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The prolonged crypto bear market has hit a number of high profile companies such as Bitmain and ConsenSys but even the purveyors of the world’s most popular mining malware have felt the squeeze. The notorious Coinhive mining service is shutting down as it is no longer economically viable....
The financial markets authority of Quebec (AMF) is requesting that investors in a cryptocurrency mining company contact them. The announcement comes after Technologies Crypto Inc. was issued with a series of freezing orders in connection with existing securities regulations earlier this month. Technologies Crypto Inc. reportedly took over...
The economics of Bitcoin (BTC) is a touchy subject. Case in point, debates regarding the subject matter are the catalyst for some of the project’s leading forks. And while discourse regarding the subject has dissipated, especially as Craig Wright and Roger Ver have gone on their merry way,...
The long-running bearish sentiment of cryptocurrency market has claimed another victim. Giga Watt, a US-based Bitcoin mining firm, sent an email to its customers, stating that it has decided to close down operations. The company clarified that it had lost access and power to its mining facilities because it...
Just in the past two months, Bitmain has fired more than half of its staff, has closed an entire office in Tel Aviv, has shuffled top management, and removed two of its chief operations officers. And today, the Chinese bitcoin mining giant decided that it would close another...
The bear market of 2018 has hit crypto mining companies particularly hard as mining on certain types of hardware is no longer profitable. Falling prices and hashrates have dropped difficulty somewhat but not enough to prevent the founders of the world’s largest mining company to step down as...
Since the Ethereum Constantinople’s activation date was confirmed, a mass of leading crypto researchers, analysts, and commentators have claimed that the pertinent blockchain upgrade is a net positive for this industry. However, a deep-dive, research-backed exposé from an industry insider has gone against popular belief, claiming that Constantinople...
China’s number-two Bitcoin mining equipment manufacturer, Canaan, is reportedly considering an initial public offering (IPO) in the United States. The new development comes after the company shelved plans to go public in Hong Kong just a few months ago. Although an IPO would be a great way for...
As Bitcoin and crypto prices continue to fall profitability from mining using certain types of hardware inevitably follows suit. Japan has a number of high profile corporations heavily invested in mining operations and it looks like they are about to pull the plug. Closure of Crypto Mining Hardware...
While Bitmain has made forays into artificial intelligence and other budding markets, at heart, Bitmain is a Bitcoin– and crypto-centric mining startup. So, it should come as no surprise that industry participants were shell-shocked when hearsay arose that Bitmain was poised to shutter a number of its mining-related...
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