Bitmain Will Reportedly Bring 56,000 Mining Rigs to Georgia

Bitmain Will Reportedly Bring 56,000 Mining Rigs to Georgia

Bitmain will reportedly bring 56,000 of its Bitcoin mining rigs to Georgia following the Chinese government’s decision to shut down cryptocurrency mining operations. The company’s lead product offering is the Antminer series, which use TSMC-made cryptocurrency mining application-specific integrated circuits (ASICs) that can match the hashrate of multiple GPUs, making them popular for large-scale operations.…

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Coinbase CEO Accuses SEC of Using 'Intimidation Tactics' to Regulate Crypto

Coinbase CEO Accuses SEC of Using ‘Intimidation Tactics’ to Regulate Crypto

Coinbase CEO Brian Armstrong accused the U.S. Securities and Exchange Commission of “engaging in intimidation tactics behind closed doors” on Twitter after it blocked the launch of the company’s Lend program without explanation. Lend is supposed to provide a platform through which USD Coin owners can, well, lend their cryptocurrency to other people in exchange…

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