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Former Chief Engineer of SSE: FCoin’s “Trading is Mining ” Model is Just A Promotion Gimmick

Jul 9, 2018

FCoin, a newly established China-based exchange launched in May, has went popular with its new “trans-fee mining” revenue model. However, this business model is seen as controversial by majority of the industrial insiders. Founded by Zhang Jian, former CTO of Huobi, FCoin claims ...

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From Investor to Philosopher, Jeffrey Wernick Believes Everybody Should be a Fan of Satoshi（Part 1）

Jul 9, 2018

Warning: it’s a super long article, get ready to become one of the few philosophers in the crypto world! As an experienced investor, Jeffrey wernick invested in Uber and Airbnb, but now he got a new role as a bitcoin evangelist. At the “World Blockchain Conference”, 8btc got a chance ...

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From Investor to Philosopher, Jeffrey Wernick Believes Everybody Should be a Fan of Satoshi（Part 2）

Jul 9, 2018

Warning: it’s a super long article, get ready to become one of the few philosophers in the crypto world! As an experienced investor, Jeffrey wernick invested in Uber and Airbnb, but now he got a new role as a bitcoin evangelist. At the “World Blockchain Conference”, 8btc got a chance ...

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Is It Illegal for Chinese to Buy Bitcoin Overseas?

Jul 9, 2018

China has early taken the stance that bitcoin-like cryptocurrency is not a currency, ICOs and cryptocurrency transactions are banned by the country’s central bank. While bitcoin is not illegal in the country. Considering the crackdown on ICOs and cryptocurrency trading in the country, s...

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Bitcoin Represents A New Form of ‘Centralization’, Says China’s IT Ministry Official

Jul 9, 2018

Although the nascent blockchain technology is growing in popularity in China, decentralization, blockchain’s hallmark, is considered as a taboo concept in this country as senior government officials always avoid mentioning the decentralized model that many blockchain-powered projects embrace in p...

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Binance’s CEO Zhao Changpeng Eyes a $1 Billion Net Profit in 2018

Jul 9, 2018

Although cryptocurrency crash causes billions of dollars losses in the market this year, Zhao Changpeng, CEO of Binance, the world’s leading cryptocurrency exchange, is still quite optimistic about the crypto market and said that Binance is expecting a net profit of $500 million to $1 billi...

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Bitcoin Mining Crisis in China Reveals Need for Universal Node Access

Jul 9, 2018

This a guest post by Ryle Goehausen, VP of Engineering at Constellation Labs Following a flood this week in the Chinese province of Sichuan, the so-called “bitcoin mining capital of China”, crypto trade outlets around the world began reporting that the resulting destruction of thous...

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Despite Odds, Experts Talk Of A $20,000 Bitcoin Price In Six Months

Jul 9, 2018

The cryptomarket cannot be said to have overcome its bearish trend and the space is still reeling in the unfortunate claim by Chinese billionaire, Li Xiaolai, that some big names in China’s cryptocurrency space are scammers. However, two market experts have maintained their reasons for Bitco...

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Analysts Claim Sichuan Floods Led Bitcoin Hashrate to Drop, Highly Unlikely

Jul 9, 2018

Strong storms and heavy rain in the Chinese province of Sichuan have led investors in the cryptocurrency market to speculate its possible impact on the hashrate of bitcoin. This week, in an interview with FT, social trading platform Carboneum CEO Max Kortrakul said: “The pictures...

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India’s Ban on Crypto Trading Will Backfire, Black Markets Will Prosper

Jul 8, 2018

Local banks in India were requested by the country’s Supreme Court to halt providing services to crypto exchanges and businesses, effectively preventing local crypto trading platforms from supporting fiat-to-bitcoin trades. The abrupt and unforeseen ban on banks dealing with digital assets ...