Wolfie Zhao

A member of the CoinDesk editorial team since June 2017, Wolfie now focuses on writing business stories related to blockchain and cryptocurrency. Twitter: <a href="https://twitter.com/wolfiezhao">@wolfiezhao</a>. Email: wolfie@coindesk.com. Telegram: wolfiezhao

Wolfie Zhao

Latest from Wolfie Zhao


Markets

Avalon Bitcoin Miner Maker Canaan Posts $13 Million Q3 Profit in New Filing

Canaan, the world's second-largest bitcoin miner maker, has posted $13 million Q3 profit in its latest US IPO filing update.

Canaan co-Chairman Jianping Kong is one of three company directors dropped from the miner maker's business registry. (PoolIn)

Markets

Asia's Bakkt? AAX Rolls Out Crypto Trading With London Stock Exchange Tech

AAX, a Hong Kong-based crypto exchange that uses the London Stock Exchange's matching engine technology, has officially launched.

Thor Chan

Markets

Micree Zhan Says He'll Take Legal Action to Return to Bitmain

Bitmain's co-founder Micree Zhan, who was abruptly ousted from the firm last week, said he's going to take legal action to secure his return to the firm.

Micree Zhan, co-founder of Bitmain. (Credit: CoinDesk archives)

Markets

Chinese Agency Scraps Plan to Eliminate Bitcoin Mining Industry

China's top economic planning agency has remove bitcoin mining from a list of industries to be phased out from the country.

bitcoin yuan

Markets

Bitcoin Mining Power Sees Short-Term Drop as Rainy Season Ends in China

After sustained growth over the past three months, bitcoin's mining power has dropped with a seasonal falloff in hydropower output in China.

Bitcoin mining farm (CoinDesk archives)

Markets

Leaked Transcript Details Power Struggle Inside Bitcoin Mining Giant Bitmain

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.

Jihan_Wu_World_Digital_mIning_summit_Frankfurt_2019

Markets

Bitmain Turmoil: Co-Founder and Executive Director Micree Zhan Ousted

Bitcoin mining giant Bitmain is experiencing turmoil inside its management co-founder and executive director Micree Ketuan Zhan is ousted.

Jihan Wu

Markets

Avalon Bitcoin Miner Maker Canaan Officially Files for $400 Million US IPO

Avalon bitcoin miner maker Canaan Creative has just formally filed for a $400 million US IPO.

Canaan chairman Kong Jianping

Markets

China Wants Communist Party Members to Pledge Loyalty on Blockchain

Chinese President Xi Jinping's party is taking his words about the blockchain to heart. 

yuan, china

Markets

Sichuan Should Work to Remain Attractive to Crypto Mining: Policy Advisor

A former regulator in China has argued that Sichuan – a bitcoin mining hub – should study how to remain attractive to crypto-related business.

Balaci’s testimony indicates that BitClub never ran the lucrative bitcoin mining pools it lured victim investors with. (Shutterstock)