Close Menu
Cryprovideos
    What's Hot

    Below-the-Radar Inventory Explodes 150% in One Day After Firm Proclaims Bitcoin Treasury Plans – The Every day Hodl

    June 3, 2025

    Binance founder CZ warns of Bitcoin treasury dangers amid rising adoption

    June 3, 2025

    Riot Platforms Appoints Jonathan Gibbs as Chief Knowledge Middle Officer

    June 3, 2025
    Facebook X (Twitter) Instagram
    Cryprovideos
    • Home
    • Crypto News
    • Bitcoin
    • Altcoins
    • Markets
    Cryprovideos
    Home»Bitcoin»China-based Nano Labs turns to Bitcoin funds amid potential coverage shift within the nation
    China-based Nano Labs turns to Bitcoin funds amid potential coverage shift within the nation
    Bitcoin

    China-based Nano Labs turns to Bitcoin funds amid potential coverage shift within the nation

    By Oluwapelumi AdejumoNovember 12, 2024No Comments2 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email



    China-based Nano Labs turns to Bitcoin funds amid potential coverage shift within the nation

    China-based crypto mining chip designer Nano Labs is now accepting Bitcoin as fee for its merchandise by way of its enterprise account on Coinbase, in response to a Nov. 11 assertion.

    The agency mentioned it adopted Bitcoin funds in response to rising demand for digital forex choices within the tech world. It added that the fee flexibility is meant to learn purchasers and companions, particularly as companies worldwide embrace crypto for streamlined, safe cross-border transactions.

    Nano Labs mentioned the transfer positions it favorably to draw a broader viewers of tech-forward purchasers who prioritize versatile, digital fee techniques.

    Nano Labs was based in 2019 and makes a speciality of fabless IC design. The agency can be centered on growing high-throughput computing (HTC) chips, high-performance computing (HPC) chips, sensible community interface playing cards (NICs), and different superior computing options.

    Inventory efficiency

    In July 2022, Nano Labs raised $50 million to go public within the US. Nonetheless, the inventory has carried out poorly because the IPO, falling roughly 95% because it started buying and selling that yr.

    Earlier this yr, Nasdaq reportedly notified Nano Labs that its inventory had fallen beneath the required minimal market worth of publicly held shares (MVPHS) of $15 million over 30 consecutive buying and selling days.

    The corporate rectified the difficulty and met Nasdaq’s requirement by sustaining an MVPHS of $15 million for 10 days by Oct. 9.

    Nano Labs’ determination to simply accept Bitcoin could assist counterbalance its current inventory efficiency. This yr, Bitcoin-related shares of a number of micro-cap firms like Semler Scientific and Metaplanet have quickly elevated following their determination to undertake the highest digital asset.

    China’s stance

    As a China-based firm, Nano Labs’ embrace of Bitcoin could sign delicate shifts in China’s historically restrictive crypto insurance policies.

    Over the previous years, China has maintained a stringent regulatory system prohibiting establishments from participating in crypto transactions and mining actions.

    Regardless of these measures, the Asian nation stays a serious pressure within the international crypto panorama, controlling over half of the Bitcoin community’s hashrate.

    In the meantime, current requires a coverage reassessment from figures like former Deputy Finance Minister Zhu Guangyao trace that China’s method to digital currencies could shift in alignment with international tendencies favoring wider crypto adoption.

    Talked about on this article



    Supply hyperlink

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Below-the-Radar Inventory Explodes 150% in One Day After Firm Proclaims Bitcoin Treasury Plans – The Every day Hodl

    June 3, 2025

    Binance founder CZ warns of Bitcoin treasury dangers amid rising adoption

    June 3, 2025

    Canadian Firm SolarBank Adopts Bitcoin Treasury Technique

    June 3, 2025

    Head And Shoulders Sample Says Bitcoin Worth Is Headed Down Towards $95,000 | Bitcoinist.com

    June 3, 2025
    Latest Posts

    Below-the-Radar Inventory Explodes 150% in One Day After Firm Proclaims Bitcoin Treasury Plans – The Every day Hodl

    June 3, 2025

    Binance founder CZ warns of Bitcoin treasury dangers amid rising adoption

    June 3, 2025

    Canadian Firm SolarBank Adopts Bitcoin Treasury Technique

    June 3, 2025

    Head And Shoulders Sample Says Bitcoin Worth Is Headed Down Towards $95,000 | Bitcoinist.com

    June 3, 2025

    MARA Hits File-Excessive Bitcoin Manufacturing in Could – Decrypt

    June 3, 2025

    Bitcoin and XChat: the brand new frontier of safety on X by Elon Musk

    June 3, 2025

    US Bitcoin ETFs navigate $1.2 billion outflows amid European retail approval

    June 3, 2025

    Bitcoin (BTC) Stalls Beneath $111K: Market Faces Broad Cooldown

    June 3, 2025

    CryptoVideos.net is your premier destination for all things cryptocurrency. Our platform provides the latest updates in crypto news, expert price analysis, and valuable insights from top crypto influencers to keep you informed and ahead in the fast-paced world of digital assets. Whether you’re an experienced trader, investor, or just starting in the crypto space, our comprehensive collection of videos and articles covers trending topics, market forecasts, blockchain technology, and more. We aim to simplify complex market movements and provide a trustworthy, user-friendly resource for anyone looking to deepen their understanding of the crypto industry. Stay tuned to CryptoVideos.net to make informed decisions and keep up with emerging trends in the world of cryptocurrency.

    Top Insights

    Crypto Market Optimism Grows: Bernstein Predicts Main Developments For 2025 – Particulars | Bitcoinist.com

    January 7, 2025

    Decentralized Insurance coverage For Crypto Losses: An Overview

    January 15, 2025

    Iconic NFT Recreation Axie Infinity Launches New NFT Equipment

    May 20, 2025

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    • Home
    • Privacy Policy
    • Contact us
    © 2025 CryptoVideos. Designed by MAXBIT.

    Type above and press Enter to search. Press Esc to cancel.