Latest from Wolfie Zhao
Price Drop Casts Pall Over Bitcoin Miners' Equipment Upgrades
Bitcoin miners spent $500M+ over the past six months preparing for May’s “halving”. Last week’s price crash means they may wait longer for the payoff.
Bitcoin Falls to 2-Month Low Below $8K Amid Global Market Rout
The price of bitcoin has fallen to a one-month low below $7,900, amid a wider sell-off in the global financial markets.
Exiled Bitmain Co-Founder Is Fighting Back With Second Lawsuit
Micree Zhan, the ousted co-founder of Bitmain, has filed another lawsuit in his fight to regain control of the bitcoin mining giant – this time in China.
Crypto Lender Babel Hits $380M in Outstanding Loans
Chinese cryptocurrency lending startup Babel Finance said it has reached a record of $380 million in outstanding loans as of February.
India’s Supreme Court Lifts Banking Ban on Crypto Exchanges
The Supreme Court of India has ruled against a decision imposed by the country's central bank nearly two years ago that stifled crypto trading in Asia's third-largest economy.
Bitcoin's Computing Power Is Growing Again After Coronavirus-Related Disruption
The bitcoin network’s processing power is growing again as major Chinese miner manufacturers resume shipments following coronavirus-related delays.
World's Top Crypto Miners Race to Roll Out Top-of-Line Machines Ahead of Bitcoin Halving
Bitcoin miner manufacturers Bitmain and MicroBT are racing to bring top-of-the-line machines to market ahead of bitcoin's halving event.
Fidelity International Invests $14M in Hong Kong Crypto Exchange Operator
Fidelity International, a spin-off of the U.S. financial services giant Fidelity Investments, has invested $14 million in Hong Kong-based BC Group, which operates crypto exchange OSL.
Insolvent Exchange FCoin Had Bitcoin Outflow Problems Just Two Months After Launch: Report
The FCoin exchange, which revealed its insolvency this week, may have already had issues as early as July 2018.
Crypto Exchange FCoin Insolvent After Revealing Up to $130M Bitcoin Shortfall
Fcoin, a crypto exchange that adopted the controversial "trans-fee mining" model, has paused trading and withdrawal services after revealing a shortage of crypto assets worth up to $130 million.