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Miningzoo Bitcoin Cloud Mining Platform Appoints New CEO
The market’s most value-for-money bitcoin cloud mining service provider, Miningzoo, will have a new CEO starting from next week.
Mr. Jason Wu will be taking over the role on the 12th of August. He will be the first CEO of the budding and booming cloud mining platform, Miningzoo.
Miningzoo’s board of directors announced Wu’s appointment on Monday. He has over 18 years of experience in management and chief executive roles and until recently was the CEO of Milestown, a high-end mansion-renting platform, based in Shanghai.
In his years of experience working as a startup founder and company executive, Mr. Wu has held a variety of management positions, including the managing director of Trend (Beijing) Cultural Media Co. Ltd. and later the founder and CFO of ZhongfuXinhe Asset Management Ltd. He was an early bitcoin advocate and has been invested in crypto-related industries’ long-term prospects.
The board and shareholders of Miningzoo said in a statement that Jason Wu would bring skills “vital” to the Mining Platform’s future. Wu will design a comprehensive and executable business model that will be focused on “innovation, sustainability, collaboration, and long-term strategy decisions.” He brings valuable insights to the company and smoothes out the company’s financial and legal status.
“Backed by a finance degree and MBA, together with a career of 15 years of general management and CEO roles and 18 years of governance experience, Jason Wu is well equipped to drive the growth and development of Miningzoo,” they said.
Wu said he was attracted to the job by Miningzoo’s “strong balance sheet and very capable team.”
Since Miningzoo’s launch, the company’s revenue grew from scratch to $7 million in the 2019 financial year.
Miningzoo recorded 47, 000 registered users and 804,000 website visits. The company boasts 53,000 miners and employs 35 staff.
Cryptocurrency prices remained in an upbeat tone on Thursday as the US dollar index continued its bearish move. Bitcoin, the biggest cryptocurrency in the world, rose to $23,165, the highest level in months. Similarly, Ethereum has risen by more than 4% in the past 24 hours while BNB Coin and XRP surged to $307 and $0.41, respectively.
US dollar index retreats
Cryptocurrencies have an inverse relationship with the US dollar index. For example, the DXY, which looks at the performance of the greenback vs other currencies, soared to a 20-year high of $115 in 2022. As that happened, cryptocurrencies like Bitcoin plunged during the year.
The foundation of this relationship is the Federal Reserve. In most periods, the US dollar index tends to rise when the Fed is extremely hawkish and vice versa. And it was extremely hawkish in 2022 as it hiked interest rates by more than 400 basis points.
Therefore, while the Fed has remained hawkish recently, the US dollar has dropped because of what the data is saying. Data published recently showed that America’s inflation is easing. The closely watched consumer price index dropped to 6.5% in December while core inflation fell to 5.7%.
At the same time, other parts of the economy are showing that the American economy is indeed recoiling. Retail sales dropped sharply in December while many…
Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //
Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.
Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.
The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.
NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more. One of the ways to have a successful…
Blockchain conglomerate GDA Group joins as Campden Wealth’s newest Corporate Partner for 2021. Based in Toronto, GDA group provides access to all verticals of the crypto capital markets to institutions and private investors. The two institutions once operated on different verticals, so the partnership indicates a new era of portfolio allocation and asset diversification. Digital assets, including bitcoin, are becoming a vital component of modern investment strategies. GDA Group provides multiple avenues for digital asset exposure, including trading services through their institutional trading desk Secure Digital Markets, including non-recourse lending up to $100M through GDA Lending, and private placements through their capital markets arm GDA Capital.
“Institutions have spent a decade on the sidelines, evaluating the risks of this burgeoning sector. Now, in less than 6 months we have seen billions in institutional and private capital enter the space,” says James Godfrey, FX and International Banking Advisor to GDA Group. “Our relationship with Campden will illustrate the maturation of this industry and where we are headed next. New stakeholders will need experience, resources and insights to navigate this new market and evaluate upcoming opportunities.”
“The Campden Community is constantly balancing the needs of wealth creation for the future, with wealth preservation…
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