Nano Labs, a Nasdaq-listed mining chip giant, has announced its decision to
accept Bitcoin payments, joining the ranks of tech pioneers in China. The company has increased its
Bitcoin holdings substantially by an equity sale, boasting a current reserve of 360 BTC, equating to approximately $36.22 million. Confirming this significant shift in stance, Nano Labs has rebranded a subsidiary to Nano bit and expanded dramatically into the Bitcoin ecosystem. The move comes as Nano Labs secured $36.25 million following a Bitcoin acquisition valued at $5.5 million. Comparisons have been drawn to MicroStrategy, a prominent semiconductor stock under $20, implying potential for it to become a future Bitcoin-focused investment. Cross-promoting compatibility with Bitcoin, Ledger Nano S Plus has received rave reviews as a top-tier crypto hardware wallet. While crypto hardware wallet competition exists (Trezor vs. Ledger), Ledger Nano X and Ledger Nano S have maintained their positions and are touted as excellent choices for secure Bitcoin holdings. Nano Labs' focus seems to coincide with a surge in Nano Coin price, which has witnessed a 30% gain. The company is also embroiled in a $5 million lawsuit against Coinbase over the Nano Trademark. Ease in smart contract development is another aspect highlighted, which could potentially herald vast improvement in the usability and appeal of cryptocurrencies. However, in a recent event, Nano’s network faced an issue with node synchronization and a spam attack, which raised concerns about its efficiency and security.
Nano Coin News Analytics from Sat, 04 Nov 2017 14:47:50 GMT to Sun, 23 Feb 2025 08:00:00 GMT -
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