Rumors of a Power Grab in Canaan Intensify as Three Directors Removed From Official Company Registry

Jul 10, 2020

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’...

China Crypto Roundup (June 22-28): Ebang Hits Nasdaq, Bitmain Tension Eases off, and More

Jun 29, 2020

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...

Chinese Bitcoin Miner Maker Ebang Hits Nasdaq with Expansion Blueprint

Jun 28, 2020

On June 26, Ebang International Holdings —  bitcoin mining equipment manufacturing company was listed in the Nasdaq market with ticker NASDAQ: "EBON".                     The first day of trading of NYSE : EBON, share closed nearly 14% down from ...

Leaked Negotiation Details Show the Two Founders of Bitmain May Come to A Compromise

Jun 24, 2020

On June 24, a statement issued by Antminer shows crypto miner maker Bitmain’s two founders Wu Jihan and Micree Zhan have reached an agreement after their long battle for controlling the company. The voice is solely from Wu Jihan, and there is no response from the Micree Zhan at pres...

Leaked Documents Show Bitmain’s Jihan Wu Could Face Charges For Fraud and Embezzlement

Jun 23, 2020

The power struggle in one of the largest Bitcoin mining hardware manufacturers in the world is still ongoing but could reach a very nasty end soon, at least according to some leaked documents. Micree Zhan and Jihan Wu, the founders of Bitmain, have been embroiled in a bloody battle for contro...

Bitcoin Mining Manufacturer Canaan Sees Stock Hit Record Low as their Equipments Becomes Less Profitable

Jun 16, 2020

Canaan, one of the largest Bitcoin mining hardware manufacturers in the world, has had quite a busy and eventful year, continuing to compete for a larger part of the mining market against Bitmain, another Chinese manufacturing giant. Being one of the few companies in the crypto and blockchai...

China Crypto Roundup (Jun 8-15): 50M Yuan Blockchain Initiative, Bitcoin Mining in College Entrance Exam, Crypto Accounts Frozen, Bitmain Drama

Jun 15, 2020

The Chinese cryptocurrency sphere this past week has seen a 50 million blockchain project give a strong boost into the blockchain industry, bitcoin mining knew by more people in the country as it was included in the country’s college entrance exam, thousands of crypto bank cards frozen, Bitmain’...

Micree Zhan Prohibited Miner Delivery, Bitmain Trapped in Serious In-fighting Once Again

Jun 11, 2020

Recently previously ousted co-founder Micree Zhan controlled the Shenzhen miner delivery factory and prohibited employees from normal delivery to paid customers after returning to Bitmain. Bitmain then issued an internal letter indicating it was solving the problem by legal approach. Accor...

45 Types Crypto Miners Reach ‘Shutdown Price’ After BTC Halving, the Value of Bitmain S9 Plummets

May 15, 2020

The Bitcoin blockchain has experienced its third block reward halving. However, 45 types of crypto mining machines reached the shutdown price overnight, which means they were not able to cover the cost when they are turned on. The price of the best-known Antminer S9 dropped to 100 Chinese yua...

China Crypto Roundup (May 5- May 11): Bitmain Internal Struggle Escalates, CCTV Talks about Bitcoin Rally ahead of Halving, Shanghai Court Rules Bitcoin a Virtual Asset

May 11, 2020

While the bitcoin world is preparing for the imminent halving of the block reward, bitcoin mining giant Bitmain’s internal power struggle is escalating into a physical brawl, Chinese national media talked about the latest bitcoin rally, and a Shanghai court ruled that bitcoin is a legal propert...