Crypto Mining Giant Bitmain Is About to Become One of the Biggest IPOs Ever

More from: | Hacked.com |
0

A kind of “flippening” has occurred in the cryptocurrency space but it has nothing to do with the jockeying for position among the top coins. Instead, this flip has been in the type of activity that has been driving bitcoin usage between speculation and drug dealing.

Speculative investing has overtaken bitcoin-fueled crime as the primary application, Bloomberg reports. The reversal is eye-popping, with criminal use narrowing from 90% at its height half-a-decade ago to 10% currently as speculative investing has taken control of cryptocurrency transactions, according to an official the U.S. Drug Enforcement Administration, whose parent agency is the U.S. Department of Justice.

It’s not that drug dealers have abandoned bitcoin altogether. In fact, it’s the opposite, as transaction volumes and

(...)

Read full article » https://hacked.com/crypto-mining-giant-bitmain-is-about-to-become-one-of-the-biggest-ipos-ever/


About | Hacked.com |

For too long, people have lived in a system that is rigged. A system that makes the poor poorer and the rich richer. In 2009, an invention came into existence which is now shaking up the banking industry – but we still have a long journey ahead of us for financial freedom. Automation and AI will claim more jobs than the first industrial revolution did. Researchers are unsure of the ramifications. Countries are debating citizens’ income to adjust for the lack of jobs due to automation. We believe that people need to plan for their own financial freedom. We will share information on how you can make more money and help you take the right financial decisions for the coming years.

We have a dedicated team working to improve your financial understanding and help you get set for the coming macroeconomic changes. We want to give you the tools to become financially independent. Our team consists of economists, entrepreneurs, cryptocurrency enthusiasts, and technologists.

Including Hacked.com we are responsible for CryptoCoinsNews.com, one of the world’s leading bitcoin, blockchain, and FinTech news sites.

»Twitter: @HackedCom