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Bitmain’s US IPO Plans Could Go Up in Smoke

Bitmain, a leading bitcoin miner, has secretly filed for an IPO that is sponsored by Deutsche Bank, a German multinational company, as reported by Tencent News. The company has been struggling to bounce back since crypto winter. The black swan event dampened demand for cryptocurrency mining machines, causing profitability to plummet. The reported secret filing with the U.S. Securities and Exchange Commission (SEC) will help raise badly needed capital. Bitmain is reportedly looking...

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Only 30 Percent of U.S. Citizens Know the Truth about the U.S. Dollar

A recent study carried out by Genesis Mining revealed some interesting details that would shock you too, except of course you already knew the answers. The study was conducted by the digital currency firm to gauge the level of knowledge US Citizens have about the Dollar, the world’s current ‘reserve currency.’The U.S. Dollar was backed by gold until 1971, a fact that has seemed to only make it into the knowledge-trivia of most people half-baked. According to the study, a significant number of...

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Nearly 1/3 of Americans Believe This Myth About the US Dollar

Nearly one-third of Americans falsely believe that the US dollar is backed by gold, and 70% don’t know what is backing it. That’s just the tip of the iceberg when it comes to US financial illiteracy, however. A new study reveals just how little Americans know about how their money works. An eye-opening new study into financial literacy reveals just how little Americans know about the US dollar – or how the monetary system works at all. The study, sponsored by cryptocurrency firm...

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Russian Official to Challenge China’s Bitcoin Mining Supremacy

A Russian company has decided to turn an aluminum plant into a crypto mining facility. The facility plans to take on China’s supremacy in bitcoin mining. If bitcoin manages to trade around $9,160, the Russian company estimates profits of up to $99 million per month. The cryptocurrency industry is having an exciting month as governments and private entities make announcements that contribute to the growth of the field. First, it was reported that billionaire Peter Thiel along with...

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Xi’s Throwaway Blockchain Quote is Sparking China’s Crypto Frenzy Again

Blockchain business begins to boom in China. Bitcoin runs off the back of blockchain adoption, creating a vast grey area in the country. Provinces all over China start to heed President Xi’s call to action. Thanks to a reinvigorated stance on blockchain from China’s Premier, Xi Jinping, China may be on the brink of an entirely new crypto craze. Xi Pumps Blockchain Last week Xi shocked the cryptocurrency world by throwing the insurmountable force of China behind bitcoin’s underlying tech....

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Canaan Creative Is Looking to Get Itself Listed on the Nasdaq

Canaan Creative – the second-largest developer and distributor of bitcoin mining equipment – has filed for a public listing on the Nasdaq. The company is hosting a $400 million initial public offering (IPO) to potentially pay off debts and fund both blockchain artificial intelligence (AI) research.Canaan Creative Is Rushing to the GoalCanaan is among the largest companies developing bitcoin miners, and is second only to Bitmain, which like Canaan, is stationed in China. As it stands, both...

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Canaan: Bitcoin Mining Gigant plant Börsengang

Das Bitcoin-Mining-Unternehmen Canaan aus China will an die US-Börse. Das Unternehmen hat am 28. Oktober einen entsprechenden Antrag bei der US-Börsenaufsicht eingereicht. Am 28. Oktober reichte Canaan einen Antrag bei der US-Börsenaufsicht ein. Der Bitcoin Mining Gigant aus China plant einen Börsengang in den USA. Canaan als erstes BTC-Mining-Unternehmen an der US-Börse...

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Bitmain Files Secret IPO Application with Deutsche Bank as Sponsor

Even though there’s currently no official word from the company, it has been reported that China’s Bitmain Technologies – one of the largest crypto mining manufactures in the world – has secretly made an official application with the United States Securities and Exchange Commission (SEC), to float an initial public offering (IPO). The move is also said to be fully backed by a German multinational financial services company, Deutsche Bank.Because it is supposedly a secret filing, there aren’t...

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Russian Company Strives to Mine 20% of the World’s Bitcoin Supply

Russia has always had great ambitions, and now this vast country is planning to embrace a significant part of the Bitcoin (BTC) mining industry. To deeper penetrate into this activity, Russian Mining Company (RMC) owned by Russian entrepreneur Dmitry Marinichev is planning to build a new facility in the northern province of Karelia.According to the local news outlet RBC, the equipment for mining will be stationed on the Nadvoitsy Aluminium Smelter, a metalworking plant that is not used since...

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#739 Parteitreue per Blockchain, Jihan Wu zurück bei Bitmain & Russland Bitcoin Mining

Hey Krypto Fans, willkommen zur Bitcoin-Informant Show Nr. 739. Heute geht’s um folgende Themen: Chinas Regierung erfasst Parteitreue über Blockchain, Jihan Wu übernimmt die Kontrolle über Bitmain & Russland will grosse Bitcoin Mining Farm aufbauen. 1.) Chinas Regierung erfasst Parteitreue über Blockchainhttps://www.btc-echo.de/ueberwachung-chinas-regierung-erfasst-parteitreue-ueber-blockchain/ 2.) Bitmain Turmoil: Co-Founder and Executive Director Micree Zhan...

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