Bitmain’s BCH Client Team Was Dismissed Right Before Christmas

Bitmain’s Blockstream Chief Strategy Officer, Samson Mow, has tweeted that the entire team, named Copernicus, was laid off. The team was in charge of development of BCH client database. Unfortunately, the dismissal happened right before Christmas Eve.

As we all know, bad luck always comes in threes: this tweet has spread panic among other Chinese employees. Rumours state that Bitmain allegedly plans to lay off 50% of its stuff next week.

Bitmain has nearly 2000 staff workers, if the rumors are credible, and Bitmain indeed is about to fire 1000 workers, that will cause a big damage not only to a mining world, but also to the whole crypto market.

The first question that comes to your mind – “Why would they do this?”. Although, the official reason has not been announced yet, many people think the core of the problem is significant downfall of Bitcoin’s price. We also should not forget that Bitmain possess substantial assets of Bitcoin Cash, which has been under big pressure since its hard fork on November 15. It is worth to mention that the company filed an IPO back in September, even though the IPO was considered to be lucrative one then, now the company is struggling with it.

Read more: What Should BTC Miners Expect in the New Year of 2019?

This year’s autumn season was not the greatest for Bitmain, first, the company’s WeChat account was banned, as many others crypto-related accounts due to Chinese government ban of the cryptocurrency. Second, the U.S.-China trading war has also brought losses to Bitmain as its equipment has a tariff of 27,6%. Third, 617 BTC were stolen from Bitmain’s account, so they had to file a suit against the criminal.

In addition, we want to recall the report which shows how much Bitmain has lost this year, the number is quite impressive, about $740 million. This loss makes the fall the worst in Bitmain’s history. Nevertheless, we all have to believe that the biggest breakthroughs almost always come after the most enormous setbacks.

We remind you

Bitmain Closed Its Branch In Israel Due To Crypto Market Situation

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Cryptocurrency Prices Today, January 21: Cryptocurrencies Fell into the Red Zone

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, Dash, Monero: Cryptocurrency prices

According to the online platform Coingecko, Bitcoin (BTC) lost 4.2% in the past 24 hours. The price at the time of writing is $3527 per coin.

The other cryptocurrencies are also declining:

Bitcoin Cash lost 5.28% over the past 24 hours and costs $121 per coin;

Ripple dropped by 3.32% and is $0.31 in price;

EOS decreased by 4.66%, and its price is $2.36;

Litecoin fell by 7.04%, and its price is $30;

Cardano lost 5.63%, and its cost is $0.042;

Stellar decreased by 5.02% and costs $0.10;

IOTA lost 4.68%, and its cost is $0.30;

Dash dropped by 5.21%, and its price is $69;

Monero became cheaper by 4.22% and costs $44.

Over the past 24 hours, Ethereum lost 5.42%. The exchange rate of the coin is $117.

The total market capitalization rose to $118 billion. Bitcoin accounts for 52.5% of the total volume. In monetary terms, this is $62 billion.

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Cryptocurrency Prices Today, January 18: Cryptocurrencies Are Relatively Stable

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, Dash, Monero: Cryptocurrency prices

According to the Coingecko online platform, Bitcoin (BTC) added 1% over the past 24 hours. The price at the time of writing is $3611 per coin.

Cryptocurrencies are demonstrating both slight increase and decrease:

Bitcoin Cash added 0.61% over the past 24 hours and costs $129 per coin;

Ripple grew by 0.21% and costs $0.32;

EOS increased by 2.72%, and its price is $2.51;

Litecoin gained 1.1%, and its value is $31;

Cardano added 1.62%, and its cost is $0.046;

Stellar gained 2.44% and costs $0.10;

IOTA increased by 5.41%, and its cost is $0.31;

Dash grew by 2.21%, and its price $72;

Monero became more expensive by 0.35% and costs $45.

Over the past 24 hours, Ethereum added 0.66%. The rate of the coin is $123.

The total market capitalization is $122 billion. Bitcoin accounts for 52.4% of the total volume. In monetary terms, this is $64 billion.

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Cryptocurrency Prices Today, January 17: Cryptocurrencies Are on the Border of the Red and Green Zones

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, Dash, Monero: Cryptocurrency prices

According to the online platform Coingecko, Bitcoin (BTC) lost 0.8% over the past 24 hours. The price at the time of writing is $3582 per coin.

