Ousted Bitmain CEO Makes Legal Move to Dethrone Jihan Wu

In December, Micree Zhan Ketuan, the ousted co-founder of the world's largest producer of Bitcoin mining equipment, Bitmain, reportedly asked a Cayman Islands court to reverse a shareholder decision that cost him voting control of the crypto-miner. Shareholders voted then to convert Bitmain’s Class B shares to one vote per share, versus 10 votes previously — effectively slashing Zhan’s influence, Bloomberg reported, citing documents presented to the court. Zhan wrote in a letter published N...
Ousted Bitmain CEO Makes Legal Move to Dethrone Jihan Wu

Cryptonews Rewind 2019: Q4 - China, War of Money, IPOs & Arrests

Here is what happened in the Cryptoworld in the last quarter of this year and this decade: Total crypto market capitalization in Q4 October We started this quarter with looking who is to blame for Bitcoin price crash. We were in for a surprise when a German bank stated that Bitcoin prices are in for a major boost next year and that current prices do not take into account the upcoming halving. Speaking of which, the discussions on the halving and what it might mean for the future of BTC miners h...
Cryptonews Rewind 2019: Q4 - China, War of Money, IPOs & Arrests

China: Private, State-run Firms Debut Blockchain Platforms + More News

Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Blockchain news Alibaba subsidiary and AliPay operator Ant Financial has announced that its enterprise blockchain platform will move out of beta testing and go live in February. Per a report published by Bihal23, Guofei Jiang, Ant Financial’s vice president, has stated that the new platform will allow small firms and micro-enterpr...
China: Private, State-run Firms Debut Blockchain Platforms + More News

Japanese Education Chiefs Charged over Crypto Deal + More News

Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Legal news Osaka prosecutors have charged Meijo Gakuin Educational Corporation executives with embezzlement, claiming they over misappropriated local education authority funds. Per Nikkei, a former director allegedly used just short of USD 1 million of funds from a school property sale to buy cryptocurrencies in 2017. Police raide...
Japanese Education Chiefs Charged over Crypto Deal + More News
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