Jihan Wu: Mining His Own Business

Jihan Wu: Mining His Own Business

 Jihan Wu: Mining His Own Business

After doing this show for almost 4 ½ years, some consider us OGs in the space. We aren’t unless OG means “old guys”. In episode 557, we speak with an actual OG in the Bitcoin world.  Jihan Wu has been into Bitcoin for more than ten years and founded Bitmain, a multi-billion dollar semiconductor company specializing in chips for crypto mining. 

Now Jihan is the founder of Matrixport, Asia’s fastest-growing digital asset platform.  Jihan is very thoughtful and methodical in choosing his words., so you’ll want to listen carefully as he takes us on his journey through the crypto space. 

We’re glad to finally have the inspiration for the Blockchain Hero Megamine on this show. So join us in saying Woo hoo! as we welcome Jihan Wu to episode #557 of The Bad Crypto Podcast. 

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SHOW SPONSORS

Animoca Brands -- The global leader in branded blockchain gaming

Animoca is working to revolutionize the gaming industry with huge hits such as F1 Delta Time, Gamee, The Sandbox, Crazy Defense Heroes, and tons of other ones in the works! If you’re a gamer or just interested in knowing what Animoca Brands is up to go check them out today!

Check it out at Animoca Brands!

FEATURED GUEST

Jihan Wu, Matrixport

  • Jihan Wu is the co-founder and chairman of Chinese mining-chip giant Bitmain Technologies.
  • Founded in 2013, Bitmain is China’s largest cryptocurrency mining-chip company; it specializes in selling ASIC-chip miners.
  • Bitmain reportedly filed for a U.S. IPO in October 2019, more than a year after a failed attempt to go public on Hong Kong’s stock exchange.
  • Wu received a dual degree in economics and psychology from Peking University.
  • He co-founded a crypto-financial services startup called Matrixport in February 2019.
  • He owns about 20% of Bitmain, which is less than Zhan’s 36% stake.

Jihan Wu (Chinese: 吳忌寒; born 1986) is a Chinese billionaire cryptocurrency entrepreneur. Together with Micree Zhan, he co-founded Bitmain in 2013, which has become the world’s largest computer chip company for bitcoin mining, with US$2.5 billion in revenue in 2017. He is a leading supporter of Bitcoin Cash, a hard fork of bitcoin created in 2017 with increased transaction capacity. He topped Forbes’ 2020 World’s Billionaires List as one of the five youngest billionaires in Asia.[1]

ABOUT MATRIXPORT:
Matrixport is Asia’s fastest-growing digital asset platform. With $10 billion in assets under management and custody, it provides one-stop crypto financial services with over $5 billion in average monthly trading volumes. The offerings include Cactus Custody™, spot OTC, fixed income, structured products, lending as well as asset management. Download the Matrixport App now to earn 30% APY on USDC. Learn more at matrixport.com

Jihan Wu (Chinese: 吳忌寒; born 1986) is a Chinese billionaire cryptocurrency entrepreneur. Together with Micree Zhan, he co-founded Bitmain in 2013, which has become the world’s largest computer chip company for bitcoin mining, with US$2.5 billion in revenue in 2017. He is a leading supporter of Bitcoin Cash, a hard fork of bitcoin created in 2017 with increased transaction capacity. He topped Forbes’ 2020 World’s Billionaires List as one of the five youngest billionaires in Asia.[1]

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The Fed Goes Down… Literally

The Fed Goes Down… Literally

The Fed Goes Down… Literally

The crypto markets had the anticipated pullbacks this week as we saw Bitcoin drop over $10,000 in the blink of an eye. Are we going back up soon or will the bears take over for a time?

Bitcoin and pizza are in the news once again as delivery driver received a pretty awesome tip. Merchants are looking towards crypto as VISA and Mastercard raise their rates. And the Federal Reserve’s wire and ACH systems went down.  And we don’t mean downtown.  We mean literally. 

Crypto.com is burning 70B of their CRO tokens, Square generates $1.7 billion in crypto revenue, and the NFT world has reached into the physical world as Topps’ Garbage Pail Kids crossover into the retail space.

Here’s a riddle for you. If the Federal Reserve is unable to do their business and none of us pay attention, does anyone really give a crap? Let’s discuss this and more on our bad news episode #490 of The Bad Crypto Podcast. 

