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Category Archives: Bitcoin

A 1.5 million answer to a junior student in 2011

Dec 27, 2016

Red Li

A junior student posted a question five years ago asking for advice for investment with his 6,000 yuan in hand. Someone named "blockchain" suggested that he should buy some bitcoin. It turns out that the answer would be worth 1.5 million RMB today. I am a junior student and have 6,000 yuan, ...

What Drives the Recent Bitcoin Price Surge?

Dec 24, 2016

chris zhou

Bitcoin price has become the limelight in for all Chinese financial media(see article)  in the past week as it has surged to over RMB 6400 (around 920 USD), according to OKcoin, a Chinese bitcoin trading platform. Bitcoin has actually been up by 91% from January 2016 to now. The price...

Chinese factors behind the 14 billion marketcap of Bitcoin

Dec 23, 2016

Red Li

The $14 billion marketcap of Bitcoin is a good story for mainstream media. And the Chinese media did release stories as expected. But is the market really driven by Chinese capital market demand or it is just another bubble? You will see the real driving force at the end of this story. Ma...

Bitcoin ATMs still low in Asia

Dec 21, 2016

Olusegun Ogundeji

Despite the large concentration of Bitcoin-related activities in Asia - particularly China - the number of Bitcoin ATMs is one of the lowest going by figures from CoinATMRadar. According to the site which provides information regarding Bitcoin ATM locations worldwide to make th...

Be Firmly and Openly against SegeWit and Lightning

Dec 19, 2016

blocksize

Why are different mailboxes  able to send emails to each other? Why aren't messaging apps able to send messages to each other? If you are a key stakeholder of Bitcoin, will you agree to establish a protocol for Bitcoin and Ethereum to make transferring coins from Ethereum to Bitocoin ...

Chinese stock market may push Bitcoin further till January

Dec 14, 2016

Olusegun Ogundeji

Another stumble in the Chinese stock market has coincided with a slight rise in the price of Bitcoin suggesting a correlation which is likely to continue until January.  While the stock dropped to a six-month low, Bitcoin reaches multi-year high to hit $788 on Tuesday December 13 accordi...