Bithumb Announces 50% Staff-Layoff
Bithumb has announced that it is going to layoff a proportion of its staff as high as 50%. Currently, the company’s staff consists of 310 persons. The layoff will reduce this number to a personnel of about 150. The exchange has to react to falling trading volume that is affecting the whole market. Bithumb is the biggest crypto exchange of South Korea. However, since October 2018 the majority stake of the company belongs to BK Consortium, an investor from Singapore.
ICE Data Services Provides Investment Data for 72 Cryptocurrencies
The Intercontinental Exchange Data Services (ICE Data Services) announced via Twitter that it is going to include a list of cryptocurrencies to its data feed. The list encompasses 72 cryptocurrencies in total. ICE Data Services did not reveal their parameters of choosing their cryptocurrencies. The company offers data to investors to work out strategies and to be aware of risks and possibilities. ICE Data Services has an official appeal with its name. However, it is a private company that is also the main investor behind the exchange Bakkt.
Bitmain Reveals New Antminer Z11 – ‘Three Times More Powerful’
In a recent blog post, Bitmain has revealed its new ASIC miner. The mining hardware manufacturer claims that the Antminer Z11 “is by far the leading model by performance to mine […] cryptocurrencies”. Bitmain designed the Z11 model to mine cryptocurrencies that rely on the Equihash algorithm. Of which the most prominent are Bitcoin Gold (BTG), Bitcoin Private (BTCP) and Zcash (ZEC) as well as Komodo (KMD). However, ASIC mining is controversial as it outperforms GPU miners. Thus, ASIC mining tends to centralize a cryptocurrency network.
New Cryptocurrency Trading Margins Introduced in Japan
Are you aware of the new cryptocurrency trading margin regulation in Japan? Japan is one of the countries that are confident about the potential of blockchain technology and cryptocurrencies if regulated. Over the last one year, the government through the national financial regulator has been introducing regulations meant to enhance growth of the cryptocurrency industry.