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SHOW SPONSOR

Animoca Brands -- The global leader in branded blockchain gaming

Animoca is working to revolutionize the gaming industry with huge hits such as F1 Delta Time, Gamee, The Sandbox, Crazy Defense Heroes, and tons of other ones in the works! If you’re a gamer or just interested in knowing what Animoca Brands is up to go check them out today!

Check it out at Animoca Brands!

 

AnyTask.comThe AnyTaskTM Platform, a freelance marketplace, is the only place that allows freelancers to sell digital Tasks and earn ETN, Electroneum Ltd’s cryptocurrency; alleviating the need for a bank account and with no fees for Sellers.

Are you an artist, illustrator, designer, or animator? AnyTask.com is looking for artists like you to join their new NFT category. NFTs are digital assets that represent a variety of unique items, including digital art – which is where you come in. You don’t need to have any technical knowledge at all, your skills as an artist are exactly what the AnyTaskTM Platform are looking for to grow this category and meet the demands of Buyers.

The ETN-Network has gained widespread adoption as a mobile-first payment solution for global eCommerce applications and over the last three years has attracted more than 4 million users worldwide.

 

Yield.app, our favorite up and coming DeFi application, gives you 20% APY with 10% paid out in stablecoins for holding funds in your wallet, covering you against the volatility that scares even the most experienced crypto investor. Check them out at Yield.app to learn more!

That was an exciting week! Steady accumulation might have been easier than the rollercoaster that Bitcoin went through over the last seven days but having dropped more than 20 percent, it ends the week down under 4 percent and still above $50,000. Despite the liquidation of $1.64 billion worth of Bitcoin futures, a number of metrics suggest there are still plenty of reasons to remain bullish. And those reasons include the possibility of being able to cash in with handsome profits—as one delivery driver has recently done.

The driver delivered a pizza to a Bitcoin holder in 2013, and agreed to accept his five-dollar tip in Bitcoin. He’s now cashing it in for $400. Square is hoping to do even better. The company has announced that it’s investing another $170 million in Bitcoin, in addition to the $50 million investment it made in October.

Other people haven’t been so happy this week. An operational error brought down the Federal Reserve’s online portal for more than an hour. And winter storms turned off the electricity system in Texas but the mining operation in the state is too small to have contributed.

Some people in Texas who managed to keep the lights on found themselves with big fees. They’re not the only ones. Visa and Mastercard are both planning to raise their swipe fees, a move that could make cryptocurrencies more attractive. That can only happen, though, if gas fees fall. SushiSwap has proposed bringing them down by building Ethereum’s platform on the Solana ecosystem and integrating with Raydium’s platform.

Electroneum is trying to help people take off. Its recently updated app now accepts ETN as payment for parking reservations at most airports in America.

In Nigeria, the Securities and Exchange Commission has said that the crypto market could be a valuable way to attract foreign investment. The SEC will work with the central bank to build a regulatory framework. In Switzerland, ETP issuer 21Shares is already roaring ahead. The company has doubled the value of its managed assets from $500 million to $1 billion in less than two weeks. And in China, MYBank and WeBank, which are owned by ANT Group and Tencent, will take part in a trial of the digital Yuan.

It’s not all forward progress though. OKCoin has delisted the two Bitcoin forks, BSV and BCH. The exchange cited a “malicious misinformation war” by Craig Wright and others. And Bitfinex and Tether have settled with the New York Attorney General’s office. The companies agreed to pay $18.5 million without admitting liability. The Attorney General’s office had accused Bitfinex of using Tether’s funds to cover $850 million lost to payment processor Crypto Capital in 2018.

The world of NFTs has been taking off, and it’s now joining the mainstream. Topps, which has been selling tradable cards for more than 80 years, will include code cards in the Garbage Pail Kids packs it sells in Walmart and Target. The cards sell on the WAX blockchain, which is increasingly showing the value of no-gas transactions.

Let’s hope next week is quieter.

ARTICLES MENTIONED IN THE SHOW: 



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Is DUST the Crypto of the Internet?

Is DUST the Crypto of the Internet?

Is DUST the Crypto of the Internet?

