The Finance Prof. Who Says Bitcoin’s Going to ‘Bite The Dust’ Is Wrong

By CCN.com: Kevin Dowd is a Professor of Finance and Economics in the Business School at Durham University, Northeast England, and the co-author of the 2015 paper “Bitcoin Will Bite the Dust,” along with market analyst and author, Martin Hutchinson, for the libertarian Cato Institute in Washington DC. CoinDesk published an op-ed by Dowd Monday,

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The Finance Prof. Who Says Bitcoin’s Going to ‘Bite The Dust’ Is Wrong

By CCN.com: Kevin Dowd is a Professor of Finance and Economics in the Business School at Durham University, Northeast England, and the co-author of the 2015 paper “Bitcoin Will Bite the Dust,” along with market analyst and author, Martin Hutchinson, for the libertarian Cato Institute in Washington DC. CoinDesk published an op-ed by Dowd Monday,

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Giga Watt: Bitcoin Mining Company Finally Shutting Down Amid Unpaid Power Bills and Bankruptcy Hearings: Token To Be Worthless

A user contacted CCN with information related to Giga Watt, a Bitcoin mining company finally going out of business after declaring bankruptcy in November 2018. The firm lasted a little over a year, launching with an ICO model in September 2017. The business model of Giga Watt was slightly different than other hosted mining solutions.

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Crypto Mining Giant Canaan Eyes New York IPO After Hong Kong Snub

The world’s second-largest manufacturer of cryptocurrency mining hardware, Canaan Creative, is now considering going public in the United States rather than in Hong Kong, Bloomberg reports. According to sources who spoke to the business publication, the ASIC manufacturer is looking into the possibility of holding its initial public offering (IPO) in New York in the

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Bitcoin Miner Raked in $14.5 Million in Crypto Using $3 Million in Stolen Electricity: Police

A bitcoin miner in Taiwan was arrested and charged for mining 100 million yuan (roughly $14.5 million) in crypto using NT$100 million (or $3.2 million) in stolen electricity. The man, whose surname is Yang, is accused of operating 17 illegal cryptocurrency mining centers using fake storefronts across Taiwan. The bootleg mines were located in the

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What’s Next for Crypto Miners?

After the high note with which crypto ended 2017, 2018 has been a dour reminder that crypto markets remain unpredictable at best. From its peak at nearly $20,000 in December, bitcoin spent most of 2018 in a steady decline. Today, bitcoin’s price is closer to $3,000, and the tumble has caused a ripple effect that

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Number of Reachable Bitcoin Nodes Fell 19% in 2018

Data from Bitnodes shows that the number of reachable nodes on the bitcoin blockchain fell 18.98 percent in 2018 from 11,845 to 9,597. In the same period, the number of unreachable nodes also fell 33 percent from 98,000 to 65,500. To understand the significance of the data, it is helpful to establish the functions of

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Bitcoin Difficulty Drops Over 7%

Bitcoin’s mining difficulty has dropped more than 7 percent over the past 24 hours as the fallout of the prolonged market rout continues. Despite a recent recovery that has taken bitcoin above $4,000, many miners are still finding it difficult to remain profitable or break even. CCN reported in November that any cryptocurrency miners in

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Crypto Miners are Struggling, Can They Survive the Bear Market?

Over the past several months, some of the biggest crypto mining centers and facilities in Europe and Asia have closed amidst lowering cryptocurrency prices and a decline in overall market activity. This week, according to FT, Bladetech, a startup that emerged in March to create the largest Bitcoin mining facility in the U.K. has put its

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Iranians Turn to Bitcoin Mining to Cushion the Effects of U.S. Sanctions

Iran is in the middle of a bit of an economic crisis right now. Due to hiccups caused by the sanctions that were imposed by the United States government a while back, the government of Iran has had its hands full with merely keeping its economy afloat. Due to this, it would appear that the

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