Cryptocurrency Tech Will Make Web Look like ‘Cute Experiment’: Circle CEO

Circle CEO Jeremy AllaireBlockchain unicorn Circle has made a series of strategic moves that all have one theme: to become a dominant force in the world of cryptocurrency. The startup is backed by some of the most influential companies in the sector, and the CEO believes that tokenization is truly the future. Boston-based Circle is not interested in

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Crypto Billionaires Among China’s Wealthiest, Despite Bear Market

Bitcoin price china CryptocurrencyThere is no question that the entire cryptocurrency sector is in a bear market, with many cryptocurrencies losing over 50% of their value.  However, this certainly hasn’t prevented individuals from becoming very wealthy through cryptocurrency-related ventures.  Specifically, despite the decrease in market capitalizations of various cryptocurrencies, several Chinese businessmen have landed onto a list of

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Bitcoin Mining Firms are Seeing Record Revenues, But Little Profit

bitcoin mining vulnerabilityNew research from Diar has revealed that while the price of bitcoin remains 40 percent higher than a year ago, and bitcoin miners have achieved record revenues of $4.7 billion this year, a host of factors including increased competition and computing power have combined to make bitcoin mining less profitable than before. The report says

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Crypto Mining Giant Bitmain Acquires Bitcoin Cash Wallet

Open source browser-based cryptocurrency wallet Telescope has officially announced its acquisition by Bitmain Technologies Inc., the world’s largest crypto mining rig manufacturer, which also runs one of the world’s most extensive cryptocurrency mining pools. The move comes at an important time for Bitmain, which is increasing its involvement in the bitcoin cash space as it

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Bitcoin Cash Analysis: BCH/USD in Breakout Zone after 25% Spike from Bitmain IPO Filing

Bitcoin Cash on Thursday jumped more than 25 percent against the US Dollar owing to strong fundamentals. Bitmain, one of the world’s largest digital miners and also the most energetic backer of BCH tokens, yesterday applied for its long-planned IPO round. If accepted, the Beijing company will go public on the Hong Kong Stock Exchange (HKEX). The

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Bitmain Likely Lost $400 Million Last Quarter: BitMEX Research

Bitcoin mining behemoth Bitmain likely posted a net loss of nearly $400 million last quarter, the China-based firm’s recently-filed public offering documents reveal. CCN reported yesterday that Bitmain had filed offering documents with the Stock Exchange of Hong Kong (HKEX), ahead of the long-awaited initial public offering (IPO) that promises to be the largest in

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Ripple and Bitcoin Cash Gain 20% as Crypto Market Adds $12 Billion

The crypto market has demonstrated a gain of $12 billion in the past 24 hours, triggered by a staggering 20 percent increase in the value of Ripple (XRP) and Bitcoin Cash (BCH). On September 25, CCN reported that the volume of XRP was a concern for traders as it dropped from $2 billion to $800

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Bitcoin Giant Bitmain Finally Files IPO in Hong Kong, Emphasizes 328% Yearly Revenue Growth

The world’s largest crypto mining equipment manufacturer Bitmain has finally filed an initial public offering (IPO) with the Stock Exchange of Hong Kong. Bitmain, which has demonstrated absolute dominance over the lucrative Bitcoin mining market for many years, is yet to disclose its target valuation. But, local analysts have stated that the success of the

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Bitmain Rival Ebang Launches New Line of Uber-Efficient Bitcoin Miners

One of Bitmain’s biggest rivals is ready to give the bitcoin mining giant a run for its money as both firms prepare to go public in Hong Kong. Upstart Bitcoin Mining Firm Unveils New 10nm Chip, Miner Series The China-based Ebang Communication, one of the world’s largest manufacturers of application-specific integrated circuit (ASIC) chips for

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Bitcoin Mining Giant Bitmain Unveils ‘Next-Generation’ 7nm Chip

Bitmain, the world’s most valuable cryptocurrency company, isn’t ready to relinquish its position as the dominant manufacturer of bitcoin mining chips — at least not yet. The China-based firm on Friday announced that it had developed a new 7nm application-specific integrated circuit (ASIC) mining chip for the SHA256 algorithm used by bitcoin, bitcoin cash, and

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