CoinSeed Announces $5 Million Investment in BitFury Mining Gear
Las Vegas-based bitcoin investment fund CoinSeed announced a substantial investment of $5m in mining hardware on 23rd January. CoinSeed revealed that it has acquired $5m worth of BitFury's 55 nanometre bitcoin hardware, but that this is just its first step in its larger vision to become a large-scale bitcoin clearing house, one that will be able to someday process the real-time transactions it says bitcoin will need to truly compete in payments. The announcement might not sit well with some members of the bitcoin community, especially among miners and those who frown upon centralisation.....
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One of bitcoin's biggest mining infrastructure providers, BitFury, has launched a new hosted mining service for business customers. The company claims the scheme will provide customers with "optimal and reliable" - but low-cost - hash power to maximise the return on their investment. BitFury says its ASICs and specialised mining hardware have established it as the market leader in both constructing and managing computing centres for mining operations. According to the company, approximately 40% of all bitcoins are mined using BitFury-made chips. DigitalBTC and CryptX became the first....
A BitFury spokesperson has confirmed that this is the second investment by BitFury Capital. BitFury Capital, the investment arm of bitcoin mining infrastructure provider BitFury, has announced an undisclosed investment in BitGo. The news marks the venture capital firm's second investment in recent weeks, following confirmation that it had invested in an anonymous bitcoin wallet provider. Speaking to CoinDesk, BitGo CEO Will O'Brien elaborated on the significance of the deal, though he declined to offer any specifics. Praising BitFury as a leader in the bitcoin mining sector, O'Brien told....
Cryptocurrency mining hardware manufacturer BitFury on Wednesday announced a hosted mining service that will be available to all business customers (as opposed to a select few, we imagine). The company, which recently launched a seed investment fund, says that some 40 percent of all bitcoins are mined using BitFury chips, giving them an interesting and impressive track record. The move comes during a time in which self-mining with one's own hardware has become extremely cost-prohibitive, with constant hardware updates required and significant energy requirements. "We are a trusted partner....
Coinseed allegedly bilked investors of $1 million through false statements, hidden fees and a flopped token.
The crypto trading platform Coinseed is shutting down operations according to a written statement from the company’s CEO Delgerdalai Davaasambuu. A court order secured by New York Attorney General Letitia James told Coinseed to halt all of its operations. Following the announcement of the shutdown, Coinseed’s CEO said he created an ERC20 token called “FLJ” that’s dedicated to Attorney James “and her cronies.” New York Attorney General Letitia James Obtains Court Order, Agency Claims 170 Complaints Filed Coinseed is calling it quits after the firm....