First ASX-listed bitcoin company dumps ‘mining’ for ...

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According to Executive Chairman Zhenya Tsvetnenko, Digital CC (formerly named DigitalBTC), the first bitcoin miner to be publicly listed in the world, has shifted away from its original business model as a bitcoin miner because the company was losing money. The company will instead look to use the bitcoin blockchain technology as an inexpensive method of money transfer for The firm bought a $500,000 “bitcoin mining contract” on 30th November through a joint venture it owns with Zhenya Tsvetnenko. According to SmartTrans, the contract had already generated about ... Perth-based financial planner David Pettit has teamed up with well-known Australian bitcoin entrepreneur Zhenya Tsvetnenko to fund and develop a new robo-advice platform that will advise users how ... Executive chairman and BRW Young Rich lister Zhenya Tsvetnenko said a decision was made to shift from the original business – which involved solving complex algorithms with powerful computers to verify bitcoin transactions, known as mining – because the company was losing money. This is somewhat ironic for the company, which was known first as DigitalBTC, given it listed on the Australian ... Tech entrepreneur Zhenya Tsvetnenko says the future of Bitcoin is stable, with collapse of Mt Gox, the world's largest Bitcoin exchange, giving his company an example of what not to do.

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Bitcoin Bip 91 Has Officially Locked In. Multiple Bitcoin ...

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