Express

Cryptocurrency Exchange Binance Is Preparing To Launch Its First Bitcoin Mining Pool

Ramsey Baker

Summary: Binance, the popular cryptocurrency exchange, is preparing to launch its own mining pool, according to Russian cryptocurrency news publication Coinlife. The report, which was confirmed by Binance CEO Changpeng (CZ) Zhao in a tweet on Wednesday, also states that the company has already hired employees for this purpose. Some of the new hires are reportedly ...

Binance, the popular cryptocurrency exchange, is preparing to launch its own mining pool, according to Russian cryptocurrency news publication Coinlife.

The report, which was confirmed by Binance CEO Changpeng (CZ) Zhao in a tweet on Wednesday, also states that the company has already hired employees for this purpose. Some of the new hires are reportedly former Bitmain employees. The article also claims that the launch is currently planned for the Q2 of 2020.

By Ramsey Baker

  • BTC Weekly Watch: Is the Rebound "Feast" Nearing Its End? 7 days ago
  • ​The Crypto Treasury Boom Meets Regulatory Chill: Is the DAT Frenzy Fading? 14 days ago
  • Nasdaq Takes Aim at 'Crypto-Flipping' Companies with Stricter Rules 18 days ago
  • BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 21 days ago
  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 25 days ago
  • You need to login to comment.