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China’s Inner Mongolia has banned cryptocurrency mining and declared it will shut all such projects by April, spurring fears the world’s No. 2 economy will take more steps to eradicate the power-hungry practice.
Read more about China declares war on cryptocurrency mining, stirring wider fear on Business Standard. Inner Mongolia plans to shut all such operations by April
The IPO fever whipping up animal spirits in the stock market has spilled over into the crypto-sphere. After watching investors pour millions into blank-check companies and seeing the likes of JFrog and Snowflake surge on market debuts, at least eight crypto firms are eyeing initial public offerings. Coinbase has filed. Other exchanges are laying out plans or looking to be acquired through special-acquisition vehicles. And two Bitcoin mining equipment firms in China are on IPO watch lists, according to Renaissance Capital. While it’s somewhat surprising that an industry that prides itself...
IPO Mania | Eight crypto firms eye initial public offerings; investors worried about froth: Report There are concerns that IPOs are just as chronically frothy as the cryptocurrency, and together they may result in a market bubble. January 24, 2021 / 07:02 PM IST The red-hot IPO mart is likely to get hotter as after observing how investors turned around the fortunes of several blank-cheque companies and firms that made their market debuts, at least eight companies dealing in cryptocurrency are planning to go public, as per a report. According to Renaissance Capital, among the new entrants ...
Source: Shutterstock Leading the way of the crypto mining stocks to buy is Riot Blockchain, which is based in Castle Rock, Colorado, and was founded in 2000. Its stock has a market capitalization of more than $1 billion. Its stock price surged from $1.49 in January 2020 to top $16 per share in late December 2020. The company is investing in its bitcoin mining business expansion heavily as it announced “an expected 65% increase in bitcoin mining hash rate capacity resulting from the purchase and future deployment of 15,000 S19 Pro and S19j Pro Antminers from Bitmain Technologies Limited.” ...