Bithumb Pledges $8M to South Korea’s ‘Regulation-Free’ Blockchain Zone

South Korean cryptocurrency exchange Bithumb has pledged to invest roughly $8 million into the Busan blockchain zone. The region was recently declared “regulation-free” by the national government and modeled after the Switzerland town of Zug. Bithumb’s subsidiary GCX Alliance will discuss the preliminary plans with the Financial Services Commission (FSC) this month. Also read: Mining … Read more

Tron and BitTorrent Prepare to Welcome the DLive Audience

Mergers and acquisitions are a common theme in the financial industry. Even in the crypto world, joining forces is often better than slowly withering away.  DLive, a live streaming platform utilizing blockchain technology, has made some big announcements. DLive Moves to Tron and BitTorrent First of all, it will switch from the Lino blockchain to … Read more

Mining Giant Canaan Faces Stiff Competition After IPO Shares Slump

On November 21, the Chinese mining rig manufacturer Canaan Inc. launched its initial public offering (IPO) sale of $90 million worth of U.S. shares. Canaan shares initially sold for $8.99, but plummeted over 48% on December 16 to $4.65 per share. Since then, Canaan has launched a series of five new mining rig batches that … Read more