Cryptocurrency Analysis and News Portal
This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations. Regulatory noiseIn this week’s column, the Man in Shanghai is determined to squeeze all of the regulatory noise into
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Decentralized exchange volume recorded a third straight monthly high, Coinbase’s boardroom was mixed up ahead of a potential public listing and Tezos settled a class action asserting its $232 million ICO was an unregistered securities sale. You’re reading Blockchain Bites, the daily roundup of the most pivotal stories in blockchain and crypto
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Mining equipment manufacturer Canaan Creative reported a 2Q net loss of $2.38 million, or 10 cents a share, less than half the size of Q1’s $5.64 million loss, or 24 cents A replay of the company’s conference call will be accessible through Sept. 8 by dialing the following numbers: International: +61-2-8199-0299United
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Canaan Creative’s stock dipped below $2, its lowest price since the firm went public in November. Experts say demand for new mining equipment may have weakened after the Bitcoin network’s halving event in May. Meanwhile, the U.S. Air Force is using a blockchain startup to monitor its supply chain logistics, and an
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Shares of Canaan Creative, one of the few publicly traded crypto miner manufacturers, plummeted below $2, their lowest after going public in November. The Nasdaq-listed stock has been steadily falling since the bitcoin halving on May 11, according to data from Yahoo Finance. It closed at $1.98 at the end of
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Chinese mining application-specific integrated circuit (ASIC) manufacturer Canaan will launch new, improved mining machines with 5-nanometer chips in Q1 2020.Chinese industry news outlet 8BTC reported on Dec. 24 that the new ASICs will have significant advantages compared to the previous generation. The new firm’s 5nm manufacturing process is expected
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Canaan’s top-priced model, according to its website, is the “February batch” of the AvalonMiner A1166-68T machine for $1,978, providing 68 terahashes per second at an efficiency of 47 joules per terahash. In this case, a higher efficiency rating is worse, because it indicates more power usage and thus a higher
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In a flip flop scenario, the China-based crypt mining hardware manufacturer Canaan Creative has suffered a sharp decline in its stock price amid a consistent wave of pressure on the price of Bitcoin.On November 21, the first day the company began being traded on the NASDAQ, Canaan’s stock was priced
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Chinese Bitcoin (BTC) mining giant Canaan Creative’s depositary shares have seen a 40 percent drop in value since November initial public offering (IPO).Canaan was the first Bitcoin mining giant to go public on a major United States stock exchange, and successfully navigate an IPO. However, the mining giant’s stock
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