Canaan, the world’s second-largest bitcoin miner maker, is aiming to raise $100 million with its initial public offering.
Bitcoin Miner Maker Canaan Sets $100 Million Target for US IPO
Founder of Bitmain Rival Held by Police Over Possible IP Dispute
The founder and CEO of bitcoin miner maker MicroBT is being held by police. A source says it’s to assist an investigation over a business dispute.
Avalon Bitcoin Miner Maker Canaan Posts $13 Million Q3 Profit in New Filing
Canaan, the world’s second-largest bitcoin miner maker, has recorded $13 million in net profit for Q3 2019, following bitcoin price’s bull run since April this year.
Asia’s Bakkt? AAX Rolls Out Crypto Trading With London Stock Exchange Tech
AAX, a Hong Kong-based crypto exchange that uses the London Stock Exchange’s matching engine technology, has officially launched.
Micree Zhan Says He’ll Take Legal Action to Return to Bitmain
Bitmain’s co-founder Micree Zhan, who was abruptly ousted from the firm last week, said he’s going to take legal action to secure his return to the firm.
China Scraps Plan to Categorize Bitcoin Mining as Industry to Be Eliminated
China’s top economic planning agency has scrapped the plan to categorize bitcoin mining as an industry to be eliminated from the country.
Bitcoin Mining Power Sees Short-Term Drop as Rainy Season Ends in China
After sustained growth over the past three months, bitcoin’s mining power has dropped with a seasonal falloff in hydropower output in China.
Leaked Transcript Details Power Struggle Inside Bitcoin Mining Giant Bitmain
A transcript of a Bitmain staff meeting reveals an ugly power struggle inside the world’s biggest bitcoin miner maker that led to the abrupt ousting of co-founder Micree Ketuan Zhan.
Bitmain Turmoil: Co-Founder and Executive Director Micree Zhan Ousted
Bitcoin mining giant Bitmain is experiencing turmoil inside its management co-founder and executive director Micree Ketuan Zhan is ousted.
Avalon Bitcoin Miner Maker Canaan Officially Files for $400 Million US IPO
Avalon bitcoin miner maker Canaan Creative has just formally filed for a $400 million US IPO.
China Wants Communist Party Members to Pledge Loyalty on Blockchain
Chinese President Xi Jinping’s party is taking his words about the blockchain to heart.
Sichuan Should Work to Remain Attractive to Crypto Mining: Policy Advisor
A former regulator in China has argued that Sichuan – a bitcoin mining hub – should study how to remain attractive to crypto-related business.
Bitfinex Files for Subpoena in Bid to Recover $880 Million in Frozen Funds
Bitfinex has filed a subpoena application on a former banking executive of a trust company that it believes can help it recover over $850 million.
Telegram Could Postpone Crypto Issuance After US Halts Token Sale
Telegram could delay the original plan of issuing its own crypto by Oct. 31 after the U.S. SEC ordered it to halt the allegedly “unlawful” token sale in the country.
UNICEF Launches Cryptocurrency Fund to Back Open Source Technology
UNICEF has launched a cryptocurrency fund in its aim to back open source technology for children and young people in the world.
MicroBT Expects $400 Million in Q3 as Bitcoin Miner Sales Surge
The maker of WhatsMiner bitcoin miners says it expects to have delivered 200,000 devices by the end of the quarter.
Bitcoin Mining Power Hits New High as Half a Million New ASICs Go Online
The computing power dedicated to mining bitcoin has hit yet another new high, suggesting that as many as 600,000 machines have come online since June.
PwC Report Shows Major Growth in Crypto M&A in Asia and Europe
Asia and Europe have surpassed the previously dominant role of the Americas in crypto fundraising, according to a new report from PwC.
Bobby Lee Returns With Ballet, a Crypto Hardware Wallet for the Masses
More than a year after he sold one of China’s longest-running bitcoin exchanges, Bobby Lee, co-founder and former CEO of BTCC, is back.
Powerful New Ethereum Miner Reaches Final Stage Before Mass Production
Upstart manufacturer Linzhi is ready to produce its first batch of powerful new machines for mining ethereum and ethereum classic.