Each Sunday, we breakdown the most important news from the past week for SludgeFeed Premium members with key takeaways you might’ve missed.
Top Headlines This Week:
The financials at crypto mining giant Bitmain aren’t looking too pretty according to an updated filing with the Hong Kong Stock Exchange that shows the company lost about $500 million in the third quarter of 2018.
According to a report by CoinDesk that cites the non-public filing, Bitmain earned roughly $500 million in the first 9 months of 2019 with over $3 billion in revenue.
Neutrino’s CEO, Giancarlo Russo, formerly worked as Chief Operating Officer for HackingTeam, the government security contractor that was famously hacked in 2015. Documents leaked by the HackingTeam attackers showed that the company willingly aided repressive governments including Saudi Arabia, who wanted to buy the company.
This has prompted a significant backlash from the crypto community, as many see this as a serious risk to user security and privacy.
Bitbond, a Stellar-based blockchain startup that provides business loans, announced this week that it has gained German regulatory approval to conduct a security token offering (STO)…