2018-12-27 03:22 |
The mining giant is losing some weight.
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According to several reports, crypto mining giant Bitmain is running out of funds. And it could be bad for Bitcoin Cash and Litecoin. $315. 5 million worth of Crypto-Assets Kyle Samani, the co-founder of Multicoin Capital, a crypto fund, warned in a Tweet that Bitmain would liquidate its crypto-assets to accumulate fiat-funds for its business operations.
2018-12-26 17:27 | |
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GMO Internet says it will no longer develop, manufacture, and sell Bitcoin mining hardware following significant losses incurred in Q4 2018. The Japanese IT company will instead focus on its in-house mining activities following a comprehensive revenue review.
2018-12-26 17:00 | |
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CoinSpeaker Japanese IT Giant GMO Quits Mining Hardware Business However, the company will continue with its in-house mining business, after relocating its mining operations to a region with cheaper power supply.
2018-12-26 14:19 | |
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Japanese IT giant GMO Internet plans to stop making and selling crypto mining machines, only months after launching its B3 miner.
2018-12-26 12:00 | |
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Bitmain fires entire BCH-focused Copernicus team A tweet made by a Chief Strategy Officer at Blockstream and former BTCC Chief Operational Officer Samson Mow suggests that Chinese Bitcoin mining giant Bitmain followed up on recent downsizing reports and laid off its entire Copernicus team, which was working on the development of Bitcoin Cash client.
2018-12-26 07:18 | |
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Japanese internet giant GMO has announced that it will no longer develop, manufacture, and sell cryptocurrency mining machines. The company will, however, continue to mine in-house but will relocate its mining center to a region with cleaner and less expensive energy.
2018-12-26 01:00 | |
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Months after it filed an application to go public on the Hong Kong Stock Exchange, Beijing-based cryptocurrency mining giant Bitmain is undergoing a series of business changes that extend even to its China offices, the company confirmed Tuesday.
2018-12-25 19:00 | |
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Japanese internet giant GMO Internet Group is quitting the cryptocurrency mining hardware sector, according to a public document. Citing extraordinary loss in Q4 this year, GMO said that it will “no longer develop, manufacture and sell” miners.
2018-12-26 18:00 | |
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Things appear to be far from well with Bitcoin Mining firm Bitmain as several reports indicate another round of employee layoffs at the firm. This news follows reports that the company’s IPO is also dead in the water after rumors of Q3 losses running into over $700 million.
2018-12-25 00:00 | |
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Bitmain could fire up to 50% of its staffers which doesn’t bode well for BCH Chinese cryptocurrency mining giant Bitmain is not faring that well at the moment. This current environment of low crypto prices caused a sharp drop of interest for new mining equipment, and companies like Bitmain have felt that the most.
2018-12-25 23:48 | |
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Chinese cryptocurrency mining giant Bitmain is not faring that well at the moment. This current environment of low crypto prices caused a sharp drop of interest for new mining equipment, and companies like Bitmain have felt that the most.
2018-12-25 23:45 | |
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Bitmain Could Be In Throes Dovey Wan, a prominent Asian cryptocurrency entrepreneur and insider, recently drew attention to a post on China’s version of LinkedIn (“usually very high accuracy, posted by employees themselves”) that indicates that Bitmain, the Beijing-based crypto mining giant, is ready to begin a drastic layoff.
2018-12-24 03:45 | |
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The downturn of the crypto market has forced Beijing-based Bitcoin mining giant Bitmain to close its blockchain development center in Israel and lay off all of its employees, Israeli business news outlet Globes reported on December 10, 2018.
2018-12-13 10:45 | |
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When the crypto chips are down companies often seek alternative methods of generating income. Gaming equipment giant Razer wants to pay gamers to mine crypto using their graphics cards. The new crypto rewards program is called ‘Razer SoftMiner’, and it enables users to put their GPUs to work mining “Silver” which according to the firm […] The post Gaming Firm Wants to Pay Players to Mine Cryptocurrency appeared first on Ethereum World News.
2018-12-13 10:34 | |
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The ongoing bear market has caused another cryptocurrency company to downsize its operations. Bitmain, the Beijing-headquartered bitcoin mining technology giant, has now begun shutting down its research and development center in Ra’anana, Israel.
2018-12-10 21:50 | |
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Cryptocurrency mining giant Bitmain is closing down its Israel-based research and development arm, the Globes reported. According to the report, Bitmaintech Israel, the firm’s R&D center in the city of Ra’anana, is being shuttered due to the general downturn in the crypto markets.
2018-12-10 21:06 | |
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The ongoing bear market has begun to take its toll on a number of businesses, as many seek to close up operations, reduce staff, or make other changes that impact their ability to stay afloat. The latest cryptocurrency firm to feel pressure due to continued price decline, is the $15 billion-valued mining giant Bitmain.
2018-12-10 19:59 | |
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The move comes several weeks after China’s crypto mining giant opened a new US facility despite the recent decline in Bitcoin (BTC) and altcoin prices.
2018-12-10 19:15 | |
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The Israeli research and development arm of cryptocurrency mining giant Bitmain will close, resulting in the firing of all 23 staff due to market “turmoil. ” Glikberg: Bitmain ‘Forced’ To Reevaluate As local media outlet Globes reported December 10, Bitmain, which continues to face financial problems of its own this year, will formally end all activities at its offshoot just three years after it began operations.
2018-12-10 18:00 | |
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It appears the downturn of the cryptocurrency market is having a ripple effect (pun intended) on the industry. Numerous blockchain businesses have been forced to close down or lay off staff to survive – and the latest one is Bitmain.
2018-12-10 16:33 | |
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Cryptocurrency mining giant Bitmain has reportedly closed down its Israel-based R&D division, citing a crypto market "shake-up."
2018-12-10 16:00 | |
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On December 6, 2018, publicly listed American internet services company UnitedCorp filed a lawsuit against Bitcoin Cash proponent Roger Ver, the founder of bitcoin. com, bitcoin mining giant Bitmain and cryptocurrency exchange Kraken for allegedly hijacking Bitcoin Cash network unlawfully for personal benefit.
2018-12-8 09:00 | |
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Fresh rumors over the financial health of Bitcoin mining giant Bitmain cast a shadow over the company again this week, suggesting it faces losses close to $1 billion. Bitmain’s Worst Quarter? Originally reported by the Twitter account known as BTCKING555 December 3, the author of which almost exclusively tweets about Bitmain, unreleased quarterly earnings data for Q3 2018 allegedly reveals $740 million losses.
2018-12-5 13:00 | |
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Mining giant Bitmain has released a crypto benchmarking tool for retail and institutional investors.
2018-12-3 11:40 | |
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On November 27, 2018, the U. S. Patent and Trademark Office accepted a patent submitted in 2016 by the tech giant Intel Corporation for a new energy efficient, high-performance bitcoin mining system capable of outpacing the current model.
2018-12-3 23:00 | |
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CoinSpeaker Bitmain Crypto Index Launches For Crypto Investors Mining giant Bitmain has just launched a new cryptocurrency index. The index is for investors who are interested in having a benchmark for their investments. Bitmain Crypto Index Launches For Crypto Investors
2018-12-1 13:15 | |
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Taiwan-based computer hardware giant ASUS is the latest player in the block to join the cryptocurrency mining party. According to a report by Hard Fork, published November 29, 2018, ASUS is persuading gamers to mine cryptocurrencies when their gaming systems are not in use.
2018-12-1 02:00 | |
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The US Patent Office has awarded computing giant Intel a patent for a processing system that optimizes Bitcoin mining.
2018-12-1 00:47 | |
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Bitmain has launched a new index tracking the performance of major cryptocurrencies as a benchmark for investors.
2018-11-30 15:40 | |
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Taiwan-based tech giant Asus is now letting gamers use their graphics cards to earn a share of profits from cryptocurrency mining.
2018-11-30 13:00 | |
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The Canadian Bitcoin mining giant Fortress Blockchain registered a loss of $1. 16 million in the third quarter of 2018. In the previous quarter, the company lost $202,000. This shows that the bearish price action in virtual currencies is affecting the whole crypto market.
2018-11-30 06:55 | |
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ASUS seems to be hopping on the crypto mining bandwagon. The Taiwanese manufacturer, a technological giant in the industry, wants gamers to mine cryptocurrencies when they do not use their games. Cryptocurrency mining activities can be carried out with different hardware machines.
2018-11-30 23:32 | |
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Bitcoin miner maker Canaan Creative has revealed it is temporarily cutting prices to "celebrate" bitcoin's recent price rise.
2018-11-30 19:15 | |
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ASUS is the latest technology giant to hop on the cryptocurrency mining bandwagon. The Taiwanese manufacturer is now encouraging gamers to mine cryptocurrency when they’re not playing games. Putting to use their idle graphic cards, ASUS gamers will be able to mine cryptocurrency and cash out their earnings through PayPal or WeChat.
2018-11-29 17:11 | |
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Gor Gevorkyan, a Los Angeles resident, has filed a lawsuit against Bitmain for allegedly mining cryptocurrency at his expense. The class action claims that bitcoin mining giant had redesigned its ASIC devices “to mine crypto currency for the benefit of itself rather than its customers who purchase the products”.
2018-11-27 13:00 | |
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A class-action lawsuit for over $5 million has been filed in northern California against Chinese mining giant Bitmain. The company is being accused of utilizing customers’ newly purchased machines to mine cryptocurrency at full power for its own benefit while customers were configuring their equipment.
