While the mining machines are a new business line for ZJBC, it is not the AI and cloud communications-focused company's first foray into the cryptocurrency mining business. It noted that one of its subsidiaries, Changshi Telecommunication, has been building and maintaining blockchain mining farms since 2018.
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Oakland A’s selling discount luxury suites for Bitcoin
The price is set at one Bitcoin for a season six-person suite which costs $64,800—currently almost a $9,000 discount
The team is pitching the offer as a gamble, with Kaval noting that suites’ prices will fluctuate with the price of bitcoin, which he said, “adds to the excitement.” Of course, that means if bitcoin rises past $64,800 by the season’s close on Oct. 8, purchasers will have overpaid—assuming they aren’t selling BTC to pay for the suite in the first place.
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Bitcoin’s hiccup liquidates $500M of longs in one hour
Bitcoin 12% price plunge caused futures traders to lose nearly $500 million within an hour—and more than $2.8 billion over two days
One explanation is that many new and inexperienced traders have joined the market. On-chain analytics firm Glassnode’s founders Jan Happel and Jann Allemann had another: “There is excess greed in the system, with 60% of contracts levered 20x or more."
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Markets Report: Bitcoin puts in $54K low but strong holders keep demand flowing
The week’s downturn stays in force as analysts disagree over its root cause but buyers are far from in short supply
Bitcoin stayed lower on March 16 as the week’s comedown from all-time highs accelerated overnight. The move compounds an already bearish turn in Bitcoin markets which followed new all-time highs of $61,700 during the weekend.
