Who Are the Top 5 Companies Controlling the Bitcoin Industry?
Bitcoin runs on a blockchain, a decentralised and public ledger where every transaction made on the network is permanently registered. By offering processing power towards this, users are rewarded with bitcoin creating a run to assemble ever more sophisticated and powerful equipment to mine new bitcoin. Although many think that startups like Coinbase, Blockchain, or BitPay are some of the most important companies in the bitcoin mining industry, in fact where the most important bitcoin companies reside. The miners form the core backbone of bitcoin, ensuring the digital currency's integrity....
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I would strongly recommend against anyone trusting their private data to a company with physical ties to the United States. -Ladar LevisonSecure email providers Lavabit and Silent Circle have taken the heroic steps of shutting down their businesses in order to preserve their integrity. Unfortunately the definition of heroism necessarily implies that their actions are heroic because they are unusual. Their actions surprised us because most companies, when faced between choosing between continued operation and honoring the trust their users have given them, toss integrity aside. Even though....
Li Lin’s controlling stake in Huobi, one of Asia’s largest cryptocurrency exchanges, was recently acquired by About Capital Management for an undisclosed sum. Huobi’s acquisition by the Hong Kong-based asset management firm came shortly after the crypto exchange had exited the Chinese market.
Lin’s Arrest in 2020 a Key Event for the Huobi Founder
The Hong Kong-based asset management company, About Capital Management, recently became the biggest shareholder in the crypto exchange Huobi after it acquired founder Li Lin’s stake in the firm. The....
The Geniuses at Work Corporation, the parent company of bitcoin mining hardware specialist GAW Miners, has acquired a controlling stake in cloud mining provider ZenMiner for $8m. GAW Miners had originally announced a partnership deal with ZenMiner earlier this month. At the time, ZenMiner agreed to provide cloud hashing services as part of a broader strategic partnership. In the latest deal, GAW Corp. acquired a controlling stake in the cloud hosting company. GAW CEO Josh Garza told CoinDesk, the stake purchase follows a period of close collaboration between the two companies, and that the....
For this post, I will use the phrase "industry workflow tools" instead of industry blockchains, as some of the emerging solutions being proposed in this space are not blockchains (eg: R3’s Corda is not a blockchain but DAH's solutions are – both companies are proposing industry workflow tools). But, just as it’s not helpful to call Twitter and Microsoft Sharepoint "database companies" although they both use variations of databases, it’s not helpful to call cryptocurrencies, cryptocurrency companies, blockchain platforms and industry workflow tool companies....
Mining firm Core Scientific’s hash rate leads all public companies with 8.3 EH/s, and it mined 5,769 BTC in 2021. The Cointelegraph Research Terminal, the leading provider of premium databases and institutional-grade research on blockchain and digital assets, has added a new report to its expanding library. The latest paper looks at a particular group of players in the Bitcoin (BTC) mining industry. Published by crypto consulting firm Crypto Oxygen, the report highlights the current landscape of publicly listed crypto mining companies that control approximately 17% of the total hash rate....