No Result
View All Result
Subscribe
Monday, March 1, 2021
  • Home
  • Crypto News
  • Offers
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Terms of Use
  • DMCA Notice
  • Contact
  • Home
  • Crypto News
  • Offers
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Terms of Use
  • DMCA Notice
  • Contact
No Result
View All Result
CRYPTOCURRENCIESNEWS
No Result
View All Result
Home Crypto News

Chinese language lottery service 500.com acquires Bitcoin mining pool BTC.com

by admin
February 16, 2021
in Crypto News
Chinese language lottery service 500.com acquires Bitcoin mining pool BTC.com

Chinese language sports activities lottery service 500.com has acquired a significant Bitcoin (BTC) mining pool, BTC.com.

500.com has entered right into a share change settlement with Blockchain Alliance Applied sciences Holding Firm within the Cayman Islands, in keeping with a Feb. 16 announcement.

As a part of the deal, 500.com will purchase the whole mining pool enterprise of Bitdeer Applied sciences Holding Firm, together with the area title and a cryptocurrency pockets. Each the area title and the pockets are working beneath BTC.com, however belong to Bitdeer, which is the mum or dad firm of Blockchain Alliance.

In keeping with the announcement, the primary transaction beneath the share change settlement is predicted to happen on or earlier than April 15, 2021.

500.com and Blockchain Alliance have additionally made sure agreements associated to internet working earnings. If BTC.com information a internet working revenue within the fiscal 12 months ending December 2021, 500.com should situation extra shares to the Blockchain Alliance. Assuming that the minimal quantity of the web working revenue is $20 million, a most of twenty-two million extra Class A atypical shares might be issued.

In distinction, if the BTC.com mining pool enterprise information a internet working loss throughout the identical interval, 500.com will likely be entitled to repurchase sure Class A atypical shares held by the Blockchain Alliance.

500.com is a NYSE-listed firm (WBAI) providing a variety of on-line lottery companies. The corporate has been transferring into the crypto business just lately. In early February, 500.com bought 5,900 Bitcoin mining gadgets at $8.5 million. In January, 500.com introduced that its personal placement subscription value will likely be settled each within the U.S. greenback and Bitcoin.

ShareTweetShare

Related Posts

Right here’s how the Objective Bitcoin ETF differs from Grayscale’s GBTC Belief
Crypto News

Right here’s how the Objective Bitcoin ETF differs from Grayscale’s GBTC Belief

March 1, 2021
Google Finance provides devoted ‘crypto’ tab that includes Bitcoin, Ether, Litecoin
Crypto News

Google Finance provides devoted ‘crypto’ tab that includes Bitcoin, Ether, Litecoin

February 28, 2021
High 5 cryptocurrencies to observe this week: BTC, BNB, DOT, XEM, MIOTA
Crypto News

High 5 cryptocurrencies to observe this week: BTC, BNB, DOT, XEM, MIOTA

February 28, 2021
NBA High Shot leads NFT explosion with $230M in gross sales
Crypto News

NBA High Shot leads NFT explosion with $230M in gross sales

February 28, 2021
OLB Group permits crypto funds for hundreds of US retailers
Crypto News

OLB Group permits crypto funds for hundreds of US retailers

February 28, 2021
Dogecoin hasn't at all times been a 'enjoyable meme coin'
Crypto News

Dogecoin hasn't at all times been a 'enjoyable meme coin'

February 28, 2021

Most Read

No-loss lottery PoolTogether cracks 50 million in deposits after token airdrop

No-loss lottery PoolTogether cracks 50 million in deposits after token airdrop

February 20, 2021
Exmo crypto alternate suffers hack, halts all withdrawals

Exmo crypto alternate suffers hack, halts all withdrawals

December 21, 2020
JPMorgan Chase execs weigh in on stablecoin regulation, crypto competitors

JPMorgan Chase execs weigh in on stablecoin regulation, crypto competitors

January 16, 2021
XRP value beneficial properties 86% after Wall Road Bets’ crypto wing says 'pump it'

XRP value beneficial properties 86% after Wall Road Bets’ crypto wing says 'pump it'

January 31, 2021
Blockchain-based Gaming Platform Exceedme Publicizes Strategic Buyers And Companions

Blockchain-based Gaming Platform Exceedme Publicizes Strategic Buyers And Companions

December 27, 2020
Chainlink hits new highs, however is LINK about to drag one other 150% parabolic transfer?

Chainlink hits new highs, however is LINK about to drag one other 150% parabolic transfer?

February 10, 2021
  • Home
  • Crypto News
  • Offers
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Terms of Use
  • DMCA Notice
  • Contact

Copyright © 2020 CryptoCurrenciesNews | All Rights Reserved

No Result
View All Result
  • Home
  • Crypto News
  • Offers
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Terms of Use
  • DMCA Notice
  • Contact

Copyright © 2020 CryptoCurrenciesNews | All Rights Reserved

  • BTC

    (USD 46,285.80)

    -206.44%
  • ETH

    (USD 1,443.50)

    -21.73%
  • XRP

    (USD 0.42)

    -0.0152%
  • BCH

    (USD 467.06)

    -16.33%
  • EOS

    (USD 3.53)

    -0.147%
  • LTC

    (USD 167.31)

    -4.04%
  • ADA

    (USD 1.28)

    -0.004%
  • XLM

    (USD 0.41)

    -0.0383%
  • MIOTA

    (USD 1.14)

    0.00314%
  • NEO

    (USD 36.49)

    -0.4841%
  • XMR

    (USD 220.98)

    13.08339%
  • DASH

    (USD 203.69)

    -4.74%
  • TRX

    (USD 0.05)

    -0.00012%
  • XEM

    (USD 0.60)

    0.02052%
  • USDT

    (USD 1.00)

    0.001%
  • VEN

    (USD 6.94)

    -0.10452%