Blockchain Training Institute: Bitcoin mining giant Bitmain’s co-founder Micree Zhan, says he is going take legal action to make his return to Bitmain. However, he was removed from the company a week ago. Jihan Wu, co-founder of Bitmain addressed his staff and conveyed a message saying that Micree Zhan was dismissed from all roles. Also, he added that employees are prohibited from engaging with him.
There was a struggle between the two to have powers which ended in the removal of Micree Zhan. Zhan remained silent until Wednesday by not address any media questions. Later on Wednesday, he posted on his WeChat saying he did not have prior information about the removal from roles and he would take legal actions to get back to the firm.
“I have never thought that as a person focusing on technology and product, I have to start thinking from legal perspectives. It was embarrassing that as a Bitmain co-founder, the biggest shareholder, and a registered legal representative, I got ousted without any knowledge in this coup while on a business trip,” he wrote.
He also added, “I didn’t realize until then that those scenes in TV shows, where you get stabbed on your back by those partners you trusted and ‘brothers’ you fought together with, can really happen in real life.”
Zhan conveyed a message to the staff of Bitmain, "return to the company as soon as possible through legal methods to end this very critical moment.”
He further added that Bitmain was his child and he would fight for it with weapons. He would not allow anyone to plot against Bitmain to succeed. He also added he envisions Bitmain reaching the goal of dominating 90 percent of the bitcoin mining equipment market while expanding its AI business.
Blockchain Training Institute: The 29-year-old Singapore resident, Frauds such as wire and access device fraud and aggravated identity theft are the charges on which Matthew Ho was arrested in Singapore.The lawsuit alleges that Ho operated multiple accounts with at least three stolen identities and credit cards in cloud services companies, including Amazon Web Services (AWS).
Between October 2017 to February 2018 he used the cloud computing resources to mine many cryptocurrencies, like Bitcoin and Ethereum, which resulted in him becoming one of the big volume consumers in that duration.Ho later identified as a popular developer of video-games from California, a native of Texas and as the founder of a technology company from India with the stolen personal information.
Additionally, he coaxed the cloud computing service providers in providing him with the highest privileges, additional processing access along with huge storage space, and for delayed billing.The financial loss of $5 million largely stems from outstanding Cloud service charges that sustained Ho's mining activity, although some were incurred by the financial staff of the California game developer before wrongdoing was discovered.Ho had used the identities of the other two to procure cloud computing power for Google Cloud Services, in addition to using the developer's identity to create accounts in AWS.As per the jury, though mining and other means Ho converted the cryptocurrencies into fiat currency using various trading platforms.The true identity of the three plaintiffs nor the total amount that Ho made from trading cryptocurrencies was not revealed by the court.However, according to the court, imprisonment of 20 years is the punishment for wire fraud, whereas access device fraud carries a sentence of 10 years in prison and aggravated identity theft carries a punishment of 2 years.
History KuCoin exchange was founded back in 2013 by Michael Gan and Eric Don and is based in Seychelles.
Supported Cryptocurrencies Bitcoin (BTC),Ethereum (ETH)Litecoin (LTC)Tron (TRX)Tether (USDT)NEO (NEO)Ripple (XRP)KuCoin Shares (KCS) KuCoin exchange keeps extending its number of digital assets for its users.
Traders can buy crypto with fiat money such as EUR, CNY, GBP, CAD, AUD, and the list will go on.
FeaturesKuCoin P2P Fiat Trade: A platform that offers traders digital assets and legal tender transaction servicesKuCoin Instant Exchange: A crypto-to-crypto exchange service.
Therefore, traders can swop their cryptos without chargesKuCoin Fast Buy: Allows traders to instantly purchase cryptocurrencies using fiet money such as Chinese Yuan (CNY), Indonesian Rupiah (IDR), and Vietnamese Dong (VND)KuCoin Shares: The native cryptocurrency for KuCoin Exchange P2P Marketplace KuCoin exchange's P2P marketplace is one of the top services provided by the platform.
Payment methods like PayPal and wire transfers are also supported on the platform.
BitcoinBitcoin is the cryptocurrency that started it all.Although Satoshi Nakamoto described Bitcoin as a P2P currency system, today the narrative is a little different.The narrative has now changed, and people refer to Bitcoin as “Digital Gold.”Not surprisingly, many institutional investors have started buying into Bitcoin, making the supply scarce for the common investor.Bitcoin, The Store of ValueBitcoin is no longer a currency to it’s advocates, but rather a store of value like gold.Practically speaking, newer wallets with one whole Bitcoin are disappearing by the hour.This limited availability and mass adoption of Bitcoin, combined with huge cash flow from institutional investors has pumped prices skyhigh.Experts have predicted that Bitcoin could hit a whopping $200,000 by the time this bull run ends (Est.
September 2021).EthereumEthereum wasn’t supposed to be a currency system like Bitcoin.However, it is outperforming Bitcoin, and fast outgrowing its status as an Altcoin.Ethereum is essentially a smart contract platform, an ecosystem to build blockchain projects on.This solid use case, combined with the deflationary system that it follows for Ether (ETH), and popularity, has also caught the eyes of big investors.Ethereum — The OpportunityEthereum has outperformed Bitcoin in this bull run and is gearing up to move past it’s all time high.Experts have predicted that the price of Ether (ETH) could hit a tune of $10,000 by the time this bull run ends.This makes Ethereum the best opportunity for people looking to make big gains, as Bitcoin becomes the more expensive option.So, what happens after the Bull Market?After any Bull market, there will be a Bear market.This means that the prices could fall upto 90% after the market reaches its peak.So, it’s better to always take profits as you ride the wave and not wait till the top of the hill.
What on earth is Ethereum?
I mean, I keep hearing about it all the time, I’ve seen it’s the second-largest cryptocurrency around but I just can’t seem to wrap my head around it.
Is it as revolutionary as Bitcoin?
Can it actually change the world as we know it?
Like many other cryptocurrencies, Ethereum is also decentralized and can perform value exchanges and smart contract transactions without any interference from a third party.
It is completely autonomous and non-regulated by any centralized entity.
The Ethereum system is supported by a global system of Nodes.
These consensus rules are guided and dictated by smart contracts- a set of computer protocols and algorithms that control the verification and execution of a contract.
With these rules in place, one can perform multiple transactions via the ethereum blockchain network without necessarily trusting the other party.
Smart contracts ensure that the pre-defined rules of engagement are satisfied before the successful completion of the transaction.
