Asian Tech Press (May 11) -- Bitmain co-founder Micree Zhan stepped down as executive director of the company amid accelerating cryptocurrency declines.

After stepping down, Zhan no longer has a position at Bitmain Technologies Ltd., once the biggest maker of cryptocurrency mining machines in China.

The cryptocurrency, mainly Bitcoin, is accelerating the evaporation of the world's assets, and China's former mining leader is choosing to move on at this time.