The exchange has been struggling for the last six months due to the market volatility triggered redundancies and a failed public flotation. Reportedly, the claim that the next year’s event could reverse its fortunes. SCMP cited “a company source with knowledge of the plan.”
What is Halving?
Taking a cue from previous such events, sources anticipate Bitcoin prices will increase in advance possibly starting from this June. SCMP wrote, citing the unnamed source close to Bitmain as saying:
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