Game of Coins – why fighting strengthens the crypto ecosystem
If institutional investors are delaying entering crypto until the industry ‘settles down’ they will be in for a long wait - as in-fighting and controversy are part of crypto’s DNA. And as with any Darwinian struggle, crypto’s dramas are actually fundamental to the sector’s overall health and prosperity.
The fall of Bitmain: Canary in the crypto mine?
As the crypto winter continues there is no higher-profile casualty than Chinese mining company Bitmain. Despite generating record profits in 2017 and early 2018, the company has been forced to downsize, closing offices and letting 50% of its workforce go. What went wrong? And is this situation unique to Bitmain, or emblematic of something more widespread across the sector?