Luxor Technologies – DIGIT INFO

Luxor Technologies Acquires Ordinalhub to Provide Tools for Bitcoin-Based NFTs

DIGIT — Wed, 22 Feb 2023 21:30:44 +0000

With Bitcoin-based digital collectibles becoming a popular trend, the full-stack bitcoin mining services company Luxor Technologies has acquired the platform Ordinalhub, a project that provides tools to buy, sell, and track Bitcoin-issued non-fungible token (NFT) assets. Luxor Plans to Address Challenges in the Market for Ordinal Inscription Trades At the time of writing, there are […]

Go to Source

Crypto-friendly bank ends loans backed by crypto mining rigs

DIGIT — Wed, 01 Feb 2023 06:01:33 +0000

After a bullish 2021 crypto miners sought out loans to allow them to expand, a move which has since backfired following difficult market conditions in 2022.

Go to Source

Report: $4B in Bitcoin Mining Loans Are in Distress — JPMorgan Analyst Says Price Pressure Stems From Miner Sales

DIGIT — Mon, 27 Jun 2022 14:00:41 +0000

Cryptocurrency-related lending has become a black smudge for the industry these days and according to a recent report, bitcoin’s low price has put billions in mining loans under stress. The report, which quotes the co-founder of mining company Luxor Technologies, Ethan Vera, says that roughly $4 billion in loans backed by crypto mining rigs are […]

Go to Source