unfold over time, this development underscores the increasing complexity and maturity of the crypto landscape, where traditional legal challenges like patent litigation are becoming more common. To learn more about the latest Bitcoin mining trends, explore our articles on key developments shaping Bitcoin mining operations. This post Shocking Legal Battle: Bitcoin Miners Sued Over ECC Patents first appeared on BitcoinWorld and is written by Editorial Team

3 Jun 2025, 22:45

Bitcoin Miner Riot Sees 139% Yearly Increase in Daily BTC Production

In May, bitcoin miner Riot Platforms produced 514 bitcoins, marking an 11% increase from the 463 mined in April and more than double the 215 produced in May 2024. Prioritizing Operational Excellence Bears Results Bitcoin miner Riot Platforms produced 514 bitcoins in May 2025, an 11% increase from the 463 bitcoins mined in April and

3 Jun 2025, 21:35

MARA Achieves Record 950 BTC Mined in May With Total Holdings up to 49,179 BTC

In May 2025, MARA Holdings produced 950 BTC, marking a 35% increase from April, and achieved a record 282 blocks mined. The company’s total bitcoin holdings rose to 49,179 BTC, with no sales during the month. MARA Holdings’ Bitcoin Production Increases by 35% in May MARA Holdings, Inc. (Nasdaq: MARA) reported a significant uptick in