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China Crypto Roundup (Apr. 5-Apr. 11)：Ebang Launched Digital Asset Exchange, Meitu Bought Another 175 BTC

Apr 12, 2021

1. Ebang officially launched a digital assets exchange On April 5, mining machine manufacturer Ebon International announced that its cryptocurrency exchange, EBONEX, was officially launched, allowing QFIs to register and trade. According to EBONEX's website, the exchange alre...

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Chinese Beauty App Meitu Invests $40M In Bitcoin And Ethereum

Mar 9, 2021

Many experts believe that institutional investment is and will be the biggest driving force for the crypto market. However, the latest company to follow in the footsteps of industry giants such as Tesla, MicroStrategy, and Square doesn’t come from the U.S., but rather from China. Meitu...

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500.com’s Shares Jump Following BTC.com Mining Pool Acquisition

Feb 18, 2021

Shares of Chinese lottery company 500.com Limited jumped as much as 75% in trading on Tuesday to settle at a 38.9% gain towards the end of day after it announced its acquisition of a major mining pool with links to Jihan Wu’s Bitfawn. The company, which recently disclosed its plans to go...

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China Bitcoin Dominance Drops as Revealed by Pre New Year Price Trend

Feb 9, 2021

The Chinese New Year comes up on February 12 2021, just a few days from the time of writing. Based on historic trends, participants in the Bitcoin and cryptocurrency market expected prices to drop. This has been the usual behaviour of the market around this time of the year. This time aroun...

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How Would The ‘Chinese New Year’ Affect The Price of Bitcoin?

Feb 1, 2021

The characteristic swings usually displayed by Bitcoin price is what has earned it the reputation of a very volatile asset. While a lot of people assume that high volatility of Bitcoin price makes it risky for investment, others see the price swings as opportunities to make money. Several fa...

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China Ranks High as Asia Dominates Top 20 Market Cap, Unicorns

Jan 22, 2021

As of January 12, 2021, almost half (42%) of the market cap of the top 20 token projects with headquarters is based in Asia, particularly China, new figures from crypto analytics firm Messari have shown. They include Tether, Cardano, BNB, EOS and Tron with a combined total value of $...

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More than $17.5 Billion in Cryptocurrency Moved Out of China in 2020

Jan 15, 2021

China has seen unregulated capital flight via cryptocurrency surge to $17.5 billion, a 51% increase from 2019’s $11.4 billion, according to a recent report. On January 11, China-based blockchain security firm Peckshield published its “2020 Digital Asset Anti-Money Laundry (AML) Re...

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OKEx, Huobi Dominance Shrank in 2020 as Top Exchanges 

Jan 15, 2021

They still rank as the second and third largest cryptocurrency exchanges in the world but OKEx and Huobi have seen better years than 2020 going by data from CoinGecko 2020 Yearly Cryptocurrency Report. The cryptocurrency aggregator presents data showing OKEx saw its dominance fall ...

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Crypto Scams in China Increase 4 Times Than That in Previous Year

Jan 13, 2021

Although China's regulator have tightened the supervision of cryptocurrency activities, launched investigation, tracing,bank card freezing and other actions, and have achieved initial results. However, due to the characteristics of anonymity, complexity and transnational nature of cryptocurrency,...

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Chinese KOLs Still Bullish after Market Collapsed

Jan 12, 2021

Bitcoin, whose price rose from $20000 to $40000 in 23 days, ushered in a wave of price withdrawal. On January 11, BTC's opening price fell from $39674 to $32500, a short-term price dump of 18%. The whole crypto asset market fell at the same time, and the price of mainstream assets such as ...