bitmain Cryptocurrency News Yang Zuoxing 

Chinese Police Investigate Ex-Bitmain Employee for Bitcoin Miner IP Theft

Yang Zuoxing, CEO at MicroBT, is under investigation by the local police. The investigation is allegedly related to a dispute over Bitmain’s intellectual property rights. Yang nor MircroBT have released an official statement. A former Bitmain employee, Yang Zuoxing, is under investigation by the local police in China. The case appears to be related to a dispute involving the intellectual property rights of the mining giant corporation. Open Investigation According to a report by the Chinese news outlet BlockBeat, Yang Zuoxing, the CEO at MicroBT, has been taken into custody…

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Antbleed Antsploit Bitcoin Mining bitmain Crypto 

Anon Security Researcher Uncovers Exploit in Bitmain’s Bitcoin Miner

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 S15 firmware. The vulnerability was then turned into an exploit by an anonymous security researcher. Hilliard has publicly demonstrated the exploit in action: @BITMAINtech tried and failed to lock down the S15 firmware, I identified the vulnerability and @00whiterabbit wrote/tested the attack code. Once @BITMAINtech complies with the GPL licenses for the firmware I will disclose the vulnerability to them so…

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Bitcoin Exchange bitmain Exchanges Huobi Group ShapeShift 

Asian Crypto Exchange Huobi is Tightening its Belt in the Bear Market, Plans to ‘Spend Money Carefully’

Image: Shutterstock From 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. Although the exchange is a profitable business that still makes money every month, they are laying off staff and preparing for the worst amidst this current bear market. Just in case! CCN reported in December that both Huobi and the Chinese crypto mining equipment manufacturers Bitmain Technology were laying off staff, but at the time, Huobi remained relatively…

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bitmain Companies Mining 

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, Wu Jihan and Zhan Ketuan, are to be replaced in an exciting new move for the firm. Bitmain is the largest crypto mining rig manufacturer on the planet, accounting for 75% of the world’s specialized computers that are used to mine digital currencies. Bitmain CEO Appointed from Within? The South China Post (SCP) has reported that the potential successor for the…

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bitcoin bitmain GMO Mining 

GMO Planned to Take Down Bitmain; Now It’s Getting out of Bitcoin Mining

More than a year after launching an in-house mining business, Japanese internet conglomerate GMO Internet has announced that it will no longer, develop, manufacture, or sell cryptocurrency mining equipment. In a statement, the Japanese tech firm disclosed that the decision was prompted by challenging business conditions which resulted in an “extraordinary” consolidated quarterly loss totaling 35.5 billion JPY (approximately US$320 million). According to GMO Internet, the firm’s mining business has been made untenable by the fall in cryptocurrency prices which consequently led to a drop in demand for the mining…

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Bitcoin Jobs bitmain Blockchain News layoffs 

Bitcoin Mining Giant to Sack 50% of Its Workforce

Bitcoin mining giant Bitmain is going to sack almost half of its staffers by the end of this week, sources from the Chinese media reported. The Beijing company today laid off a team which was working on the development of Bitcoin Cash client. The news broke to the wire when Samson Mow, Blockstream Chief Strategy Officer, and former BTCC Chief Operational Officer, tweeted about it. Mow claimed: Bitmain has quietly laid off their entire Copernicus team. Only 1-week notice. Some had just joined the company. Layoffs just in time for Christmas. Rumors…

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bitmain HKEX Mining 

Bimain IPO Status in Doubt as Hong Kong Calls Crypto Industry ‘Immature’

Bitmain, the largest manufacturer of Bitcoin mining equipment, is experiencing something of a rough patch, as Hong Kong’s stock market overseers might be reluctant to approve the initial public offering (IPO) application of the company, given their stated concerns about the lack of a proper regulatory framework that can govern the cryptocurrency and blockchain industry. Per a report from the South China Morning Post, the Hong Kong Exchanges and Clearing Limited (HKEX), might not give their blessings to Bitmain, as well as other DLT-based firms, to launch an IPO, arguing…

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bitcoin abc Bitcoin Cash Bitcoin Law bitmain jihan wu roger ver UnitedCorp 

Crypto Heavyweights Bitmain & Roger Ver Hijacked Bitcoin Cash

A company by the name of UnitedCorp is taking a number of Bitcoin Cash actors to court today, filing documents that very clearly outline what they believe to have been a conspiracy which worked out to their detriment. UnitedCorp is short for United America Corporation, a Florida firm which works in experimental blockchain technologies including BlockchainDomes, an interesting take on mining hardware. The heart of the suit is that the Bitcoin Cash hard fork should have been allowed to play out under the standard rules of consensus in Bitcoin Cash.…

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antminer s15 Bitcoin Mining BitFury bitmain Ebang Ebit Tardis 

How it Stacks Up Against Competitors

Twitter Facebook LinkedIn Bitmain has released (and already sold out of) its Antminer S15 model traditional ASIC Bitcoin miner. At a price of $1,475 per unit and a per-customer limit of two, it is comparably one of the better bargains as mining hardware goes. It clocks up to 23 terahash per second, meaning that 3-4 units would be required to match the performance of Bitfury’s Tardis, which goes up to 80TH/s. The Tardis, however, is much more expensive on a per unit basis, with resellers getting almost $7,000 per unit.…

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Bitcoin Cash Bitcoin Mining Bitcoin Wallets bitmain telescope 

Crypto Mining Giant Bitmain Acquires Bitcoin Cash Wallet

Open source browser-based cryptocurrency wallet Telescope has officially announced its acquisition by Bitmain Technologies Inc., the world’s largest crypto mining rig manufacturer, which also runs one of the world’s most extensive cryptocurrency mining pools. The move comes at an important time for Bitmain, which is increasing its involvement in the bitcoin cash space as it continues to reinvent itself as more than just an ASIC maker ahead of its planned mega-IPO in Hong Kong. Telescope is a browser-embedded cryptocurrency wallet that currently allows users of Google Chrome and Mozilla Firefox…

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