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Cryptocurrency News Articles
BIT Mining Invests in Prosper, a Decentralized Protocol Connecting Institutional-Grade Bitcoin Mining Power On-Chain
Nov 15, 2024 at 03:48 am
Prosper, a decentralized protocol that connects institutional-grade Bitcoin mining power on-chain is set to unleash Bitcoin's full potential through liquidity farming.
Decentralized protocol Prosper, which aims to integrate institutional-grade Bitcoin mining power on-chain and unlock Bitcoin’s full potential through liquidity farming, announced a new investment in its native project token, PROS, from BIT Mining Limited (NYSE: BTCM), a leading company in the cryptocurrency mining industry.
This strategic pivot towards Bitcoin mining and the broader Bitcoin ecosystem has generated positive feedback from the community. In a bid to strengthen its operational framework, Prosper is collaborating with key industry leaders to access a spectrum of services and products, ensuring optimal execution in managing its mining hashrate.
The investment from BIT Mining signifies a strong endorsement of Prosper’s thesis by institutional players.
Together with Prosper’s growing roster of top-tier industry collaborators and financial backers (most notably highlighted by a recent investment from Waterdrip Capital), the platform’s value proposition resonates particularly with cryptocurrency mining companies that possess deep expertise in mining operations and a strong understanding of the ecosystem. This investment aligns seamlessly with Prosper’s strategic roadmap and bolsters its innovative vision.
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- PM Modi to visit Jamui in Bihar tomorrow to commemorate the Janjatiya Gaurav Divas
- Nov 15, 2024 at 08:15 am
- It marks the commencement of the 150th Birth Anniversary Year celebrations of Dharti Aaba Bhagwan Birsa Munda. Mr Modi will unveil a commemorative coin and postal stamp in honour of Bhagwan Birsa Munda tomorrow morning.
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- WEEX Announces Listing of Peanut the Squirrel (PNUT) Meme Token, Highlighting Community Growth and Trading Opportunities
- Nov 15, 2024 at 08:15 am
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- A Memecoin Trader Just Pulled Off the Trade of a Lifetime
- Nov 15, 2024 at 06:55 am
- On October 31, an anonymous trader bought $17 worth of Pnut, a memecoin named after a celebrity squirrel. On Wednesday, the trader finished swapping those tokens for an estimated $3 million in Solana, the native cryptocurrency of the eponymous blockchain.
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