A recent look at a pre-IPO information page for investors revealed that Bitmain—the largest producer of mining equipment, known as ASICs, for various cryptocurrencies—has a stash of half a billion dollars in Bitcoin Cash.
The news was brought to our attention after we noticed a tweet from Samson Mow, the CSO of Blockstream, showing the details.
https://twitter.com/Excellion/status/1028426579158884352
Apparently, Bitmain sold a majority of its Bitcoin for Bitcoin Cash. Mow suggests that if the Bitcoin Core developers didn’t spot a vulnerability in BCH’s network in time for the developers to fix it, the company would have lost all of its investment.
However, the report couldn’t be attribute...
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