First, mining giant Bitmain announced details of its planned initial public offering in Hong Kong. Now the company has announced it is buying the open-source bitcoin cash (BCH) wallet Telescope.

Considering bitcoin cash has been outperforming other major cryptocurrencies of late, the timing is good.

Nishant Sharma, head of international press relations and communications at Bitmain, said in a press release that Telescope, which was launched earlier this year and can be used on Google Chrome and Mozilla Firefox browsers, brings a “simple but key innovation” to the bitcoin cash ecosystem.

Bitmain holds nearly 6 percent of the total bitcoin cash in existence, according to CoinDesk. Read more here.

ThirtyK Staff
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