After the end of the legal battle between the founders of Bitmain, the largest cryptocurrency mining hardware company, Jihan Wu, co-founder of the company, continues on its way by investing in products for the exchange Matrixport after receiving US compensation. $ 600 million.
As a result of the dispute, Jihan will receive compensation of $ 600 million. However, Micre Zhan, the company's co-founder, will own the Antpool mining pool and Bitmain's mining farms in China, while Wu will take control of the Btc.com pool and Bitmain's overseas mining centers.
Change of focus
According to a tweet published by Wu Blockchain, a research institute on cryptoeconomics, Matrixport, a company controlled by Jihan, will offer new loan, financial management, custody, options and other services for the cryptocurrency Bitcoin Cash (BCH) from today January 20th.
According to BCH Information, Matrixport controlled by Jihan Wu is expected to release BCH-related products on January 20. Matrixport's products include lending, financial management, custody, options, etc. pic.twitter.com/SgucYER3Vx– Wu Blockchain (@WuBlockchain) January 19, 2022
“According to information from the BCH, Matrixport controlled by Jihan Wu is expected to launch BCH-related products on January 20. Matrixport's products include loans, financial management, custody, options, etc. ”
In another tweet, the institute stated that Jihan is expected to have more freedom to invest in the Bitcoin Cash community.
Jihan Wu has withdrawn from the Bitmain spin-off and is expected to have more energy and freedom to invest in the BCH community. After the BCH bifurcation, the certainty became stronger, with an increase of 106% in the last three months and 68% in the last 30 days.
Jihan is known as one of the main supporters of Bitcoin Cash (BCH), a fork of Bitcoin held in the year 2017 in order to increase the size of the cryptocurrency block. BCH is currently the 8th cryptocurrency in market value, with a 8.34% appreciation in the last 7 days, according to Coingolive.
Read more: Bitcoin should be compared to gold and not another cryptocurrency, says Mike Novogratz
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