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Top Officials at Two Korean Cryptocurrency Exchanges Face Fraud Indictments

Several of South Korea’s top crypto exchanges have found themselves in hot water, with executives at a couple of exchanges facing criminal charges and jail time. According to a news report on the Korean website Blockinpress, the CEO of Komid, a Korean crypto exchange, has received a three-year prison sentence for committing fraud against investors by artificially inflating the exchange’s actual trading volume. дальше »

2019-1-23 00:57


Ethereum (ETH) Blockchain dApp Domination Likely to be Challenged, Says Multicoin Capital Co-Founder

Ethereum has enjoyed market domination as the go-to platform for development and deployment of smart contracts. However, the managing partner and co-founder of Multicoin Capital, Kayle Samani, believe that the platform’s unquestionable market control is likely to be challenged by other contenders. дальше »

2019-1-14 08:34


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Mongolia Will See At Least 1000 New Bitcoin Miners In 2019

Participants in Mongolia’s Bitcoin mining industry plan to significantly expand the scope of their operations, local media report January 11. Japan’s Ginco Doubles Down On Mongolia The East Asian country, known for its cheap electricity and being home to the world’s northernmost desert, will see one of its miners almost treble in size this year alone, despite the ongoing Bitcoin bear market. дальше »

2019-1-12 05:00


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New blockchain center opens in New York amid cryptocurrency market woes

The city of New York has a new blockchain center. Opened by the New York City Economic Development Corporation (NYCEDC) as part of a partnership with FuturePerfect Labs (an affiliate of FuturePerfect Ventures) and GBBC Labs (a subsidiary of the Global Blockchain Business Council), the new facility is expected to play a significant role in developing the city’s blockchain ecosystem. дальше »

2019-1-11 14:11


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Crypto Exchange ShapeShift Lays Off 37 People Amid Crypto Winter

On January 8, 2019, Swiss cryptocurrency exchange ShapeShift reportedly laid off 37 employees, citing a tough market climate according to the exchange’s CEO Erik Voorhees. Crypto Winter Hits ShapeShift Another business in the crypto industry has suffered from the prolonged crypto winter that has slowed its growth since November 2018. дальше »

2019-1-10 22:00


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Japanese IT Giant GMO Quits Selling Crypto Mining Equipment after Market Slump

Per a report published on December 25, 2018, Japanese internet giant GMO has decided to call off their business of manufacturing and selling cryptocurrency mining machines. Market Slump to Blame for Declining Profits According to the report, GMO’s in-house mining business profitability took a major beating due to the declining cryptocurrency prices. дальше »

2018-12-28 09:00


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Bitmain Reportedly Will Sack More Than Half of Workforce

The Chinese crypto mining company Bitmain has apparently been hit hard by the bear market and is looking to sack more than half of their entire workforce. Credible rumors of this story first began to circulate on Maimai, China’s equivalent to LinkedIn, as anonymous sources on a site frequently used by Bitmain employees began reporting that the company was looking at massive layoffs in the next several days. дальше »

2018-12-29 21:20


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Bitmain Reportedly Will Sack Up to 85 Percent of Workforce

The Chinese crypto mining company Bitmain has apparently been hit hard by the bear market and is looking to sack more than half of their entire workforce. Credible rumors of this story first began to circulate on Maimai, China’s equivalent to LinkedIn, as anonymous sources on a site frequently used by Bitmain employees began reporting that the company was looking at massive layoffs in the next several days. дальше »

2018-12-27 21:20