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Zipmex Misses Buyout Payment
Cryptocurrency exchange Zipmex has missed the latest payment under its buyout agreement with venture capital firm V Venture. Without the $1.25 million payment, the Singapore-based exchange warned it may have to begin liquidating one of its units and suspend payroll.
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Buy Us Out: Majority of Chinese Blockchain Companies Don't Develop or Even Use Blockchain Technology
Blockchain companies have become a hot property in China over the last few years, and the rise in company registrations really surged following Chinese Leader Xi Jinping announcment last October that the country must strive to become the global blockchain leader.