Bitmain to Invest $3M in Fraud-Fighting Startup

The tribeOS platform runs on Bitcoin Cash blockchain and specializes in developing solutions to counter fraud in the advertising business
09 August 2018   1052

The Chinese manufacturer of mining equipment Bitmain invested $ 3 million in the tribeOS startup.

The tribeOS platform runs on Bitcoin Cash blockchain. Startup specializes in developing solutions to counter fraud in the advertising business.

It is known that advertisers annually lose about $ 19 billion due to falsifications of statistical data and traffic.

As the developers stated, the automated digital media market with solutions from tribeOS will start operating in 2019.

Also, tribeOS, together with the Bermuda Business Development Agency
intends to create a FIRE token with the help of Bitcoin Cash. Among the startup advisors is the ardent supporter of the Bitcoin Cash fork, Roger Ver and the senior software engineer at Coinbase, Josh Ellitorp.

Bitmain to Close Another Office

Bitmain is building "long-term, sustainable and scalable business" is their own way
14 January 2019   100

The Chinese mining company Bitmain has announced that it will close another of its overseas divisions - this time in Amsterdam.

A spokesman for the company in a conversation with CoinDesk confirmed that the office is still working, but the decision on its future fate has already been made.

According to LinkedIn, at least nine people are employees of Bitmain in the capital of the Netherlands and are working on its flagship mining pool, while the company did not outline the scope of the process.

As we build a long-term, sustainable and scalable business, we are making adjustments to our staff and operations. This includes the decision to close our Amsterdam and Israel offices. We are really focusing on things that are core to our mission and not things that are auxiliary. We will continue to hire the best talent from a diverse range of backgrounds. 

Bitmain Team

It became known in December about the closure of the Israeli unit of Bitmain, with more than 20 employees, . As a reason for this decision, the company cited a decline in the cryptocurrency market in 2018.

Another fact is that it was planned to invest $500M and hire 400 employees for US office.