Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Bitmain
Bitmain’s Power Struggle Intensifies To Physical Brawl Ahead of Bitcoin Halving
Exiled Bitmain co-founder has moved to reinstate his position after recently gaining partial legal victory This resulted in a physical brawl with current CFO Luyao Liu, leading to the intervention of local police The senior management tensions at Bitmain are hurting the mining giant ahead of 3rd Bitcoin halving On May 8, 2020, the ousted co-founder of Bitmain, Micree Ketuan Zhan, was reportedly surrounded by a group of 50-odd guys led by the company's former legal representative and CFO Luyao…
5 years ago
MicroBT Becomes A Major Competition for Bitmain in The Crypto Mining World
It's no doubt that the coronavirus pandemic has vastly affected the financial world. It is so much that its effects have been seen in the global Bitcoin mining power, reducing the growth of the computing power of the Cryptocurrency. Different miners in the industry, especially in the Asian regions, have seen different experiences, with others increasing their market share while others struggle to maintain balance. Among the platforms that dominate crypto mining is Bitmain, which has been the leader since 2017.…
5 years ago