Tag Archives: Bitmain

Roundup – 19/03/2019 – Bithumb Announces 50% Staff-Layoff & more

Bithumb Announces 50% Staff-Layoff Bithumb has announced that it is going to layoff a proportion of its staff as high as 50%. Currently, the company’s staff consists of 310 persons. The layoff will reduce this number to a personnel of about 150. The exchange has to react to falling trading volume that is affecting the […]

Bitmain Reveals New Antminer Z11 – ‘Three Times More Powerful’

In a recent blog post, Bitmain has revealed its new ASIC miner. The mining hardware manufacturer claims that the Antminer Z11 “is by far the leading model by performance to mine […] cryptocurrencies”. Bitmain designed the Z11 model to mine cryptocurrencies that rely on the Equihash algorithm. Of which the most prominent are Bitcoin Gold […]

Roundup – 20/02/2019 – Coinbase Acquires Italian Blockchain Analysis Company & more

Coinbase Acquires Italian Blockchain Analysis Company Coinbase acquired the blockchain analysis company Neutrino. The Milan-based company will join forces with Coinbase as it is aiming to expand its services to Europe. The Startup has worked for both companies in the crypto sector as well as for law enforcers and regulators. Coinbase approach has always been […]

Roundup – 19/02/2019 – Norwegian City Replaces Fiat With Own Cryptocurrency

Liberstad – Norwegian Smart City Replaces Fiat With Own Cryptocurrency Liberstad, a city in southern Norway, has abolished Fiat money in favor of its own cryptocurrency. The new money of Liberstad has the name City Coin (CITY). The people of Liberstad have already adopted CITY to buy goods and services. A spokesman of the city spoke […]

Technical Analysis #CW 4 2019 – Load on Bitcoin or Second Selloff?

This is the chart (fig. 1) that we used at the beginning of December. We did not predict the “Christmas rally”.  As this had been the point where the significant resistance at around 6000 broke. The market is currently still testing if the support at the 200 Weekly MA is still solid enough to prevent […]

Roundup 15/01/2019 – Fake News: Russia to Invest $10 bn in Bitcoin & more

Russia to Invest $10 bn in Bitcoin – Fake News Yesterday, the Telegraph reported that Russia is likely going to invest $10 billion in Bitcoin. Vladislav Ginko, a Russian economist, spread the rumour. According to him, the Russian government has done “enormous work” to “start investing huge amounts of Central Bank’s reserves into Bitcoin”. However, […]

Roundup – 10/01/2019 – New CEO for Bitmain as Jihan Wu Resigns & more

New CEO for Bitmain as Jihan Wu Resigns Jihan Wu has recently resigned as the CEO of Bitmain. The biggest crypto mining hardware producer had to layoff a third of its staff, close research facilities in Israel and supposedly has a negative balance sheet for the last two quarters of last year. In addition to […]

Roundup – 11/12/2018 – Bitmain Shuts Down Development Center in Israel & more

Bitmain Shuts Down Development Center in Israel Bitmain has to shut-down its development center in Ra’anana, Israel. The center opened just this year. However, the current bear market and the, so far, negative consequences of the hash war for the Bitcoin Cash ABC faction have led to this harsh decision. So far, it is not […]

Roundup – 07/12/2018 Bithumb Overtakes Binance as Korean Won Dominates the Market & more

Bithumb Overtakes Binance as Korean Won Dominates the Market The monthly report of the crypto market analyzer Cryptocompare for November has many intereting insights on the cryptomarket. An interesting development is the fact that Bithumb overtook Binance in November as the largest exchange by volume. It is very likely that this is only a temporary […]

Why you should Consider Investing in Mining Hardware Producers

Investors have a saying: “During the gold rush, don’t invest in gold, invest in shovels.” Mining hardware is for Bitcoin & Co. what shovels are for gold. There is no way around efficient mining hardware whether it comes to the security of a cryptocurrency or its transaction rate. So if you believe that cryptocurrency is […]
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