After over a year and a half of decreasing Bitcoin mining revenue, a new report shows a small yet significant recovery in the gross margins. Let’s take a look at what the mining industry has been through in recent years, and what this recovery could mean for the near future.
Last month, Bitcoin mining revenues fell to their lowest intake since August 2017. The total mining income in February 2019 totalled $195 million – a mere fraction compared to the $951 million peak of December 2017, and a 10% decline…Click here for full article.
Despite an environment rife with economic and political instability, global M&A value in 2018 reached near-record levels as markets remained unhampered by the heightened geopolitical risk. The cryptocurrency space was not nearly as rampant, yet the industry still managed to record a decent amount of consolidation as companies looked to beef up their platforms through the acquisition of like-minded entities.
But now another trend is emerging: crypto companies are using ‘backdoor listings’ to ease into…Click here for full article
The crypto-sphere underwent a sort of transformation in 2018…
Consider it the awkward teenage years of the burgeoning space. Bitcoin stumbled, struggling to find its place in the world. And regulators, officials and traditional economists didn’t make it much easier…. CLICK for complete article
Bitcoin investors have endured plenty of misery this year after the leading digital currency crashed spectacularly. It would be nice for once to report that the selloff is done, and the market is ready for a huge leg up…. CLICK for complete article
Bitcoin, like most cryptocurrencies, has experienced tremendous pain in 2018, but there is a silver lining developing – in stark contrast to the violent swings in global equity markets, wild price swings have been absent in daily Bitcoin flows in the last month or so.
Measured on a weekly basis, absolute levels of Bitcoin volatility is probing levels not seen since late 2016, right before the most massive pump and dump in modern times took the coin from $700 to almost $20,000 within 12 months…. CLICK for complete article
As the cryptocurrency market continues to struggle to break free from bear territory, opportunists are looking at the slump as their chance to catch a deal. Blockchain and crypto M&A deals have surged this year, climbing from 47 in October 2017 to 115 currently. And according to JMP, it could reach as high as 145 by the end of 2018…. CLICK for complete article