What Crypto Bear Market? Japanese Banking Giant SBI Will Soon Mine Bitcoin

SBI Holdings, a major financial and banking giant in Japan, has formally announced the launch of SBI Mining Chip Co., Ltd., officially entering the bitcoin mining industry. In recent months, the most dominant forces in the global bitcoin mining industry in the likes of Bitmain, Cannan, and Japanese internet conglomerate GMO have struggled to adjust to market conditions. As the bitcoin bear market extended to a 15-month correction, despite the gradual increase in hash power, the demand for bitcoin mining due to the general decline in profitability of mining noticeably dropped. The entrance of SBI Holdings into the mining market

The post What Crypto Bear Market? Japanese Banking Giant SBI Will Soon Mine Bitcoin appeared first on CCN

News – CCN

Why Nasdaq’s Real-Time Crypto Data Portal Might Soon List Ripple

Ripple (XRP) is on a winning streak right now. Yesterday, the world’s third-largest cryptocurrency jumped 12% higher after Coinbase confirmed it would list XRP on its Coinbase Pro platform. Now there’s an XRP index in the works, and there’s a good chance it will be listed on the Nasdaq, the world’s second-biggest stock exchange. Bitcoin and Ethereum Indexes Now Live on Nasdaq On February 25, Nasdaq launched the long-awaited bitcoin and ethereum indexes on its platform. The indexes, powered by Brave New Coin, aim to provide a stable, accurate spot price for the cryptocurrencies. The listing on Nasdaq is a

The post Why Nasdaq’s Real-Time Crypto Data Portal Might Soon List Ripple appeared first on CCN

News – CCN