Tag: Bitmain

  • technical analysis bitcoin
    Technical

    Bitcoin (BTC) Medium Term Trend is Set, $6,000 A Low Lying Picking

    Bitcoin price recovering, may clear $6,000 Jihan Wu, the former CEO of Bitmain is a billionaire Transactional volumes low, must spike above 440k countering Q4 losses With newfound financial weight, Jihan Wu can now move towards achieving his goals. In the meantime, Bitcoin (BTC) prices stand to benefit....

    Dalmas Ngetich | March 6, 2019 | 5:00 pm
  • hong kong
    Industry

    Chinese Crypto Exchanges Seek Backdoor Listings in Hong Kong

    As the bear market continues with no signs of a change in trend crypto exchanges and mining giants in China seek ways to stay afloat. One method which has been increasing is a reverse merger in Hong Kong as IPO hopes fade. Reverse Mergers Becoming The Easy Route...

    Martin Young | January 26, 2019 | 9:00 am
  • Bitcoin

    Bitmain’s Struggle is Real But Analyst Says Crypto Miners are Fine

    Just in the past two months, Bitmain has fired more than half of its staff, has closed an entire office in Tel Aviv, has shuffled top management, and removed two of its chief operations officers. And today, the Chinese bitcoin mining giant decided that it would close another...

    Davit Babayan | January 14, 2019 | 12:26 pm
  • Bitcoin

    How a Shrinking Bitmain Could Destabilize Crypto Market Further

    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. The news follows months of speculation about Bitmain losing billions in the final quarter of...

    Davit Babayan | January 13, 2019 | 11:30 am
  • Crypto

    Investor: Bitmain Firing 80% Workforce is Bad for Bitcoin Cash and Litecoin

    According to several reports, crypto mining giant Bitmain is running out of funds. And it could be bad for Bitcoin Cash and Litecoin. $315.5 million worth of Crypto-Assets Kyle Samani, the co-founder of Multicoin Capital, a crypto fund, warned in a Tweet that Bitmain would liquidate its crypto-assets...

    Davit Babayan | December 26, 2018 | 2:27 pm

NewsBTC is a news service that covers bitcoin news, technical analysis & forecasts for bitcoin and other altcoins. Here at NewsBTC, we are dedicated to enlightening people all around the world about bitcoin and other cryptocurrencies. We cover news related to bitcoin exchanges, bitcoin mining and price forecasts for various virtual currencies.

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