Chinese Mining Giant Bitmain Releases ‘Crypto Index’ Tracking Bitcoin, 16 Altcoin Prices

November 30, 2018 cashtechnews

Bitmain has released the Bitmain Crypto Index, designed to give both institutional and retail investors a “transparent” price benchmark. Chinese cryptocurrency mining giant Bitmain released several price indices Nov. 30, aiming to track the largest assets for both institutional and retail investors. The Bitmain Crypto Index (BCI) comprises real-time spot price reading which refreshes every […]

Bitmain Faces $5 Mln Lawsuit for Allegedly Unauthorized Mining at Clients’ Expense

November 26, 2018 cashtechnews

Bitmain is facing a class action lawsuit of $5 million that alleges it mined cryptocurrency for its own benefit on its customers’ devices. Crypto mining giant Bitmain is facing a class action lawsuit of $5 million that alleges it mined cryptocurrency for its own benefit on its customers’ devices. The filings were published under docket […]

Coinbase Policy Head Mike Lempres Leaves Company for VC Giant Andreessen Horowitz

November 23, 2018 cashtechnews

Coinbase has lost a key member of its senior executive team, Bloomberg reports. The head of policy at Coinbase has left the U.S.’ largest exchange and wallet provider to work at investment giant Andreessen Horowitz, Bloomberg quotes a statement as confirming Nov. 22. Mike Lempres, who worked only briefly in the role after swapping over […]

Ex-SEC Commissioner and Investment Banking Veteran Join Bitfury Team

November 21, 2018 cashtechnews

Bitfury has added an investment banker to its board of directors and a former U.S. Securities and Exchange Commission (SEC) member to its advisory board. Blockchain technology firm Bitfury has added an investment banker to its board of directors, and a former U.S. Securities and Exchange Commission (SEC) member to its advisory board, according to […]

How Crypto Market Fall Influences Mining Hardware Sales and Producers’ Revenues

November 19, 2018 cashtechnews

Mining hardware manufacturers invent new ways to increase their competitiveness and tackle miners’ interest decline as September was the first month when private miners’ profits went into the negative. A year long bear crypto market appears to have had a negative impact on the profitability of cryptocurrency mining. In spite of this, Bitcoin miners still […]

Report: Application for Chinese Crypto Miner Canaan’s $400 Mln IPO Lapses

November 16, 2018 cashtechnews

Chinese crypto mining manufacturer Canaan has let the application for its $400 million IPO on the Hong Kong stock exchange lapse. Cryptocurrency mining equipment producer Canaan’s Initial Public Offering (IPO) application has lapsed, Reuters reported Nov. 15. The offering was set to take place on the Hong Kong Stock Exchange (HKEX). Founded in 2013 in […]

Canadian Holding Firm to Acquire EXMO Crypto Exchange Per Letter of Intent

November 13, 2018 cashtechnews

Major crypto exchange EXMO has signed a Letter of Intent for Canadian publicly-traded holding company GoverMedia Plus Canada to acquire the platform. Canadian holding firm GoverMedia Plus Canada will acquire U.K.-based crypto exchange EXMO per a recently signed a Letter of Intent (LOI), according to a joint announcement published Nov. 13. The LOI reportedly enables […]

Bitmain Co-Founder Jihan Wu Loses Executive Power in Board Reshuffle, Says Chinese Media

November 13, 2018 cashtechnews

Unsubstantiated reports quoting a lawyer from Bitcoin mining giant Bitmain suggest co-founder Wu no longer has executive power. Cryptocurrency commentators are eyeing Bitmain Nov. 13 after Chinese industry media outlet Sanyang Blockchain reported a board reshuffle had resulted in co-founder Jihan Wu being unable to influence corporate decisions. Citing an unnamed “financial news” source, Sanyang […]

Hodler’s Digest, November 5-11: Star Trek’s Captain Kirk Defends ETH Decentralization, While Fake Elon Musks Overrun Twitter

November 11, 2018 cashtechnews

The central bank is China comes out against crypto air drops, while a flood of fake Elon Musks take Twitter promising crypto giveaways. Coming every Sunday, the Hodler’s Digest will help you to track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions, […]

Mining Giant Bitfury Raises $80 Million in Closed Funding Round as Mining Market ‘Matures’

November 6, 2018 cashtechnews

Bitfury has released details of a major funding round with participation from various European and Asian investors. Bitcoin mining infrastructure provider Bitfury has raised $80 million in a closed funding round, the company revealed in a press release shared with Cointelegraph Nov. 6. The round, which comes weeks after rumors Bitfury was considering an IPO, […]

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