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CEO of Chinese Mining Firm MicroBT Is Arrested After Bitmain’s Infringement Allegations

China’s Shenzhen Police has arrested Zuoxing Yang, known as the CEO and founder of MicroBT, a Bitcoin(BTC)trade mining equipment manufacturer based in China. According to the city police, Mr. Yang has been held to assist the investigators regarding a dispute between MicroBT and Bitmain in which the latter accuses the

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Chinese Police Hold MicroBT CEO Allegedly Over Dispute With Bitmain

The founder of Bitcoin mining rig manufacturer MicroBT is being held as of Nov. 8 by Shenzhen Police to assist in an investigation, according to a local news source. Police are likely to be questioning Zuoxing Yang over allegations of intellectual property infringement regarding the technology of Beijing-based Bitmain.Previous

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Optimism! Ripple CEO Predicts the Downfall of 99% of All Cryptocurrencies

In an interview with Bloomberg, the CEO of Ripple (XRP)trade Brad Garlinghouse expressed his opinion on the rapidly expanding sphere of digital currencies.Replying to a question posed by the host, Garlinghouse said that there are too many cryptocurrencies in the market right now. He noted that there are almost 3,000

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Zimbabwean CEO Supposedly Loses Private Key to Crypto Exchange’s Wallet

Tawanda Kembo, the founder and CEO of the Zimbabwe-based crypto exchange Golix, is claiming that he has lost the private key to his company’s digital wallet. As a result, the customers of the cryptocurrency exchange are unable to access their funds.The timing of the announcement hints at a sinister motive.

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Ripple CEO: 50% XRP Transaction Boost Due to MoneyGram and Other Remittances

Do virtual currencies really threaten existing digital payment systems and traditional financial institutions? Or can they co-exist and help to bolster both ecosystems?If you are familiar with the global crypto ecosystem, I am positive you must have heard of a rumor making rounds recently, suggesting that the recent spike in

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CEO Of Zimbabwean Crypto Exchange Loses Password to Bitcoin Cold Wallet

Tawanda Kembo, the founder and CEO of the Zimbabwean cryptocurrency exchange Golix, claims to have lost the password to one of the exchange’s Bitcoin (BTC) cold wallets.On Nov. 1, local news daily iHare reported that the CEO of Zimbabwe’s first cryptocurrency exchange allegedly lost the password in May of

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