Bitmain’s US IPO Plans Could Go Up in Smoke

Bitmain, a leading bitcoin miner, has repoortedly secretly filed for an IPO that is sponsored by Deutsche Bank, a German multinational company. | Reuters/Dado Ruvic Bitmain, a leading bitcoin miner, has secretly filed for an IPO that is sponsored by Deutsche Bank, a German multinational company, as reported by Tencent News. The company has been …

Ex-Bitmain CEO Jihan Wu Unveils China’s Future Bitcoin Monopoly

By CCN: Bitcoin billionaire and former Bitmain CEO Jihan Wu is set to launch a new crypto trading platform next month that could eventually be granted a monopoly by the Chinese government. Jihan Wu Reveals New Path in Wake of Bitmain IPO Disaster Wu’s project, called Matrix, will be a custody and trading firm with …

How They Made a Crypto Fortune

The Hurun Global Rich List was released this week, featuring five cryptocurrency billionaires.  Hurun also names blockchain the “fastest-growing new industry” in the world, despite an epic bear market wiping out crypto market value in 2018. The five blockchain billionaires include individuals from Ripple, Coinbase, Binance, and Bitmain. Let’s see how they amassed their fortunes. …

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 …

Taiwanese Chip Manufacturing Giant Blames Revenue Losses On ‘Crypto Winter’

Taiwanese chip manufacturer United Microelectronics Corporation saw a roughly 10% decrease in revenue in the fourth quarter of 2018. Like TSMC, who provide chips to Bitmain, they prominently attribute some of their losses to the downturn in demand for cryptocurrency. Less demand amounts to less need for mining, which subsequently lessens the demand for mining …