Why Big Crypto Firms Like ShapeShift & ConsenSys Laid Off Many Employees

This week, a major crypto exchange ShapeShift was forced to lay off 30 percent of the company’s workforce, letting go 37 employees. In a letter to the company and to the users on the platform, ShapeShift founder and CEO Erik Voorhees said that the crypto winter had left the firm with no other viable choice The post Why Big Crypto Firms Like ShapeShift & ConsenSys Laid Off Many Employees appeared first on CCN

Read More

Bitmain IPO Put in Doubt by Hong Kong Financial Regulators

Hong Kong financial regulators are reluctant to back any crypto-related business at this moment in time while proper rules are being drafted to regulate initial public offerings (IPOs). The news might have a serious knock-on effect on the application of the Bitmain IPO and other related crypto projects in Hong Kong in the near future. … Continued The post Bitmain IPO Put in Doubt by Hong Kong Financial Regulators appeared first on CCN

Read More

Bitmain Rival Ebang Launches New Line of Uber-Efficient Bitcoin Miners

One of Bitmain’s biggest rivals is ready to give the bitcoin mining giant a run for its money as both firms prepare to go public in Hong Kong. Upstart Bitcoin Mining Firm Unveils New 10nm Chip, Miner Series The China-based Ebang Communication, one of the world’s largest manufacturers of application-specific integrated circuit (ASIC) chips for The post Bitmain Rival Ebang Launches New Line of Uber-Efficient Bitcoin Miners appeared first on CCN

Read More