Bitmain, the Bitcoin mining giant has been reportedly cutting back on its capacity, derived from that observation that Bitmain’s internal bitcoin mining operations are generating 88 percent less computing power in comparison to a month ago. As per the hashing...
The executive chairman of the Blockchain Research Institute, Donald Tapscott stated in an interview with Bloomberg on April 17, that the official Chinese currency, the renminbi (RMB), will become a cryptocurrency. Tapscott revealed in his interview that in a recent...
Ross Sandler, the internet analyst at Barclays, predicts in a client note that if the rumoured plans of Facebook launching its very own cryptocurrency are true, then the social media giant could potentially generate additional revenue worth of $19 billion by...
The analysts at JP Morgan are poking pot shots at Bitcoin (BTC) again, this time around a report from the wall street giant states that during the fourth quarter of 2018, the market price of BTC was lower than its mining costs on average for over four weeks. Just a...
The Seven suspects involved in 2018’s “Big Bitcoin Heist”, where crypto mining equipment costing over three-quarters of a million dollars was stolen, have been sentenced to various prison terms according to their level of involvement in the heist. Crypto...
China’s second-biggest manufacturer of Bitcoin mining hardware, Canaan Inc., considers listing IPO in the U.S. after discarding its plans to list in Hong Kong, according to people with knowledge of the matter. The company initially intended to raise about $1 billion...
Bitcoin News: When Bitcoin (BTC) perched down from its December 2017 high and experienced a downward trend throughout 2018, the naysayers challenged that the very first cryptocurrency with the largest market share is spiraling towards its death. It all started when...
Ebang Communications, A Chinese crypto mining hardware manufacturer filed its second draft for IPO at the Hong Kong Exchange (HKEX), after their first application failed to proceed. The chances of this application certainly look bleak as well, for one HKEX has been...
The current bear of cryptocurrency market is pushing many companies to either shut down fully or some part of their operation. The Bitcoin(BTC) mining giant, Bitmain joins the listing as reportedly, the firm is axing almost half of its staffers by the end of this...
Cheap electricity works like a magnet for Bitcoin (BTC) Miners and Iran, which currently observing an inflow of bitcoin miners stands witness to this sentiment. Reportedly, the electricity in the country could sometimes reach lows of $0.0006 per kilowatt-hour. The...
