Bitmain Shuts Down Research and Development Center in Israel

The ongoing bear market has caused another cryptocurrency company to downsize its operations. Bitmain, the Beijing-headquartered bitcoin mining technology giant, has now begun shutting down its research and development center in Ra’anana, Israel.

Also Read: Former Israeli Prime Minister Calls Cryptocurrencies a ‘Ponzi Scheme

Bitmaintech Israel Closes Down

According to reports from Israel, Bitmain’s research and development center in the country will be shut down this week. A total...

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