Bitmain Co-Founder Jihan Wu Is Heading to Moscow After New York Consensus Event


Bitmain Co-Founder Jihan Wu Is Heading to Moscow After New York Consensus Event
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Jihan Wu, the former CEO of mining juggernaut Bitmain, will visit Moscow in order take part in The Way Summit on May 18, a local industry outlet reports. Notably, he is heading to Russia right after Consensus, the main crypto event of the year that will take place in New York on May 13-15.

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A high-profile cryptocurrency event   

Bitmain, the biggest mining company, opened its office in Russia back in 2018. Now, the Beijing-based behemoth continues to focus on one of the biggest cryptocurrency markets in the world.

During the upcoming speech, Wu will touch upon the centralization issue that remains a hot topic in the Blockchain community. Bitmain faces a lot of criticism due to its near-monopoly status in the crypto mining industry.

Other notable speakers that will appear in Vegas City Hall include ‘Bitcoin Jesus’ Roger Ver and Accenture's Mike Spellacy.  

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Russia bets big on Blockchain

Blockchain and cryptocurrencies are riding a new wave of interest in Russia. Vladimir Mau, the Russian economist who has been a member of Gazprom’s Board of Directors since 2011, recently said that cryptocurrencies do have a future. Shortly after that, Gazprom CEO Alexey Miller discussed the potential of Blockchain with Russian Prime Minister Dmitry Medvedev.

On Apr. 3, Miller announced that the state-owned gas giant could soon start utilizing the disruptive DLT technology in order to execute business contracts and keep track of them.

Cover image via www.forbes.com
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