Competition among Bitcoin miners has eased up, as the recent price drop thinned the herd, fresh data shows
Mt. Gox Trustee May Sell Off Some Crypto Assets, Says Draft Repayment Plan
The trustee of the now-defunct bitcoin exchange intends to liquidate cryptocurrencies other than bitcoin and bitcoin cash as part of a draft rehabilitation plan.
Price Drop Casts Pall Over Bitcoin Miners’ Equipment Upgrades
Bitcoin miners spent $500M+ over the past six months preparing for May’s “halving”. Last week’s price crash means they may wait longer for the payoff.
Bitcoin Falls to 1-Month Low Below $8K Amid Global Market Rout
The price of bitcoin has fallen to a one-month low below $7,900, amid a wider sell-off in the global financial markets.
Exiled Bitmain Co-Founder Is Fighting Back With Second Lawsuit
Micree Zhan, the ousted co-founder of Bitmain, has filed another lawsuit in his fight to regain control of the bitcoin mining giant – this time in China.
Crypto Lender Babel Hits $380M in Outstanding Loans
Chinese cryptocurrency lending startup Babel Finance said it has reached a record of $380 million in outstanding loans as of February.
India’s Supreme Court Lifts Banking Ban on Crypto Exchanges
The Supreme Court of India has ruled against a decision imposed by the country’s central bank nearly two years ago that curbed crypto trading in Asia’s third-largest economy. According to a report from Bloomberg, a three-judge bench of the court ruled on Wednesday in favor of petitions by crypto exchanges and startups that opposed the […]
Bitcoin’s Computing Power Is Growing Again After Coronavirus-Related Disruption
The bitcoin network’s processing power is growing again as major Chinese miner manufacturers resume shipments following coronavirus-related delays.
World’s Top Crypto Miners Race to Roll Out Top-of-Line Machines Ahead of Bitcoin Halving
Bitcoin miner manufacturers Bitmain and MicroBT are racing to bring top-of-the-line machines to market ahead of bitcoin’s halving event.
Fidelity International Invests $14M in Hong Kong Crypto Exchange Operator
Fidelity International, a spin-off of the U.S. financial services giant Fidelity Investments, has invested $14 million in Hong Kong-based BC Group, which operates crypto exchange OSL.
Insolvent Exchange FCoin Had Bitcoin Outflow Problems Just Two Months After Launch: Report
The exchange, which revealed its insolvency this week, may have already had issues as early as July 2018.
Crypto Exchange FCoin Insolvent After Revealing Up to $130M Bitcoin Shortfall
Fcoin, a crypto exchange that adopted the controversial “trans-fee mining” model, has paused trading and withdrawal services after revealing a shortage of crypto assets worth up to $130 million.
Bitcoin Mining Unit Manufacturer MicroBT Nibbles at Bitmain’s Market Share
Bitcoin miner maker MicroBT rapidly expanded market share by selling over half a million units in 2019, chipping away at rival Bitmain’s dominance.
China’s Coronavirus Whistleblower Is Now Memorialized on Ethereum
Someone has just created a smart contract on the ethereum blockchain with source codes forming an image of a monument in memorial of Dr. Li Wenliang, the whistleblower of China’s coronavirus outbreak who died of the disease.
Reginald Fowler Rejects Plea Deal in Crypto ‘Shadow Bank’ Case
Reginald Fowler has rejected a plea deal with the U.S. government in an ongoing case that accuses him of operating “shadow bank” services tied to crypto exchanges.
Bitfinex Investor’s Crypto Lending Startup Posts $2.3M in 2019 Revenue
China-based RenrenBit has disclosed it took $600,000 in net income from revenue of $2.3 million in 2019.
How Was It Possible for Bitmain to Oust Its Largest Shareholder Overnight?
Corporate documents reveal new details about the ouster of Bitmain co-founder Ketuan “Micree” Zhan.
China May Soon Have Its First Blockchain Exchange-Traded Fund
China Securities Regulatory Commission has recently received an application for listing a blockchain-based exchange-traded fund.
Lawsuit Shows How a Public Firm’s $80M Bet on Bitcoin Miners Went Terribly Wrong
The legal dispute between bitcoin miner Ebang and Chinese public firm Wholeasy reflects the prolonged magnitude of last year’s market sell-off
Bitmain’s Miner Manufacturing Subsidiary Had $680k in Assets Frozen in a Contract Dispute
In the latest contract dispute to hit the firm, $680,000 belonging to a fully owned subsidiary of bitcoin mining giant Bitmain has been frozen by a Chinese court.
