GRX Group’s GRID Platform Hosts its First Tokenized Security
Digital advertising platform tribeOS launched its shares as tokenized securities on GSX Group’s GRID platform. Go to Source Powered by WPeMatico
Bitmain
Auto Added by WPeMatico
Bitmain Cofounder Allegedly Expelled – Could Face Litigation for Operation Interference
One of the largest ASIC mining manufacturers worldwide, Bitmain, has allegedly ousted cofounder Micree Zhan. Regional reports note that he’s been threatened with litigation if he interferes with company operations. According to two local announcements written in Chinese, Bitmain has warned Zhan two times not to intervene with employees. Last October, news.Bitcoin.com reported on the … Read more
Bitmain Confirms Ousting of Micree Zhan, Threatens Legal Action
Bitmain issued statements saying that Micree Zhan has been ousted and threatened him and employees supporting him with legal action for not complying. Go to Source Powered by WPeMatico
China Strikes Down 10% of Global BTC Hashrate, Who Will Pick Up The Slack?
Citing the increase in illicit crypto-related activities, the provincial government of Sichuan moves to stamp out 10% of the global Bitcoin hashrate. Go to Source Powered by WPeMatico
As Bitcoin Halving Dust Settles, Network Awakens to Costly New Reality
Bitcoin halving has led to high transaction fees and slow block generation speeds. Is this the new reality? Go to Source Powered by WPeMatico
Nasdaq to Reportedly Tighten IPO Rules for Chinese Firms, Crypto Potentially Affected
Some Chinese companies could be left out of the world’s second-largest stock exchange as a result of proposed changes — and crypto is no exception. Go to Source Powered by WPeMatico
45 Older-Generation Bitcoin Miners Are Unprofitable After the Reward Halving
On May 11, the Bitcoin network experienced its third block reward halving, which had chopped the 12.5 BTC reward to 6.25 coins following the event. It’s been close to a week later, and data stemming from mining rig profitability websites show that more than 45 older generation devices are not profitable right now at today’s … Read more
Someone Was Propping Up the Bitcoin Cash Hashrate at a Loss in April
Data indicates that someone was propping up Bitcoin Cash at a loss prior to the halving. Go to Source Powered by WPeMatico
Up to 30% of Bitcoin Miners Close Shop as Business Turns Unprofitable After Halving
About a third of Bitcoin (BTC) mining firms may already be switching off their machines as the business becomes unprofitable due to a reduction in mining rewards. The third Bitcoin halving – consummated earlier today – reduced supply of the pioneering cryptocurrency, cutting the bonus paid to miners for solving mathematical puzzles that underpin the … Read more
Bitcoin Mining Markets Heat Up: Ebang’s $41M Deficit, Bitmain’s Alleged 2020 Revenue
The Chinese ASIC mining rig manufacturer Bitmain reportedly pulled in $300 million in revenue during Q1 2020. Meanwhile, as Bitmain claims to be regaining market share, the firm Ebang recently applied with the U.S. Securities and Exchange Commission (SEC) for initial public offering (IPO) status. However, the prospectus sent to SEC shows that while Ebang … Read more
