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
Radio 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.
As 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.
India 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.
According 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.
Just 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.
Vctrade 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.
Coinbase, 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.
The 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.
An 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.