2020欧洲杯投注盘口

Bitcoin

Riot Blockchain to scrap crypto exchange and further pursue mining

(c)iStock.com/flajivus

Riot Blockchain is to shut down its crypto exchange and renew its focus on mining, citing various risks.

The company issued an update on its ‘strategic priorities’, with the action of sunsetting the RiotX Exchange taken after assessing, in the company’s words, “the evolving regulatory environment, cybersecurity risks, and the current competitive landscape facing US-based cryptocurrency exchanges.”

2020欧洲杯投注盘口The greater move to mining has been coming, with Riot recently upgrading its Oklahoma City mining facility, as well as purchasing 4,000 S17 miners from crypto mining product vendor Bitmain at the end of last year. “Going forward, Riot reinforces its confidence in Bitcoin by focusing on Bitcoin mining and pursuing opportunities more directly related to Bitcoin mining,” the company wrote.

This confidence can be seen in the company also engaging the services of XMS Capital Partners to, as the company puts it, ‘navigate the dynamic Bitcoin landscape’. XMS will be employed to assess on potential strategic transactions related to mining, although the company did not disclose further.

2020欧洲杯投注盘口This move is by no means the only about-face Riot has performed – even with regards to its entry into the blockchain space. In late 2017 the company changed its name to Riot Blockchain having previously traded as Bioptix, focusing on biotech, while in September 2018 CEO John O’Rourke departed after allegations of a pump and dump scheme to the tune of an estimated $27 million leaving investors with ‘virtually worthless’ stock. O’Rourke was to later settle with the Securities and Exchange Commission (SEC).

Unlike other moniker-meddlers of its ilk, such as the infamous Long Blockchain Corp, Riot was – eventually – cleared of impropriety by the SEC, receiving notification that the investigation had been terminated last month. Long Blockchain, meanwhile, announced last week it was a proposed merger with subsidiary Stran.

Interested in hearing more in person? 2020欧洲杯投注盘口Find out more at the , Global, Europe and North America.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

To Top

Privacy Preference Center

We are using cookies on our website

We use cookies to personalise content and ads, to provide social media features, and to analyse our traffic. Please confirm if you accept our tracking cookies. You are free to decline the tracking so you can continue to visit our website without any data sent to third-party services. All personal data can be deleted by visiting the Contact Us > Privacy Tools area of the website.