CryptoCorroborated

Binance to shut down mining pool, cloud mining and related services

Binance said it will shut down its mining pool, cloud mining, and Pool Savings services on Nov. 10.

What happened

Binance said it will shut down its mining pool, cloud mining, and Pool Savings services on Nov. 10.

Why it matters

The development may change operating conditions or market expectations around Bitcoin, Binance. Further confirmation and measurable outcomes matter.

Affected entities

Bitcoin · BTCNeutralBinanceNeutral

View evidence

2 reports · 1 original report · 2 independent

  1. The BlockPrimary source · Supports · EN · 100%
    Binance to shut down mining pool, cloud mining and related services ↗
  2. DecryptIndependent · Supports · EN · 52%
    Binance Is Shutting Down Its Bitcoin Mining Pool After Six Years ↗

Claims

  • Binance to shut down mining pool, cloud mining and related services Observed

Conflicts

No material conflict detected in the available evidence.

Timeline

  1. First reported
  2. Unverified · 66/67%

Market move following event

BTC · 15 min-0.01%
BTC · 1 h-0.11%
BTC · 4 h-0.35%
BTC · 24 h+0.04%

Score explanation

Confidence · formula confidence-2.1.0
Source trust84
Independent corroboration76
Primary evidence35
Claim consistency82
Extraction confidence82
Attribution quality90
Impact · formula impact-2.1.0
Event magnitude45
Market relevance88
Entity significance98
Market breadth66
Novelty60
Urgency51
Ranking · formula rank-1.0.0
Confidence factor0.874
Freshness factor0.9006
Breaking bonus0