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After the ETF: Bitcoin’s Coming Power Struggle
16.1.2024
The approval of Bitcoin ETFs last week sets up a potential fight between Bitcoin Maxis and giant Wall Street institutions, says Michael Casey
US-China Power Struggle Extends to Crypto Battlefield: China Surges Ahead
31.7.2023
The United States and China are competing on both economic and technological fronts – and part of their rivalry includes a race to adopt crypto.
Though the eastern superpower has announced multiple bans on crypto mining and trading over the past decade, President Xi Jinping argued in 2021 that...
Bitmain Co-Founder’s Exit Resolves Years-Long Power Struggle as Mining Firm Preps IPO
26.1.2021
Bitmain co-founder Jihan Wu is stepping down from his role as part of his settlement with Micree Zhan
Legal Battle Between Bitmain Co-Founders Appears to End With Micree Zhan Taking Control of the Company
28.12.2020
The long-lasting legal battle between co-founders of China-based Bitmain seems to have seen the light at the end of the tunnel after both parties agreed to reach an agreement. Legal Tussle Between Bitmain Co-Founders Reportedly Ended With a $600 Million Compensation for Jihan Wu According...
Blockchain Bites: MicroStrategy’s BTC Buy, Bitmain’s Power Struggle, Paxful’s Goodbye
15.9.2020
MicroStrategy has bought even more bitcoin, Paxful is pulling out of Venezuela and the Bitmain power struggle appears to have found a short-term solution
Bitmain Retains Only a ‘Minuscule Lead’ Over Competitor Microbt Amid Ongoing Power Tussle, Says Report
19.8.2020
Bitcoin mining hardware maker Bitmain still has a “minuscule lead” over competitor Microbt despite the former’s ongoing power struggle and supply chain issues, according to Bitmex. Researchers at the derivatives exchange tested flagship products from the two companies...
Bitmain Delays Delivery of Bitcoin Miners by Three Months, as Co-Founders Battle for Company Control
7.8.2020
Bitmain has delayed shipments of its Antminer bitcoin mining machines by three months, as the tussle between co-founders, Jihan Wu and Micree Zhan Ketuan, for control of the company intensifies. According to a post on Bitmain’s official Wechat account, the Beijing-based bitcoin miner maker...
Leadership Feud at Bitmain: 10,000 Antminers Go Missing in Inner Mongolia
25.7.2020
Reports detail that 10,000 Antiminers have been allegedly stolen from a Bitmain facility in China. Sources say that the missing mining rigs concern the ongoing power struggle between Bitmain cofounders Jihan Wu and Micree Zhan. Back in mid-June news.Bitcoin.com reported on the power struggle...
Power Struggle Inside Bitmain ‘Hard Forks’ Bitcoin Miner Production
20.7.2020
The ongoing battle between the two co-founders at Bitmain has essentially hard forked the production at the world’s largest bitcoin miner manufacturer
Bitmain Pulls Schrödinger’s Act as Power Struggle Reaches New Heights
7.7.2020
Bitmain is having a Schrödinger moment as official accounts make contradictory statements on payment details
Bitmain Co-Founder Offers Share Buyback at $4B Valuation to End Power Struggle
22.6.2020
The offer seems an apparent effort to bring about negotiations that could end the divisions that have been tearing the company apart
Bitmain’s Power Struggle Takes Toll on Customers as Co-Founder Halts Shipments
11.6.2020
Like the employees forced to choose sides, Bitmain customers have been caught in the middle of the power struggle at the No.1 bitcoin miner manufacturer
Bitmain Recovers, Claims Profits Despite Pandemic and Power Struggle
3.5.2020
Chinese cryptocurrency mining hardware producer Bitmain is now poised for a rebound after hitting a rough patch
Leaked Transcript Details Power Struggle Inside Bitcoin Mining Giant Bitmain
30.10.2019
A transcript of a Bitmain staff meeting reveals an ugly power struggle inside the world's biggest bitcoin miner maker that led to the abrupt ousting of co-founder Micree Ketuan Zhan
Internal Power Struggle at MakerDAO: When Coding and Personal Interests Collide
13.6.2019
The MakerDAO company, based on the philosophy of decentralization, has split into factions as a result of a struggle with the power centralization