5 Reasons Why China’s Proposed Ban on Bitcoin Mining Could Kill Bitmain
China’s plans to ban bitcoin mining could not have come at a worse time for Bitmain. Once seemingly indomitable, Bitmain is now in a precarious phase. In the past …
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China’s Proposed Bitcoin Mining Ban Could Snap Crypto Rally Dead
A Chinese government report has outlined a plan to kill bitcoin mining within its borders. The report, issued by the National Development and Reform Commission (NDRC), lists cryptocurrency mining …
Bitmain’s $3 Billion IPO Application is Officially Dead but Dream Remains Alive
The IPO dreams of Bitcoin mining equipment giant Bitmain are over, at least for now, as its listing application which was filed on September 26, 2018 has reached the …
5 Bitcoin Billionaires Headline Hurun Rich List: How They Made Their Crypto Fortunes
The Hurun Global Rich List was released this week, featuring five cryptocurrency billionaires. Hurun also names blockchain the “fastest-growing new industry” in the world, despite an epic bear market …
Bitcoin Mining Giant Bitmain Launches New Chip, Hints at New Miners
Bitmain has announced the BM1397, a new, more efficient cryptocurrency mining chip. The chip sports a 28% power efficiency improvement over its predecessor. The news brought with a mention …
Anonymous Security Researcher Uncovers Exploit in Bitmain’s Bitcoin Miner S15
Developer James Hilliard, best known for his Bitcoin Improvement Proposal #91 (the BIP which activated SegWit and prevented SegWit2x) and the CGMiner program, discovered a vulnerability in Bitmain’s Antminer …
Bitcoin Mining Giant Bitmain Reveals $500 Million Loss; End of the IPO Dream?
The world’s largest maker of cryptocurrency mining equipment Bitmain made a $0.5 billion loss in 2018’s Q3, CoinDesk reports. Citing a source who viewed an update that was filed …
Taiwanese Chip Manufacturing Giant Blames Revenue Losses On ‘Crypto Winter’
Taiwanese chip manufacturer United Microelectronics Corporation saw a roughly 10% decrease in revenue in the fourth quarter of 2018. Like TSMC, who provide chips to Bitmain, they prominently attribute …
‘Be Sustainable’: Hong Kong Stock Exchange CEO Scoffs at Crypto Giant Bitmain’s IPO Attempt
By CCN.com: Talking at the World Economic Forum in Davos on Wednesday, the chief executive of the Hong Kong Exchanges and Clearing (HKEX), Charles Li Xiaojia, talked about how …
Asian Crypto Exchange Huobi is Tightening its Belt in the Bear Market, Plans to ‘Spend Money Carefully’
By CCN.com: Have you ever heard the expression ‘hope for the best and prepare for the worst’? Chinese cryptocurrency giant Huobi, a former ‘big three’ exchange, is doing exactly that. …
Bitcoin Exchange Giant Huobi Might ‘Struggle to Survive’ Bear Market
By CCN.com: Throughout 2018, cryptocurrency exchanges posted record profits, raking in hundreds of millions of dollars in trading fees even as the bitcoin price plunged as much as 80 …
Bitmain’s Chip Supplier Saw a ‘Big Drop’ in Crypto Mining Sales Last Year
Taiwan Semiconductor Manufacturing Company Limited, who provides chips to Bitcoin mining giant Bitmain, says that 2018 saw a downturn in demand for crypto mining chips. In a recent conference …
More Layoffs: Bitcoin Mining Giant Bitmain Makes Cuts in Amsterdam & Texas
Bitmain’s problems continue, as the world’s largest bitcoin mining firm has announced a fresh round of layoffs. Bitmain is rumored to have lost over $700 million in Q4 2018, …
Is Crypto Hardware Giant Bitmain Poised to Appoint a New CEO?
Rumors are rife that Bitmain Technologies is poised to make a major announcement in regards to the appointment of their new CEO. The crypto mining company’s current head honchos, …
Why Big Crypto Firms Like ShapeShift & ConsenSys Laid Off Many Employees
This week, a major crypto exchange ShapeShift was forced to lay off 30 percent of the company’s workforce, letting go 37 employees. In a letter to the company and …
Crypto Mining Giant Canaan Eyes New York IPO After Hong Kong Snub
The world’s second-largest manufacturer of cryptocurrency mining hardware, Canaan Creative, is now considering going public in the United States rather than in Hong Kong, Bloomberg reports. According to sources …
Bitmain IPO Put in Doubt by Hong Kong Financial Regulators
Hong Kong financial regulators are reluctant to back any crypto-related business at this moment in time while proper rules are being drafted to regulate initial public offerings (IPOs). The …
Bitmain: Chinese Media Reporting Jihan Wu and Micree Zhan to Step Down
The year is not ending on a good note for Bitmain. The Beijing-based bitcoin mining giant is possibly looking at the resignation of its CEOs Jihan Wu and Micree Zhan, …
Nvidia: Why Low Crypto Mining Demand Didn’t Cause Share Price Woes
Several reports over the past week have suggested that the stock price of Nvidia has dropped due to a drop in demand for crypto mining. Fool.com’s report, for instance, …