Ex-Bitmain Bitcoin Cash Staffers Form Startup to Lend and Trade Crypto
A startup formed by former Bitmain employees will offer crypto custody, OTC trading and lending.
Matrixport began pitching investors a few weeks ago with the aim of raising $40 million.
Corporate documents reveal new details about the ouster of Bitmain co-founder Ketuan "Micree" Zhan.
After Micree Ketuan Zhan, the exiled co-founder of Bitmain, moved to reinstate his position after another partial legal victory over his former employer, tensions reportedly escalated into a physical brawl.
Bitmain's new strategy of giving put options on bitcoin to buyers of its miners amounts to a "Texas hedge" – doubling down on risk, not offsetting it.
Bitcoin halvings normally result in price increases. Maybe not this time.
Master of the ASICBoost, conjurer of Antbleed... Perhaps no character in the pantheon of industry leaders has been the subject of more conspiracy theories than Mr. Wu, a passionate bitcoin believer who's been reviled for his views. The young co-founder of Chinese mining giant Bitmain, he might not exactly be the villain we all believe. But, what might be for certain is that if there's a title for "most misunderstood," Wu would win hands down.