A decade ago in this very galaxy, anyone could set up a bitcoin miner. You’ll be pulling down 55 bitcoin in nothing flat. You could even go to an online faucet, open it up, and bitcoin would flow into your wallet.  Those days are gone. But finding ways to innovate making crypto accessible to all is something that continues to this very day.

In this episode, we’re pleased to welcome a previous guest back to the show to tell you the story of DUST, a crypto that you easily mine just by doing things you are already doing online. Kurt Braget will join us and share all the dusty goodness. You might find yourself being a dust aficionado before the show is over.

I’m going to wave my magic wand, sprinkle some dust into the atmosphere, and POOF, you’re listening to episode #485 of The Bad Crypto Podcast.

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SHOW SPONSOR

 

AnyTask.comThe AnyTaskTM Platform, a freelance marketplace, is the only place that allows freelancers to sell digital Tasks and earn ETN, Electroneum Ltd’s cryptocurrency; alleviating the need for a bank account and with no fees for Sellers.

Are you an artist, illustrator, designer, or animator? AnyTask.com is looking for artists like you to join their new NFT category. NFTs are digital assets that represent a variety of unique items, including digital art – which is where you come in. You don’t need to have any technical knowledge at all, your skills as an artist are exactly what the AnyTaskTM Platform are looking for to grow this category and meet the demands of Buyers.

The ETN-Network has gained widespread adoption as a mobile-first payment solution for global eCommerce applications and over the last three years has attracted more than 4 million users worldwide.

 

HODLCommunity uses altruistic tokenomics and algorithmic finance to offer reliable growth that’s mathematically based on time and transactions. Joining the HODLCommunity means joining progressive thinking individuals excited about a sustainable DeFi economy.

HODLCommunity assets are built on predictable growth, which removes volatility and manipulation. Their ledger-agnosticism and cross-chain compatibility attract a wide range of community members, merchants, and business initiatives to achieve mass adoption without the end-user having to understand ‘crypto’ or yield finance.

Lattice is a digital asset exchange, unlike any other currently operating in the DeFi market. The team behind this project has designed the exchange focused on liquidity providers and the DeFi users alike. This protocol is built for security, speed, affordability, and scalability all from a decentralized governance – for a truly open financial network

To find out more, check out LATTICE.EXCHANGE and join their fast-growing community on Telegram to get in the know!

FEATURED GUEST

Kurt Braget

Specialties: Hustling / Blockchain Tech / Full Stack / React / React Native / Ruby / Ruby on Rails / Scraper Tech / Fake AI / Javascript / HTML / CSS / Front End / Back End / Sales

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All About Mining with Matt D’Souza

All About Mining with Matt D’Souza

All About Mining with Matt D’Souza

The Bitcoin halving of 2020 has come in gone, and perhaps now we are beginning to see the effects of the difficulty adjustment as the price of Bitcoin increases.  Prior to the event, we spoke with CPA Matt D’Souza to discuss what would happen next.  We discussed mining gear and why this is just one more step towards Bitcoin becoming true digital gold.

So grab your pick and shovel. Even though it won’t do you any good where Bitcoin mining is concerned, let’s face it.. You look badass holding them.  Welcome to episode #430 of The Bad Crypto Podcast. 

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SHOW SPONSOR

This episode is sponsored by: MOBIE Money has existed for thousands of years progressing from shells to precious metals and minted coins to paper money. But the transfer of modern money is slow and expensive for both merchants and consumers — particularly across borders. Now payments are going mobile. That’s why the MobiePay™ ecosystem consists of three core applications that let users spend or send money and digital currency worldwide from their mobile phone in seconds — even if they don’t have a bank account. Mobie supports cashback programs on purchases with MobieCoin™ as an integrated reward and payment token connecting all fiat & major cryptocurrencies directly to the global retail marketplace — so everyone in the Mobie™ ecosystem is part of the world's most rewarding loyalty program. Mobiepay.io

FEATURE

Matt D’Souza, CPA is an entrepreneur with a primary focus on the Bitcoin and Blockchain Industry. He has a unique perspective, as he is deeply involved in multiple buckets of the Blockchain Ecosystem. He manages a mid-large size Digital Currency Hedge Fund – Blockchain Opportunity Fund and is the CEO of Blockware Solutions, LLC and Blockware Mining, LLC. Blockware Solutions is a leading service provider for the Bitcoin Mining Industry: presently one of the largest distributors of ASIC 39’s to the US Market, hosts a top 18 Bitcoin Pool that is accessible to the public, provides leading research reports, and services many large mines in the US. Blockware Mining, is a Bitcoin Mining Fund currently managing over 180PH and provides collocation services in the US. Matt graduated from the University of Illinois at Urbana-Champaign with a MS and BS in Accountancy.

