2019-1-13 16:35 |
The bear market has not been easy on Bitmain. The world’s largest mining company is reportedly changing CEOs and laying off staff, while its IPO plans become less realistic
Similar to Notcoin - TapSwap on Solana Airdrops In 2024
|
Bitmain, the crypto-mining equipment manufacturing giant, has been in the news a lot recently. Over the past few months, the Beijing-based entity has had to deal with several internal turmoils, confliThe post Bitmain reveals new strategy to re-assert market dominance appeared first on AMBCrypto.
2019-12-11 00:30 | |
|
|
How Could Bitmain Destabilize And Affect The Whole Cryptocurrency Market? Bitmain is one of the largest cryptocurrency mining companies in the whole cryptocurrency market. However, in the near future, it may replace its chief operating officers Jihan Wu and Ketuan Zhan.
2019-1-14 00:34 | |
|
|
It's usually not good news to hear that members of a company's leadership will step down, for any member of a tech company, it would be a death sentence for its share value. But for Bitmain, not one, but two will be stepping down.
2019-1-14 23:28 | |
|
|
Bitmain Technology, the world’s largest crypto mining equipment manufacturing firm, is going to replace its chief operating officers Jihan Wu and Ketuan Zhan with a new appointee, reported the South China Morning Post.
2019-1-13 14:30 | |
|
|
The bear market of 2018 has hit crypto mining companies particularly hard as mining on certain types of hardware is no longer profitable. Falling prices and hashrates have dropped difficulty somewhat but not enough to prevent the founders of the world’s largest mining company to step down as it readies to appoint a new boss.
2019-1-10 13:00 | |
|
|
It goes without saying that the cryptocurrency market downturn of 2018/2019 irked many of this industry’s startups, even those which have established an unquestioned hegemony. An Ethereum Classic development group folded entirely, while Bitmain, ConsenSys, Steemit, Huobi, and ShapeShift most recently were mandated to purge staffers to maintain a sufficient financial runway.
2019-1-9 21:00 | |
|
|
The two largest Bitcoin mining pools, BTC. com and Antpool, have lost a large chunk of their hash power over the crypto winter. The two Bitmain owned pools signaled the mining market’s implosion, culminating in Bitmain laying off 50 percent of its workforce.
2019-1-3 12:41 | |
|
|
Bitmain, one of the largest crypto mining companies in the market has been affected by the bear trend in the industry. According to some reports, Bitmain could be shutting down its mining operations.
2019-1-2 22:25 | |
|
|
The Chinese crypto mining company Bitmain has apparently been hit hard by the bear market and is looking to sack more than half of their entire workforce. Credible rumors of this story first began to circulate on Maimai, China’s equivalent to LinkedIn, as anonymous sources on a site frequently used by Bitmain employees began reporting that the company was looking at massive layoffs in the next several days.
2018-12-29 21:20 | |
|
|
The Chinese crypto mining company Bitmain has apparently been hit hard by the bear market and is looking to sack more than half of their entire workforce. Credible rumors of this story first began to circulate on Maimai, China’s equivalent to LinkedIn, as anonymous sources on a site frequently used by Bitmain employees began reporting that the company was looking at massive layoffs in the next several days.
2018-12-27 21:20 | |
|
|
As the price of Bitcoin and cryptocurrencies have fallen by as much as 90 percent from their all-time highs, crypto companies are starting to feel the strain. According to the South China Morning Post, Chinese crypto giants Huobi and Bitmain are planning staff layoffs owing to the almost year-long crypto winter.
2018-12-27 19:59 | |
|
|
CoinSpeaker Huobi Set to Axe Part of Its Staff Amid Extended Bear Market Following the recent news about Bitmain and ConsenSys, another cryptocurrency giant, Huobi, has announced its plans for reducing the company's staff.
2018-12-27 18:48 | |
|
|
The crypto-winter is affecting billion-dollar players in the cryptocurrency market. After the much-publicized layoffs at ConsenSys, SpankChain, and Steemit, mining equipment manufacturer Bitmain is reportedly cutting down 50 percent of its total workforce, alongside shutting down its entire Bitcoin Cash (BCH)-focused division.
2018-12-27 05:04 | |
|
|
Bitmain And Huobi To Lay Off Staff Amid Crypto Bear Market Two crypto giants, the mining manufacturer Bitmain and the crypto exchange Huobi, were recently reported to lay off some of their staff amid the price drops that the market has faced in 2018, in which the price of Bitcoin went from almost $20,000 USD […]
2018-12-26 21:41 | |
|
|
What goes up must come down. The week started off on a good note, markets seemed to be recovering and most cryptocurrencies saw double digit gains. Unfortunately, it seems the Monday bull run is coming to an end as the market is correcting on Christmas eve, effectively erasing the gains sustained in the past 24 […] The post Bitcoin Cash Price Loses 20% as Bitmain Lays off Entire Team appeared first on NullTX.
2018-12-25 08:03 | |
|
|
Bitcoin and other altcoins have lost over 80% of their value in 2018, making it one of the largest bearish market in the world of Cryptocurrency. Not only traders felt the shake, but even startups had to adjust to the current market conditions.
