Hong Kong Stock Exchange Head Hints at Incompatibility of Bitmain IPO
Fresh comment from regulators suggests chances of Bitmain succeeding in holding an IPO in Hong Kong now slimmer Go to Source Powered by WPeMatico
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Iceland: Figurehead in Bitcoin Miner Heist Jailed for More Than Four Years
Multi-year jail for some of the seven suspects who stole Bitcoin miners in Iceland Go to Source Powered by WPeMatico
Mastermind Who Planned Iceland’s Biggest Bitcoin Heist Jailed for 4.5 Years
Last year, Sindri Stefansson was arrested for his part in what has been described as the biggest heist Iceland has seen – over $2 million worth of Bitcoin mining equipment stolen in an operation that left police baffled. He has now been jailed for four and a half years along with his team of thieves. … Read more
Blame Banks for Damaging the Environment – Not Bitcoin
Another mainstream media outlet has published a piece warning of the dangers Bitcoin poses to the environment. We’ve heard these overly simplistic arguments countless times before. But even if one was to accept that Bitcoin’s energy consumption is substantial, the figure still pales in significance to traditional financial institutions, whose carbon footprint is colossal. Also … Read more
Mining Closures Reveal Recurring Bitcoin Bear Market Trend
Another bitcoin miner this week shut down its operations, though the news didn’t come as much of a shock. The latest closure, of U.S.-based Giga Watt which went bankrupt last year, follows a trend among large mining operations that stretches back years. Also read: No Reason to ‘Bury’ Cryptocurrencies, Russian PM Medvedev Says Bankruptcy to … Read more
Bitmain Exits Amsterdam Citing Focus on Long-Term Scalable Business Strategy
Bitmain’s Amsterdam offices are next to go as part of a downsizing operation Go to Source Powered by WPeMatico
Despite Reporting Revenue Losses, GMO Internet’s Crypto Mining Rewards Soar
Japan’s GMO Internet Group has confirmed it took a steep hit in overall mining revenue, but nonetheless saw a steady increase in monthly Bitcoin mining rewards Go to Source Powered by WPeMatico
Canaan May Begin New York IPO by End of Q2 2019, Anonymous Sources Tell Bloomberg
Anonymous sources claim Canaan is still interested in an IPO despite its lack of success in Hong Kong Go to Source Powered by WPeMatico
Bitcoin Price Watch: Currency Breaks $4,000 Resistance Level
At press time, the father of crypto has broken its present resistance level and moved beyond the $4,000 mark (bitcoin is currently trading for roughly $4,043). The currency has interestingly moved head in price, but it’s also bolstered forth in other ways as well. Many analysts claimed that bitcoin mining was wreaking havoc on our … Read more
Japan: E-commerce Giant DMM Shutters Crypto Mining Business Due to Declining Profitability
Japanese e-commerce conglomerate DMM Ltd. will shut down its crypto mining business, citing deteriorating profitability as the main cause Go to Source Powered by WPeMatico