All posts by Blockzone Team

Nvidia Lost $23 Billion Overnight, Should Crypto Bear Market be Blamed for?

November 16, Nvidia, the largest graphic card and chip manufacturer in the world has launched its financial report for Q3. Surprisingly, its Q3 revenue is only $3.18 billion, failed to achieve the $3.24 billion market expectation. As thus, many investment banks have lowered their price target on Nvidia’s stock. Nvidia’s share price plummeted 18% within ...

F2Pool Founder : Bitcoin ‘Halving’ 2020 Will Have Very Little Impact on the Ecosystem

Although Bitcoin was down over 13 percent to below $4800 today, hitting a fresh 13-month low, some crypto investors still hope the biggest cryptocurrency could reach its peak somewhere between $100k and $200k in 2020 when the Bitcoin reward halving takes place. However, Mao Shixing, co-founder and CEO and of the world’s sixth largest bitcoin mining pool F2Pool, believes Bitcoin “halving” 2020 will ...

A New Blockchain Alliance Is Established in Guangdong-Hong Kong-Macao Greater Bay Area

China has recently established a new blockchain alliance in its Greater Bay Area, an area integrating nine cities in Guangdong with Hong Kong and Macau to create a technology and innovation hub with ambitions to rival Silicon Valley, China News, a state-run press agency, reported on November 9th . The new group dubbed the Guangdong-Hong Kong-Macao Greater Bay Area ...

Bitmain Jihan Wu: There May be Further Split Within Bitcoin ABC and SV Communities

The Bitcoin Cash (BCH) hard fork become the hottest topic in the crypto community over the past weeks. Although the controversial chain split has been activated on November 15th. Insiders are still eyeing the ongoing battle between the Bitcoin ABC and Bitcoin SV. Jihan Wu, co-founder of the world’s largest bitcoin mining manufacture Bitmain, has ...

BCH Hash War Begins: Bitcoin ABC Leaps 45 Blocks Ahead

The Bitcoin Cash (BCH) hard fork causes a new round ‘crypto civil war’ within the community. The disagreement behind the hard fork has been considered as the main perpetrator of the recent crypto market crash which causes investors and holders to panic. Finally, the controversial chain split has been activated today at block number 556766. Since ...

Chinese Angel Investor Regrets Jumping on the Crypto Bandwagon After Losing $2 Million in a Failed Blockchain Project

Many malicious actors allegedly ‘killed’ a once promising cryptocurrency project in China through price manipulation. The project, called Commerce Data Connection(CDC), disbanded its team and left retail investors empty-handed. Yang Ning, the founder of CDC and a well-known angel investor in the country, expressed regret about getting in the crypto space and decided to re-embrace traditional ...

Bitmain vs. Coingeek: Who Can Win the BCH Hard Fork War?

As the whole crypto community is eyeing the upcoming Bitcoin Cash (BCH) hard fork, the war between Bitcoin ABC and Bitcoin SV (Satoshi Vision) is continuing to escalate. It will also be a new challenge for Bitmain. According to Bitmain’s IPO financial statement, Bitmain holds over one million BCH. As thus, the BCH hard fork on ...

Thailand is Following Japan in Crypto Regulation, Will it Benefit Local Market?

At the Fourth Regional Counter-Terrorism Financing Summit, Thailand’s Deputy Prime Minister Wissanu Krea-ngam disclosed the plans of the government to strengthen regulations around the crypto market. Minister Wissau specifically announced the intent of the government to solidify Anti-Money Laundering (AML) and Know Your Customer (KYC) policies for exchanges to comply with to put an end to the ...

Jiang Zhuoer: BTC.Top Will Support the Camp Favored by a Majority of Hash Power in the Bitcoin Cash Hash War

Jiang Zhuo’er and his BTC.TOP , a major Chinese mining pool, will not take side in the upcoming Bitcoin Cash’s hash war between two competing camps, Bitcoin ABC and Bitcoin SV. Zhuo’er shared his thoughts on the looming BCH hard fork in an article posted on the Twitter-like platform - Weibo on Monday. It was previously reported that ...

Updated: Bitmain’s Board Directors Change is to Simplify Company Structure for IPO

According to a securities authority close to Bitmain, media reports about the company’s directors quitting the board was misread. The main body of Bitmain to be listed is Bitmain Technology Holdings Limited, while the personnel change happens in a wholly-owned subsidiary of Bitmain. The person said companies preparing for IPO usually set up new board ...

Bitmain Rushes to Deploy 90,000 Antminer S9 Miners in Xinjiang as Bitcoin Cash Hard Fork Looms

With the Bitcoin Cash(BCH)hard fork 7 days away, the two opposing camps—Bitcoin ABC and nChain—are moving forward with their plans. Bitmain, the world’s biggest maker of cryptocurrency hardware and the loyal proponent of Bitcoin ABC, is expediting the deployment of roughly 90,000 Antminer S9 miners in China’s far-western region of Xinjiang, to gain upper hand ...

Blockchain’s First Appearance in Alibaba’s ‘Double 11’: Tracing for 150 Million Overseas Commodities

Since the e-commerce giant Alibaba held the first Double 11 Shopping Festival on Taobao.com in 2009, November 11th has become a special shopping day in China. Last year, Alibaba has earned $25 billion in 24 hours. This time, the firm is aiming to create greater glory with the help of blockchain technology. On November 5, Ant Financial, ...