If small mining facilities begin to capitulate by the year’s end, will BTC struggle to recover in the first quarter of 2020?
Category: Blockchain Mining
The long awaited IPO from Chinese Bitcoin mining hardware manufacturer Canaan Inc kicked off yesterday. The $90 million public offering was a little underwhelming considering previous valuations and the firm ended its first day trading flat. Bitcoin Mining Shares Back at $9 This week Chinese mining giant Canaan Inc. completed its initial public offering in […]
A nuclear lab researcher in Russia will reportedly be serving three years in a prison colony for allegedly using government equipment to illegally mine Bitcoin (BTC). Andrey Rybkin, a nuclear scientist working at the All-Russian Scientific Research Institute of Experimental Physics in Sarov, was the last of three other employees to receive a prison sentence […]
The pressure appears to be mounting again for Bitcoin. A couple of months ago they were saying ‘you’ll never get another opportunity to buy four figure BTC’, and today it is looking like dumping back to $6,000. All hopes are now pinned on the halving seven months away, but can it really prevent another bear […]