Shark Tank star changes tune on Bitcoin, will allocate 3% of his portfolio
Kevin O’Leary referenced investor Dan Loeb’s “deep dive” into crypto in his decision to more fully invest in Bitcoin. Go to Source Powered by WPeMatico
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China’s Inner Mongolia Plans to Shut Down Bitcoin Mining Operations by April This Year
Inner Mongolia, an autonomous region in northern China, is planning to shut down all cryptocurrency mining activities in the area by April 2021, as part of efforts to improve energy efficiency. Regulating the Electrical Consumption in Inner Mongolia The government of Inner Mongolia will also stop approving new projects in energy-intensive industries such as steel … Read more
China’s Inner Mongolia to shut down crypto mining farms by April 2021
Inner Mongolia drew the ire of Beijing after failing to meet energy efficiency goals. Go to Source Powered by WPeMatico
Report: Asia’s Cryptocurrency Landscape the Most Active, Most Populous Region ‘Has an Outsize Role’
Recently, Messari Crypto Researcher, Mira Christanto published a report that looks into Asia’s cryptocurrency landscape in-depth, as 60% of the world’s population resides in the region. Christanto’s study shows that six out of the top ten largest cryptocurrency unicorns are located in Asia. Moreover, 98% of ethereum-based futures and 94% of bitcoin futures volumes stem … Read more
China’s Bitcoin Mining Rig Manufacturers Pressed by Demand, Advance Orders, Devices Sold Out
A regional report from China indicates that bitcoin mining rig manufacturers have seen a massive surge in demand since the price of the leading crypto asset skyrocketed. Companies such as Canaan Creative have placed significantly sized mining rig orders while other companies like Bitmain are completely sold out. Bitcoin Mining Rig Manufacturers Experience a Device … Read more
Belarus government explores potential move into crypto mining
The Ministry of Energy of the Republic of Belarus has launched an investigation into the potential pros and cons of crypto mining. Go to Source Powered by WPeMatico
Ebang planning to expand business to mine LTC and DOGE
The mining equipment manufacturer announced its intention to expand into mining when it went public last year. Go to Source Powered by WPeMatico
Nvidia supply shortage won’t stop $50M Q1 crypto miner sales, says CFO
A perfect storm consisting of COVID-19, supply shortages and surging crypto prices has resulted in the best financial quarter in Nvidia’s history, as the stock hits all-time highs. Go to Source Powered by WPeMatico
South Korean PC Gaming Rooms Rely on Crypto Mining to Profit During the Coronavirus Pandemic
The coronavirus pandemic has significantly hit several entertainment routines of the people worldwide, and South Korea is not an exception. PC gaming rooms had to shut down in the country, but their owners found a way to make profits during the lockdown by participating in crypto mining. A PC Bang Owner Made Over $3,000 Worth … Read more
Report: Bitcoin Mining Firm Northern Data AG Plans for a $500 Million IPO
While the public prepares for the upcoming Coinbase public offering, the mining firm Northern Data AG is reportedly planning to go public as well. Sources say that the mining business is in talks with Credit Suisse Group to launch an initial public offering (IPO) in the United States. Report: Sources Say Northern Data AG IPO … Read more