Sports Gambling Website 500.com Acquires Bitcoin Mining Pool BTC.com
Today, Shenzhen, China-based sports lottery site 500.com announced the acquisition of major Bitcoin mining pool BTC.com from Blockchain Alliance Technologies Holding Company via a share-swap agreement. Blockchain Alliance is operated by BitDeer, which itself is chaired by Jihan Wu, the co-founder of bitcoin mining giant Bitmain. The terms of this purchase agreement include 500.com using 10 percent of its own outstanding shares to execute it, according to the announcement. The terms also outlined additional share issuances based on the performance of BTC.com businesses. According to BTC.com....
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A U.S. publicly-listed Chinese sports lottery firm is extending its arms into the crypto industry by announcing another related maneuver. 500.com Ltd announced it has acquired Btc.com, the well known bitcoin mining pool. Jihan Wu Is the ‘ Biggest Beneficial Owner’ of the Mining Pool Per the announcement, the online lottery service provider bought the company from Blockchain Alliance. 500.com performed the transaction by issuing newly class A shares, representing almost a 10% stake in the listed Chinese company. According to the filings, 500.com Ltd made the share exchange....
The acquisition of NovaBlock by industry leader Poolin signals growing interest in geographical diversification of bitcoin mining. The post Chinese Mining Pool Poolin Acquires North American Competitor NovaBlock appeared first on Bitcoin Magazine.
If you’re a sports fan of any kind, then you’re probably familiar with the concept of fantasy sports. Advertisements by web-based prediction companies constantly bombard viewers during commercial breaks — you couldn’t get away from them even if you tried. It has become so bad that even some public figures have expressed their complaints about it, with....
Sports gambling in America is big business. It is also, largely, illegal. According to the National Gambling Impact Study Commission, nearly $400 billion is wagered on sports by United States citizens during a given year, with only $3.5 billion of those bets being placed at legal books in Nevada. With only one state offering legal sports betting, how is it that U. S. citizens are able to gamble so much on games? While a significant portion of illegal gambling is still done in person, the internet has allowed the popularity of the pastime to soar. Widely used sites such as Bovada and 5Dimes....
Based in Wenatchee, HashingSpace Corporation (OTCQB: HSHS), has announced the launch of Bitcoin mining pool Hashpool.com that also boasts of iOS and Android Apps for miners for a better experience. The mining pool is easily available to anyone with access to internet, iOS or Android devices as they could get the app from app stores and also via the website HashPool.com. HashingSpace has also expressed its commitment to put together key infrastructure so that the Bitcoin usage could be spread universally. It wishes to extend the use of this infrastructure for Bitcoin Mining Farms, ASIC....