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Irrespective of market ups and downs, Wu claims he envisions fantastic possible for cryptocurrencies and the underlying blockchain engineering.
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For his portion, Wu downplays his impact. “There are lots of players with terrific influence during the business,” Wu said in an job interview with Caixin. “Electricity is scattered today.” Whilst Bitmain operates mining collectives, miners are impartial gamers with their own free will, he mentioned.
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Wu operates Bitmain Technologies Ltd., the whole world’s dominant producer of cryptocurrency mining chips. The Chinese organization continues to be shrouded in secrecy considering the fact that its founding five years ago, but Wu is little by little lifting the veil — and revealing clues about his personal wealth — as he pursues an growth further than the crypto-sphere that could sooner or later bring on an Preliminary public giving.
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“There’s many interest through the huge financial institutions in what’s going on here,” said Mr. Larsen, who Beforehand Established two money commence-ups. “I’ve never observed something like it before.”