2018-12-22 09:00 | |
|
|
These are not the best of times indeed for Bitmain, the world’s largest manufacturer of bitcoin mining equipment as Hong Kong’s stock market regulator, HKEX has made it clear that it would not approve the initial public offering (IPO) applications of DLT-linked firms until the region formulates a robust regulatory framework to govern its blockchain technology and cryptocurrency space, reported.
2018-12-22 00:00 | |
|
|
Hong Kong regulators think it is too “premature” to allow an IPO for Bitmain or other crypto businesses, say two anonymous sources cited by South China Morning Post
2018-12-20 20:27 | |
|
|
During this long bear market that has affected most of the virtual currencies in the space, miners have been severely damaged. Some companies had to close their farms, shut down their operations or just sell their miners.
2018-12-19 19:57 | |
|
|
CoinSpeaker Hong Kong Stock Exchange Ruins Bitmain’s Plans for an IPO Due to the extremely high volatility and bearish market trends, the HKEX is reluctant to list crypto companies and doesn't want to approve Bitmain's IPO.
2018-12-17 15:47 | |
|
|
The downturn of the crypto market has forced Beijing-based Bitcoin mining giant Bitmain to close its blockchain development center in Israel and lay off all of its employees, Israeli business news outlet Globes reported on December 10, 2018.
2018-12-13 10:45 | |
|
|
The total hash rate of the Bitcoin network has fallen by 31 percent since November, representing around 1. 3 million Bitmain S9 miners that have been turned off as they struggled to stay profitable in the bear market, BitMex revealed in a report on December 10, 2018.
2018-12-12 08:00 | |
|
|
CoinSpeaker Bear Market Forces Bitmain Shut Down Its Development Center Bitmain’s Israeli Development Center shuts down with the firm’s China-based IPO approaching. The current bear market is somewhat to be blamed for the drastic decision.
2018-12-11 14:33 | |
|
|
The market crash for the prices of nearly all cryptocurrencies has been taking a major toll on everyone. From investors to developers to miners, the community is suffering, and the changing prices have had a ripple effect.
2018-12-11 00:56 | |
|
|
The ongoing bear market has caused another cryptocurrency company to downsize its operations. Bitmain, the Beijing-headquartered bitcoin mining technology giant, has now begun shutting down its research and development center in Ra’anana, Israel.
2018-12-10 21:50 | |
|
|
Cryptocurrency mining giant Bitmain is closing down its Israel-based research and development arm, the Globes reported. According to the report, Bitmaintech Israel, the firm’s R&D center in the city of Ra’anana, is being shuttered due to the general downturn in the crypto markets.
2018-12-10 21:06 | |
|
|
Chinese-based cryptomining firm Bitmain is shutting down the operations of Bitmaintech Israel, its research and development (R&D) center in Ra'anana, Israel, according to reports from local news outlet Globes.
2018-12-10 20:51 | |
|
|
The ongoing bear market has begun to take its toll on a number of businesses, as many seek to close up operations, reduce staff, or make other changes that impact their ability to stay afloat. The latest cryptocurrency firm to feel pressure due to continued price decline, is the $15 billion-valued mining giant Bitmain.
2018-12-10 19:59 | |
|
|
The move comes several weeks after China’s crypto mining giant opened a new US facility despite the recent decline in Bitcoin (BTC) and altcoin prices.
2018-12-10 19:15 | |
|
|
The Israeli research and development arm of cryptocurrency mining giant Bitmain will close, resulting in the firing of all 23 staff due to market “turmoil. ” Glikberg: Bitmain ‘Forced’ To Reevaluate As local media outlet Globes reported December 10, Bitmain, which continues to face financial problems of its own this year, will formally end all activities at its offshoot just three years after it began operations.
2018-12-10 18:00 | |
|
|
It appears the downturn of the cryptocurrency market is having a ripple effect (pun intended) on the industry. Numerous blockchain businesses have been forced to close down or lay off staff to survive – and the latest one is Bitmain.
2018-12-10 16:33 | |
|
|
Cryptocurrency mining giant Bitmain has reportedly closed down its Israel-based R&D division, citing a crypto market "shake-up."
2018-12-10 16:00 | |
|
|
Bitmain, the world’s largest manufacturer of hardware for digital currency mining using ASIC technology has decided to close its development center in Israel, according to reports by Globe, a local business news outlet.
2018-12-10 13:42 | |
|
|
United American Corp. (UnitedCorp), a digital technologies company focused on developing products related to blockchain technologies, and cryptocurrency mining (among other practices) has decided to take legal action against the most critical players on the BCHABC camp of the infamous “BCH hash war“, accusing them of manipulating not only the market but also the core […] The post UnitedCorps Launches Suit Against BCH ABC Supporters.
2018-12-8 20:57 | |
|
|
UnitedCorp Launches Suit Against Several Companies For Hijacking The BCH Network In a press release published by Nasdaq, UnitedCorp announced that it launched a suit for damages and injunctive relief against several companies in the crypto market.
