The CEOs of leading mining ASIC producer Bitmain will be allegedly soon be retiring to give place to a successor surnamed Wang. Jihan Wu and the Jenke Group will be reportedly soon retire as CEOs of leading mining ASIC producer Bitmain. Rumors about their departure were reported by Chinese local media Odaily on Dec. 28. […]
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Huobi plans to launch the company’s first crypto exchange — dedicated to EOS — in the first quarter of 2019. Huobi Group plans to launch the company’s first cryptocurrency exchange — which will be dedicated to EOS — in the first quarter of 2019, according to a press release sent to Cointelegraph on Dec. 29. […]
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GPU producer Nvidia is facing a class action lawsuit over the losses reported by the company when demand for GPUs by miners diminished. Graphics processing unit (GPU) producer Nvidia is facing a class action lawsuit over the losses reported by the company when lower crypto prices diminished demand for GPUs by miners. Schall law firm […]
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A Taiwanese man has been arrested on suspicions of stealing electricity worth over $3 million to mine Bitcoin and Ethereum worth around $14.5 million. A Taiwanese man suspected of stealing electricity worth over $3 million to mine Bitcoin (BTC) and Ethereum (ETH) has been arrested, according to a report from local news channel EBC Dongsen […]
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Institutional activity, regulations, and wider adoption will be some of the triggers that will be closely watched during the crypto recovery. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research […]
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British regulators are taking more time over crypto, but this won’t make U.K. legislation more permissive. A significant crypto market slump has brought concern and alarm, but also some unexpected side benefits. One such benefit comes from how financial regulators in the United Kingdom now appear sufficiently relaxed about crypto and its growth that they can […]
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Cryptocurrency mining giant Bitmain and major crypto exchange Huobi have reportedly confirmed plans to lay-off staff. Cryptocurrency mining giant Bitmain and major crypto exchange Huobi have reportedly confirmed plans to lay off staff amid the 2018 price rout of the crypto markets. Hong Kong English-language newspaper South China Morning Post (SCMP) reported on the layoffs […]
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Crypto markets are lacking in Christmas cheer, with virtually all of the top 100 coins by market cap in the red. Friday, Dec. 25 — crypto markets are lacking in Christmas cheer, with many major crypto assets hit with double-digit losses. Virtually all of the top 100 coins by market cap are in the red, […]
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The company said that tens of billions of yen in lost profits led it to the decision, which will also see it move its mining center. Japanese internet giant GMO Internet Group is quitting the Bitcoin mining hardware sector, Cointelegraph Japan reported Dec. 25 referencing a public document. Citing “extraordinary loss” in Q4 this year, […]
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At least 340 cryptocurrency or blockchain companies were dissolved or liquidated this year in the U.K., nearly two and a half times more than in 2017. At least 340 cryptocurrency or blockchain companies were dissolved or liquidated this year in the United Kingdom (UK), British news outlet Sky News reported on Dec. 22. UK crypto […]
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