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Mining Fund Launches By Swiss Crypto Firm

Typically, we crypto enthusiasts see institutional investors as a white haven who put their main focus on investing in just digital assets. Now though, a partnership between blockchain startup Bitfury Group and Swiss investment firm Final Frontier aims to offer institutional and professional investors a way to reap from Bitcoin’s infrastructure as well. In a recent blog post, the two companies suggested that they have launched a regulated Bitcoin mining fund which targets this specific class of investors. The product has been developed by Final Frontier and will be under the supervision of the Financial Market authority, Liechtenstein’s financial regulator....

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China Could Be Preparing To BAN Crypto Mining

Cryptocurrency and China have had a rough history and over the past two years, things haven’t gone as smoothly as you’d hope. The top economic entity in the nation has pushed forward some new rules that would see government close down all cryptocurrency mining facilities across the country. The act of crypto mining died down a few months ago, as the bear market meant it was essentially unprofitable to do so. Now, in China, crypto mining is one of the industries that has been put forward for immediate elimination, labelling crypto mining as a backward process and that they are...

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Bitmain Ditch Idea For Huge Potential IPO

The biggest worldwide designer of cryptocurrency mining chips have had plans for an ambitious public offering in Hong Kong for a while now but they have decided to put the plans on the backburner due to the price plunge of Bitcoin. In terms of price, the leading cryptocurrency is currently priced at $4,069 following a 2.90 percent increase over the past 24 hours. Furthermore, the market cap of Bitcoin is $71,678,007,507 at the current time of writing. Earlier this week, Bitmain Technologies said that it has allowed its IPO application to lapse, six months after it was initially filed in...

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How This BTC Mining Firm Could Spark Growth

There are many people out there that refer to Bitcoin as ‘digital gold’ and if it is such a thing, investors may be better off looking for a way to mine it instead of outrighting buying it. Traditional mining companies are great proxies for their underlying commodity. Oil drilling and lithium mining firms around the world have a simple but effective business strategy which is to deploy the cash to set up a mining infrastructure, hire miners, extract and ship. If the costs of mining fall and the market price of the commodity increases, this will result in the prices...

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People Are Investing In Bitcoin Mining Gear Again

A sudden decline in Bitcoin and cryptocurrency mining took place through 2018 for two key reasons. First of all, rising costs for energy and expensive mining equipment made the set up of mining operations far more costly than they used to be. Secondly and more importantly though, the decline in the value of Bitcoin set mining profits crashing. Because a single Bitcoin is worth far less than it used to be just one year ago, the action of mining went from a profitable one, to a financial drain and thus, people had to stop. The full scale of this decline...

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