Tag: mining

Ether, on Winning Streak, Surges to Record Over $3.2K, Tops Bank of America on Market Cap

Ether’s milestone comes with surging trader interest in the leading smart-contracts blockchain. Ether (ETH), the native cryptocurrency of the Ethereum blockchain, surged Monday to a new record price of over $3,200 amid fresh speculation the network’s value might soar as more traders warm to the potential of decentralized finance, known as DeFi, and other uses…
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ETF investors say Coinbase listing will cause explosion in crypto investing

The pending Coinbase direct listing, scheduled for Wednesday on the Nasdaq under the symbol COIN, is exciting a broad base of the investment community outside the usual cryptocurrency crowd. “Coinbase is going to blow people’s minds,” said Matt Hougan, chief investment officer at Bitwise Asset Management, which pioneered the first cryptocurrency index fund. “I think…
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Bitcoin Miners Are Again Stacking Coins in a Positive Sign for the Market

Blockchain data shows bitcoin (BTC, +2.27%) miners are accumulating coins and adding to bullish pressures in the market for the first time since December.   Analytics firm Glassnode’s miner position change metric, which gauges the 30-day change in the supply held in the miners’ addresses, recently turned positive in a sign of renewed holding by…
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Publicly-Traded Fintech Firm Acquires Chinese Mining Farm for $9M

Future FinTech, a New York-based publicly-traded software firm, has acquired Nanjing Ribensi Electronic Technology Co., in an effort to break into Bitcoin mining.   The U.S. tech company purchased the Chinese Bitcoin miner for $9 million, according to a press release. Per the agreement, FutureFinTech will take full ownership of the firm’s mining operations, which…
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