Analyst Questions Bitmain’s Revenue as Crypto Miner Seeks IPO

Ethereum’s backward-incompatible Shapella hard fork or Shanghai upgrade, slated to happen in eight days, will let users withdraw their "staked ether."The lingering fear in the market is that the impending unlocking of ETH deposited in the network to boost security in return for rewards will see some holders rush to exchanges to liquidate their tokens.According…

NEWS Sep 12, 2018 at 12:00 UTC Huobi Group is to expand its trading services to Japan via an imminent deal to purchase local licensed cryptocurrency exchange BitTrade. In an announcement on Wednesday, Huobi said its wholly owned subsidiary Huobi Japan Holding Ltd has inked an agreement with Eric Cheng, the sole owner of BitTrade, to acquire…

Apr 27, 2020 at 19:25 UTCAfter signs of success on its first iteration, the team behind CryptoWars is changing things up. (Credit: Experimental)CryptoWars Leaves Loom Sidechain in Pivot to ‘Play-to-Earn,’ Aka BettingIn another data point raising questions for blockchain-based gaming, Experimental Games' CryptoWars has pivoted away from running on the Plasma sidechain operated by Loom.…

Tether, issuer of the largest stablecoin USDT, said Thursday it has teamed up with blockchain surveillance company Chainalysis to monitor transactions with its tokens on secondary markets.The surveillance system includes international sanctions compliance and illicit transfer detection that could be associated with activities like terrorist financing, and would help Tether identify crypto wallets that could

CORRECTION (July 17, 15:11 UTC): Corrects story attribution to JMP Securities.The U.S. Southern District Court’s ruling in partial favor of payments network Ripple represents a landmark win for the crypto industry and provides clarity as to what does and doesn’t represent a security, investment bank JMP Securities wrote in a research note Friday.“Large capital pools…

Canada-based crypto exchange QuadrigaCX is waiting on a verdict in a long-running legal case against the Canadian Imperial Bank of Commerce (CIBC). At the heart of the dispute is CA$28 million, or about $21.6 million in U.S. dollars. The case began in January 2018, when the CIBC froze multiple accounts opened by QuadrigaCX's payment processor, claiming…

Oct 1, 2020 at 15:58 UTCUpdated Oct 1, 2020 at 16:15 UTCThe Reserve Bank of Australia (RBA) has told the country’s largest stock exchange to develop its blockchain-based trading platform without further delay. In a public statement Thursday, the RBA and the Australian Securities and Investments Commission (ASIC) told the Australian Stock Exchange that it…

Oct 16, 2020 at 18:50 UTC(NiseriN/iStock/Getty Images Plus)This New Service Plays Matchmaker Between Solo Miners, Big Mining FarmsA first-of-its kind service wants to play matchmaker between big-scale mining facilities and individual miners looking for a hosting setup.Bitcoin mining company HASHR8 just launched its Compass platform, a search engine of sorts for individual miners to shop…

Volcano Energy announced $1 billion in commitments to build a 241 megawatt (MW) bitcoin mine in the Metapán region of El Salvador, according to a Monday press release on Twitter. One of the investors is Tether, the issuer of stablecoin USDT, according to a separate press release shared with CoinDesk.The mining site will be powered…