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Report Claims Chinese Mining Giant Bitmain Is Prepping for New Leadership ⠀ ⠀ ⠀ ⠀ News⠀ The cryptocurrency mining manufacturer Bitmain may have a new chief executive officer in the near future according to regional reports. Bitmain’s director of product engineering, Haichao Wang, will apparently take the lead role within the corporation but no official timetable has been announced.⠀ ⠀ Also Read: Nick Szabo: Central Banks May Turn to Cryptocurrency Reserves Over Gold⠀ Bitmain Plans to Appoint New CEO Claims Report⠀ The Beijing-based mining giant Bitmain Technologies has appointed a “potential successor” for the role of CEO at the company, according to a report from the South China Morning Post (SCMP). Bitmain has been a well known and successful mining rig manufacturer since it was cofounded by Jihan Wu and Micree Zhan in 2013. The Chinese corporation is believed to have pulled in over $4 billion in profit from mining cryptocurrency and selling ASIC equipment to the general public.⠀ ⠀ ⠀ More recently, however, there have been rumors of Bitmain employee layoffs and board shakeups over the last few weeks. On December 10, news.Bitcoin.com reported on Bitmain closing its research and development center in Ra’anana, Israel. The latest report stemming from SCMP explains that Bitmain’s director of product engineering, Haichao Wang, will be the company’s new CEO. Wang has reportedly already started the transition in December and Wu and Zhan will remain co-chairs.⠀ IPO Uncertainty⠀ ⠀ ⠀ Jihan Wu (front) and Micree Zhan (back)⠀ Wang worked for a Beijing-based semiconductor designer called Availink for seven years before joining Bitmain. The potential successor is a graduate from the well known tech school Tsinghua University in Beijing. SCMP further details that when Wang officially takes the lead, Zhan and Wu will leave “day-to-day business activities” but the pair will still play a part in large company decisions. Bitmain is still waiting for the Hong Kong Stock Exchange (HKEX) to deci ...⠀ https://www.bitfeed.online/report-claims-chinese-mining-giant-bitmain-is-prepping-for-new-leadership/⠀ #bitcoin #technology #news #nfeatured #china #bitmain #ipo #israel #hongkong https://www.instagram.com/p/BsdtMuQAfqZ/?utm_source=ig_tumblr_share&igshid=mcym6jokk8wx

Chatter Report: Vitalik Doesn’t Believe in Proof of Work, Chris Pacia Discusses Big Blocks ⠀ ⠀ ⠀ ⠀ ⠀ In this latest roundup of crypto chatter from social media, Vitalik Buterin sparks debate by declaring that he doesn’t believe in proof of work. Also, developer Rhett Creighton is accused of foul play in the Bitcoin Private pre-mine scandal. Finally, Chris Pacia clarifies his stance on large block limitations.⠀ ⠀ Also read: A Look at Some of 2018’s Most Popular Cryptocurrency Traders⠀ Vitalik Doesn’t Believe in Proof of Work⠀ Ethereum founder Vitalik Buterin turned a lot of heads recently when he tweeted to Bitcoin maximalist Giacomo Zucco that he doesn’t “believe in proof of work.”⠀ ⠀ I don't believe in proof of work!⠀ — Vitalik Non-giver of Ether (@VitalikButerin) December 25, 2018⠀ Crypto Twitter erupted with responses. One commentator, Crypto Domains, pointed out the ridiculousness of Vitalik’s comment, comparing it to not believing “in oxygen.” Crypto Domains’ remark resonated widely, not least since Ethereum itself currently runs on a proof of work model.⠀ Bitcoin Community Skeptical of Rhett Creighton⠀ The Bitcoin Private team recently released an official statement explaining that they had no prior knowledge of the BTCP coins that were covertly created during the fork that birthed the project. Instead, they were mislead by developer airk42, they insist. Airk42 had started out innocently by accepting a bounty the team had placed. He then managed to became a BTCP developer and was promoted to contributor on Github. However, when airk42 merged his own code, he left out one crucial line and a bad actor exploited this bug, creating approximately 2 million additional coins.⠀ ⠀ Many in the cryptocurrency community were suspicious of the BTCP team and their official response. In a recent live stream by bitcoin trader Tone Vays, developer Jimmy Song pointed out that former BTCP developer Rhett Creighton left the project in a rather cryptic manner t ...⠀ https://www.bitfeed.online/chatter-report-vitalik-doesnt-believe-in-proof-of-work-chris-pacia-discusses-big-blocks/⠀ #bitcoin #technology #news #nfeatured #cryptocurrency #bch #eth #vitalikbuterin #bsv # https://www.instagram.com/p/Br5Bd31gr1D/?utm_source=ig_tumblr_share&igshid=1b0i9g0o56546

The Daily: Kucoin Enables Credit Card Payments, Coinbase Pro Adds Zcash ⠀ ⠀ ⠀ ⠀ Digital asset exchange Kucoin has partnered with an Israeli startup to introduce credit card payments for cryptocurrency purchases and we’ve covered it in The Daily. Also, Coinbase has added privacy coin zcash to its professional trading platform, while Okex has delisted dozens of trading pairs with low liquidity. And in Ghana, over 100,000 investors have lost millions of dollars in a coin scam. ⠀ Also read: Coinbase Launches OTC Desk, Huobi Opens Derivatives Market⠀ Kucoin Introduces Credit Card Payments⠀ ⠀ ⠀ Kucoin has teamed up with Simplex to allow its users to buy cryptocurrencies with credit and debit cards. The Singapore-based exchange’s new service is now available in over 100 countries. Its customers can use U.S. dollars and euros to purchase bitcoin core (BTC), ether (ETH) and litecoin (LTC).⠀ ⠀ Simplex is a provider of payment processing solutions headquartered in Israel. The fintech startup operates globally and has subsidiaries in the U.S., U.K. and Lithuania. Merchants using its services receive their payments from Simplex, even in the case of fraudulent chargebacks. The company already cooperates with some of the leading platforms in the crypto space, including Shapeshift and Changelly.⠀ ⠀ Kucoin recently raised a total of $20 million in a series A funding round. The exchange, which started trading digital assets in September of last year, now has more than 5 million registered users in over 100 different jurisdictions.⠀ Coinbase Pro Adds Privacy Coin Zcash⠀ ...⠀ https://www.bitfeed.online/the-daily-kucoin-enables-credit-card-payments-coinbase-pro-adds-zcash/⠀ #bitcoin #technology #cryptocurrency #nfeatured #tokens #coinbase #exchange #thedaily #investors #coinbasepro #bitfeed https://www.instagram.com/p/Br5AJA6AfIk/?utm_source=ig_tumblr_share&igshid=arnkz0rges1f