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Tag: GMO

Challenges Surround GMO Internet’s Cryptocurrency Mining Business

Category: Altcoins, Business, Finance, News

Challenges Surround GMO Internet’s Cryptocurrency Mining Business

The cryptocurrency mining business report from GMO Internet released on January 8, 2019, indicates a slight surge in the number of bitcoins mined, but a decrease in profits because of the plummeting price of bitcoin. GMO revealed it didn’t mine Bitcoin Cash in December and will discontinue publishing mining business report from January 2019. GMO Internet: Waking the Japanese IT…

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Japanese IT Giant GMO Quits Selling Crypto Mining Equipment after Market Slump

Category: Altcoins, Bitcoin, Development, Finance, Mining, News

Japanese IT Giant GMO Quits Selling Crypto Mining Equipment after Market Slump

Per a report published on December 25, 2018, Japanese internet giant GMO has decided to call off their business of manufacturing and selling cryptocurrency mining machines. Market Slump to Blame for Declining Profits According to the report, GMO’s in-house mining business profitability took a major beating due to the declining cryptocurrency prices. Further, the company’s mining share did not increase as…

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GMO Coin Cryptocurrency Exchange Resumes Bitcoin Cash ABC (BCHABC) Trading  

Category: Altcoins, Exchange, Finance, News

GMO Coin Cryptocurrency Exchange Resumes Bitcoin Cash ABC (BCHABC) Trading  

GMO Coin, the digital assets trading venue owned by Japan’s GMO Internet, Inc. has reportedly made it clear that bitcoin cash ABC is its preferred choice among the two versions of the November 15, 2018, hard fork. BCHABC trading was expected to resume on December 4, 2018, according to a Finance Magnates report on December 3, 2018. GMO Coin Resumes…

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Japan: GMO Internet Reports Record-High Performance for its Crypto-Related Businesses

Category: Bitcoin, Blockchain, Ethereum, Mining, News, Platform, Tech

Japan: GMO Internet Reports Record-High Performance for its Crypto-Related Businesses

Japan’s IT behemoth GMO published its Q3 2018 financial report on November 12, 2018, which reveals the company’s “historical performance” in its cryptocurrency business line. According to the report, the firm’s crypto segment earned revenue more than JPY 2.6 billion ($22.8 million) “despite the harsh external environment.” Crunching the Numbers The report shows promising figures for the Japanese internet company….

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GMO Internet Set to Launch Yen-Backed Stablecoin “GMO Japanese Yen” in 2019

Category: Altcoins, Blockchain, Finance, News, Platform, Tech

GMO Internet Set to Launch Yen-Backed Stablecoin “GMO Japanese Yen” in 2019

Japanese IT giant, GMO Internet has made its entry into the stablecoin space, with plans to launch a yen-pegged cryptocurrency in 2019. In an announcement on October 9, 2018, the company said that it would begin full-scale preparation to issue the stablecoin – GMO Japanese Yen (GJY) –  as it prepares for a move into the blockchain remittance and settlement…

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Japanese Conglomerate GMO Releases Bitcoin Miner to Compete Against Bitmain

Category: Bitcoin, Business, Mining, News, Tech

Japanese Conglomerate GMO Releases Bitcoin Miner to Compete Against Bitmain

GMO, which has allocated around ten percent of the company’s capital and resources in developing cryptocurrency mining equipment and bitcoin mining facilities, released its highly anticipated bitcoin miner on June 5, directly competing against the dominant cryptocurrency mining equipment manufacturer Bitmain. GMO’s Bitcoin Miner Specs The release event in Japan at GMO’s headquarters revealed the new bitcoin miner would cost…

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GMO Launches “CryptoChips,” A Bitcoin-Based Gaming Rewards System

Category: Bitcoin, Business, Finance, Mining, News

GMO Launches “CryptoChips,” A Bitcoin-Based Gaming Rewards System

Prominent Japanese conglomerate, GMO Internet Inc., has taken another significant step in its quest to excel in the cryptocurrency market. On May 31, 2018, the firm announced the launching of an in-game rewards system called CryptoChips. About CryptoChips GMO announced the crypto gaming rewards system via a press release on the company’s website. In recent times, GMO has expanded from…

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Japan’s Tech Giant Set to Launch the First Bitcoin Miner with 7nm Chip

Category: Bitcoin, Business, Mining, News, Tech

Japan’s Tech Giant Set to Launch the First Bitcoin Miner with 7nm Chip

GMO Internet Group plans to launch GMO miner B2 on June 6, 2018, which will be followed by an information session in Tokyo, Japan. During the launch, details on the GMO miner B2’s performance and the price will become available to potential buyers. Once launched, the GMO miner B2 will become the first bitcoin mining machine in the world to…

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GMO’s Cryptocurrency Mining Operation Hits the Ground Running: 900 Bitcoin Mined Already

Category: Altcoins, Bitcoin, Business, Mining, News

GMO’s Cryptocurrency Mining Operation Hits the Ground Running: 900 Bitcoin Mined Already

Highly reputable Japanese conglomerate, GMO Internet, Inc., began its cryptocurrency mining operations in December 2017. Now, the firm has revealed it has succeeded in mining a total of 900 bitcoin and 537 bitcoin cash since catching the crypto fever in 2017. Smooth Operations In its business report for April that it released the week beginning May 7, GMO revealed that…

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