Quick weekly news:
- NPXS will be PUNDIX: Read more here.
- Supercycle may propel Bitcoin over $1 million, Kraken’s Dan Held says:Read more here.
- Canadian Firms to Develop Bitcoin Mining Facility Partly Powered by Wind, Solar: Read more here.
Other notable events include:
- First public Bitcoin mining firm has its own power plant
- Coinbase delays their IPO
Greenidge
Greenidge expects to be the first publicly traded mining company with its own power plant.
Bitcoin mining continues to be controversial, with critics citing environmental concerns. Greenidge Generation Holdings (Greenidge) is expecting to be the first publicly traded Bitcoin mining company with a wholly-owned power plant, according to an announcement made.
Bitcoin mining firm Greenidge, which runs a wholly-owned power plant, expects to be listed on Nasdaq through a merger with Support.com
Coinbase
Following the $6.5 million CFTC fine, Coinbase delayed direct stock listing. It will take place when charges of improper reporting on exchange volume and “self-trading” with the CFTC are settled
Between January 2015 and September 2018 the company was operating two automated trading programs, Hedger and Replicator. While the exchange disclosed the use of a trading program, they did not reveal that they were using two that often matched trades.
As a result, the Coinbase API delivered fraudulent trading data to entities such as the CME Bitcoin Real Time Index, and CoinMarketCap, as well as NYSE Bitcoin Index via “direct transmission” from Coinbase.
Also, be sure to check out top altcoin gainers and losers of the week⬇️
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