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Canaan’s American IPO Is a $100 Million Bet on a Bitcoin Bull Market

Bitcoin mining is a delicate balance of these three factors: equipment efficiency, electricity costs, and bitcoin price. Miners often have control over the first two factors but they are at the mercy of the dominant cyptocurrency’s volatility. Fortunately for miners, there’s one event that can help them stay profitable. Continue reading Canaan’s American IPO Is a $100 Million Bet on a Bitcoin Bull Market

Huobi Global’s Ban on U.S. Customers Could Rattle Huobi Token

In a blog post, the world’s third-largest cryptocurrency exchange by trading volume, Huobi Global, announced that it had been steadily disabling the accounts of its U.S. customers. Now, the firm plans to cut off all the remaining U.S. accounts on Nov. 13. The decision was made to comply with U.S. laws and regulations based on the company’s user agreement. Continue reading Huobi Global’s Ban on U.S. Customers Could Rattle Huobi Token

UK Govt Official Swats Question on Proposed Crypto Derivatives Ban

The decision over whether to ban the sale of crypto derivative products to retail customers in the UK will be determined solely by the financial regulator. This was the message delivered by Economic Secretary to the Treasury, John Glen, in an answer to a question posed by the Member of Parliament for Shipley, Philip Davies. Continue reading UK Govt Official Swats Question on Proposed Crypto Derivatives Ban

Overstock Shares Crash as Former CEO Cashes Out – Goes All In on Crypto and Gold

Ousted former CEO of Overstock, Patrick Byrne, revealed via a regulatory filing on Wednesday that he offloaded his entire holdings in the internet retailer he’s been at the helm for since 1999. Continue reading Overstock Shares Crash as Former CEO Cashes Out – Goes All In on Crypto and Gold