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Argo Blockchain Sees Mining Revenue Rise Tenfold in 2019

News Publicly-listed mining company Argo Blockchain had a tenfold increase in revenue for 2019 over the previous year, ProactiveInvestors reports on Jan. 20. Its shares bounced as the company plans further expansion in the upcoming year. Argo Blockchain PLC is a company operating mining rigs for p..

Bitcoin Can Gain 100% in 2020 — Halving Not Priced In, Says Fundstrat

News Bitcoin (BTC) can deliver 100% returns to investors in 2020 and may rise significantly in the five months until May’s block reward halving, a new report claims. In its forthcoming 2020 Crypto Outlook, market research firm Fundstrat Global Advisors said it believed that the halving was not ye..

Ousted Co-Founder of Crypto Mining Firm Bitmain Opposes Layoffs

News Micree Ketuan Zhan, the co-founder of Bitmain who was recently dismissed by Bitmain’s current CEO Jihan Wu, has publicly opposed layoffs at the firm. As Bitmain — the world’s largest cryptocurrency mining firm — is reportedly planning to cut its workforce by 50% before the next Bitcoin (BTC) ..

Bitmain May Soon Cut 50% Of Staff Ahead of Bitcoin Halving

At a time, Beijing-based cryptocurrency mining company Bitmain was easily the largest Bitcoin-related company, sporting a valuation of (at least) $14 billion in the Chinese private equity markets. Though, since it secured such valuations in 2018, Bitmain’s business has slowed in a spectacular fashi..

Mining Giant Bitmain May Lay Off Another 50% of Staff Before BTC Halving

News Cryptocurrency mining giant Bitmain reportedly has plans to reduce its workforce by another fifty percent. On Dec. 2, Chinese news media outlet Wushuo Blockchain reported that Bitcoin (BTC) mining rig maker Bitmain has launched a “personnel optimization plan” that will layoff a significant po..

Four Months Out: What Do Analysts Think of the Bitcoin Halving Effect on Price?

With it now being January 2020 — happy new year, Blockonomi readers — Bitcoin’s “halving” or “halvening” is now four months out. For those that missed the memo, this cyclical event that takes place every four years is when the number of coins issued per block gets cut in half, equating to a 50% dec..

Google Trends: Bitcoin Halving Refutes ‘Nonexistent’ Retail Interest

News Bitcoin (BTC) investors and mainstream consumers are paying more attention to the cryptocurrency’s block reward halving in May 2020. According to data from Google Trends on Dec. 17, worldwide searches for “Bitcoin halving” have significantly increased in the course of 2019, over a year before..

What is Bitcoin Halving? Complete Guide to this Mining Change

Every four years or so, bitcoin undergoes an important event known as the “bitcoin halving”. This first happened in 2012, and again in 2016. Likewise, it will happen again next year around May 2020. What is the bitcoin halving? What impacts does it have on the economics of bitcoin? In this article,..

Industry Investor: Bitcoin Halving May Not Push Prices Higher

In less than six months’ time, Bitcoin will see an extremely important event. Known as a “halving” or “halvening,” the number of coins issued per block to miners will get cut in half, effectively meaning that Bitcoin’s inflation rate will be cut in half in layman’s terms. What’s interesting is that..

Halving Will Be ‘Non-Event’ for BTC Price: Morgan Creek Digital Exec

News Bitcoin’s (BTC) 2020 block reward halving continues to generate mixed opinions regarding price performance, as one analyst suggests its impact will be next to nothing. In a tweet on Dec. 1, Jason Williams, co-founder at digital asset fund Morgan Creek Digital, said that unlike many others, he..

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