Cointime

Download App
iOS & Android

BIT Mining Invests in Prosper's Native Tokens to Support New Focus on Bitcoin Mining

ChainwireProsper, a decentralized protocol focused on bridging institutional-grade Bitcoin mining power on-chain, has announced a new investment in its native project token PROS by BIT Mining Limited. This investment aligns with Prosper's new strategic focus on Bitcoin mining and the broader Bitcoin ecosystem, which has been well-received by the community. Prosper partners with industry players to obtain various services and products to deliver institutional-grade execution in managing its mining hashrate. BIT Mining's investment represents another significant validation of Prosper's thesis by institutional backers and supports its new vision.

Comments

All Comments

Recommended for you

  • The U.S. Department of Government Efficiency needs “revolutionaries with super high IQs who are committed to small government reform”

    the newly established Department of Government Efficiency (DOGE) in the United States has released an official statement via their X account, thanking thousands of Americans for their interest in joining the department. However, they have made it clear that they do not need "part-time creative contributors," but rather "revolutionaries with super high intelligence who are committed to small government reform." Applicants are required to work more than 80 hours per week and focus on plain and simple cost reduction. Applicants who meet the requirements can submit their resumes via private message, and the top 1% of outstanding applicants will be personally reviewed by Elon Musk and Vivek Ramaswami.
  • SEC Chairman Gary Gensler Makes Final Lobbying Call for US Crypto Regulation

    according to institutional reports, US Securities and Exchange Commission (SEC) Chairman, Clayton, is making a final push to allow the agency to regulate the cryptocurrency market before the Trump administration's term ends and its enthusiasm for digital assets wanes. In a speech prepared for a legal conference in New York on Thursday, Clayton reiterated that the agency should focus on "road rules" applicable to cryptocurrency sales and intermediaries such as brokers and exchanges to support proper disclosure. Clayton stated that the experience of the Great Depression made decision-makers aware of the "importance of disclosure terms, as information about securities creates a public product". (Jinshi Data APP)
  • Crypto venture capital Portal Ventures completes approximately $90 million in oversubscribed fundraising

    early blockchain venture capital firm Portal Ventures is close to completing the final fundraising for its second fund, which has a size of $75 million. Founder and general partner Evan Fisher said that the fund has been oversubscribed, with subscriptions reaching $90 million. According to documents submitted to the US Securities and Exchange Commission (SEC) in August, the initial target for the fund was $70 million, but Portal later decided to raise the ceiling by $5 million.
  • The official X account of the Department of Government Efficiency (DOGE) led by Musk is now online

    On November 14th, according to relevant page information, the official X account of the Government Efficiency Department (DOGE) led by Musk and Vivek Ramaswamy has gone online. It is worth noting that the handle of this account is "@DOGE".
  • Viewpoint: Saudi Arabia, the UAE and other countries may have bought Bitcoin

    According to market sources, Gulf oil-producing countries such as Saudi Arabia, the United Arab Emirates, or Qatar may be buying Bitcoin at the sovereign level. Relevant sovereign funds may disclose related news during the Abu Dhabi Bitcoin Summit from December 9th to 10th. Currently, the total asset management scale of Saudi PIF, UAE ADIA, and Qatar QIA has exceeded 2 trillion US dollars. With Bitcoin's total market value surpassing the world's largest oil company Saudi Aramco, Saudi Arabia, as the largest oil-producing country in the Gulf region, has attracted attention. As the largest sovereign wealth fund holder in the world, the investment trends of Gulf oil-producing countries will have an important impact on the global cryptocurrency market. At the same time, as the host of the upcoming Bitcoin conference, the United Arab Emirates is also expected to participate. In addition, there have been ongoing market rumors that Qatar may also make sovereign investments. (protos)
  • Kraken Strategy Director: The entry of institutions such as sovereign wealth funds will push the scale of crypto ETFs to $50 billion

    Thomas Perfumo, the strategy director of Kraken, predicts that the scale of cryptocurrency ETF fund inflows will double to $50 billion by 2025. He said that "ultimate allocation institutions" such as sovereign wealth funds, donation funds, and pension funds will gradually enter the market next year, and large asset management institutions have begun to consider allocating 1% to 3% of their investment portfolios to crypto assets.
  • Robinhood Adds Solana, Cardano, XRP, and Pepe in Major Crypto Push

    The new additions bring the total number of cryptocurrencies on Robinhood's platform to 19. It comes amid a crypto rally that saw Bitcoin reach an all-time high of over $90,000.
  • SEC approves Coincheck as first Japanese crypto exchange on Nasdaq

    Coincheck is set to make history as the first Japanese crypto exchange to list on Nasdaq, following SEC approval.
  • Metaplanet Discloses $28 Million Gain on Bitcoin Holdings, Stock Slides

    Tokyo-based Metaplanet has more than doubled its Bitcoin while the value of its holdings has soared amid a renewed bull market.
  • JP Morgan rebrands blockchain unit to Kinexys

    JP Morgan has rebranded its Onyx blockchain unit to Kinexys by JP Morgan.