Business 15 January 2019

Bitmain closes another office—this time in Amsterdam

After shutting down its operations in Israel and Texas, cryptocurrency mining company Bitmain has reportedly decided to also close its office in Amsterdam.

Editorial 15 January 2019

Under China’s new blockchain laws, Bitmain-ABC’s BCH is in trouble

Under the new regulations, blockchain information service providers are within the purview of the CAC and a range of penalties has been outlined for the violation of the provisions.

Business 14 January 2019

Bitmain shuts down Texas mining operations

Bitmain, the once giant China-based cryptocurrency mining company, offered to turn things around, bringing promise of new jobs and new hope to the struggling people of Rockdale.

Business 10 January 2019

Haichao Wang replaces Jihan Wu at Bitmain

Wang, currently the product engineering director at Bitmain, is “poised” to succeed the crypto mining hardware company’s CEOs, Jihan Wu and Micree Zhan, according to reports.

Tech 7 January 2019

Bitmain pushed back as Ethereum moves to ASIC-resistant miners

Ethereum core developers have reportedly reached a decision to implement a new proof-of-work algorithm that could potentially improve the efficiency of GPU-based mining, shying away from ASIC-based activity

Business 7 January 2019

Kraken stayed busy with law enforcement officials last year

According to a tweet by the cryptocurrency exchange from two days ago, Kraken had to deal with a significant number of law enforcement requests last year.

Business 28 December 2018

‘For the better survival of Bitmain’: Embattled Jihan Wu, co-CEO reportedly resigning

The crypto mining company's top man, Jihan Wu, is reportedly about to quit his chief executive position at Bitmain, along with his co-CEO Micree Zhan.​

Business 26 December 2018

Confirmed: Bitmain facing major staff reductions

When Bitmain filed for its initial public offering a few months ago, it indicated that it had 3,594 full-time employees. That number has dwindled to around 3,100 and the personnel cuts—which reports indicate has affected over 1,000 employees—will lead the company to be nothing more than a shell of its former self.

Business 17 December 2018

You got served: Bitmain, ‘team of conspirators’ ordered to respond to BCH market manipulation lawsuit

Jihan Wu, his company Bitmain, and their alleged ‘team conspirators” have 21 days to respond to a lawsuit accusing them of intentional fraud and market manipulation during the recent Bitcoin Cash BCH network upgrade.

Business 17 December 2018

‘Reluctant’ Hong Kong Stock Exchange puts Bitmain IPO in limbo

The Hong Kong Stock Exchange is reportedly “reluctant” to give their approval for Bitmain’s IPO application.

Editorial 14 December 2018

Is ABC’s end game plan to help China sideline Bitcoin?

Far from creating a state of anarchy, it appears that the ABC faction may have been working for the Chinese government after all.

Business 10 December 2018

Bitmain shuts down Israel office, leaving all 23 employees jobless

Israeli news outlet Globes reported on Monday that Bitmain’s development center in Ra’anana “will close this week,” leaving all its 23 staff members without a job.