Several factors including China’s economic situation have made the Bitcoin surge different from what was the case in 2013 when the price first rose above the $1000 tag but later reversed. As a result, the rising price of Bitcoin today is not likely to suffer a similar fate. Going by its recor...
As the first day of January 2017 approaches, concerns that the yuan will likely depreciate further in the coming year because of the Chinese government’s enforced capital control may force more users seeking to move money out of the country to Bitcoin. January 1 is when the yearly $50,000 ...
Editor’s note on 9th January 2017 : The “communication gap” mentioned by Virgilio in our interview has been sadly displayed in the case where PBOC’s inquiry of China’s major exchange has been misconstrued by some western media as a “ban” on Bitcoin. For this issue, 8btc’s internat...
Bitcoin trading volume in China’s exchange platforms including BTCC, Huobi and Okcoin has accounted for more than 90% of the world’s total. It won’t be a far-stretched conclusion to say that China’s market policies, sentiments and behaviors will greatly influence the price trend of B...
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, ...
Under the guidance of government of Shenzhen, China’s first Alliance of Fintech Digital Currency and China Fintech Research institute has been initiated this month. The founding members include the first- tier financial companies like Pingan Group, China’s Merchants Bank，Dachen...
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...
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...
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...
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 ...
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