Crypto business - Tag Archives - Cryptonews (Page 2)

Here’s What China’s Bitcoin Mining Crackdown 2.0 Looks Like

Chinese crypto miners are reluctantly calling it a day – with reports of miners nationwide shuttering their operations, going offline, and either selling their equipment for reduced prices or relocating overseas.Source: Adobe/pitrsThe alacrity of Middle Kingdom’s Crypto Crackdown 2.0...

, by Tim Alper

Canaan Diversifies Business by Becoming a Bitcoin Miner In Kazakhstan

Major producer of Bitcoin (BTC) mining equipment Canaan announced it has moved beyond its existing business model and into becoming miners themselves, as "the logical next step" towards optimizing their revenues, strengthening the inventory management and supply chain capabilities, as well as...

, by Sead Fadilpašić

Bitcoin Miner Relocation Within China and Worst Case Scenario

The relocation of Bitcoin (BTC) miners within China is already underway – and should the situation worsen, they might also be moving out of the country in droves, according to Jiang Zhuoer, CEO of mining pool BTC.TOP. This, however, would lead to hashrate decentralization. Source:...

, by Sead Fadilpašić

Trezor Sales ‘Have Gone Through the Roof’ Ahead Of Suite Launch

SatoshiLabs, the maker of the Trezor hardware wallet, saw their revenues skyrocket this year ahead of their Trezor Suite launch, estimated in mid-July.Source: AdobeStock / NatalyAs per the company's spokesperson, the revenues increased five times since the beginning of 2021, compared to the same...

, by Sead Fadilpašić

FATF Makes Small Crypto Platforms Easy Prey For Big Players

Many smaller crypto firms will struggle to integrate the new guidelines. It could impact diversity and inclusivity. There is still room for strengthening the voice of developing countries in the standard-setting process.Source: Adobe/Vasilev EvgeniiAs the cryptoasset industry grows, it’s...

, by Simon Chandler

BitMEX Confirms Expansion Plans, Focus On Derivatives Remains

Building on its earlier announcement of expansion plans, crypto derivatives exchange BitMEX has unveiled it is broadening its offer with five new business segments: spot, brokerage, custody, information products, and academy. The company will also seek additional licenses in a number of...

, by Jaroslaw Adamowski

Coinbase Aims At New Markets, Reg Hurdles After Nasdaq Debut

Major crypto exchange Coinbase is already dominant in the US market, as it was valued at around USD 100bn on its first day of trading on Nasdaq. Now the company, which was co-founded by Brian Armstrong nearly a decade ago, has its sights set on the rest of the world. Marc Andreessen, Emilie Choi,...

, by Gerelyn Terzo

Next Week, Coinbase To Disclose Q1 Results Ahead of COIN Listing On April 14

Next week, US-based major crypto exchange Coinbase might provide more details about the status of the crypto market in the first quarter of this year as it aims for a direct listing of its shares on April 14. Source: a screenshot, Instagram/CoinbaseOn April 6, the company will hold a conference...

, by Linas Kmieliauskas

Sales and Income Rocket at South Korea’s Biggest Crypto Exchanges

South Korean crypto exchanges are having a bumper 2021, with sales and income figures rising through the roof at the nation’s two largest trading platforms.Source: Adobe/fotopolyPer Herald Kyungjae, recently released data from Vidente, a minority shareholder in the market-leading Bithumb...

, by Tim Alper

BitMEX Eyes Spot Trading, Custody As Arthur Hayes Prepares to Surrender

Major crypto derivatives exchange BitMEX is now seemingly working on all fronts in order to strengthen their positions amid regulatory crackdown and growing competition. Arthur Hayes. Source: Twitter, @CryptoHayesAlexander Höptner, CEO of 100x Group, the holding behind the platform, revealed...

, by Linas Kmieliauskas

BitMEX Mulls Plain Vanilla Products As It Looks To Increase Market Share

Major crypto derivatives exchange BitMEX might introduce a new range of plain vanilla, or basic financial products designed to boost its market share, according to Alexander Höptner, CEO of 100x Group, the holding behind the platform.Source: Adobe/dennizn“The products that we offer right...

, by Jaroslaw Adamowski

Coinbase Aims For USD 1B Direct Listing, Reveals Results and Plans

Today, US-based major crypto exchange Coinbase filed to go public via USD 1b direct listing on the Nasdaq Global Select Market under the symbol COIN this year.Brian Armstrong, CEO and Founder of Coinbase. Source: A screenshot, CoinbaseIn the filing with the US Securities and Exchange Commission,...

, by Linas Kmieliauskas

Crypto.com Aiming to Hit 100 million User Target by 2023 as CRO Surges

The masterminds of the Crypto.com app said that their platform is experiencing “accelerated growth,” and is now expecting to reach the 100 million user mark by 2023, a milestone that it claims is a “full two years ahead of schedule.”Kris Marszalek, Co-founder and CEO of...

, by Tim Alper

1 Million First-time Buyers Bought Bitcoin on Dorsey’s Cash App Last Month

2020 was a bumper year for Jack Dorsey’s Square and its crypto-embracing Cash App mobile payments app – but one that could soon be eclipsed, after the company revealed that “over three million customers” bought or sold bitcoin (BTC) on its platform in 2020, while January...

, by Tim Alper

Bitcoin Mining Becomes A Side Venture For Chinese Non-Crypto Firms

As bitcoin’s (BTC) skyrocketing prices continue to whet the appetites of companies from different backgrounds, tea and baked goods retailer Urban Tea is the latest example of a Chinese non-crypto business expanding into crypto mining and blockchain with the appointment of new leadership to...

, by Jaroslaw Adamowski

Trezor December Sales Were ‘Off the Charts’

SatoshiLabs, the maker of the Trezor hardware wallet, saw a major increase in the popular wallet's sales in the last month of 2020, and one of the reasons for the boost in numbers was their competitor Ledger's ongoing data breach incident, according to the company's Chief Technology Officer...

, by Sead Fadilpašić

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