Note: author of this op-ed is Shiliang Huang. He is an opinion leader in the Chinese bitcoin circle. According to the official statistics, the average annual income of Chinese is 62,029 yuan, or ~5170 a month. Chapter 0 Introduction In the last three months, the price of Bitcoin...
Note: Zhang Hucheng, president of Beijing Youchoose Wealth Management Ltd., is the host of Hucheng Lunjin, a talk show focusing on finance and economics. As a young entrepreneur, he was selected as China Economic Person of the Year in 2014 by Xinhua net. He talks about three worst p...
It’s almost one month now since the Big Three bitcoin exchanges announced the halting of bitcoin withdrawal announced on 9th Feb. Investors have been anxiously waiting for any update from the exchange. Suspension of bitcoin withdrawal is not direct order from regulators, but more as a sign of...
Chen Man, who has been put into jail for 23 years until this month because of a wrongful conviction of a murder and arson case, has been in the spotlight again as his national compensation of 1m RMB has been swindled in his Onecard investment. What happened to Chen has triggered heated discu...
To update Segregated Witness issue via soft-fork is quite contentious both for SegWit and for soft fork (some people think hard-fork is needed for SegWit’s update). Now let’s see the issue from technology angle to make a judgement on which one is right. Hard/soft fork issue concerns de...
People’s net, an A share company and the online platform of People’s Daily, the state-run media, published an article reminding Bitcoin investors that they shouldn’t take it for granted that Bitcoin will be recognized by the government naturally. Here is the article's translation: I...
To answer the question, the deputy President of OKcoin has given his answer. The following is his answer. The point that it is problem and danger that more than 51% of hash power is confined to China is just not correct. 70% concentration of hash power in China does not necessarily ...
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...
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...
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...
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