Home Coinbase Coinbase Says Miners' Gross sales of Newly Minted Bitcoins Don't Add Vital Market Strain – CoinDesk

Coinbase Says Miners' Gross sales of Newly Minted Bitcoins Don't Add Vital Market Strain – CoinDesk

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In occasions of market upheaval and a falling bitcoin worth, margins compress throughout the board, and pressure extra miners to change into internet sellers, the notice mentioned. Given the worth drop and the ensuing lack of profitability, the financing atmosphere for the mining business has “shifted materially” since late final 12 months, and elevating capital within the public markets has change into very tough, Coinbase mentioned.

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