Other important news

1 Bitmain sued Microbt (Whatsminer) and its founder Yang Zuoxing again on April 7th. Prior to this, Police arrested Yang for infringing on trade secrets. But Yang was released on bail pending trial and was free. After Micree Zhan returned, he attacked Whatminer again. This may have an impact on Whatsminer's financing and listing.

Wu Blockchain @WuBlockchain

Breaking: Bitmain sued Microbt (Whatsminer) and its founder Yang Zuoxing again on April 7th. Prior to this, Police arrested Yang for infringing on trade secrets. But Yang was released on bail pending trial and was free. After Micree Zhan returned, he attacked Whatminer again.

April 7th 2021

3 Retweets11 Likes

2 Hindenburg released a short report on Ebang, which led to a drop of nearly 20% and a collective decline of mining. Hinderburg questioned points include the use of financing, the competitiveness of mining machines, historical issues, and the new exchanges.

Read more: https://hindenburgresearch.com/ebang/

3 Chinese listed company Meitu’s 10mln dollars of Bitcoin was purchased on Hong Kong’s first compliant exchange OSL. Previously, 90mln were purchased on Coinbase. This is of great significance to the development of the crypto ecosystem in Hong Kong and Greater China. But Meitu's stock price did not rise as a result. Other companies in Asia and China did not follow up.

4 NKN is the third Chinese project to launch Coinbase, focusing on distributed transmission. The first two are LRC and Ankr. NKN plunged by 80% and even returned to zero during the Huobi IEO in 2019, which caused investors to criticize. But in 2021, the price was nearly 40x.Some outstanding Chinese projects from 17-18 are expected to land on Coinbase one after another

5 Traffic of Binance and Bybit, Kucoin from China but main customers are outside China is growing rapidly. It may be related to the increase in Turkey Vietnam Indonesia Russia. But traffic is not equal to the transaction. Main transaction still comes from the US, China and Korea.

Wu Blockchain @WuBlockchain

Traffic of Binance and Bybit, Kucoin from China but main customers are outside China is growing rapidly. It may be related to the increase in Turkey Vietnam Indonesia Russia. But traffic is not equal to the transaction. Main transaction still comes from the US, China and Korea.

April 10th 2021

1 Retweet20 Likes

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