Despite a dwindling share of global cryptocurrency activity over the last 12 months, East Asia - led by China - remains the world’s largest cryptocurrency market by transaction volume, a latest Chainalysis preview of its Geography of Cryptocurrency Report has hinted. The research firm also...
The total computing power of the Bitcoin network took a massive hit this week when heavy rainfall in China’s Sichuan province forced many mining farms in the region to shut down. China’s southwestern province has been a hotspot for Bitcoin mining in the past several years, mostly thanks to t...
Growing confidence in digital assets tops the macro trends cited by insiders as influencing the current upward movement of the world’s largest cryptocurrency. Though with a slight retrace as at this writing, Bitcoin zoomed past the $12,000 price tag on Monday Aug. 16 to touch a year high (si...
Most decentralized finance (DeFi) related developments may be taking place outside of China but initiatives coming from Chinese projects like OKEx and Ontology continue to support the growth of the protocol. The DeFi concept seeks to enable crypto businesses and platforms recreate t...
Bitcoin sentiment has dropped to “Greedy” on the Fear & Greed index in the first week of August after having stayed in the “Extreme Greed” area the previous week. Latest market report from Arcane Research shows that institutional demand for Bitcoin exposure has risen after B...
Li Shufei, also known as Chris Lee, has just left his roles as executive director and CFO of crypto exchange Huobi due to his desire to start his own business, announced the company on August 10. Chris Lee joined Huobi in May 2018 after resigning from his former post as CEO of riv...
It seems that the Bitcoin Cash (BCH) community disagreement is leading up to another BCH fork. “BCH has long suffered from ABC and needs to change.” Said Haipo Yang, founder of crypto mining pool ViaBTC and Bitcoin Cash (BCH)-based crypto exchange CoinEx. On Au...
In the past two weeks, the price of Ethereum has pumped by 78%, in addition to the currency price, Ethereum's trading volume and number of active addresses boom as well. DeFi has become the key to support the rejuvenation of Ethereum. The decentralized consensus mechanism and perfect infra...
Over the past two days, cryptocurrency prices have been rising in rotation, and market participants believe that a bull market is coming. But apart from the soared price, what about the various data of bitcoin? Today, we will take a look at the fundamentals of bitcoin from three dimensions: minin...
In his latest essay, Wang Yongli, former vice president of China’s central bank PBOC, believes that the possible choices for the construction of a new digital currency system are as follows: “The digital currency platform built by central bank, which is open to the whole society (open so...
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