Bitmain Receives $12 Bln Investment in a Recent Funding Round
Bitmain has received $12 billion of investments following the recent closing of a Series B funding round Go to Source Powered by WPeMatico
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Quebec Mining Drama: Bitmain Money Muscle or Local Sour Grapes?
Tempers are flaring in Quebec, as its climate and relatively cheap electricity have made it a magnet for the burgeoning cryptocurrency mining industry. The provincial government and its energy concern, Hydro-Quebec, have been accused of playing favorites to the likes of mining giants such as Bitmain. Also read: Troll Slayer: Derek Magill Defends Peer-to-Peer Electronic … Read more
Graphics Card Suppliers to Cut Prices in July due to Crypto Market Slump, Sources Report
The crypto market slump since the new year has negatively affected graphics card suppliers, with several firms ready to cut prices in July, sources say Go to Source Powered by WPeMatico
Coinbase Founder Launches Cryptocurrency Fueled Charity ‘Givecrypto’
On June 27 the CEO and co-founder of Coinbase, Brian Armstrong, announced the launch of a new cryptocurrency powered charity called Givecrypto.org. Armstrong says he’s always believed in the power of cryptocurrency funded philanthropy and explains the new nonprofit is all about empowering, educating, and elevating global communities. Also read: Cryptocurrency Firm Circle Sees Institutional … Read more
The Daily: Akon Launches Akoin, ICO Mogul Buys $19M Land with Bitcoin
A musician who wants to use cryptocurrency to create a “real-life Wakanda” in Africa is the main feature in today’s edition of Bitcoin in Brief. Additional stories include an ICO mogul who bought land worth $19 million with bitcoin, a massive trove of Coinbase customers’ complaints and more. Also Read: Control of Highly Demanded Crypto … Read more
Mining Hardware Supply Chain Seeks Alternative Revenue Streams Amid Declining Demand
With demand for cryptocurrency mining hardware having sharply declined following the onslaught of 2018’s bear market, reports are indicating the companies operating in the supply chain behind mining hardware are increasingly seeking alternative revenue streams to offset falling demand from the mining industry. Also Read: SEC Executive: ‘Cryptocurrencies with Decentralized Structures Not Securities’ Cryptocurrency Bubble Pops … Read more
Mining Manufacturer Obelisk Announces ASIC-Friendly Launchpad
Obelisk, a new ASIC manufacturer led by Siacoin developer David Vorick, has released plans for an ASIC launchpad for Proof of Work coins. Its aim is to provide new and existing cryptocurrencies with an ASIC-friendly algorithm that will mitigate the rising threat of 51% attacks. Although initially devised with the company’s own ASIC miner in … Read more
Mining Giant Bitmain’s CEO Wu ‘Open’ to Hong Kong IPO, Report Says
Bitcoin mining giant Bitmain’s CEO reveals he is “open” to running an IPO in Hong Kong Go to Source Powered by WPeMatico
100+ Coders Gather in China to Build Apps Tied to the Bitcoin Cash Network
On June 1-3, 100+ coders gathered together for the ‘BCH Geek’ in Hangzhou, China, an event that focused on developers creating BCH-based apps in order to make “bitcoin cash available to all.” According to regional reports, the event was quite successful and there were a lot of cool applications built specifically to enhance the BCH … Read more
Japan’s GMO Unveils Specs and Price of 7nm Bitcoin Mining Rigs – On Sale Tomorrow
Japan’s GMO Internet has unveiled the price and specs of the GMO miner B2 equipped with 7nm ASIC mining chips. The mining capacity is 24 TH/s and the price of the machines will be adjusted monthly according to demand. Using GMO’s mining rigs, the power consumption can be reduced up to 20% and the cost … Read more