Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
ASIC Firm Canaan Inc
ASIC Firm Canaan Inc. Unveils New Bitcoin Mining Farm in Kazakhstan
One of the world's largest ASIC machinery firms, Canaan, has made public its plans to set up shop in Central Asia's Kazakhstan. The move comes following China's unexpected turnaround of facing out bitcoin mining activities within its mainland. Canaan's CEO Nangeng Zhang stated that the startup plans to boost mining rig sales and improve its BTC mining operations by expanding its reach to other zones in Asia. Speaking in a recent press release, the CEO said, "As we integrate more…
4 years ago