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Wolfie Zhao
Latest from Wolfie Zhao
Crypto Exchange FCoin Insolvent After Revealing Up to $130M Bitcoin Shortfall
Fcoin, a crypto exchange that adopted the controversial "trans-fee mining" model, has paused trading and withdrawal services after revealing a shortage of crypto assets worth up to $130 million.
Bitcoin Mining Unit Manufacturer MicroBT Nibbles at Bitmain's Market Share
Bitcoin miner maker MicroBT rapidly expanded market share by selling over half a million units in 2019, chipping away at rival Bitmain's dominance.
China’s Coronavirus Whistleblower Is Now Memorialized on Ethereum
Someone has just created a smart contract on the ethereum blockchain with source codes in the shape of a monument in memorial of Dr. Li Wenliang, the whistleblower of China's coronavirus outbreak who died of the disease.
Reginald Fowler Rejects Plea Deal in Crypto 'Shadow Bank' Case
Reginald Fowler has rejected a plea deal with the U.S. government in an ongoing case that accuses him of operating "shadow bank" services tied to crypto exchanges.
Bitfinex Investor's Crypto Lending Startup Posts $2.3M in 2019 Revenue
China-based RenrenBit has disclosed it took $600,000 in net income from revenue of $2.3 million in 2019.
How Was It Possible for Bitmain to Oust Its Largest Shareholder Overnight?
Corporate documents reveal new details about the ouster of Bitmain co-founder Ketuan "Micree" Zhan.
China May Soon Have Its First Blockchain Exchange-Traded Fund
China Securities Regulatory Commission has recently received an application for listing a blockchain-based exchange-traded fund.
Lawsuit Shows How a Public Firm's $80M Bet on Bitcoin Miners Went Terribly Wrong
The legal dispute between bitcoin miner Ebang and Chinese public firm Wholeasy reflects the prolonged magnitude of last year's market sell-off.
Bitmain’s Miner Manufacturing Subsidiary Had $680K in Assets Frozen in a Contract Dispute
In the latest contract dispute to hit the firm, $680,000 belonging to a fully owned subsidiary of bitcoin mining giant Bitmain has been frozen by a Chinese court.
Founder of Bitmain Rival MicroBT Arrested for Alleged Embezzlement
The arrest, noted by the Shenzhen Nanshan District Prosecutor on Dec. 12 and reported by business publication Caixin on Sunday, comes amid ongoing battles between mining giant Bitmain and MicroBT, which has been a rising competitor this year challenging Bitmain's market dominance.