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Category Archives: Bitcoin

Sosobtc adopts Bitfinex price amid market confusion

Feb 17, 2017

Red Li

Earlier today, sosobtc, one of the most popular price watch app in China, announced on weibo that the default CNY price would be based on Bitfinex price due to “Variance of bitcoin price between domestic exchanges and foreign exchanges” The move sheds light on providing a more reliable b...

Chinese bitcoin traders lost track of authentic price

Feb 14, 2017

Red Li

As the latest response to the regulatory pressure, Haobtc plans to remove “trading” feature and shutdown of CNY deposit on Monday. Bitkan also chose to stay low by suspending verification of new OTC traders. Chinese traders are seeking genuine bitcoin trade price. Haobtc released a st...

Op-ed:There is no “proper” price for bitcoin

Feb 4, 2017

Red Li

Most people didn’t buy in bitcoin as the price is not “right” or in other words, too expensive. However, there will be no “proper” price for bitcoin. Lao Mao , COO of Yunbi, released an op-ed article, expressing his views on bitcoin and rebutting some general conceptions among the publi...

What a Trump presidency may bring for China’s Bitcoin

Jan 21, 2017

Olusegun Ogundeji

Bitcoin’s growth rate will henceforth be somewhat affected by the outcome of two key events -- Donald Trump’s inauguration in the U.S. and the PBoC’s release of its report on its investigation into the three key exchanges in China. Starting from late last year, there have been predi...

Can Bitcoin transactions in Japan reach China’s level?

Jan 19, 2017

Olusegun Ogundeji

According to Kawabata Kagayaki, the Business Development Lead of Coincheck, Japan’s leading Bitcoin and cryptocurrency exchange, it is possible at some point for Japan's Bitcoin transaction volume to reach the same level as it is being recorded in China presently. In an email,  ...

Automated, High-Speed Chinese Traders Dominate Bitcoin Trading

Jan 17, 2017

8BTCNews

Professional traders using high-speed, automated trading are now responsible for 80% of bitcoin trading, according to Bloomberg. Bitcoin offers arbitrage opportunities across different exchanges, zero transaction costs on the Chinese venues hosting most of the activity, round-the-clock trading, ...