Cryptocurrency Analysis and News Portal
BitBox, the Singapore-based cryptocurrency exchange operated by internet messaging giant Line, announced that it will delist XRP on Jan. 16.CryptoX Japan reported BitBox’s decision earlier today. The announcement published on the exchange’s website on Jan. 6 read:“We keep a constant watch on all coins that are being traded on
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Chinese state media Sina is reporting that Bitcoin mining behemoth Bitmain is considering laying off up to half of its employees as the company envisages economic consequences of the coming Bitcoin halving event. Meanwhile, the legal tussle between the co-founders of the firm continues with ousted chief Micree Zhan filing
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Cryptocurrency mining giant Bitmain reportedly has plans to reduce its workforce by another fifty percent.On Dec. 2, Chinese news media outlet Wushuo Blockchain reported that Bitcoin (BTC) mining rig maker Bitmain has launched a “personnel optimization plan” that will layoff a significant portion of its employees before the next
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Tencent, the Chinese internet giant and owner of WeChat, is reportedly forming a team to explore possible new use cases for cryptocurrencies. According to reports by Chinese media, Tencent issued an internal notice informing employees it was searching for someone to head a new cryptocurrency research unit, which will form
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Tencent, the operator of Chinese social media app WeChat, is planning to create a digital currency research group for the further advancement of blockchain technology research projects.On Dec. 23, Chinese media outlet iFeng reported that the Chinese internet giant released a statement to its employees saying that the company
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Fortress has reportedly issued a new – and lower – buyout proposal for claims from the creditors of defunct cryptocurrency exchange Mt. Gox. According to a one-page proposal obtained by Bloomberg, Fortress is offering Mt. Gox creditors 70 percent of their account value. Based on the current price of
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Crypto markets are in the doldrums at the moment, just as they were this time last year. A $10 billion dump on the week looks bad in the short term but things may not be that negative overall. One of the largest players in the industry has been on a
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The stock price of Canaan Inc, a bitcoin mining giant based in Beijing, has dropped by $12 to $5 since November 25, by more than 58 percent. It comes after the price of BTC abruptly declined from $7,700 to $6,600 in the same period.In recent months, as seen in the
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British-Swiss commodity trading and mining company Glencore will use an IBM-developed blockchain solution to track cobalt. In a press release issued on Dec. 12, Glencore confirmed it had joined the Responsible Sourcing Blockchain Network (RSBN), a joint partnership between various major corporations leveraging the technology to improve supply chain transparency. Glencore:
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AMD, the global leader in the GPU market and world’s second-largest supplier of x86-based microprocessors and Intel rival has cut a deal with a wee Estonian startup called Ultra as a part of its ongoing mission to democratize the games industry for developers and players. “AMD is excited about the use
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