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

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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


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