Bitcoin miner Rhodium files for bankruptcy in Texas court
Rhodium’s debts range between $50 million and $100 million, while its total assets are estimated between $100 million and $500 million.
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Roger Ver Trashes Bitcoin.com Coronavirus Layoff Claims as ‘More Bcash FUD’
Bitcoin.com CEO Roger Ver has brushed aside assertions that his website laid off 50% of its workforce, labeling the claims “more Bcash FUD.”Several cryptocurrency news outlets reported the layoff news after a post appeared on Candor, a site that purports to list jobs lost in response to the coronavirus. Problems with Candor’s methodsHowever, Candor’s list is…
Stock in Crypto Mining Firms Riot and Hive Massively Outperforms Bitcoin
The share price of Bitcoin (BTC) mining firms Riot Blockchain and Hive Blockchain has produced enormous year-to-date (YTD) gains, with stock in Riot nearly doubling while Hive tripled over 2020 so far.However, not all mining firms have fared well throughout the COVID-19 pandemic, with Canaan’s stock falling nearly 70% since early January, and both Hut…
Binance takes legal action against fake billboard ads in Turkey
Trying to cash in on Binance’s popularity in the country, scammers in Turkey have been found to rent numerous billboards to advertise fake Binance-themed opportunities. 301 Total views 25 Total shares Binance TR, the Turkish arm of crypto exchange Binance, has warned investors in the region of an ongoing scam attempt that targets crypto investors…
Blockchain Startup Bitfury Launches Artificial Intelligence Unit
Blockchain startup BitFury launched an artificial intelligence (AI) unit, Reuters reports on Aug. 13.“Data is the new oil”Bitfury chief executive officer and co-founder Valery Vavilov reportedly said that the company’s dive into AI is motivated by the need to analyze and extract information from great quantities of data. He reportedly noted that data is becoming…
Bitcoin price eyes’ last dip’ before October breakout: Analysts
Bitcoin analysts are eying an October breakout, despite the current market slump, partly caused by continuous negative outflows from the US Bitcoin ETFs.
Bears reign as 86% of September’s $284M CME Bitcoin options are worthless
As of now, the $622 million total open interest for BTC futures expiry on Friday seems quite relevant. This Friday, a total of $100 million in CME Bitcoin (BTC) options are set to expire. 58% of these are call (buy) options, meaning buyers can acquire BTC futures at a fixed price.As the expiry draws near, call…
China’s digital yuan os backup to AliPay and WeChat Pay, says official
Alibaba’s Alipay and Tencent’s WeChat Pay reportedly account for 98% of the mobile payment market in China. 196 Total views 2 Total shares China’s central bank digital currency, or CBDC, will provide backup for major retail payment services like AliPay and WeChat Pay as its key objective, according to an official at the People’s Bank…
‘Cryptocurrency Will Not Die’: Mainstream Media on Bitcoin in 2019
In late 2017, Bitcoin piqued the interest of millions of people hoping to capitalize on the ongoing frenzy and, as a result, drew the attention of various traditional media outlets. The press seemed largely skeptical about the concept of decentralization but proceeded to report on Bitcoin’s erratic price movement.This year, as the space has become…