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Posts published in “Bitcoin Companies”

Bitmain Allegedly Sold ASIC Miners Caked With Dust

Zooko Wilcox, the founder and CEO of Zerocoin Electric Coin Company, a company that develops privacy-focused cryptocurrency Zcash, has revealed that Chinese miners have alleged that Bitmain, the world’s biggest cryptocurrency mining equipment manufacturer, of potentially distributing hardware caked with dust, suggesting prior use. “Someone…

Crypto Exchange Kraken Hires Bush Administration Prosecutor as General Counsel

San Francisco-based cryptocurrency exchange Kraken has hired a former federal prosecutor appointed by President George W. Bush to serve as its general counsel. Business Insider reports that the exchange, eighth-largest in the world with a daily volume of just under $350 million, has hired Mary…

Cryptocurrency Exchange Huobi Poaches CEO from Major Rival OKEx

Former OKEx CEO Chris Lee has joined rival cryptocurrency exchange Huobi as its vice president of global development, just days after stating that he was leaving his former employer so that he could spend more time with his family. Huobi made the announcement on Monday,…

Cryptocurrency Exchange Coinbase May Apply for a Banking License: Report

Cryptocurrency brokerage firm Coinbase has met with US regulators to discuss applying for a banking license, according to an anonymous source familiar with the matter. The Wall Street Journal reports that the firm, one of the largest in the cryptocurrency industry, met with regulators at…

Declining GPU Sales to Cryptocurrency Miners ‘Healthy’: AMD CEO

GPU manufacturers Nvidia and AMD each enjoyed massive sales over the past year, partially thanks to miners who buy GPUs to mine cryptocurrencies. However, those sales are now declining. The demand for GPUs kept increasing as the value of cryptocurrencies went up throughout 2017. But…

Nvidia Made $289 Million from Cryptocurrency Mining in Q1

Nvidia, the world’s largest GPU Manufacturer, posted their earnings call for the first quarter and reported revenue of $3.21 Billion, which was more than the estimates of $2.89 Billion.  According to the report, the company made $289 Million — 9% of their total revenue —…

Bitmain’s Biggest Bitcoin Mining Rival Plots $1 Billion Hong Kong IPO

Canaan Creative, China’s second-largest bitcoin mining hardware manufacturer, plans to raise $1 billion through an initial public offering (IPO) on the Hong Kong Stock Exchange (SEHK). The South China Morning Post reported on Wednesday that the Hangzhou-based firm will be the first blockchain startup to…