Bitcoin miner Argo to avoid bankruptcy with $100M deal from Galaxy Digital
Galaxy plans to acquire Argo’s bitcoin mining facility Helios for $65 million and provide a $35 million loan amid the miner’s restructuring.
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crypto mining
‘The Merge’ could be good news for China’s Ethereum enthusiasts
When China banned cryptocurrency mining and trading, many saw it as putting an end to a burgeoning industry in the world’s second-largest economy. As it turned out, the country’s crypto investors, developers, and hobbyists continue to play a critical role in building the backbone and applications of web3. The Merge, the much-anticipated network update on Ethereum […]
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Despite crypto ban, China’s tech talent rides the global web3 wave
Despite China’s sweeping bans on cryptocurrencies, domestic web3 talent is quietly flourishing, with many venturing beyond the country’s border. From offering crypto derivative products to making NFT games, Chinese web3 entrepreneurs’ footprint is far-reaching worldwide. We spoke to a dozen Chinese founders and investors to find out how this group is trying to build global […]
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