Bitcoin Miner Bitfarms Closes $15M Brokered Private Placement

Back in October, one trader made a long-shot bet that bitcoin would hit $36,000 by January. It paid off in a spectacular way. If crypto trading had a Hall of Fame, this trade would surely be in it. (Andrzej Rembowski/Pixabay )Jan 13, 2021 at 6:36 p.m. UTCTrading Hall of Fame: The Bitcoin Options Bet That…

Jan 20, 2020 at 09:00 UTCZhao Dong spoke at cryptocurrency event in March 2018 hosted by Mars Finance. Zhao's image courtesy to Mars FinanceBitfinex Investor’s Crypto Lending Startup Posts $2.3M in 2019 RevenueChina-based RenrenBit, a peer-to-peer cryptocurrency lending and wallet startup, has disclosed it took $600,000 in net income from revenue of $2.3 million in…

Miners will need to maintain their existing hashrate, energy and real estate while competing with the rest of the network.The months after halving are the most difficult.The mining sector recovered after previous halvings, demonstrating the resilience of the network and the industry.Bitcoin (BTC) holders have historically welcomed the quadrennial reward halving in the expectation it

The outflow last week totaled $942 million, according to a CoinShares report.Altcoins fared better last week, with $16 million of net inflows – notably into polkadot, avalanche and litecoin.Digital asset investment products witnessed record weekly outflows last week after billions piled into the vehicles over the past few months.Led by $2 billion in exits from

Circle filed to relocate its legal base to the U.S. from IrelandThe issuer of the second-largest stablecoin said in January that it planned to list its shares in the U.S.02:27Grayscale Begins Trading First Spot Bitcoin ETF; Circle Files for IPO02:23Closing Arguments Start in Sam Bankman-Fried's Trial; Could Bitcoin Reach $150K by 2025?12:57Circle’s Chief Strategy Officer

U.S.-listed spot bitcoin ETFs saw over $880 million in inflows on Tuesday, led by Fidelity's FBTC.Bitcoin rose over $71,000 in Asian trading hours, adding 3% in the past 24 hours, with the CoinDesk 20 index rising 2.65%.U.S.-listed spot bitcoin (BTC) exchange-traded funds (ETF) saw over $880 million in inflows on Tuesday led by Fidelity, provisional

news Derivatives exchange FTX has launched an index of eight popular China-based cryptocurrencies. Announced in a tweet by the firm’s CEO Sam Bankman-Fried Tuesday, the Dragon Perpetual Futures Index (DRGN-PERP) tracks a basket of coins including BTM, IOST, NEO, NULS, ONT, QTUM, TRX, and VET, based on a weighted average of their respective prices. FTX…

Developing countries are major crypto users, given volatile exchange rates and lack of access to banks.Central bankers from Latin America reiterated concerns about crypto failing to deliver on its promise, but say the technology should be controlled, not forbidden.Crypto is failing to reduce financial risks in emerging markets, but the response should be regulation rather…

The Securities and Exchange Commission (SEC) recently had a no-good, very bad day because of a district judge’s ruling in the SEC’s action against Ripple’s XRP token. Despite issuing a statement filled with bravado and the kind of detachment from reality that might make even Donald Trump think twice before pressing send, the SEC likely…