News Snapshot:
Quick Take 500.com’s recently acquired major bitcoin mining pool BTC.com. The firm’s pivot to mining appears to have started as early as March 2019, as it struggled to cope with China’s 2015 crackdown on online lotteries. The new mining business is also indirectly backed by a Chinese state-owned enterprise. This feature story is available to subscribers of The Block Daily. You can continue reading this Daily feature on The Block. Source: https://www.theblockcrypto.com/daily/96817/chinese-state-owned-capital-500-bitcoin-mining?utm_source=rss&utm_medium=rss Share this:
