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Bitmain Most Recent Crypto Company Hit With Layoffs
The mining giant is losing some weight.
дальше »2018-12-27 03:22 | |
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Investor: Bitmain Firing 80% Workforce is Bad for Bitcoin Cash and Litecoin
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. дальше »
2018-12-26 17:27 | |
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Japan’s Internet Giant GMO Quits Mining Hardware Bussiness
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. дальше »
2018-12-26 17:00 | |
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Japanese IT Giant GMO Quits Mining Hardware Business
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. дальше »
2018-12-26 14:19 | |
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Bitcoin Cash (BCH) on the brink of an abyss while Bitcoin Core releases new update
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. дальше »
2018-12-26 07:18 | |
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Japan’s GMO Quits Manufacturing and Selling Mining Machines
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. дальше »
2018-12-26 01:00 | |
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Layoffs Underway Amid ‘Adjustments,’ Bitcoin Miner Bitmain Confirms
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. дальше »
2018-12-25 19:00 | |
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GMO Internet Group exits cryptocurrency miner production
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. дальше »
2018-12-26 18:00 | |
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Bitmain Fires Entire Bitcoin Cash Development Team: Report
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. дальше »
2018-12-25 00:00 | |
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Newsflash: Bitcoin Cash survival in jeopardy while Lightning Network development soars
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. дальше »
2018-12-25 23:48 | |
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Bitmain troubles could put Jihan Wu in a tough spot: Chose Bitmain or Bitcoin Cash (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. дальше »
2018-12-25 23:45 | |
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Rumor: Crypto Mining Giant Bitmain May Purge 50% Of Staffers
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. дальше »
2018-12-24 03:45 | |
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Bear Market Forces Bitmain to Close Blockchain Development Center in Israel
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. дальше »
2018-12-13 10:45 | |
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Gaming Firm Wants to Pay Players to Mine Cryptocurrency
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. дальше »
2018-12-13 10:34 | |
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Bitmain Shuts Down Research and Development Center in Israel
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. дальше »
2018-12-10 21:50 | |
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Bitmain closes its Israel development center amid downturn in the crypto market
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. дальше »
2018-12-10 21:06 | |
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Crypto Bear Market Has Even Led $15 Billion Bitmain to Lay Off Employees
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. дальше »
2018-12-10 19:59 | |
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Bitcoin Mining Giant Bitmain Is Collapsing – And It Only Has Itself To Blame
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. дальше »
2018-12-10 18:00 | |
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Bitmain forced to shut down Israel operations due to cryptocurrency bear market
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. дальше »
2018-12-10 16:33 | |
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Lawsuit Filed Against Roger Ver, Bitmain, Kraken Over ‘Hijacking Bitcoin Cash Network’
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. дальше »
2018-12-8 09:00 | |
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Bitmain IPO in ‘Death Spiral’? Rumors Of $740M Q3 Loss as Bitcoin Cash Crashes
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. дальше »
2018-12-5 13:00 | |
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Intel Corporation Patent for High-Performance Energy Efficient Bitcoin Mining Finally Approved
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. дальше »
2018-12-3 23:00 | |
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Bitmain Crypto Index Launches For Crypto Investors
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 дальше »
2018-12-1 13:15 | |
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ASUS Partners with Quantumcloud to Allow Crypto Mining Through Idle GPUs
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. дальше »
2018-12-1 02:00 | |
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Canada’s Fortress Blockchain Records $1.16 Million Loss In Q3 For Crypto Mining Business
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. дальше »
2018-11-30 06:55 | |
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ASUS Wants Gamers to Mine Crypto When Not Gaming with Quantumcloud Blockchain Partnership
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. дальше »
2018-11-30 23:32 | |
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ASUS wants gamers to mine cryptocurrency when they don’t play games
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. дальше »
2018-11-29 17:11 | |
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$5 Million Lawsuit Claims Bitmain Mined at Expense of U.S. Customers
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”. дальше »
2018-11-27 13:00 | |
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$5 Million Lawsuit Against Bitmain Filed in Northern California
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. дальше »
2018-11-27 21:38 | |
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No, Lower Bitcoin Price Won’t Start a Mining ‘Death Spiral’
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. дальше »
2018-11-26 14:00 | |
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The Daily: Bitpay Adds Another Stablecoin, Waves to Launch Exchange in Malta
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. дальше »
2018-11-23 15:45 | |
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Bitcoin Mining Giant Bitmain Launches Data Center in Washington Despite Crypto Crash
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. дальше »
2018-11-21 16:00 | |
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“I am wondering when I can deposit my BSV token into exchange to sell.” Jihan Wu fires at Craig Wright’s Bitcoin Satoshi Vision
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. дальше »
2018-11-19 11:50 | |
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Bitmain Restructures, But Jihan Wu Will Stay On The Board
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. дальше »
2018-11-15 00:58 | |
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Anonymous Bitcoin Thief Faces Lawsuit by Bitcoin Mining Giant Bitmain in Seattle
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. дальше »
2018-11-14 05:39 | |
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Japanese Internet Giant GMO Postpones Shipments of 7nm Bitcoin Mining Equipment
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. дальше »
2018-11-14 04:45 | |
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Bitmain Restructures Leadership Board Positions Ahead of IPO
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). дальше »
2018-11-14 01:00 | |
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Bitmain Sues Anonymous Hacker Over $5.5 Million Theft
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. дальше »
2018-11-14 23:31 | |
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Bitmain Reshuffles Board Ahead of IPO, CEO Jihan Wu Loses Executive Power
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. дальше »
2018-11-13 20:09 | |
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