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Bitmain will close its Amsterdam office

China’s leading cryptocurrency mining company Bitmain announced the forthcoming closure of its Amsterdam office. The mining giant had earlier shut down its Israeli development...

ShapeShift has cut its staff by one third due to crypto...

ShapeShift CEO Erik Voorhees announced a large-scale layoffs in his company with 37 persons leaving the team. Thus, ShapeShift’s staff has shrunk by one...

Insider source: Bitmain co-CEOs Jihan Wu and Micree Zhan will leave...

According to a report by Chinese media, a source close to Bitmain, the world’s largest cryptocurrency mining giant, revealed that the current Bitmain co-CEOs...

Social media: Bitmain plans to cut 50% of its staff

As reported by a renown Asian crypto entrepreneur and insider Dovey Wan, the world’s largest manufacturer of cryptocurrency mining equipment Bitmain prepares for large-scale...

Kraken considers launching an IPO at a valuation of $4 billion

US-based cryptocurrency exchange Kraken is preparing for an initial private offering (IPO), while reaching out to high-value clients with the investment opportunity. The exchange...

Research: Bitcoin hashrate has shrinked by 31% since the beginning of...

According to a recent report by BitMEX Research, the analytical arm of BitMEX crypto exchange, the hashrate of Bitcoin network decreased by 31% since...

Bitmain closes its Israeli development center and lays off VP and...

Bitmain is closing down its Israeli development centre, Bitmaintech Israel, this week and laying off its 23 employees who used to work at the...

Bitmain has allegedly lost $740 million due to Bitcoin Cash hashwar

According to fresh rumors reported by the Twitter user nicknamed BTCKING555, Q3 2018 saw Bitmain suffering the most striking losses in its history amounting...

Bitmain faces a class action lawsuit for alleged crypto mining at...

Cryptocurrency mining giant Bitmain is facing a class action lawsuit filed by its clients. The filing alleges that Bitmain has been mining crypto on...

Chinese crypto miners sell off their mining rigs amidst market decline

Cryptocurrency miners in China started selling their mining rigs “by weight”, as opposed to price per unit, this massive sell off being caused by...

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