Micree Zhan and Wu Jihan, two co-founders of Bitmain have formally reached an agreement. Zhan temporarily to mortgage his shares and lend $600 million from Bitmain to acquire some shares of Wu Jihan. Bitmain’s subsidiaries like BTC.com, BitDeer and overseas mining farms was contro...
This week’s surge in the price of Bitcoin has seen a crop of new crypto-based millionaires emerge and most of them are early miners, data from on-chain market analytics firm, Glassnode, have shown. Bitcoin hit a new record high above $23,000 on Thursday December 17 after soaring by 12% to ...
Bitmain has picked the largest digital asset mining operation in North America as its cooperative repair center in the region to service and repair Bitmain's machines using original parts which will seek to reduce the downtime typically involved with sending machines to China for repair. ...
The power struggle in Bitmain is showing no sign of stopping. While many have anticipated that the saga will soon reach a very nasty end, few thought the internal struggle would affect the company’s growing global business operations. However, the latest information coming from the world's ...
The number of blockchain unicorns this year seems to fail to swell higher from last year as most industry watchers expect, according to the Hurun Global Unicorn Index 2020. Research firm Hurun published its second-year list of global unicorns for 2020 on Tuesday August 4, ranking the wor...
The top stories from the Chinese cryptocurrency sphere this past week includes: China’s Supreme Court recommends strengthening cryptocurrency property rights; China’s central bank issues new standards for blockchain fintech applications; Alibaba launched Antchain blockchain solution… C...
The drawn-out power struggle inside bitcoin mining giant Bitmain is getting nastier, as an announcement made earlier today by the Antminer sales team indicated. According to the announcement published on the WeChat account of Antminer pre-sale, about 10,000 Antminers in one of Bitmain’s...
Another of Bitmain's interest in the financial sector may be about to pan out as one of the top web browsers in the world, Opera, has just been reported as set to acquire Fjord Bank in Lithuania. The acquisition move is part of a plan by the browsing provider, which is also an influential pla...
Canaan, one of the top three Bitcoin mining hardware manufacturers in China, is going through a rather turbulent period. The company has been shaken to the core by an internal power struggle going on between its founders and directors and the rumors currently surrounding the ongoing event aren’...
In this past week, Chinese firm Ebang become the second bitcoin miner manufacturer to go public in the U.S., internal struggle at Bitmain came to a temporary compromise, China’s national blockchain service network (BSN) integrates Chainlink’s Oracle functionality, and more headlined ne...
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