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Bitmain Appoints New Legal Representative and General Manager
The new GM is a loyal ally to co-founder Zhan Ketuan, who will remain company chairman.
Updated May 11, 2023, 3:58 p.m. Published Nov 1, 2021, 5:47 a.m. 1 min read
Crypto mining rig maker Bitmain appointed Zhou Feng as its legal representative and general manager, the company said in a WeChat post.
- Zhou was a key deputy to Bitmain co-founder Zhan during a battle for control of the world’s biggest crypto mining machine manufacturer involving Zhan and co-founder Wu Jihan. Zhan will continue to serve as Bitmain’s chairman.
- Zhou’s rich experience in supply chain management will “surely write a more brilliant new chapter,” the WeChat post said.
- The news was announced at an Oct. 28 staff meeting to celebrate the company’s eighth anniversary. At the meeting, Bitmain also gave the “Same Boat Award” to employees who have been with the company for over five years.
- Legal representatives are the cornerstone of Chinese corporate authority as they are entitled to act on the company’s behalf.
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USAT's market cap jumped above $140 million in April, though it remains well behind Circle's USDC, PayPal's PYUSD and Ripple's RLUSD tokens.
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- Tether’s U.S.-focused stablecoin USAT grew more than sixfold in April to $140.8 million, the token's latest reserve report shows.
- Tether USAT's chief executive said the surge reflects growing institutional use for treasury management, settlements and regulated dollar liquidity.
- Launched in January, USAT remains far smaller than its rivals targeting U.S....
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