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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Heavy Rainfall in China, Thousands of Miners Reportedly Damaged
According to a Chinese language Economic Daily News report, graphics cards and ASIC mining systems are expected to see a short term surge in orders from the crypto mining sector in Sichuan province, where reportedly over seventy percent of the mining systems are located in China. Sichuan province has been hit by continuous heavy rainfalls … Read more
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
Shapeshift CEO Defeats Peter Schiff in Bitcoin Debate
“Bitcoin, or a similar form of cryptocurrency, will eventually replace governments’ fiat money as the preferred medium of exchange” was the resolution for a rollicking debate between Shapeshift CEO Erik Voorhees (affirmative) and Euro Pacific Capital Inc CEO Peter Schiff, prominent cryptocurrency skeptic (negative). In a victory for the crypto community at large, Mr. Voorhees … Read more
Russian Firm Offers Smartphone Producer Xiaomi to Tokenize its Forthcoming IPO
Blackmoon, a blockchain company from Russia, has offered Chinese smartphone producer Xiaomi to tokenize its IPO, with payment options in ETH, BTC or LTC Go to Source Powered by WPeMatico
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
Local Media: Floods in China Heavily Damage Major Crypto Mining Operation
Floods in China’s Sichuan province, caused by two days of heavy rains, have reportedly resulted in the destruction of “tens of thousands” of cryptocurrency mining devices Go to Source Powered by WPeMatico
ICO Round-Up: Social Media Influencers Bypass Ad Ban, Centra Tokens Deemed Securities
Three stories dominate this week’s initial coin offering (ICO) round up: It appears many ICO projects are reaching out to social media influencers in an effort to thwart advertising bans across leading platforms. A study published by the China Banking Regulatory Commission (CBRC) suggested that the country develop a licenced-based regulatory apparatus that permits cryptocurrency … Read more
Report: 2018 Token Sales Almost Double Last Year’s Results
Initial Coin Offerings in the first half of 2018 have attracted nearly double the amount of funds raised last year, a new report reveals. Researchers point out, however, that the majority of ICOs have largely failed, with only a third of the projects closed successfully. According to the study, the US remains the major destination … Read more
Huobi and JD Cloud Sign Cooperation Agreement to Develop Blockchain and Cloud Computing
Crypto exchange Huobi has signed an agreement with a Chinese blockchain company JD Cloud to explore blockchain and cloud computing Go to Source Powered by WPeMatico