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Latest from Wolfie Zhao
China's Rainy Season Is Coming. This Time Bitcoin Miners Aren't Investing
With bitcoin’s price drop and imminent halving, mining farms in China are struggling to fill slots despite the coming rainy season, when power is cheap.
dForce Hacker Returns Almost All of Stolen $25M in Crypto
The hacker had drained $25 million in cryptocurrency from decentralized finance protocol dForce over the weekend.
Bitcoin Mining Hardware War Is Heating Up Ahead of the Halving
MicroBT is rolling out three top-of-the-line bitcoin miners hoping to eat further into Bitmain's market dominance at a key time for the industry.
Inside China's Plan to Power Global Blockchain Adoption
China is about to launch its national blockchain platform, part of Beijing’s grand strategy to lead the digital transformation of the world economy.
Chinese State-Owned Bank Offers Test Interface for PBoC Central Bank Digital Currency
The Agricultural Bank of China has rolled out an internal test interface for the nation's central bank digital currency, allowing whitelisted users to register and trialing certain functions.
Bitmain Partially Refunds Bitcoin Miner Buyers After Price Cuts
The Beijing-based firm is sending out cash coupons to customers who pre-ordered its latest bitcoin miners ahead of recent price markdowns.
New York Power Plant Sells 30% of Its Bitcoin Mining Hashrate to Institutional Buyers
Greenidge Generation, an upstate New York power plant that's using proprietary facility to mine bitcoin, has sold up to 30 percent of its computing power to institutional buyers.
Bitcoin SV's First Halving Crimps Profits for BSV Miners
Bitcoin SV, the network that split off from the Bitcoin Cash blockchain in late 2018, has cut its miners’ block reward in half for the first time.
Bitcoin Miner Maker Canaan Lost $148M in 2019
The Chinese bitcoin miner manufacturer has disclosed it made a net loss of $148.6 million for 2019 on a revenue of $204.3 million.
Bitcoin Cash Undergoes 'Halving' Event, Casting Shadow on Miner Profitability
Bitcoin Cash, the blockchain network that forked off Bitcoin in 2017, has just reduced its mining rewards by half, causing lots of miners to have nearly zero gross margin.
