Jihan Wu and the Jenke Group will be reportedly soon retire as CEOs of leading mining ASIC producer Bitmain. Rumors about their departure were reported by Chinese local media recently. The publication quotes an unnamed source familiar with the situation that the firm is currently in a transition period.
Cryptocurrency Market Updates
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Market Update 12.29.18 – Researchers Find Ways To Access Hardware Wallets
Last updated: December 29, 2018, 4:37 am Cryptocurrency Market UpdatesRadio antennae are, without a doubt, the original networking technology. And according to a group of researchers, they can become powerful hacking tools. The hardware researchers set out to identify the various kinds of vulnerabilities in the most popular hardware wallets used by digital currencies holders, from Trezor and Leger.
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Market Update 12.28.18 – US Defense Says Blockchain Helps Disaster Relief
Last updated: December 28, 2018, 4:26 am Cryptocurrency Market UpdatesAs far as the U.S. Department of Defense is concerned, it is confident that blockchain technology offers “enormous” potential when it comes to improving disaster relief efforts. The Troop Support division of the Defense Logistics Agency recently conducted a meeting in Philadelphia in order to understand how the technology could help its already “successful” efforts assisting in Puerto Rico.
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Market Update 12.27.18 – India To Legalize Cryptos
Last updated: December 27, 2018, 4:08 am Cryptocurrency Market UpdatesIndia might just be the next country to finally embrace the world of cryptocurrency. According to the official report, the country’s government is looking at making this a reality, but there is catch. It will only be made possible through tough terms and conditions attached.
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Market Update 12.26.18 – New Remittance To Handle Crypto Volatility
Last updated: December 26, 2018, 5:02 am Cryptocurrency Market UpdatesAccording to Atom Solutions, there are many options when it comes to foreign workers making overseas remittances. The only catch, however, is that all of them are imperfect. It holds true that costs can be quite high, especially when trying to complete transactions through a traditional bank.
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Market Update 12.25.18 – Altcoin BTCP Confirms Premined $2M Coins
Last updated: December 25, 2018, 4:11 am Cryptocurrency Market UpdatesJust recently, the development team responsible for altcoin Bitcoin Private has confirmed the creation of at least 2.04 million units of the cryptocurrency. Apparently, though, all of these were never meant to exist on the blockchain.
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Market Update 12.24.18 – Crypto Exchange Vctrade Accepts BTC, ETH, & XRP
Last updated: December 24, 2018, 4:42 am Cryptocurrency Market UpdatesVctrade is known for being a crypto exchange launched by SBI Holdings, which is a financial conglomerate in Japan. Recently, the company has decided to implement a number of cryptocurrencies as deposits. These are none other than Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) deposits.
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Market Update 12.23.18 – Coinbase To Donate Crypto Wealth To Charity
Last updated: December 23, 2018, 4:13 am Cryptocurrency Market UpdatesCoinbase, through its CEO Brian Armstrong, has just joined other mega-wealth individuals in donating a great portion of his net-worth to charitable and other causes. The decision to do so was made official via a blog post on The Giving Pledge, which is a website founded by both Warren Buffet and Bill Gates.
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Market Update 12.22.18 – Nvidia Worst Performer on S&P 500
Last updated: December 22, 2018, 5:08 am Cryptocurrency Market UpdatesThe plunge in profitability in cryptocurrency mining has hit GPU (graphics processing unit) producers such as Nvidia badly. The Taiwan-based company saw its shares plunge due to sell-offs in the fourth quarter thanks to the huge drop in sales of its GPUs. Nvidia’s stock price has dropped by 54%, making it the worst performer on the S&P 500 Index.
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Market Update 12.21.18 – Media Alliance Using Blockchain for Copyright Protection
Last updated: December 21, 2018, 3:44 am Cryptocurrency Market UpdatesAn alliance for media copyright protection has been established in Beijing, whose aim is to offer Blockchain powered copyright protection services. The alliance is called the China Financial Media Copyright Protection Alliance, and it already has over 30 financial media majors as members.