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Category Archives: Bitcoin

7000 BTC Loss in Bitcoin Exchange Scam in Hangzhou

May 22, 2019

Vincent He

Nearly 100 victims from various parts of the country reported to the Hangzhou police bureau, claiming that they were deceived by two young man named Zhou Yi and Li Xiang, who cheated nearly 7000 bitcoins by exchanging or borrowing bitcoins . Zhou Yi and Li Xiang had previously claimed o...

Tether Partly Backed by Bitcoin, Court Transcription Reveals

May 22, 2019

Bitcoin Magazine

Tether, a stablecoin tied to the dollar that is meant to mediate the volatility of other cryptocurrencies, is partly backed by bitcoin. As detailed in court documents obtained by The Block, Tether admitted to using some of the cash reserves meant to back its stablecoin to purchase bitcoi...

Five Factors Behind the Ethereum Soaring Price

May 17, 2019

Vincent He

Ethereum just rose above $260, a increase of over 50% in the week and more than three times its December 2018 low of $82. From the perspective of market turnover and rising momentum, Ethereum almost completely restored to its October 2018 level. In fact, Ethereum is still the preferred public...

NEO Surges 15% After $100mln Funding Announcement

May 15, 2019

Olusegun Ogundeji

The founder of NEO has disclosed that a $100 mln funding is to be injected into the decentralized app (dApp) platform's ecosystem. Da Hongfei made the disclosure on Tuesday May 14 while presenting at the ongoing annual gathering of the cryptocurrency and blockchain technology world, Consen...

Bitcoin Breaks $8,000, 4 Factors Behind the Rally

May 14, 2019

lylian Teng

Bitcoin price has broken $8,000 for the first time since July 2018, with most cryptocurrencies trading in the green. The rally has sent bitcoin top the Baidu hot searches (Google Trends equivalent in China) on May 14. As of press time, Bitcoin is trading around $8,135, up over 1...