Bitcoin Mining Boom, Ethereum Origins, Shiba Inu Rally, Growing Dogecoin Adoption, Floki Coins: Crypto Week In Review



Here are some events that dominated the cryptocurrency market this week:

Bitcoin Mining Boom: On Tuesday, Hive Technologies Ltd (NASDAQ: HIVE) reported a 466% year-on-year increase in its first-quarter mining revenue, which came in at $37.2 million. Net income was reported at $18.6 million in the period.

The Canada-based HIVE reported mining 225 Bitcoin (CRYPTO: BTC) and 9,700 Ethereum (ETH) in Q1.

See Also: How To Buy Bitcoin (BTC)

The next day, Riot Blockchain, Inc (NASDAQ: RIOT) said BTC production rose 346% on a y-o-y basis.

Riot Blockchain produced 406 BTC in September, a four-fold increase compared to a similar period a year ago when it produced 91 BTC.

Riot’s growth indicates the rapid growth of the BTC mining industry amid the rising popularity of cryptocurrencies.

Ethereum’s Butterfly Effect Origins: Vitalik Buterin, the co-creator of ETH, revealed on his blog that a small change made to the Activision Blizzard, Inc (NASDAQ: ATVI) title “World of Warcraft” made him disappointed with centralized services and spurred his interest in cryptocurrency and BTC.

See Also: What's Driving Adoption Of Bitcoin, Dogecoin And Ethereum In India And Vietnam?

“I happily played World of Warcraft during 2007-2010, but one day Blizzard removed …

Full story available on Benzinga.com



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