Bitmain Prepares For CEO Transition As Co-Founders Step Down

Reshuffling continues at Bitmain after a harsh December saw company-wide layoffs. Jihan Wu and Micree Zhan are reportedly out as co-CEOs. In November 2018, ETHNews covered mining giant Bitmain’s restructuring after Nishant Sharma, the company’s international marketing manager, reported that co-founder and co-CEO Jihan Wu would reposition and continue on with the company as a…

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Bitcoin Cash ABC vs. Bitcoin Cash SV – Examining the Bitcoin Cash Hash War

The Bitcoin Cash hard-fork on November 15, 2018, resulted in two coins. Now, many exchanges recognize Bitcoin Cash ABC as Bitcoin Cash with a separate listing for Bitcoin SV. Let’s take a look at how the Bitcoin Cash ‘hash war’ started and its implications moving forward.  What is Bitcoin Cash, Where Did it Come From?…

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Jihan Wu: ‘I Have Huge Confidence in the Future of Bitcoin Cash’

CEO and co-founder of Bitmain Jihan Wu today expressed confidence in the future of Bitcoin Cash (BCH) and proof-of-work (PoW) mining. Speaking at the Nikkei/CNBC “Future of Money” event in Tokyo in his first major appearance in Japan, Wu also addressed questions over the recent BCH hard fork, the growing importance of the mining industry,…

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Bitcoin Technical Analysis: Bitcoin Cash Civil War Drives BTC to a 1-Year Low

Holy mackerel! Out of the blue, Bitcoin dropped to a new 12-month low with little notice. Anyone hoping for a Santa Claus rally had better drop to their knees and start the Hail Marys. Market Overview Today Bitcoin (BTC) 00 got nuked. In fact, the entire cryptocurrency market took a direct hit from a 50…

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Bitmain No Longer Under Influence of Jihan Wu, Says Lawyer

Bitmain co-founder Jihan Wu no longer has influence over the company’s decision-making processes after an executive board reshuffle, a lawyer told local media November 12. Wu Now ‘Supervisor’ As Sanyan Blockchain reports, the mining giant altered the make-up of its board last week. Among the changes, Wu’s position went from a director to a “supervisor,”…

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The Potential Bitcoin Cash Hard Fork, Explained

Barely a year into existence, Bitcoin Cash appears headed for a hard fork, with nChain’s Craig Wright and Bitmain’s Jihan Wu on opposite sides. One week after celebrating the first anniversary of bitcoin cash’s split from bitcoin, Bitcoin ABC laid the groundwork for another schism. On August 8, the full node, which nearly 2/3 of…

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Fortune Releases First-Ever Crypto-Focused '40 Under 40' Annual Rankings

For the first time, Fortune has created a crypto-focused version of its prestigious “40 under 40” honor roll for the most impressive young disruptors in the finance and technology industry, published July 23. Dubbed “The Ledger 40 under 40,” the list is dedicated to innovators at the helm of the “financial revolution” ushered in by…

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PayPal's Peter Thiel and Bitmain's Jihan Wu Invest in EOS Publisher Block.one

Co-founder of PayPal and well-known venture capitalist Peter Thiel and Jihan Wu’s Bitmain Technologies Ltd. have invested into Block.one — the publisher of EOS. More Money… Following its $4 billion ICO, Block.one announced that it has closed a strategic round of investment after attracting partners like Peter Thiel, Bitmain, Louis Bacon, and Alan Howard. The amount…

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The Anonymous Bitcoin.org Owner Accuses BTC Mining Pools of Centralization

There’s been a lot of controversy over the past few weeks stemming from the anonymous Twitter handle and co-owner of Bitcoin.org, ‘Cobra Bitcoin.’ The well-known BTC community member has been at the forefront of contentious subjects for many years now, and this week Cobra is claiming that one man has control of more than 51…

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BCH Miners Discuss Funding Development With a Fraction of Block Rewards

On May 19 a group of Bitcoin Cash (BCH) miners met after the Coingeek Conference in Hong Kong to discuss a new proposal which would fund BCH development and professional programmers who work on the protocol. The funding would stem from a portion of the miners block reward, and attendees discussed donating between 1-5 percent…

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