China-based leading mining and ASIC hardware producer Bitmain has reportedly suspended its mining operations in Rockdale. China-based leading mining and mining ASIC hardware producer Bitmain has reportedly suspended its mining operations in Rockdale, public radio station Texas Public Radio reports on Jan. 10. Rockdale is located in Milam County, east of Austin, in the United […]
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Bitmain’s CEOs might be stepping down because of the bear market. On Jan. 10, news emerged that Chinese Bitcoin mining giant Bitmain’s co-founders, Jihan Wu and Micree Zhan Ketuan, will step down as co-CEOs of the company. The move follows a streak of reports suggesting that Bitmain has been facing mass layoffs, class action lawsuits and […]
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Local officials of United States’ Douglas County located in central Washington want to build a blockchain innovation campus. Local officials of United States’ Douglas County located in central Washington want to build a blockchain innovation campus, local daily newspaper The Seattle Times reports on Jan. 11. According to the aforementioned article, the county is already […]
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HBUS has announced the rebranding of its retail trading service from HBUS.com to Huobi.com. HBUS, the United States-based strategic partner of China-born crypto exchange Huobi, has announced the rebranding of its retail trading service from HBUS.com to Huobi.com. THe rebranding was shared in a press release with Cointelegraph on Jan. 11. As reported, HBUS launched […]
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Anonymous people familiar with the plans told local mainstream media that Bitmain’s product engineering head will replace the duo. Chinese Bitcoin mining giant Bitmain’s co-founders Jihan Wu and Micree Zhan Ketuan will quit their posts as co-CEOs but still steer the company’s important decisions. Hong Kong-based English-language news outlet South China Morning Post reported the […]
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Having failed to conduct an IPO in Hong Kong, Canaan is apparently eyeing an alternative jurisdiction. Chinese Bitcoin mining hardware manufacturer Canaan Creative is considering a new initial public offering (IPO) in New York, Bloomberg reported on Jan. 8, quoting anonymous sources. Canaan, China’s second-largest hardware player, could begin selling its shares in a private […]
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Japan’s GMO Internet Group has confirmed it took a steep hit in overall mining revenue, but saw an increase in monthly BTC mining rewards. Japanese IT giant GMO Internet Group has published the latest monthly disclosure on its in-house crypto mining operations, confirming that it took a steep hit in overall mining revenue. GMO released […]
Continue ReadingCryptocurrency exchange Kraken has received nearly three times more law enforcement inquiries in 2018 than in 2017. Cryptocurrency exchange Kraken has received nearly three times more law enforcement inquiries in 2018 than in 2017, the exhange reported in a tweet Jan. 5. According to data displayed in the weet, in 2018 the exchange received 475 […]
Continue ReadingLenders in the cryptocurrency industry are reportedly faring better in the recent bear market than other types of business in the space. Lenders in the cryptocurrency industry are reportedly weathering the recent crypto bear market better than others, Bloomberg reported on Jan. 2. According to Bloomberg, creditors that offer their services in the cryptocurrency industry […]
Continue ReadingJapanese e-commerce conglomerate DMM.com Ltd. will shut down its crypto mining business, citing deteriorating profitability. Japanese e-commerce conglomerate DMM.com Ltd. will shut down its crypto mining business, citing deteriorating profitability as the main cause. Local business magazine Toyo Keizai reported the shutdown on Dec. 30. The decision was reportedly taken in September 2018, and initial […]
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