Cryptocurrency Analysis and News Portal
Cloud mining firm Bitfufu, one of Bitmain's crypto firms, is delaying for the second time its plans to go public via a special-purpose acquisition company (SPAC), according to a statement on Feb. 7. The company announced its plans to go public in January 2022 through a merger with the SPAC company
Read More
Cash Cloud, the operator of Coin Cloud digital currency automatic teller machines (ATMs) in the United States and Brazil, filed for Chapter 11 bankruptcy in U.S. Bankruptcy Court for the District of Nevada on Feb. 7. According to its filing, the company has liabilities between $100 million and $500 million, with
Read More
Coin Cloud was provided an unsecured loan of $100 million from Genesis Global Trading. Original Source
Read More
The firm, part of Bitmain's family of companies, announced it would go public in January 2022 by merging with Arisz Acquisition Corp. (ARIZ). But it has now twice exercised its right to push the merger back by three months, with May 22, 2023, being the new deadline for the completion
Read More
AWS has created purpose-built tools for blockchain companies who want to run either "centralized ledger database that maintains an immutable and cryptographically verifiable record of transactions, or a multi-party, fully managed blockchain network that helps eliminate intermediaries," according to its website. Source
Read More
Microsoft is currently in the crosshairs at the time as its stock price is likely to trail a downtrend following the release of previous quarter earnings.Following the report from different users that applications from American multinational technology giant Microsoft Corporation (NASDAQ: MSFT) are down, the company has announced that it
Read More
Amid the ongoing rally in DeFi TVL, we’ve seen positive news and innovation popping up from the ecosystem. As the Aave protocol V3 cloud upgrade draws near, its native token, Aave, has skyrocketed since the beginning of this year, reaching higher highs for the first time in the last few
Read More
The severe winter storm in North America shut down Binance's cloud mining products between Dec. 24-26, according to an official announcement on Dec. 28. As a result of the power outage, the company announced that users' subscriptions to cloud mining products were extended for three days.Binance has noted that further
Read More
Alibaba faced an “equipment anomaly” in the hardware controlling its cloud infrastructure due to which OKX services remained suspended for 7 hours. The exchange has now resumed withdrawals for BTC, ETH, and stablecoins.Over the last weekend, cryptocurrency exchange OKX faced massive disruption in its services and withdrawals after its cloud
Read More
Crypto exchange OKX witnessed service disruptions after primary infrastructure provider Alibaba Cloud announced a hardware failure in Alibaba Cloud’s Hong Kong data center.Alibaba Cloud Hong Kong IDC Zone C server went offline on Saturday at roughly 10 PM ET and failed to recover for over 7 hours at the time
Read More