Top News from Friday to Today
Wipe OUT! Why many BTC miners just got liquidated in China- over-leveraged miners who recently took loans from crypto exchanges were among the casualties of last week’s crash. http://bit.ly/33pdITB
Bitmex CEO responds: How We Are Responding to Last Week’s DDoS Attacks. http://bit.ly/2x2YQ13
Bitcoin Mining is a Two-Part Competition: mining pools compete for miners, and exchanges compete for mining pools’ bitcoin. http://bit.ly/2QhZ62X
Exchange and Markets News
Binance Launches $50M ‘Blockchain for India’ Fund to incubate and invest in local startups that contribute to the creation of a sophisticated cryptocurrency and blockchain ecosystem. http://bit.ly/2xLvtRa
KuCoin Announces Changes to Structure and Strategy- including setting up of a larger entity called KuGroup that consists of three business groups, namely KuCoin Global, KuCloud, and the KuChain & KCS Ecosystem. http://bit.ly/3aYDGzy
Bank of Russia Says New Digital Assets Bill Will Outlaw Crypto Trading, Issuance. http://bit.ly/38W3pao
Investments
Blockchain startups get $3.1 million boost from South Korea gov’t. http://bit.ly/2wZuWe6
Bitfinex listed a Bahamas-based crypto hedge fund Fulgur Alpha, which is currently worth $280 million dollars. http://bit.ly/38X6abN
⛏️Mining
A sharp drop in the hash rate output of Bitmain Antminer E3 mining rigs on the Ethereum Classic network highlights that the hardware is approaching obsolescence in early April. http://bit.ly/2TZXtYz
Coins
How High Leverage in the Crypto Market Crashed Bitcoin to $3,800. http://bit.ly/33ox7nr
Tether (USDT) has now risen to fourth in the market cap of cryptocurrencies, behind BTC, ETH and XRP.
🧳 Business
Tokyo Blockchain Week n Japan Postponed From April to September Due to Coronavirus: http://bit.ly/2QmyQ7q
After making it easier to add Ethereum-based, in-game assets, Enjin’s next objective is to bring in more and more games to share those player-owned items. http://bit.ly/33mcuIu
⚖️Regulations
A senior engineer working on Baidu’s popular search engine was mining $14,000 using 200 Baidu servers between April and June 2018. http://bit.ly/39WFclJ
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