Nano Labs, the Nasdaq-listed mining chip giant, is set to explore crypto transactions by accepting Bitcoin as a payment form. This move signals a shift in China's tech industry and, quite possibly, could be strategic corresponding to an anticipated policy change in the country. The company has further raised $36M, growing their Bitcoin reserve to 360 BTC, valued at $36.22 million. However, these developments also brought complications.
Nano Labs faced a $5 million lawsuit from Coinbase over the Nano trademark, triggering outrage over the cryptocurrency exchange's $170 million Nano Coin loss.
Nano has recently faced network issues with nodes falling out of sync after being spammed. Despite these challenges, the
Nano price continues to show positive movements with a 30% gain. The
Nano Coin's eco-friendly quality has been highlighted as its unique selling point, distinguishing it from competitors such as Bitcoin. Looking at the broader cryptocurrency market, Coinbase has filed paperwork to list Solana and Hedera futures, partnering with Webull to expand retail access for crypto futures trading. Despite
Nano's struggles, it continues to show promise in the volatile crypto market, with various price predictions hinting at a potential rise.
Nano Coin News Analytics from Sun, 21 Dec 2014 08:00:00 GMT to Sun, 23 Feb 2025 08:00:00 GMT -
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