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Confession of an ICO Investment Banker: Feel Guilty and Will Quit Soon

Apr 21, 2018

It was reported that an ICO project needs to pay 10-30 per cent of the raised fund to investment banking teams for their services on fundraising advice and solutions. The charge for an ICO project is mainly determined by the operating difficulty in refining the business plan and market cap m...

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Bitcoin Tycoon Li Xiaolai: China Will Become the Largest Market for Blockchain

Apr 20, 2018

Li Xiaolai, a notable blockchain investor and bitcoin tycoon in China, recently has been appointed a manager of a $1.6 billion government-backed blockchain fund, dubbed “Xiong’An Global Blockchain Innovation Fund”. And in Wednesday evening, Li said in an interviewed with former Senio...

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China Is Outraged Over An 86 Million CNY Crypto Pyramid Scheme

Apr 19, 2018

On the evening of April 17, Police in China’s northwestern city of Xi’An have arrested the mastermind and nine accomplices of an extremely large cryptocurrency pyramid scheme, in which 13,000 investors were reportedly swindled out of 86 million Chinese yuan ($ 13.7 million). It is the ...

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Didi Chuxing’s Former Security Cheif has Joined Crypto Exchange Huobi

Apr 18, 2018

Although there are still heated debates over blockchain and cryptocurrency, a serious shortage of hire-able talented executive has clearly exist in this industry. More and more blockchain startups and exchanges join in the war for talent. April 17, Wu Shupeng, the former chief security advis...

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Bitcoin Soared Over $1000 In an Hour, Bitfinex Helped Fuel the Rally?

Apr 17, 2018

Bitcoin skyrocketed on the evening of April 12 (UTC/GMT+08:00), surging over $1,000 in less than 60 minutes and leaping from a low of $6,786 to $8,100 per coin. Stimulated by the No.1 digital currency’s sudden jump, the rest of the cryptocurrency market also witnessed a strong rebound wi...

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Chinese Celebrity Bullish On Bitcoin in Talk Show With Over 4 Million Viewership

Apr 16, 2018

“I cannot figure out why so many people are mean to virtual currency, (after all) currencies at the very beginning are virtual.” Said Gao Xiaosong in the latest episode of Xiaoshuo (literally Morning Call), a Chinese version of Conan O’Brien’s Tonight Show, and it even might remind ...

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Warning: Cryptocurrency Pyramid Scheme Explodes in Chinese Social Media

Apr 16, 2018

Cryptocurrencies become the hottest financial products as the spectacular increase (and drops) in value. While a brand-new asset could quickly produce a ton of wealth and spawned claims about massive technological, financial and social disruption, a lot of questionable investments and shady behavi...

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China’s Official People’s Daily Claims It’s Difficult To Impose A Complete Ban On Cryptocurrencies

Apr 16, 2018

Note: China's official People's Daily newspaper released an article today titled Digital Currency’s Ideal and Reality , highlighting that it is difficult to impose a complete ban on cryptocurrencies and the digital currency is a valuable experiment.The article’ s author, Yang Tao, is ...

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Taiwanese Bitcoin Investor Wrathfully Fired 7 Shots After Losing 10 Million CNY

Apr 16, 2018

Taipei – Taiwan police have arrested four men over a shooting case in which the suspect attempted to shoot his business partner for his failure in bitcoin investment and thus losing 10 million RMB (US$1,593,295). Luckily the victim surnamed Wu was only shot at the foot with non-life-th...

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Chinese ICOs In Cayman Seeks Overseas Fundraising, New Chance Or New Scam?

Apr 13, 2018

More and more Chinese ICO projects are seeking fundraising overseas as prohibitive regulations over bitcoin and ICOs tightens in the country. To bypass strict control, these ICO projects have rejected direct private funding from Chinese individual investors, and turned to offshore foun...