Embattled Crypto Mining and Wallet Firm Poolin Moved $150M in Bitcoin
The firm issued IOU tokens to its users after it froze withdrawals in September. Source
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Poolin
Crypto miner Poolin pauses BTC and ETH withdrawals, citing ‘liquidity problems’
Poolin, one of the largest Bitcoin mining pools by hash rate, has announced it has temporarily suspended Bitcoin and Ether withdrawals from its wallet service due to “liquidity problems.”In a Monday announcement, Poolin said its wallet service was “facing some liquidity problems due to recent increasing demands on withdrawals” and
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Poolin, One of the Largest Bitcoin Mining Pools, Suspends Withdrawals From Wallet Service
Just yesterday, the mining pool admitted to liquidity issues. Original Source
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Poolin, One of the World’s Biggest Bitcoin Mining Pools, Acknowledges Liquidity Issues
In a post on his WeChat Moments on Sunday, akin to a Facebook newsfeed, Poolin CEO and founder Kevin Pan acknowledged that the company is lacking liquidity, but said user assets are safe. Pan wrote that the company's net worth is still positive and that there will soon be a
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Court Denies Bitmain $30M in Damages From Co-Founders of Rival Poolin
A court in China has denied an appeal by bitcoin mining giant Bitmain seeking $30 million in damages from the three co-founders of Poolin, one of the world’s largest cryptocurrency mining pools. The Beijing No. 1 Intermediate People’s Court issued a ruling on the appeal on Aug. 31 and made it
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Poolin Lending, Square Crypto’s Grant and a Bitcoin-Holding Senate Candidate
[sociallocker id="55298"] The crypto mining pool Poolin has started working with crypto lender BlockFi to expand its lending and financial services business. Meanwhile, Square Crypto has awarded a grant to a Bitcoin Lightning Network watchtower and the U.S. Immigration and Customs Enforcement is going after the Venezuelan petro dollar’s architect. Here’s
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Bitcoin Mining Pool Poolin Partners With BlockFi to Expand Crypto Lending Service
[sociallocker id="55298"] Poolin, the second largest bitcoin mining pool, is expanding its cryptocurrency lending and financial services businesses. The pool announced Monday that it has started working with U.S.-based crypto lender BlockFi, which will be acting like an interbank lender, providing a source of capital for Poolin. The firm initially rolled out
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Bitcoin Privacy Is the Only ‘Big Question’ for Devs, Says Poolin CEO
Bitcoin (BTC) needs to become more resistant to governments as a priority, the CEO of one of its biggest mining pools has said.Pan: Privacy is Bitcoin’s “real problem”In an interview with cryptocurrency media outlet Bitcoin Magazine quoted by Forbes on Oct. 17, Poolin’s Kevin Pan suggested privacy should form
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