|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||0.0314 - 0.0350|
|52 Week Range||0.0280 - 0.7000|
|Beta (3Y Monthly)||2.89|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
The rundown: Bitcoin and all major currencies were down in the morning; blockchain firm Huobi Global plans to expand into the Middle East, Africa, and South Asia; blockchain-based, skill-sharing platform Vanywhere appoints Bittrex CEO to its board; MGT Capital is relocating Swedish Bitcoin miners to Colorado; a China arbitration court says that Bitcoin should be […] The post Bitcoin News Crypto Currency Daily Roundup October 26 appeared first on Market Exclusive.
A look at Bitmain Technologies Ltd.’s financials reveal the Chinese company sold a lot of shovels during the crypto gold rush of the past two years. First is the notion that the startup is losing its technological edge. According to Sanford C. Bernstein analyst Mark Li, Bitmain’s attempt to make a new chip using more advanced manufacturing technology didn’t pan out. Two other projects also failed, which not only puts Bitmain at a competitive disadvantage with rivals such as Canaan Creative Co. but means the company might have burned through several hundred million dollars with little to show for the effort.