Alibaba to ban crypto miner sales amid Chinese crackdown
Chinese e-commerce giant Alibaba is the next company to wrap its cryptocurrency-related services in response to the ongoing crypto crackdown in China.
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Mining
Northern Data to obtain 33K ASIC miners through Bitfield acquisition
Blockchain and high performance computing firm Northern Data has announced it will acquire Bitcoin miner Bitfield.
According to a Sept. 27 press release, all major shareholders signed a binding purchase agreement for the entire Bitfield enterprise to be sold at a value of roughly $460 million.
Second-largest Ethereum mining pool to suspend all operations
Sparkpool, the second-largest Ethereum mining pool in the world, is suspending operations due to the ongoing Chinese crackdown on crypto.
The mining pool officially announced Sept.
Huobi outlines plan for Chinese investors after halting crypto trading
The uncertainties sparked by China’s blanket ban on crypto trading have taken a downturn as homegrown crypto exchanges such as Houbi take proactive measures to protect and return existing investments residing on the mainland.
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Chinese regulators unite forces to crack down on crypto
The Chinese government is getting more serious about cracking down on the cryptocurrency industry as state authorities are bringing forces to combat crypto operations in the country.
The People’s Bank of China (PBoC) officially announced on Sept.
Golem releases laptop app to mine Ethereum … but turning a profit is tricky
Mining Ethereum on a home PC can be done, but profits will be few and far between.
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One River Digital raises $41M from Goldman Sachs and Coinbase
One River Digital, a cryptocurrency-focused hedge fund offering exposure to Bitcoin (BTC) and Ether (ETH), has closed its first funding round after launching last year.
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Ohio to host BIT Mining’s new 85 MW Bitcoin mining facility
Bitcoin (BTC) mining company BIT Mining plans to invest $12.14 million to develop an 85 megawatts crypto mining center in Ohio.
As the company that owns the entire mining pool business operated under BTC.
Bitcoin mining difficulty surges 31% since July
As the Bitcoin network hash rate continues to recover amid global miners accumulating more capacity, the cryptocurrency is getting increasingly difficult to mine.
On Tuesday, the Bitcoin network posted another mining difficulty adjustment, rising 3.
Bitcoin miner Genesis Digital Assets raises $431M
Major Bitcoin (BTC) mining company Genesis Digital Assets has secured $431 million in funding to expand its industrial-scale mining operations in the United States and Nordics.
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