How Much Influence Will China Have On The Future Of Bitcoin?
China is intrinsically tied with bitcoin, more so than any other nation. The state has little tolerance for it, that much is known, but can past events give us any insight to the...
Bitmain, Roger Ver, Kraken Case: Judge Shows No Mercy to United Corp
US Judge McAliley has denied United Corp’s request for an extension to serve accusations to Bitmain and its CEO, Jihan Wu, citing the plaintiff has more than enough time to send...
Bitmain Supplies 4,000 Antminer S17 Pros to Nasdaq-listed Company
At a time of intense competition in the bitcoin mining space, Nasdaq-listed crypto mining firm, Riot Blockchain, is ramping up operations. The company has purchased over 4,000 Bitmain...
Bitcoin Miner Manufacturer Canaan’s Shares Crash 40%
Canaan shares recently crashed by as much as 40% on Nasdaq, which was likely caused by the continuous pressure on Bitcoin price. Bitcoin miners are in a tight spot once again, as...
Chinese Bitcoin Miners Control Two-Thirds of Global Hashrate
Chinese Bitcoin miners have extended their share of the global hash rate. Currently, they control two-thirds of Bitcoin’s processing power, Reuters reported yesterday, citing a...
Bitmain Begins Expansion into South America
Bitmain is looking to establish a significant presence as it partners with two Bitcoin mining consulting firms. Meanwhile, co-founder Jihan Wu continues to consolidate his hold on the...
Digital Gold Rush: Bitcoin Mining Boom Coming to American West
Sentiment in the crypto industry is generally bearish at the moment as bitcoin takes another turn south and threatens to drop into the $6k region again. BTC mining outfits are...
Crypto Mining To Revive Abandoned Town in California
Visionaries bought Cerro Gordo, a remote 150-year-old ghost town in California. They plan to convert the abandoned mining town into a crypto and blockchain haven. Bringing New Mining...
Bitmain Lawsuit Heats Up, Plaintiffs Fight Motion to Dismiss
United Corp, a Florida-based cryptocurrency company that sued Bitmain in December 2018, contested the mining giant’s motion to dismiss the case in a US court this week. A...
Bitmain’s Jihan Wu Announces Two New Antminer 17 Miners
This week, Bitmain Co-Founder, Jihan Wu, announced the launch of two new Antminer 17 series miners at the World Digital Mining Summit. The World Digital Mining Summit saw quite a bit...
Canaan Mining May Settle for Modest $100M IPO
Canaan Mining’s IPO in New York may raise only $100 million, at least based on recent edits to the prospectus. The company will aim to list on NASDAQ and become the first Chinese...
Bitmain Power Struggle Heats Up as Co-Founder Wrestles For Control
Chinese mining giant Bitmain is in the midst of a power struggle. Co-founder Micree Zhan who was ousted last week has returned with a vengeance asserting that he will use a legal team...