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Category Archives: Bitcoin

Local Bitcoin Mining Farm not Involved in Bitcoin Trading

Sep 21, 2017

Red Li

A NY Times report on Bitmain’s mining farm in Inner Mongolia was reposted by Chinese mainstream media when the countries authorities are squeezing out the living space of Bitcoin exchanges. Will Bitcoin mining farm be the next target? Such pubic exposure is the last thing that the min...

Will Bitcoin Mining Farm in China be Closed?

Sep 18, 2017

Red Li

Pictures of "Technical Preplan on Blocking Bitcoin overseas Transaction" were circulated in Wechat group and later posted on weibo around 18pm 16 September. The document describes the preplan of blocking bitcoin exchanges and Bitcoin blockchain data-syncing, along with a list of overseas e...

OKCoin CEO: Innovation Doesn’t Evolve In a Straight Line

Sep 14, 2017

Red Li

Tencent Technology reports that the authority decides to shut down all Bitcoin exchanges that register in mainland China. Star Xu, CEO of OKCoin, comforts the staff that the Company is actively seeking non-fiat business and application for license in Japan, Korea and USA is ongoing...