Search Results for: Fujian

China’s Blockchain Services Network Now Under Major Development Alongside "Digital Fujian" Project in the Province

China’s national Blockchain Services Network has been in development in China’s Fujian province, recently along with its 20 main blockchain projects as part of the “Digital Fujian” program.  These blockchain projects include the technical transformation in the industrial and commercial service industries, as well as a few major agricultural sectors. The blockchain construction projects also … Continue reading China’s Blockchain Services Network Now Under Major Development Alongside "Digital Fujian" Project in the Province

Bitmain Responds to Former Co-Founder Claims of Holding 36% Company Stock as Baseless

The world’s largest crypto mining rig supplier Bitmain recently issued a statement, condemning fired co-founder Micree Ketuan Zhan’s efforts to regain control of the company. Bitmain strongly condemned the former CEO after a court sided with Zhan in an ongoing lawsuit. Bitmain faces an uphill battle After his dismissal as the CEO of Bitmain, Zhan … Continue reading Bitmain Responds to Former Co-Founder Claims of Holding 36% Company Stock as Baseless

Bitmain Business Booming Despite Public Feud Between Co-Founders Jihan Wu and Micree Ketuan Zhan

Mining giant Bitmain continues to accelerate—signing a new $23 million Antminer S19 Pro Contract with Marathon Patent Group—despite the public feud between its co-founders Jihan Wu and Micree Ketuan Zhan dominating the news over the last year. Global leader in cryptocurrency and Bitcoin mining equipment, Bitmain has continued to expand its business with an announcement today that … Continue reading Bitmain Business Booming Despite Public Feud Between Co-Founders Jihan Wu and Micree Ketuan Zhan

Jihan Wu Regains Control Of China Bitcoin Miner Making Giant Bitmain

The ongoing power struggle for control of Bitcoin mining equipment giant Bitmain has taken an interesting turn as former CEO and co-founder Jihan Wu has regained legal representative status. According to China’s business registration record of Bitmain, an update on Sept. 14 shows Jihan Wu as the legal representative and executive director of Bitmain’s operating … Continue reading Jihan Wu Regains Control Of China Bitcoin Miner Making Giant Bitmain

Xiao Yi: Mastermind Behind 2021's Biggest Bitcoin Crash Receives Life Sentence

On August 22, 2023, the Intermediate People’s Court of Hangzhou, Zhejiang Province, China, publicly pronounced the verdict on Xiao Yi, a former member of the Jiangxi Provincial Political Consultative Conference (CPPCC) and its vice chairman, for bribery and abuse of power. Xiao Yi was sentenced to life imprisonment for bribery, deprived of political rights for … Continue reading Xiao Yi: Mastermind Behind 2021's Biggest Bitcoin Crash Receives Life Sentence

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