Canaan Inc is a technology company primarily focused on the design and development of high-performance computing solutions, particularly in the field of blockchain technology
The company is best known for its innovative ASIC (Application-Specific Integrated Circuit) hardware, which is utilized for cryptocurrency mining. By leveraging cutting-edge technology and engineering expertise, Canaan aims to enhance operational efficiencies in blockchain networks, catering to the growing demand for computational power within the digital currency ecosystem. In addition to mining hardware, Canaan is also exploring diverse applications of its technology in various sectors, positioning itself as a key player in the evolving landscape of digital assets and blockchain innovation.
Bitcoin miners are facing unprecedented challenges a year after the April 2024 halving event . The reduction in block rewards, stagnant Bitcoin prices, and rising operational costs have made profitability difficult. While some miners are shutting down, others are seeking innovative ways to stay afloat, such as repurposing mining heat and adopting sustainable energy solutions.
President Donald Trump recently issued an executive order to set up a strategic crypto reserve using digital assets already in the government’s possession. The strategic reserve will consist of Bitcoin (BTC) previously confiscated by the government through criminal and civil asset seizures, according to White House cryptocurrency advisor David Sacks.
President Donald Trump recently issued an executive order to set up a strategic crypto reserve using digital assets already in the government’s possession. The strategic reserve will consist of Bitcoin (BTC) previously confiscated by the government through criminal and civil asset seizures, according to White House cryptocurrency advisor David Sacks.
The millions of dollars that Big Tech and cryptocurrency firms used to support Donald Trump’s re-election campaign are now yielding substantial returns . Ever since he took office, the government led by Trump has rolled out a series of tech-friendly directives, among them being deregulation, lawsuit dismissals, and policy rollbacks that benefit major industry players.
Kraken has expanded its market share in Europe by obtaining a license under the EU’s MiFID . The announcement, made via the company’s blog on February 3, follows Kraken’s recent acquisition of a Cyprus-based investment firm that had secured authorization from the Cyprus SEC .
Did President-elect Trump just ignite a Bitcoin firestorm? Many crypto-related stocks posted big gains on Friday, just ahead of next week's inauguration.
Recently released documents show that the Federal Deposit Insurance Corporation (FDIC) advised financial institutions to temporarily halt direct involvement in cryptocurrency activities but didn’t mandate the cessation of banking services to crypto firms, contrary to claims of nationwide “debanking” within the industry.
HIVE Digital Technologies (NASDAQ: HIVE) acquires advanced Nvidia Corp (NASDAQ: NVDA) H100 and H200 GPU clusters in Quebec, Canada, with $30 million investment to strengthen its position in AI and HPC and drive growth in these markets.
Silicon Valley contributed a staggering $394.1 million to the 2024 U.S. presidential election, based on Federal Election Commission (FEC) data analysis. Much of this came from Elon Musk, who reportedly donated $243 million to Trump’s campaign.
