China-based Bitcoin mining pool, Poolin, registers a record decline in hash rate share to 1% from its all-time high of 18% – a 94% decline, according to data from Glassnode. Source: Glassnode Poolin c...
Tag: Poolin
Bitcoin held by miners sinks to 1 year lows; Poolin culpable
Bitcoin miners are facing a challenging time due to ongoing price uncertainty and global energy shortages. In addition, macro factors have conspired to raise the cost of borrowing, while access to cap...
Bitcoin mining pool Poolin in distress following liquidity crisis
The Bitcoin mining pool Poolin on Sept. 6 announced liquidity problems and subsequently suspended withdrawals, flash trades, and internal transfers from its network. Mining pools collate processing po...
Crypto Pool Enterprise Poolin Is Halting All Withdrawals
As volatility in the crypto market continues, another company has decided to halt all withdrawals as a means of retaining and controlling liquidity. This time, the firm in question is a crypto mining ...
Crypto Miner Poolin Issues $238M in IOU Tokens to Fix Liquidity Crisis
Poolin, one of the largest Bitcoin mining pools, has issued $238 million worth of IOU (I-Owe-You) tokens to customers. The latest development comes shortly after the firm shut down its withdrawal serv...
Poolin Will Provide ‘IOU’ Tokens After Withdrawal Freeze –
The Bitcoin Mining Pool, Poolin, will issue IOU (I Owe U) tokens. The withdrawal of this IOU token is unlimited. On September 4, 2022 the firm suspended all withdrawals to preserve assets and stabiliz...
Poolin Brings In IOU Tokens to Mitigate The Impact
Poolin, the embattled crypto mining pool service provider, will offer freshly-minted IOU tokens to its users whose assets are frozen after the platform suspended withdrawals last week. The distributio...
Liquidity Issues Force Poolin to Suspend Withdrawals, Flash Trades, and Swaps
Crypto mining pool service provider Poolin becomes the latest casualty of panic withdrawals that left several crypto platforms with serious liquidity issues forcing them to halt withdrawals, among oth...
Poolin Makes ZERO Fee Charge Promotion and Settlement Adjustment Declaration – crypto.news
Poolin Wallet is presently experiencing some liquidity issues as a result of the recent rise in withdrawal requests. But rest assured that the company’s net worth is good and all user assets are secur...
Poolin Suspends Wallet Withdrawals, Crypto Daily TV 07/09/2022
In Todays Headline TV CryptoDaily News: Preserving assets. PoolinWallet, the wallet service of one of the world’s biggest bitcoin mining pools, is suspending all withdrawals as it tries to prese...
Crypto miner Poolin pauses BTC and ETH withdrawals, citing ‘liquidity problems’
Poolin, one of the largest Bitcoin mining pools by hash rate, has announced it has temporarily suspended Bitcoin and Ether withdrawals from its wallet service due to “liquidity problems.” In a Monday ...
Poolin Mining Pool Freezes BTC and ETH Withdrawals, Cites Liquidity Issues
Is this the beginning of the end for Poolin? Or is the mining pool just powering through some minor problems? The Beijing-based company recently announced, “Poolin Wallet is currently facing some liqu...
Bitcoin Mining Pool Poolin Halts Withdrawals Amid Liquidity Crunch
Major bitcoin mining pool Poolin is short on liquidity after mass withdrawals Withdrawals from the service’s wallet were suspended on Monday evening Crypto mining platform Poolin — one of the largest ...
Crypto Mining Pool Provider Poolin Suspends Withdrawals, Citing Liquidity Problems
Poolin, a cryptocurrency mining pool provider headquartered in Beijing, China, announced Monday that it had suspended withdrawals from its crypto wallet service, which signals serious trouble within t...
Poolin, One of the World’s Biggest Bitcoin Mining Pools, Acknowledges Liquidity Issues
In a post on his WeChat Moments on Sunday, akin to a Facebook newsfeed, Poolin CEO and founder Kevin Pan acknowledged that the company is lacking liquidity, but said user assets are safe. Pan wrote th...