Mining hardware manufacturing is heating up with Japan based GMO unveiling a 7nm bitcoin mining rig. This is more powerful and efficient than incumbent Bitmain’s 16nm Antminer S9 and Halong Minings 10nm DragonMint T1.
Coinmint has invested $50 million so far to convert a 1,300-acre Alcoa aluminum smelting plant in New York into a bitcoin mining farm. They plan to invest a total of $700m to make this one of the largest in the world.
Bitmain, the world’s largest producer of bitcoin mining ASICs, may be about to go public. Last year they made a record $2.5bn in revenue.
Bitmain has raised $400m in pre-IPO funding at a $12bn valuation from Sequoia Capital China.
South Korean cryptocurrency exchange Coinex suffers $40m hack. The hackers targeted altcoin ‘Pundi X’.
Cryptocurrency exchange Binance will be launching fiat to crypto trading through a separate legal entity in Malta. The exchange has previously avoided regulations like KYC and AML by only allowing trading between cryptocurrencies.
The CTFC, as part of it’s investigation into market manipulation, has demanded the trading data of 4 major Bitcoin exchanges. These include Bitstamp, Coinbase, Itbit and Kraken, which altogether serve as reference price for the CME bitcoin futures.
Congratulations! This post has been upvoted from the communal account, @minnowsupport, by Cryptsheets from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP.
Be sure to leave at least 50SP undelegated on your account.