Canaan’s 2019 total net revenue plummeted to nearly $200 million figure. Nasdaq-listed Bitcoin mining equipment manufacturer, Canaan, reported a net loss of $148 million for 2019, according to the latest financial results filed with the Securities and Exchange Commission (SEC). The latest unaudited Q4 and 2019 financial results from the China-based company said that its […]
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Crypto mining firm Riot Blockchain has been sued to pay $728,200 to cover an investor’s legal costs from separate security regulation violation lawsuits. An investor sued Nasdaq-listed cryptocurrency mining firm Riot Blockchain for $728,200 that the investor owes in another contract breach lawsuit. According to court documents filed on April 3, the aforementioned sum is […]
Continue ReadingBitcoin price attacked the $6,600 resistance on Monday but a move above $6,900 is what’s really needed to change the current trend. Monday proved to be a surprisingly fruitful day for Bitcoin (BTC) price as the digital asset rallied 12.73% to $6,599 before pulling back to $6,380 a few hours later. Despite gloomy news of […]
Continue ReadingRiot Blockchain has included COVID-19 in 18 pages of risk factors to the business listed in its annual Form 10-K report to the SEC. Nasdaq-listed cryptocurrency mining firm, Riot Blockchain, filed its Form 10-K annual report to the United States Securities and Exchange Commission (SEC), March 25. Among a long list of other potential risk […]
Continue ReadingSome of the world’s biggest tech companies have opened their arms to blockchain technology — here’s how they compare. The world’s largest technology companies have made concerted efforts to investigate and integrate blockchain technologies over the past few years. Partly driven by a massive boom in interest caused by Bitcoin’s stellar bull run in 2017, […]
Continue ReadingFormer NASDAQ warns the TON Community against launching Telegram’s blockchain network until the Court of Appeals has its say. Former NASDAQ vice president and assistant general counsel warned the TON Community against launching Telegram’s blockchain network until the 2nd U.S. Circuit Court of Appeals has its say. Safe Harbor is not on SEC’s agenda Manny […]
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Bitcoin ended its lengthy consolidation in the $6.4K-$6.8K range with a swift drop to $6,068, with the weekly and monthly close approaching traders will be keeping a close eye on the price. After trading in the $6,450 to $6,850 range for the past eight days, Bitcoin (BTC) price finally made a larger move, this time […]
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Diversified holding company DPW Holdings suspends its crypto mining business Digital Farms about 2 months before Bitcoin halving. Although the cryptocurrency markets have slightly recovered following massive sell-offs in mid-March, Bitcoin’s (BTC) faltering price has led to notable miner instability and closures. Soon after Bitcoin dropped below the $4,000 threshold on March 13, DPW Holdings, […]
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A class-action complaint has been brought against the Robinhood stock and cryptocurrency trading app, following a series of outages earlier this month. Following a series of platform outages during historic price action earlier this month, Robinhood, a popular stock and cryptocurrency trading app, now faces another class action complaint. The lawsuit, filed March 25, was […]
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Bitcoin and Ether still offer better returns than other risk assets during crypto market uptrends and both remain positively correlated with gold in bull and bear markets. Bitcoin (BTC) price is slowly recovering, reaching $5,500, after last week’s Black Monday style market meltdown which led to Bitcoin price pulling back sharply as traditional markets suffered […]
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