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Bitmain Cofounder Allegedly Expelled – Could Face Litigation for Operation Interference

One of the largest ASIC mining manufacturers worldwide, Bitmain, has allegedly ousted cofounder Micree Zhan. Regional reports note that he’s been threatened with litigation if he interferes with company operations. According to two local announcements written in Chinese, Bitmain has warned Zhan two times not to intervene with employees. Last October, news.Bitcoin.com reported on the […]

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Bitcoin Risks Turning Bearish Due to Declining Market Health, Says Glassnode

Bitcoin (BTC ) risks sliding back into bearish territory should onchain activity and overall market health continue to decline, warns analytics firm Glassnode. The latest market update from Glassnode shows that the GNI index, which measures the overall state of the Bitcoin network, dropped 18% or 13 points week-on-week, to a value of 60 points. […]

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Swiss Government Rejects $103 Million Bailout for Crypto Companies Battered by Coronavirus

Switzerland’s government has rejected a 100 million franc ($103 million) bailout for local cryptocurrency companies battered by the coronavirus economy, local media reported. Zug finance director Heinz Taennler requested the special funding facilitation in April. He planned to issue out loans to startups, which could be converted into shares. The central government had already unveiled […]

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BitAmp – The Next New Open Source Wallet

With the recent rise of Bitcoin prices and the Bitcoin halvening, new entrants into the cryptocurrency field may wonder where they can self-custody their Bitcoin in the most secure way. BitAmp’s Emphasis on Privacy and Security The developers behind new entrant Bitamp’s Bitcoin wallet have created an easy-to-use client-side open-source Bitcoin wallet to fill this […]