2018-12-7 17:30 | |
|
|
CoinSpeaker Bitmain, ConsenSys, Fidelity and More Put $27. 5M in the New Crypto Trading Platform A Series B funding round of ErisX raised $27. 5 million. The investments will be used to hire staff, create infrastructure, and secure the appropriate steps to develop a regulated market for digital assets.
2018-12-5 12:54 | |
|
|
ErisX, a crypto exchange has completed a Series B funding round with support from leading firms including Bitmain, ConsenSys, Fidelity Investments, Nasdaq Ventures, and Monex Group. ErisX Will Operate as Crypto Futures Exchange, Clearing Organization, and Spot Market The crypto trading platform, with a pending license as a clearing organization with the U.
2018-12-5 03:00 | |
|
|
ErisX has closed a $27.5 million Series B funding round to build a regulated crypto spot and futures market.
2018-12-4 16:38 | |
|
|
Mining giant Bitmain has released a crypto benchmarking tool for retail and institutional investors.
2018-12-3 11:40 | |
|
|
Chinese cryptocurrency mining hardware manufacturer Bitmain has just released its own cryptocurrency index. Going forward, the firm will provide market data for 17 of the largest digital assets by market capitalisation.
2018-12-1 01:00 | |
|
|
Sia has their own subsidiary for ASIC mining equipment production called Obelisk. The move to ban the ASICs from other manufacturers is a clear protectionism from Sia developers as their product got beaten in the free market.
2018-11-18 05:15 | |
|
|
Latest Bitcoin Cash News Clearly, the market is bleeding. It’s simply a bloodbath out there. And it’s about to get worse—or better—for Bitcoin Cash’s official coin—Bitcoin Cash ABC. The coin is fronted by among others Roger Ver, BitPay and remotely by Bitmain’s Jihan Wu.
2018-11-15 16:29 | |
|
|
Ripple Price Analysis: XRP/USD Drops Four Percent, Stable above 50 Cents Ripple Price Analysis: XRP/USD Drops Four Percent, Stable Above 50 Cents Financial Times (FT) Explores Bitmain's Different IPO Prospectus' Profits Compared to Earlier Reports Financial Times (FT) Explores Bitmain's Different IPO Prospectus' Profits Compared To Earlier Reports JP Morgan Chase's Blockchain DLT System ‘Interbank […]
2018-11-15 08:20 | |
|
|
FT Says Bitmain Posted Different IPO Prospectus’ Profits Compared To Earlier Reports Bitmain, the largest cryptocurrency mining company in the market has gained attention during the last months after showing interest in receiving funds from the traditional financial market.
2018-11-15 01:45 | |
|
|
Crypto miner Bitmain has reportedly reshuffled its board to simplify its structure ahead of its stock market flotation.
2018-11-14 13:16 | |
|
|
Ubitus has been considered to be the largest cloud gaming platform that is found within the East Africa region. They went ahead to announce that it will be adopting the Sophon AI Chips and several other related hardware products that have been created by BITMAIN.
2018-11-14 02:54 | |
|
|
According to recent reports, Chinese cryptocurrency mining giant, Bitmain, is undergoing a major leadership shuffle as the company restructures its board of directors ahead of its imminent IPO on the Hong Kong Stock Exchange (HKEX).
2018-11-14 01:00 | |
|
|
Chinese mining giant Bitmain is suing an anonymous hacker that allegedly stole $5. 5 million in cryptocurrency last April from the company’s account on the digital exchange Binance.
2018-11-14 23:31 | |
|
|
The Bitcoin Cash upcoming hard fork is generating divisions in the cryptocurrency market. The giant crypto mining company Bitmain decided to deploy an extra 90,000 Antimner S9 machines in order to increase the hash power on the Bitcoin Cash network.
2018-11-8 22:18 | |
|
|
| Analogue Notcoin - TapSwap |
The cryptocurrency company founded by BitTorrent's inventor saw its IPO plans derailed last year by financial woes at its banker, Credit Suisse.
Jirayut Srupsrisopa said earlier this month that an IPO was planned for next year.
Bitkub, Thailand’s top crypto exchange, plans IPO in 2025 to boost its profile and raise funds. IPO preparation includes hiring advisors. Bitkub eyes global expansion amidst rising competition & regulatory scrutiny.
San Francisco-based Reddit — which owns Bitcoin (BTC), Ethereum (ETH), and Polygon (MATIC) according to its IPO filing — is reportedly between four and five times oversubscribed.
Ant Group, Alibaba’s fintech arm, is rumored to exclude blockchain development from its primary financial business in China to pave the way for a Hong Kong IPO. Ant Group Co., a fintech affiliate of the Chinese e-commerce giant Alibaba, is…
Ant Group is reportedly cutting off its blockchain and database management businesses from its main entity to prepare for an upcoming public offering.
Coinspeaker Citigroup Unveils Plans to Take Its Mexican Offshoot Banamex Public The IPO process would involve offering shares of Banamex to the public, allowing outside investors to purchase those shares and become partial owners of Banamex.