A Bitcoin Mining Pool Dries Up

Published on
September 6th, 2022
39 minutes

A Bitcoin Mining Pool Dries Up

Crypto Daily Briefing ·
Featuring Darius Dale, Ash Bennington and Nicolas Brugge

Published on: September 6th, 2022 • Duration: 39 minutes

Poolin, one of the world's largest Bitcoin mining pools, has suspended withdrawals from its wallet service, blaming a "dull crypto market." At the top of today’s Real Vision Crypto Daily Briefing, Nico Brugge and Ash Bennington explain how mining pools work and what Poolin’s problems mean for the broader Bitcoin market. Also up for discussion are Binance’s bold move to auto-convert some rival stablecoins into its own BUSD later this month, a regulatory change in the UK, and the launch of FIFA’s NFT collection on the Algorand blockchain, as the build-up to World Cup 2022 continues. Finally, Nico and Ash go deep into a conversation with Darius Dale, the founder and CEO of 42 Macro, about the prevailing macro environment and what it means for price action in the crypto market. And we want to hear from you – please share your questions in the chat!