2018-11-27 21:38 | |
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Cryptocurrency mining giant Bitmain is facing a class action lawsuit for over $5 million that alleges unauthorized crypto mining by the firm.
2018-11-26 15:30 | |
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A giant mining initiative sponsored by the government of Paraguay should quell fears the current Bitcoin price lows hurt the profitability of the practice. Golden Goose Will Have 15 Years’ ‘Guaranteed’ Power In a press release November 18, Korean Blockchain startup Commons Foundation confirmed authorities had “guaranteed” electricity for the Golden Goose project, which it says will be “the world’s largest cryptocurrency mining center and global exchange.
2018-11-26 14:00 | |
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In this edition of the Daily, we look at Bitpay’s decision to add the U. S. dollar-pegged PAX token to its list of settlement currencies. We also cover a couple of recent announcements in the crypto industry.
2018-11-23 15:45 | |
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World’s leading bitcoin mining hardware manufacturer, Bitmain has launched a new $20 million data center for cryptocurrency mining in the East Wenatchee area of Washington, United States, actively expanding its global digital assets mining operations despite the ongoing bitcoin price slump, reported NW news network on November 18, 2018.
2018-11-21 16:00 | |
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Jihan Wu, the co-founder of Chinese mining giant Bitmain, has publicly declared that he cannot wait to trade his Bitcoin Satoshi Vision token (BSV). After a row with BSV’s top proponent Craig Wright, Wu has established that he is more than willing to ditch the BSV token once exchanges begin to accept and process trading.
2018-11-19 11:50 | |
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Mining giant Bitmain says CEO Jihan Wu still serves on its board, despite media reports to the contrary.
2018-11-15 12:50 | |
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Mining giant Bitmain says CEO Jihan Wu still serves on its board, despite media reports to the contrary.
2018-11-15 12:50 | |
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Bitcoin mining giant Bitmain is restructuring while preparing for its billion-dollar IPO. Despite rumors, sources have confirmed co-founder Jihan Wu will remain on the Bitmain board of directors.
2018-11-15 00:58 | |
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An anonymous thief who goes by the name ‘John Doe’ has crypto exchange giant Bitmain worked up. Earlier this year, a hacker got brief command of Bitmain’s account on another crypto exchange Binance.
2018-11-14 05:39 | |
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Japan’s GMO Internet has postponed the shipments of its two lines of 7nm bitcoin mining rigs. A representative of the company has clarified the situation to news. Bitcoin. com, noting that some refunds have already been issued.
2018-11-14 04:45 | |
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According to recent reports, Chinese cryptocurrency mining giant, Bitmain, is undergoing a major leadership shuffle as the company restructures its board of directors ahead of its imminent IPO on the Hong Kong Stock Exchange (HKEX).
2018-11-14 01:00 | |
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Chinese mining giant Bitmain is suing an anonymous hacker that allegedly stole $5. 5 million in cryptocurrency last April from the company’s account on the digital exchange Binance.
2018-11-14 23:31 | |
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News reaching Ethereum World News indicate that the Bitcoin Mining Giant known as Bitmain, has undergone a board reshuffle that has led to its CEO – Jihan Wu – losing his seat as the board’s executive director.
2018-11-13 20:09 | |
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Earlier this week, Switzerland’s Financial Market Supervisory Authority granted a banking and securities dealer license to crypto financial service Sygnum. Now, as the business attempts to become a full-fledged bank in Switzerland, it's looking to obtain a banking license in Singapore.
Bitcoin futures platform Bakkt has announced it will open its Bakkt Warehouse to customers on September 6, allowing them to hold their bitcoin with the firm. With the launch of the warehouse, Bakkt will also begin offering regulated, physically settled bitcoin futures on September 23.
Last Thursday, former Overstock CEO Patrick Byrne announced his resignation as both the head of the online retail giant and a member of its board. With a change in leadership, Jonathan Johnson has taken over as the new CEO, affirming that the company's blockchain-based efforts will continue as planned.
A recent report published by the crypto and blockchain analytics firm TokenInsight suggests that the crypto community's love affair with the initial exchange offering, supposed heir apparent to the initial coin offering, may already be ending after three short months.
Market players told Reuters that US-China trade tensions and a weakening yuan have increased crypto demand among Chinese investors.
Ripple's investment arm, Xpring, recently took part in a $4 million seed round for startup Coil, as well as gifted the fledgling company 1 billion XRP to help build its community.
The Securities and Exchange Commission has delayed its decision regarding three proposed bitcoin ETFs from asset managers Bitwise Asset Management, VanEck/SolidX, and Wilshire Phoenix. All decisions have been pushed to dates in late September and mid-October.