Tag: bitmain

Unconfirmed Report: Miner Manufacturer IPO Halts Due to Alleged Illicit Finance Practices

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Chinese finance news outlet Sina Finance reports that crypto mining equipment producer Ebang’s IPO has been halted due to alleged involvement in illicit financial activities. Investigators have reportedly halted the public listing process of cryptocurrency mining machine manufacturer Ebang International on the Hong Kong Stock Exchange (HKEx), local financial news outlet Sina Finance reported Oct. […]

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Israeli Blockchain Startup Concludes $30 Mln Financing Round That Included Intel, Sequoia

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Israeli-based blockchain firm StarkWare Industries has received $30 million from such industry players as Intel Capital and Sequoia USA. Israeli blockchain startup StarkWare Industries has completed a $30 million financing round, generating funds from such industry players as Intel Capital and Sequoia USA, according to an announcement published Oct. 29. Established in 2018, StarkWare Industries […]

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3 Cryptocurrencies Well-Positioned to Beat BTC Price in Q4 (AMB, BCH, ADA)

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This week’s cryptocurrencies market analysis will concentrate on technological advancements in the blockchain space in quarter 4. The analysis will focus on major technological upgrades occurring in quarter four along with Ambrosus (AMB) being a top contender to produce returns well in excess of 100% in the immediate short term. 3 Cryptocurrencies We Predicted Would Rally  […]

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Chinese Mining Giant Bitmain’s New Firmware Update Reignites AsicBoost Controversy

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Major Bitcoin mining company Bitmain releases new firmware days after compatibility warnings from competitor Slush Pool. Chinese cryptocurrency mining giant Bitmain confirmed it would roll out a firmware update for so-called ‘Overt AsicBoost’ to all its Antminer models in a blog post Monday, Oct. 22. Bitmain, which holds a monopoly on Bitcoin mining through its […]

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Heads of Bitmain, Binance and Other Crypto-Related Businessmen Among China’s Richest

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Blockchain’s richest are becoming regular features in world-renowned wealth reports. The rise of blockchain technology and cryptocurrencies have made many people rich, but the world’s smartest entrepreneurs in the space are beginning to make waves among the world’s richest conventional business minds. The Hurun Research Institute released its annual China Rich List on October 10. […]

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Global Chip Supplier Expects Low Demand for Crypto Mining, Offsetting Q4 Revenue Growth

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TSMC expects growth of demand for the high-end servicing of premium smartphones, but forecasts “continued weakness” in crypto mining demand. Major global chip manufacturing firm Taiwan Semiconductor Manufacturing (TSMC) predicts revenue growth in Q4, but expects a counterbalance due to the low demand for crypto mining hardware, Reuters reports Thursday, Oct. 18. TSMC, the world’s […]

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Chinese Mining Hardware Manufacturers to Fall Under US Tariff Increases

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Major Chinese mining hardware manufacturers could fall under new U.S. tariffs on Chinese-manufactured goods, reaching as high as 25 percent. Major mining hardware producers, such as Bitmain, Canaan and Ebang, could be affected by recently imposed U.S. sanctions on Chinese goods, Hong Kong’s English-language newspaper South China Morning Post (SCMP) reports Tuesday, Oct. 16. Analysts […]

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China Should Consider Launching its Own Stablecoin, Central Bank Expert Says in Op-Ed

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An expert from the People’s Bank of China thinks the country has to study USD-backed cryptocurrencies and to launch its own yuan-backed stablecoin. The Chinese government should consider launching its own yuan-backed stablecoin despite the current ban on cryptocurrencies, an op-ed in Chinese financial journal CN Finance reports Tuesday, Oct. 9. An expert from the […]

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Crypto Mining Becomes Less Profitable, Shifts Towards ‘Bigger Players,’ Report Shows

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Diar states crypto mining has seen record revenues in 2018, but the prices for electricity will soon make it profitable only for “bigger players.” Bitcoin (BTC) miner revenues for the first six months of 2018 have already surpassed results in 2017, but the miners themselves see little profit, weekly crypto outlet Diar reports Monday, October […]

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