Is the hottest thing doomed to fail? Aleo has fallen from the altar
There is never a shortage of "unicorns" in the cryptocurrency world, but what is lacking is solid implementation and long-term accumulation.
JinseFinanceThere is never a shortage of "unicorns" in the cryptocurrency world, but what is lacking is solid implementation and long-term accumulation.
JinseFinanceAfter the mainnet was launched, Aleo failed to gain community recognition, and instead was filled with doubts on social media, especially from miners. Many users said on social media that this was another failed case of a rising star turning into a failure.
JinseFinanceAt the 2024 Shanghai Bund Conference, Ant Financial announced its business progress and strategic layout for the first time after its independence. Its chief scientist Yan Ying said that the Web3 industry has entered a new stage of asset integration.
AlexAleo is the leading developer platform for building full-private, scalable, and cost effective decentralised applications. In just a few years since it began, Aleo's vision to revolutionise the transaction of blockchain has resonated with many big names, such as Coinbase Ventures, a16, Samsung Next and softbank to support their work. So what makes this company so fascinating, and is this something you should dabble in as well?
XingChiAbu Dhabi-based Phoenix Group is set to acquire $187 million worth of new Bitcoin mining rigs from Bitmain Technologies, following a $380 million deal with WhatsMiner. The move aims to significantly boost Phoenix's Bitcoin hashing power, positioning the company as a major global crypto miner. The strategic expansion aligns with the recent approval of a Bitcoin exchange-traded fund (ETF) by the SEC, anticipating potential industry growth. Despite competition and profitability challenges in Bitcoin mining, Phoenix Group's aggressive approach underscores its commitment to staying competitive in the evolving sector.
EdmundExplore Aleo, a groundbreaking platform integrating zero-knowledge cryptography to redefine web experiences with a unique blend of programmability and privacy.
SanyaBitmain has taken the step of suspending employee salaries, both performance-based and basic wages, in response to ongoing financial difficulties and setbacks in its mining operations.
KikyoThe Fintech Giant is divesting its entire investment.
ClementTax authorities penalized Bitmain on April 4 for not paying personal income taxes under China’s tax collection and administration law.
BitcoinistPreviously, it has been reported in the industry that Bitmain founder Ketuan Zhan intends to support Ethereum Classic.
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