The mining company also deployed the first machines that it has designed itself using Intel’s (INTC) Blocksale chips. Hive installed 1,423 of the so-called Buzzminers, whereas all 5,800, totalling 620 petahash/second (PH/s) of computing power, will be shipped by the end of January, Hive said. Source
Several Ant-linked firms experienced a notable increase in the value of their shares after a Ma organizational development. The shares of Ant-linked firms jumped Monday on news that Ant Group founder Jack Ma is ceding control of the fintech giant. The Hong Kong-listed shares of Ma’s Alibaba Group closed 8.7% higher, while the shares of other Ant-staked companies also rose. The Alibaba Group affiliate company indirectly owns between 5%-20% stake in firms such as Longshine Technology Group, Jilin University Zhengyuan Information Technologies, and Shanghai Golden Bridge Infotech. Ant also has part ownership in Orbbec Inc and Hundsun…
Growth for both the token came amid a broader crypto market recovery, with overall capitalization increasing by 3.5%, and bitcoin and ether crossing $17,000 and $1,500 respectively. As such, both ADA and SOL are down over 90% since their 2021 lifetime peaks. Source
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Jack Ma’s giving up control has already pushed the timeline of the IPO launch for three years on Shanghai’s STAR Market. On Sunday, January 7, Chinese fintech giant Ant Group said that they have no plans for Initial Public Offering (IPO) after all the buzz around it for the last few months. Speaking to Reuters, the company spokesperson said: “Ant Group has been focusing on its business rectification and optimization, and does not have a plan for an IPO”. With the Chinese regulators cracking down on the country’s local tech…
The Financial Markets Authority joins the country’s central bank and Senate in seeking to anticipate new EU laws. Source
An attempt by Alameda to oppose the deal on the grounds that it breaches the hierarchies of creditors set out in U.S. bankruptcy law meets a still frostier reception. Alameda’s objections “evince hypocrisy and chutzpah at its finest” and are “frivolous,” the Voyager filing said. FTX and Alameda had previously attempted to bail out Voyager, before declaring bankruptcy on Nov. 11. Source BinanceChutzpahDealFTXHypocrisyOppositionVoyager CryptoX Portal
The Chinese government appears to be easing down on its crackdown on top tech companies and this may be a perfect window for WeDoctor to launch. Chinese online healthcare services provider, WeDoctor is set to float its Initial Public Offering (IPO) by the second half (H2) of this year. The WeDoctor IPO plans were reported by Bloomberg, citing people familiar with the matter. According to the sources, the firm is considering either a Hong Kong or US listing and that the plans from the firm could change over time, noting…
Place/Date: – January 9th, 2023 at 10:10 am UTC · 2 min read Contact: Traders Fair, Source: FINEXPO We are proud to announce that the Thailand Traders Fair is sponsored by leading organizations such as STARTRADER, which is the Grand Sponsor, Prime Sponsorship from AETOS, Premium Sponsor from Doo Prime and Featured Sponsor from FP Markets. Additionally, we have Platinum Sponsors from RADEX MARKETS, VPFX, and ATFX. Gold Sponsorships from LIRUNEX LIMITED, Vantage, WeTrade, GO Markets, ZFX, Alchemy Markets and desfran. With INFINOX as the Workshop Sponsor, and VT Markets and OANDA…
Last week, a buy order for 50,000 contracts of ether’s $400-strike price put option expiring in June appeared on Deribit’s order book, raising alarm bells in the crypto community. At press time, ether was priced around $1,300, so the put buyer is expecting a 69% slide in less than six months. On Deribit, one ether options contract represents one ETH. Source