Read More

Mineable Coins are Rock Stars for Emerging Crypto Exchange in China

Aug 12, 2019

Since the second half of 2019, "hundreds-fold coin" has been closely linked with "mineable coin". Mineable coins now are popular in emerging crypto exchange in China. As the second quarter of 2019 marks an end, statistics show that mineable crypto assets are the most valued digital currencies...

Read More

China’s State Cryptocurrency Coming Soon, Featuring Two-Layer Structure

Aug 11, 2019

China is about to roll out its central bank digital currency (CBDC), which features two-layer operation mechanism, with China’s central bank – PBoC - running the top layer and business institutions composing the second layer, said Mu ChangChun, deputy chief at the Payment and Settlem...

Read More

New Tech to Make Individual Crypto Transactions KYC-Compliant From Wallets

Aug 10, 2019

If more exchanges adopt a new technology that makes the know your customer (KYC) process to be embedded in each users' wallet, then the days of questioning whether Virtual Asset Service Providers (VASPs) are KYC/AML compliant may be over soon. The technology, which could also ...

Read More

Bitcoin Over Two-Third of Crypto Market, Altcoins Shrink to New Low

Aug 9, 2019

As debates continue to sprout on its capability as a safe haven, Bitcoin's rising dominance of the crypto market is becoming a cause for concern for many altcoins whose share continue to dwindle. As at this writing, Coinmarketcap data shows Bitcoin is at 69.2% of the $305 bln-worth market fo...

Read More

GGT, A Crypto Ponzi Scheme Went Bust in China

Aug 8, 2019

GGT, a crypto Ponzi scheme went bust in China after converting USDT assets deposited in its crypto wallet ‘G-Wallet’ to GGT without being approved by investors. GGT's price in the secondary market has long been unsatisfactory before it went bust. After the "mandatory exchange"...

Read More

Coinbase Has to Litigate Suit Over BCH Listing in Court, Judge Rules

Aug 8, 2019

At the end of 2017, Coinbase bungled its listing of bitcoin cash (BCH), and now a California judge is telling the company that it must reckon with this decision in court. The news is the latest in a 2018 class-action lawsuit filed against Coinbase by a customer which includes allegation...

Read More

Top Crypto Exchanges’ KYC Data is Suspected to be Leaked on Large Scale

Aug 7, 2019

A large number of crypto exchange users of Binance and Huobi claim that they have recently been bombarded with calls from unknown numbers claiming to be the customer service of these crypto exchanges and inviting them to some chat groups where some unreliable exchanges and shitcoins are promoted....

Read More

UN: North Korea Funds Weapons Program Through Crypto Hacks

Aug 7, 2019

The United Nations has claimed that the government of North Korea has managed to drum up some $2 billion for its missile and nuclear weapon programs, using only a series of advanced cyberattacks that regularly targeted crypto asset exchanges. According to a Reuters report on August 5, 2...

Read More

Bitcoin Price Surge: Maybe Not Trade War But Whales

Aug 6, 2019

The impact of the superfluous trade war between the US and China may be widening on a scale that is seeing investment diversified into global assets but it may not be responsible for the surge in Bitcoin price, a crypto insider said. Amidst the rising tension between the two largest economi...

Read More

Bitcoin Climbs above $12,000 amid Escalating U.S.-China Trade Tensions, Displaying Attributes of Safe Haven Asset

Aug 6, 2019

Bitcoin has rebounded from weeks’ weakness with a gain of over $1,300 since Monday August 5, and it continues the upward trend. Almost at the same time on the morning of August 5, the Chinese yuan broke below a psychological 7 to the U.S. dollar, an 11-year low. The movement of the two,...