Bitcoin Price Could Hit $15,000 This Year

Christopher Matta, Goldman Sachs

According to my estimates, the recent tx spam on the ETH network cost up to ~$15m USD

Vitalik Buterin

Bitmain, Binance and OKEx Founders Are Richest People In China

The Hurun China Rich List 2018 released on October 10 showed that cryptocurrency giants have been included on the list for the first time. Bitmain’s founders Micree Zhan and Jihan Wu, Binance’s founder Chaopeng Zhao, and OKEx’s Star Xu got into the top rich list in China.

Micree Zhan, cofounder and technical mastermind of Bitmain ranked 95 on the list with 29.5 billion yuan (roughly US$4.3 billion) in wealth. He is one of the richest people in the crypto industry of the country.

The other 14 new faces from the blockchain industry, including 3 from Bitmain are on the list as well. Micree leads the list, another Bitmain’s cofounder Jihan Wu took 204th place with total wealth reaching 16.5 billion yuan ($2.4 billion). The report mentioned that Jihan as the latest self-made billionaire among those born after 1985.

The interesting thing the youngest man of the list also works at Bitmain even though his results is not as impressive if you will. Ge Yuesheng, the 26-year-old executive director and senior investment director of Bitmain with 3.4 billion yuan.

The founder of Binance, the world’s largest crypto exchange, Chaopeng Zhao, was ranked 230th with 15 billion yuan ($2.1 billion) in personal wealth. Star Xu, OKEx crypto exchnage founder, owns 10 billion yuan ($1.4 billion) and took the 354th spot on the list.

It is noteworthy that recently Chris Larsen, cofounder of Ripple, graced the Forbes 400 as the 383rd richest person on Earth.