Bitmain Co-Founder Jihan Wu Loses Executive Power in Board Reshuffle, Says Chinese Media

Bitmain co-founder Jihan Wu is reportedly no longer able to influence corporate decisions at the mining firm, Chinese industry media outlet Sanyan Blockchain reported Nov. 13.  Citing an unnamed “financial news” source, Sanyan quotes a lawyer for Bitmain, Tian Yangang, saying that as a result of the redistribution of positions at the company’s executive board, Wu had been demoted from being a “director” to a “supervisor.” “After changing to a supervisor, there are no voting rights, so [Wu’s] power is smaller and [he] cannot participate in the business decision-making of the enterprise,” a rough…

Andrew Fleming, Former Dow Jones Executive, Joins BTC Inc as Head of Media

BTC Inc, the parent company of Bitcoin Magazine, is excited to announce the hiring of Andrew Fleming to be the new head of its media division. The addition of Fleming to BTC Inc’s management roster is the latest example of an emerging trend of big-name talent leaving institutions in order to join the crypto and blockchain industry. Before coming to BTC Inc, Fleming was the Head of Content Platforms at Dow Jones, parent company of the Wall Street Journal, MarketWatch, Barron’s and many other leading publications. Prior to Dow Jones,…