Report Reveals Crypto Mining Giant Bitmain Lost $625M, Profit Expected in April

The China-based crypto mining equipment manufacturer Bitmain reportedly lost $625 million during the first two months of 2019. This is at least if a fresh report from a local media outlet is to be believed. Bitmain reportedly lost over half a billion in two months This news was first covered by the Chinese, Tencent-run news … Continue reading Report Reveals Crypto Mining Giant Bitmain Lost $625M, Profit Expected in April

Chinese Bitcoin Mining Giant Reportedly Files First US Crypto Mining IPO

A fresh report suggests that the Chinese Bitcoin mining behemoth Canaan Creative has submitted an IPO in the USA. This would make Canaan Creative the first Chinese crypto mining company to file for an IPO in the US. Some are speculating that this may be an example of crypto mining firms rebounding. Has Canaan Creative … Continue reading Chinese Bitcoin Mining Giant Reportedly Files First US Crypto Mining IPO

Did Two Miners Execute A 51% Attack on Bitcoin Cash?

51% Attack on Bitcoin Cash blockchain

A fresh report is alleging that two miners recently executed a 51% attack on the Bitcoin Cash blockchain. Specifically, the two mining pools are said to have performed the attack to stop a third party from taking advantage of a security hole left in place by a code update. BTC.top and BTC.com reportedly performed the … Continue reading Did Two Miners Execute A 51% Attack on Bitcoin Cash?

China Economic Planner Considers Ban on Cryptocurrency Mining

China Economic Planner Considers Ban on Cryptocurrency Mining

This Monday, China’s National Development and Reform Commission (NDRC) published a paper including undesirable economic activity that the Chinese government wants to see phased out. Perhaps most notably, Bitcoin mining is included among these activities. China is the largest crypto mining market in the world Furthermore, this comes as China is currently the largest market … Continue reading China Economic Planner Considers Ban on Cryptocurrency Mining