RATE Group | The Daily: Global Cryptocurrency M&As Rise, US Town Halts Mining
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The Daily: Global Cryptocurrency M&As Rise, US Town Halts Mining

22 Oct The Daily: Global Cryptocurrency M&As Rise, US Town Halts Mining

Posted at 18:01h in Cryptocurrency News by

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The Daily: Global Cryptocurrency M&As Rise, US Town Halts Mining

The Daily

In today’s edition of The Daily, we look at how the current bear market is facilitating consolidation in the global cryptocurrency industry. We also focus on recent calls by an intergovernmental organization to tighten up rules on virtual assets throughout the world, as well as a story about a small U.S. town that has banned cryptocurrency mining for a period of one year.

Also Read: Celebrity ICO Endorsers Face Legal Blowback Over Alleged Fraud

Market Consolidating in
Response to Low Prices

The Daily: Small Town Takes a Break From Mining, Industry Consolidation AheadBearish sentiment in the cryptocurrency market has driven an industry-wide increase in mergers and acquisitions, with such deals spiking by more than 200 percent year on year in 2018. According to figures compiled by JMP Securities for Pitchbook, 115 deals have…

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