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Tuesday News Roundup

 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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