[ad_2][ad_1] Binance has launched its own mining pool. This could mean bad news for miners, but probably not for the reason you are thinking. We are all aware that Binance is continuing to extend its reach across the industry. The exchange’s purchase of CoinMarketCap for around $ 400 million was …
Read More »Bitcoin Mining Markets Overheating: Ebang’s $ 41 Million Deficit, Bitmain’s Alleged 2020 Revenue
[ad_2][ad_1] Chinese mining platform manufacturer ASIC Bitmain reportedly grossed $ 300 million in revenue during the first quarter of 2020. Meanwhile, as Bitmain claims to regain market share, the Ebang company recently filed an application with Securities and Exchange. United States Commission (SEC) for Initial Public Offering (IPO) state. However, …
Read More »CoinDesk 50: Bitmain, the Behemoth of Bitcoin Mining
[ad_2][ad_1] Founded in 2013, Beijing-based Bitmain Technology remains at the heart of the crypto economy. With its flagship AntMiner bitcoin mining equipment still dominating the hardware market and its mining pools accounting for around a quarter of the computing power of the Bitcoin network, it retains an extraordinarily powerful place …
Read More »The Bitcoin exchange-traded product is now on the market, just don’t tell the Americans
[ad_2][ad_1] The Toronto Stock Exchange hosts a new Bitcoin Fund not marketed to investors. LightRocket via Getty Images Toronto-based investment manager 3iQ Corp. has completed a $ 48 million offering in its Bitcoin Fund (QBTC.U), which is traded on the Toronto Stock Exchange. Just don’t tell the Americans. A declaration …
Read More »Cambridge University Releases New Tool to Monitor Bitcoin’s Global Mining Power
[ad_2][ad_1] A team affiliated with the University of Cambridge has released a new bitcoin data tool that shows the countries with the highest concentration of mining. The Cambridge Center for Alternative Finance (CCAF), which is based at Cambridge Judge Business School, said on Wednesday that the Bitcoin Mining Map will …
Read More »65% of Bitcoin’s global hashrate has been concentrated in China
[ad_2][ad_1] A new bitcoin mining map from the University of Cambridge shows that China accounts for 65% of the world’s hash power. About half of the country’s hash rate is produced in just one place, the Xinjiang Autonomous Region, which accounts for 35.76% of the global total. Recently launched, the …
Read More »Amun launches the token that plots the inverse of the price of Bitcoin
[ad_2][ad_1] A new token allows traders to make money every time the bitcoin price drops. Swiss fintech firm Amun launched its daily reverse token BTCSHORT (BTCS) on Wednesday, which returns gains based on the reverse price movements of bitcoin (BTC) over a given 24-hour period. The product complements a recent …
Read More »Blockchain Bites: Coinbase and BlockFi Make Big Hires, Tron Said Getting Relief From Coronavirus
[ad_2][ad_1] UPDATE (May 6, 17:50 UTC): This article has been updated to clarify that the claim about Tron receiving a loan in the event of a pandemic came from the project’s Chinese social media channels and to include a statement from a spokesperson for Tron in the United States Justin …
Read More »Bitcoin, Ripple and Litecoin – American Wrap: 5/5/2020
[ad_2][ad_1] Bitcoin Price Analysis: Is There Still Buying Conviction at These Levels? Bitcoin stutters at the 9K level as there appears to be a lull in the cryptocurrency market on Tuesday. The volume looks subtle and the candles are doji of an indecisive nature. The price also fell below the …
Read More »Mystery company files new lawsuit for $ 1.1 billion XRP sale of Ripple
[ad_2][ad_1] A little-known Puerto Rico-based company has pursued Ripple in court, accusing the blockchain company of carrying out an unregistered security sale of the cryptocurrency XRP. The company, Bitcoin Manipulation Abatement (BMA), filed a lawsuit on Friday in San Francisco, claiming that both Ripple and its CEO, Brad Garlinghouse, had …
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