Some cryptocurrencies slightly decreased, others added in price a little:

Bitcoin Cash lost 2.6% over the past 24 hours and costs $126 per coin;

Ripple dropped by 1.1% and is $0.32 in rate;

EOS added 0.34%, and its price is $2.44;

Litecoin decreased by 2.66%, and its value is $30;

Cardano grew by 1.3%, and its cost is $0.044;

Stellar fell by 1.73% and costs $0.10;

IOTA lost 3.42%, and its value is $0.29;

Dash dropped by 0.52,% and its price is $71;

Monero became more expensive by 1.21% and costs $45.

Over the past 24 hours, Ethereum lost 2.17%. The exchange rate of the coin is $121.

The total market capitalization rose to $121 billion. Bitcoin accounts for 52.4% of the total volume. In monetary terms, it is $63 billion.

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Cryptocurrency Prices Today, January 16: Cryptocurrencies Are Again in the Red Zone

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, Dash, Monero: Cryptocurrency prices

According to the Coingecko online platform, Bitcoin (BTC) lost 0.3% over the past 24 hours. The price at the time of writing is $3597 per coin.

Cryptocurrencies are falling in price:

Bitcoin Cash lost 3.78% over the past 24 hours and costs $127 per coin;

Ripple lost 1.74% and is $0.32 in price;

EOS dropped by 1.06%, and its price is $2.44;

Litecoin fell by 4.12%, and its value is $31;

Cardano lost 0.03%, and its cost is $0.043;

Stellar decreased by 1.7% and costs $0.10;

IOTA lost 1.01%, and its cost is $0.30;

Dash dropped by 2.49%, and its price is $71;

Monero
became cheaper by 1.81% and costs $45.

Over the past 24 hours, Ethereum lost 6.06%. The rate of the coin is $121.

The total market capitalization rose to $122 billion. Bitcoin accounts for 52.4% of the total volume. In monetary terms, this is $64 billion.

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Cryptocurrency Prices Today, January 15: Cryptocurrency Is Trying to Regain Its Positions

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, Dash, Monero: Cryptocurrency prices

According to the Coin360 online platform, Bitcoin (BTC) gained 2.9% over the past 24 hours. The price at the time of writing is $3626 per coin, but it remains quite volatile and changes the value.


The rest of cryptocurrencies are also in the green zone:

Bitcoin Cash added 4.99% over the past 24 hours and costs $133 per coin;

Ripple plus 4.58%, and is $0.33 in value;

EOS added 10.17%, and its price is $2.51;

Litecoin became more expensive by 6.66%, and its rate is $32;

Cardano grew by 5.85%, and its value is $0.043;

Stellar added 5.15% and costs $0.11;

IOTA gained 4.92%, and its cost $0.31;

Dash added 2.19%, and its price is $73;

Monero increased by 8.22% and is $46 in price.


Ethereum added 10.5% over the past day. The cost of the coin is $130.

The total market capitalization is $123 billion. Bitcoin accounts for 52.4% ​​of the total volume. In monetary terms, this is $64 billion.

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Cryptocurrency Prices Today, January 14: Cryptocurrencies Are in the Deep Red Zone

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, Dash, Monero: Cryptocurrency prices

According to the online platform Coingecko, Bitcoin (BTC) lost 2.2% over the past 24 hours. The price at the time of writing is $3520 per coin.

Cryptocurrencies continue to decline rapidly:

Bitcoin Cash lost 7.08% over the past 24 hours and costs $125 per coin;

Ripple lost 2.31% and costs $0.32;

EOS minus 4.08%, and its price is $2.33;

Litecoin minus 7.92%, and its cost is $30;

Cardano dropped by 6.85%, and its value is $0.040;

Stellar fell by 4.42% and costs $0.10;

IOTA lost 7%, and its value is $0.29;

Dash decreased by 2.79%, and its price is $71;

Monero fell by 2.02% and costs $44.


Over the past 24 hours, Ethereum has lost 6.03%. The rate of the coin is $118.
The total market capitalization rose to $118 billion. Bitcoin’s share is 52.8% of the total volume. In monetary terms, this is $62 billion.

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