A Gang Arrested Over Bitcoin Miner Theft

Nine thieves were arrested in connection with the theft of cryptocurrency mining equipment in Malaysia
28 February 2018   582

According to local news, the theft occurred in the town of Seri Kembangan. the gang was arrested at around 10 pm on February 23. Assistant Commissioner Megat Mohammad Aminudin Megat Alias stated that they tried to sell mining equipment via social media, particularly on Facebook. Nine thieves stole at least 58 machines.

The police managed to recover 58 machines worth more than RM500,000 (US$127,000).

More than that, members of this gang are suspected of involvement in other similar cases. These include the theft of an additional Bitcoin mining rig in Seri Kembangan on February 16.

We received four other similar reports in three areas in Serdang. We managed to solve two cases with the arrests of the suspects. As for the remaining cases, we have credible leads and the investigations are still ongoing.

The Assistant Commissioner

Mining Firms to Make Chinese Unicorn List for First Time

"Unicorns" are private companies valued at over $1 000 000 000
19 July 2018   102

The Shanghai Hurun Research Institute has published a list of unicorn companies in Greater China (China, Hong Kong, Macao and Taiwan), which for the first time included representatives of the cryptocurrency industry. Thus, the list of major figure-makers in the list of major equipment Bitmain, Canaan Creative and Ebang. This is reported by Coindesk.

It is noteworthy that Bitmain took the 13th place with a capitalization of 70 billion yuan ($ 10.4 billion). Canaan was awarded with 32nd place with a capitalization of $ 3 billion, and Ebang closed the trio on 53rd place with a value of $ 1.5 billion.

Note that the media has already reported that all three companies intend to hold an IPO on the Hong Kong Stock Exchange (HKEX).

In May, the relevant application was filed by Canaan, and in July, followed by Ebang Communication. Jihan Wu previously stated that his company also considers the jurisdiction of Hong Kong, and potential investors may be Sequoia Capital and IDG Capital.