Category: bitmain
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The Daily: Poloniex Drops 8 Coins, New Exchange Licensed in Estonia
Cryptocurrency trading platform Poloniex has delisted eight coins with low liquidity, while another US-based exchange, Gemini, is adding litecoin to its offerings. Also in The Daily, Ironx has been licensed to offer exchange services from Estonia, and Bitmain’s Antpool will sponsor NBA team Houston Rockets with bitcoin cash. Also read: Coinbase Denies Self-Trading, Kraken Gets…
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BTC Hashpower Doubles During Bear Market as Miners Sacrifice Profit for Position
According to Fundstrat analyst Sam Doctor, it appears Bitcoin Core (BTC) hashpower has doubled since just before the start of summer. That figure is impressive considering the lingering and deep bear market. “Even with upgrades to existing equipment, implies almost 1GW of new power consumption vs 5.2GW in May ’18m” Mr. Doctor tweeted. “Breakeven now…
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Bitmain’s $50M ‘Permissionless Ventures’ First Project: BCH Dev Con
Cryptocurrency mining hardware giant, Bitmain, is sponsoring a Bitcoin Cash (BCH) hackathon in the United States — San Francisco, to be exact. For the China-based company, BCH Dev Con is the first project financed by its $50 million fund, Permissionless Ventures (PV). Also read: Mt. Gox Victims Must Take Claims to Tokyo, Not US, Judge…
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The Daily: Shapeshift Shuts Down Prism, Jamie Dimon Wants to Be President
In today’s edition of The Daily we cover stories about Shapeshift shutting down its decentralized portfolio platform Prism, the bitcoin-hating CEO of JP Morgan, Jamie Dimon, thinking he can be elected US President, an exchange expanding to 20 more states, and further censorship of bitcoin-related accounts on Chinese social media. Also Read: 66% of Cryptocurrency…
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Bitcoin Cash Hard Fork Debate Reconvenes After the Stress Test
Over the last few weeks, there’s been a heated discussion within the Bitcoin Cash (BCH) community concerning the scheduled November 15 hard fork. There’s a strong disagreement between the BCH development teams, Bitcoin ABC, Nchain, and Bitcoin Unlimited in regard to the hard fork’s upcoming consensus changes. Fast forward to this week as Nchain has…
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PR: Killing Banks – A Financial Crypto Startup MoneyToken Announced 0% Loans and Token Burn This Wednesday
This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. MoneyToken crypto-backed loans platform has announced making zero-interest loans available…
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Crypto Flirts With Stock Market: Robinhood Prepares to Go Public, Coinbase CEO Hints Toward Possible IPO
The cryptocurrency market is currently in the midst of a major sell-off, with Bitcoin, Ethereum, and virtually all altcoins plummeting in value. The loss of over $40 billion from the cumulative cryptocurrency market cap over the last week hasn’t deterred some of the largest companies in the blockchain industry from looking toward the future, however,…
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The Daily: Bitcoin Art Merges Canvas and Augmented Reality, Bitmain IPO Update
In today’s edition of The Daily we feature an interesting art exhibition which merges augmented reality technology with oil paintings inspired by Bitcoin and cryptocurrency culture. We also cover updates about the Bitmain IPO, ASX’s “blockchain” deployment and Alexander Vinnik’s extradition case. Also Read: Binance Wants to Invest in Africa, Reaches Out to African Projects…
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Why Bitmain is Purposely Losing Money in its Bitcoin Mining Business
According to BitMEX Research, a group of analysts at major Bitcoin exchange BitMEX, Bitmain has been intentionally lowering the profit margin of its core business prior to its initial public offering (IPO). As the biggest and most profitable conglomerate in the history of the cryptocurrency sector, Bitmain has attracted some of the largest investors in…