crypto

Chinese cryptocurrency mining titan Bitmain confirmed the restructuring of the company in order to “build a long-term, sustainable and scalable business.” In a statement to CBNN, a Bitmain representative said: “There has been some adjustment to our staff this year as we continue to build a long-term, sustainable and scalable business. ARead More →

crypto

BitMEX Research — the research arm of the BitMEX exchange — recently released a report analyzing the effects the recent market downturn has had on the mining industry. BitMEX’s conclusions are drawn from analysis of miner profit margins and the declining hash rate in Bitcoin, among other factors. As the 2018 bearRead More →

crypto

Bitcoin’s (BTC) mining difficulty saw its second largest drop in history, with a -15% adjustment on Monday, Dec. 3, as per data provided by major Chinese mining pool BTC.com. Bitcoin’s hashing difficulty algorithm is normally adjusted every two weeks to maintain the normal 10-minute block time. It has been adjusted for the second time todayRead More →

crypto

Envion AG, a crypto-based firm that aimed to combine cryptocurrency mining with green power, has been shut down by the cantonal court of Zug, Switzerland. The company was reportedly dissolved due to an alleged unauthorized Initial Coin Offering (ICO) on November 28, local German news outlet Handelsblatt reports. Envion was established toRead More →