The scope of Matt’s involvement in the space provides a well-rounded perspective, which allows Matt to harmonize what is happening in Bitcoin, the Global Macroeconomic Environment, and Bitcoin Mining to develop a comprehensive understanding of what influences Bitcoin.

Blockware Solutions Website:  https://www.blockwaresolutions.com/

BlockwarePool (bitcoin pool):  https://bitcoin.blockwarepool.com/

Matt D’Souza Twitter

Blockware Solutions Twitter

The Halving 2020 Research Report we released that has been shared across the industry:  https://www.blockwaresolutions.com/research-and-publications/2020-halving-analysis

Forbes article we were recently featured in: https://www.forbes.com/sites/ktorpey/2020/04/08/a-perfect-storm-is-brewing-for-the-bitcoin-price/#60ee13dc6ab0

Subscribe to our Newsletter to stay at the forefront of new developments in the Bitcoin and Bitcoin Mining Market: https://www.blockwaresolutions.com/newsletter



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Top Blockchain Podcast Influencers

Top Blockchain Podcast Influencers

Top Blockchain Podcast Influencers

Featuring Taryn Southern, Ashton Addison, Wild West Crypto, & Rice Crypto

We are celebrating 3 years of blockchain and cryptocurrency podcasting here at the Republic of Bad Cryptopia, and we’ve got a special gift for you today. We’ve invited top blockchain podcast hosts from four other podcasts to join us to discuss their crypto journey. We’ll be joined by American Idol contestant, Taryn Southern, Brent and Drew of Wild West Crypto Show, our buddy Rice Crypto, and Ashton Addison from the Crypto Coin Show.  The blockchain podcasting realm has grown quite a bit since we started this show and we want you to get to know others who are creating great content.

And about that gift? It’s a unique NFT that we are giving you for free… if you are quick enough.

Get out your party favors, put on your birthday suit and let’s start a conga line for our Happy Birthday to us episode #428 of The Bad Crypto Podcast. 

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SHOW SPONSOR

This Episode is Sponsored by: DIVI

Divi is a cryptocurrency app that makes it easy to earn, transact, and store cryptocurrency. Divi is the first cryptocurrency ecosystem powered by masternodes that can be installed in one click. With Divi's MOCCI (Masternode One-Click Cloud Installer), users can begin earning cryptocurrency at the click of a button, without the arduous setup process. The network's Smart Wallet enables users to easily store and transact their earned cryptocurrency with the luxury of a simple, intuitive interface. Divi was created by The Divi Project: a team committed to reducing the friction tax of cryptocurrency through UX and UI.

FEATURING 4 TOP BLOCKCHAIN PODCAST HOSTS:

Taryn Southern

Taryn Southern is an artist, writer, and producer with more than 700 million views across her online content. As one of the first creators on YouTube, Taryn has spent the last decade at the intersection of emerging tech and storytelling.

Taryn’s directorial debut I AM HUMAN, a sci-fi documentary following three of the first real-world “cyborgs,” premiered at the Tribeca Film Festival in May 2019. In 2018, Taryn released the world’s first solo pop album composed with artificial intelligence, I AM AI, demonstrating the possibilities of human/AI creative collaboration. 

An active VR/AR evangelist, in 2017, Taryn was one of ten recipients to receive a Google grant to write/produce an interactive VR series, which was nominated for Best Interactive at the Streamy Awards and featured in Ayzenberg’s XR Gallery. She has partnered on initiatives with HTC Vive, Samsung, Oculus, and was recently named one of the Top 20 Women in VR. Because of her work with emerging tech, she was featured in Ford’s national “She’s Got Drive” campaign.

​An early blockchain enthusiast, in 2018, Taryn released the world’s first “song token” on the blockchain, enabling artists to share royalties with an infinite number of collaborators using Ethereum technology. Shortly after, Taryn was nominated for Best Female Influencer for The Crypto Awards. 

