Chinese mining giant Bitmain is reportedly scrambling to respond to market conditions amid a major crackdown on the crypto mining activity by local authorities.According to a Wednesday report by Chinese news agency Sina Finance, Bitmain has halted global spot sales for its new Bitcoin (BTC) mining devices in order to avoid losses by customers amid massive selling on the … [Read more...] about Bitmain reportedly suspends Bitcoin miner orders amid booming secondhand supply
Booming
DeFi institutional adoption is booming but gas fees hinder growth
Panelists at a DeFi-focused talk held at the BlockDown conference on Thursday expressed their optimism at the past and future growth of decentralized finance, but highlighted the hurdles to adoption due to congestion on Ethereum.The panel, titled “DeFi’s newest waves,” featured Anton Bukov, co-founder of 1inch Network, Ajit Tripathi, head of institutional business at Aave, … [Read more...] about DeFi institutional adoption is booming but gas fees hinder growth
Why cryptocurrency is booming in India despite national ban fears
India has been the subject of intense speculation regarding the future legal status of Bitcoin (BTC) and other cryptocurrencies in recent months.Speculation went into overdrive in February when an anonymous Indian minister told Bloomberg that a nationwide blanket ban on cryptocurrency was imminent and that holders would be given a matter of months to dispense with their coins … [Read more...] about Why cryptocurrency is booming in India despite national ban fears