Markets

Bitcoin is down after China signals it wants to ban bitcoin mining

Bitcoin slid 2% after China’s state planner added bitcoin mining to a draft list of activities it wants to ban, according to Reuters. The decision comes as the Chinese government continues to crack down on cryptocurrency trading exchanges, cryptomining, and new cryptocurrencies. China is the world’s largest market for bitcoin-mining […]
Bitcoin is down after China signals it wants to ban bitcoin mining
Tech

The world’s largest producer of bitcoin mining chips, which is run by a 32-year-old billionaire, is reportedly considering an IPO

The world’s largest producer of bitcoin mining chips, Bitmain Technologies, might be considering going public. Bitmain’s founder, the cryptocurrency billionaire Jihan Wu, told Bloomberg that Bitmain was considering an initial public offering as it expands into producing hardware for artificial-intelligence computing. Bitmain Technologies, the world’s largest producer of bitcoin mining […]
The world’s largest producer of bitcoin mining chips, which is run by a 32-year-old billionaire, is reportedly considering an IPO