TarynSouthern.com

Wild West Crypto

Whether you’re a little wet behind the ears in the world of cryptocurrency or you have been blazing the crypto trail for a while, the Wild West Crypto Show on is the best crypto podcast to show you the Good, the Bad, and the Ugly of crypto. Thanks to C-Suite, the Wild West Crypto Show has a larger audience than ever. Our show is packed full of information from experts who know a thing or two about cryptocurrency. We’re going to break down everything that newcomers need to know about getting started in cryptocurrency while providing valuable insight for more experienced Crypto Cowboys.

Cryptocurrency is a new frontier that not many have dared to venture into. The Wild West Crypto Show, with the help of C-Suite and many others, is here to make your journey as easy and profitable as possible by providing our viewers with the facts and addressing misinformation about cryptocurrency. So saddle up, partner, we’ve got a long ride ahead of us!

The Wild West Crypto Show is the brainchild of Drew Taylor. Drew created this platform as a tool to inform people about cryptocurrency so that they can make educated decisions about investing in this emerging market. Together with his co-host Brent Bates and with the help of industry experts, Drew and the Wild West Crypto Shows aims for providing valuable information for anyone interested in cryptocurrency, all while debunking myths and misinformation often spread about the movement.

Drew Taylor

Drew is an inventor, innovator & a visionary. Drew naturally seeks out voids or opportunities that exist within wanted or needed products or services. A natural problem solver, and recognizing that “surrounding myself with the smartest guys in the room will take me further”, Drew always seeks out experts and credentialed individuals that can benefit from his knack for innovation, promotion, as well as lending his expertise to helping others.

Brent Bates

Brent’s business career started immediately following his graduation, graduating Cum Laude,  from Texas A&M in 1980 with a degree in Business Administration. After graduating, Brent returned to the Dallas/Ft Worth  to be the youngest hire by Merrill Lynch at their Ft.Worth office.  After having been a top quintile and award-winning producer at Merrill Lynch, Mr. Bates moved into the rapidly expanding commercial real estate market in Dallas/Ft. Worth.

Wild West Crypto Show

Rice Crypto

Anarchy/Voluntaryist related topics, and Practice Change. I educate and do consulting for people interested in learning the basics of bitcoin, cryptocurrency, and blockchain technologies. I also work on marketing, more specifically, social media marketing!

Rice Crypto on YouTube

Connect with Rice Crypto on LinkedIn

 

 

Ashton Addison

Mr. Addison has been involved in the blockchain industry since 2013. As the CEO and Founder of EventChain, he pioneered the team through a successful raise in September of 2017. He also advises various other Blockchain companies globally including Syscoin and CoinPayments.net in Canada, Pundi X in Indonesia and SmartMesh in China. Together with EventChain and his associated blockchain projects he has helped raise over $50M cumulatively.

Ashton is a broadcaster on Reuters Insider Financial Network, focusing primarily on the Blockchain and FinTech industry. He founded the online FinTech and digital currency news broadcasting networks Crypto Coin Show, FinTech News Network, Blockchain Interviews, Blockchain top 5 and is considered a Key Opinion Leader in the Blockchain industry. He has extensive crypto community support on YouTube, Facebook, Twitter, and Instagram.

Ashton is a public speaker and thought leader of his generation, speaking in 10 countries on business topics such as digital finance, digital economics, and blockchain protocol scalability. His recent speaking experience includes keynoting the Singapore TechLaw conference with the President of Microsoft for the Singaporean Government and Singapore Academy of Law. He also led the regulation panel discussion among the Monetary Authority of Singapore, the Mitsubishi Group, and SWIFT.

Ashton founded a music production company Shed Show Productions in 2012, where he created and managed multiple sold-out concerts and EDM shows. He managed a sales and marketing team to sell tickets directly to event goers. By applying his experience from decentralized technology and cryptocurrency to EventChain’s SmartTicketing platform, he aims to make events cheaper and more accessible to everyone.

Create an event or buy tickets at Eventchain.io

Crypto Coin Show

Ashton’s First Episode #26

Episode Commemorative NFT #15 – http://badco.in/happy

Ends Wednesday, July 22nd at 8 pm EST

 

 

 

 

 

 



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