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Bitcoin Miners Eviscerated: Japan’s GMO Shuts Down Cryptocurrency Mining Hardware Division

GMO Internet, a major Japanese-based technology company, has shuttered its division responsible for designing and manufacturing mining chips. Mounting losses from a weak cryptocurrency market resulted in the sudden decision. In a statement released on Dec. 25, GMO explained...

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Bitcoin and Cryptocurrencies Pull Back While Dow Experiences Record-Breaking Rally

Bitcoin and the cryptocurrency markets are experiencing moderate pull-back while the Nasdaq, S&P 500, and the Dow erase their Christmas losses. Bitcoin and other cryptocurrencies experienced a strong rally leading up to Christmas, with total market capitalization surging from...

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Bitcoin Companies Purge: Bitmain and Huobi Lay Off Workers

The crypto-winter is affecting billion-dollar players in the cryptocurrency market. After the much-publicized layoffs at ConsenSys, SpankChain, and Steemit, mining equipment manufacturer Bitmain is reportedly cutting down 50 percent of its total workforce, alongside shutting down its entire Bitcoin...

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Cryptocurrency’s Christmas Rally Could Indicate Bitcoin’s Independence from U.S. Stock Market

One of the oldest questions in cryptocurrency is whether Bitcoin is tethered to the performance of the overall stock market. The current crypto market rally could indicate that Bitcoin and other altcoins are independent from dips in U.S. stocks....

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