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Bitmain Replaces CEO Jihan Wu After Bitcoin Cash Gamble Fails

Bitmain Woes

Inside sources say that Bitmain Technologies plans to name a replacement CEO to take over from co-founders Jihan Wu and Ketuan Zhan. New Bitmain CEO According to the South China Morning Post (SCMP), the Bitcoin mining behemoth is looking to name a new CEO to replace the company’s co-founders. Anonymous sources say, Haichao Wang, the current Engineering Director is the front-runner for the job. While there is no official word from Bitmain, these sources say the

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Hedge Fund Chairman Bill Miller Skeptical of ‘Overdone’ Ripple

Miller Value Partners (MVP) chairman & CIO Bill Miller has reiterated his faith in Bitcoin while publicly voicing suspicion about Ripple. Miller Consolidates Bitcoin Holdings Speaking to CNBC in an interview January 9, Miller, whose fund began buying up Bitcoin in 2014, said he had since “spun off” its Bitcoin and Bitcoin Cash holdings into a separate fund. “We’ve retained about a ten percent weighting in Bitcoin and Bitcoin Cash together, and the other 90

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France Starts Selling Bitcoin At 6 Tobacco Shops – 6,500 By Next Month

Tobacc france bitcoin

An initiative to sell Bitcoin (BTC) in France’s 24,000 tobacco kiosks has tentatively launched despite votes of no confidence from the central bank and other sources. 6 Tobacconists Today, 6500 By February As Reuters reported January 8 quoting organizer Adil Zakhar, six ‘Tabac’ shops in Paris began offering prepaid Bitcoin cards this week, with plans to roll out the scheme in rapid fashion to over 6500 as soon as next month. “Some people find it

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Bitcoin Mining Giant Canaan Reportedly Eyeing IPO in NY

US IPO Canaan stock exchange

Canaan, the second biggest Bitcoin mining hardware maker, is reportedly considering an IPO in the New York after shelving its Hong Kong IPO plans in late 2018.  Canaan Eyes US IPO Citing sources familiar to the matter, Bloomberg reported that the second largest Chinese manufacturer of Bitcoin mining hardware, Canaan, is looking into the possibility of an IPO in New York. However, the sources which have asked not to be named, also revealed that “deliberations are at

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Shapeshift Admits ‘Imposition of KYC’d Accounts’ Hurt Company Financially

shapeshift fox

The instant digital asset exchange platform ShapeShift has laid off one-third of its team because of the “dramatic and severe” crypto recession as well as being cautious in “a challenging regulatory environment.” Crypto Winter Cold Bites Shapeshift In a detailed announcement, the company’s CEO, Erik Voorhees, revealed “with a heavy heart” that the company has let 37 of its employees go or one-third of its team. Voorhees: Today, we let 37 employees go, reducing the

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Bitcoin Will Pass $7 Trillion Gold Market Cap, Winklevoss Twins Say

The biggest names in Bitcoin reaffirmed their belief in a wave of adoption and a sky-high Bitcoin price January 7, forecasting it to pass that of gold. Bitcoin ‘Certainly OG Crypto’ On social media, entrepreneur and Proof of Keys organizer Trace Mayer joined Tyler and Cameron Winklevoss in contemplating a bullish future for Bitcoin. Since launching regulated US cryptocurrency exchange and trading platform Gemini, the Winklevoss twins have staked huge amounts on Bitcoin’s success, despite

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New Ledger Nano X Can Pair With iPhone Via Bluetooth

Ledger Nano X

Popular cryptocurrency hardware wallet company Ledger has revealed its latest device – the Ledger Nano X. The new device’s most characteristic new capability is that it will enable users to use Bluetooth to connect their mobile devices via the new Ledge Live mobile app.  Bluetooth Enabled Ledger Wallet The popular manufacturer of cryptocurrency hardware wallets Ledger has revealed its latest product on Sunday at the CES conference – the Ledger Nano X. The new device

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Kraken Received 3 Times More Law Enforcement Requests in 2018

Kraken Introduces Block Trading OTC Option for Trades of $100,000 or More

Cryptocurrency exchange Kraken has revealed that it has received three times more law enforcement requests in 2018 compared to 2017. The overwhelming majority of requesting authorities is in the US.  A Chokepoint for Law Enforcement San Francisco-based cryptocurrency exchange Kraken has released an infographic displaying the increasing number of law enforcement requests received in 2018. As it turns out, the bear market is not the only thing to be concerned with. Evidently, the exchange has

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Circle Reveals $24 Billion Cryptocurrency OTC Trading Volume in 2018

trading volume circle otc

Goldman Sachs-funded cryptocurrency startup, Circle, recently released its list of accomplishments for the year 2018. The company says it executed over-the-counter (OTC) crypto trades to the tune of $24 billion in notional volume. Circle Does $24 Billion in Cryptocurrency OTC Trading Circle announced its 2018 achievements in a blog post published by the company on Thursday (January 3, 2019). Circle Trade, the OTC desk of the company, executed over 10,000 OTC trades worth $24 billion, it reveals.

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Apple Loses Almost As Much As Bitcoin’s Entire Market Cap in One Day

Apple stock APPL

Apple stock (APPL) has seen upwards of $60 billion erased from its valuation, an amount close to Bitcoin’s entire market capitalization, suggesting that Bitcoin and cryptocurrency are still in the early stages of mass adoption.  Worst Daily Plunge Since 2013 Apple, one of the world’s largest publicly traded companies, has lost around $65 billion of its market capitalization in a single day on January 3rd, 2019. This pushes its market valuation below $700 billion, which

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