Chinese Investors Return to Bitcoin with Yuan Being Second Entry Fiat Currency

Mar 19, 2019

The cryptocurrency market has seen a surge of capital in Chinese yuan (CNY) inflow, making the currency in the top entry fiat currencies close behind U.S. dollar in the past 24 hours. Data from Coinlib shows that $161.7 million worth of Chinese yuan pour into the bitcoin market, followe...

Chinese Players Absent in Lightning Network – Here’s Why

Mar 14, 2019

Mar 9, China-based digital wallet operator Hoo.com has launched a lightning network (LN) wallet. It is also the first Bitcoin lightning network wallet application in China. This initiative triggers the thinking of why the LN applications are so rare in China. According to the 1M...

OKEx Set to Release Token Launch Platform OK Jumpstart Competing Binance and Huobi

Mar 12, 2019

OKEx, one of the world’s leading cryptocurrency exchange by trading volume, is preparing a platform called OK Jumpstart for new token listing, according to the exchange’s CEO. The token Launchpad will enable new projects to sell their tokens directly to OKEx users without going th...

A Chinese Village Claims to be First Crypto Culture Village with Bitcoin Carved on Guardrail

Mar 7, 2019

Yuedong, a mountain village in Wenzhou, Zhejiang of eastern China, has proclaimed itself to be the “world’s first blockchain industrial village”, where about 60% of the villagers there know what cryptocurrency is and even have invested in cryptos. The village has gained exposure recently ...

1 Million Mining Machines in Sichuan Will Run Again in May, Bitcoin Hashrate Boom?

Mar 1, 2019

“Large amount of bitcoin mining machines shut down during Sichuan’s dry season will start running again in the upcoming wet season. The number is expected to reach 1 million.” A miner named Xu Feng said. Xu has been a mining farm operator for over 5 years in Sichuan. Last October, Xu ...

How Rising Stablecoins Use Can Impact Bitcoin, Ethereum

Mar 1, 2019

Bitcoin’s volatility is “a feature and not a bug” that could make stablecoins' use rise in the long term, a new report by all-in-one crypto company, Blockchain, posited. The projected rise would impact top cryptocurrencies like Bitcoin and Ethereum in some ways, it suggests. Known for th...

Bitcoin Whales Accumulated 97,456 BTC in the Last 30 Days

Feb 26, 2019

The long bearish trend has continued into 2019 in the crypto market, but interestingly, the large holders, so-called the ‘whales’ seems awake in the early spring and trying to take full advantage of extremely low price. Bitcoin (BTC) whales have accumulated their holdings in every large d...

Crypto Market Sees Sharp Reversal, Rally In Chinese Stocks Be the Reason?

Feb 25, 2019

The crypto market has seen another red chaos over the past weekend. The world’s largest cryptocurrency bitcoin first saw a climb above the $4,200 mark on Sunday Feb.24, but fell back under $3,900 later at night, with the abrupt downward movement occurring in half an hour. Bitcoin was tr...

Low SegWit Adoption Fear as Bitcoin Transactions Rise Again

Feb 23, 2019

Bitcoin transactions per second is rising again. According to Blockchain.com, the highest transactions on Bitcoin network has ever reached 4.7 txs p/s in Dec. 2017. However, this week, it recorded 3.87 txs p/s (Feb.20), a far cry from the 2.2 txs p/s it had in Feb. 2018 since when the crypto...

Chinese Online Celebrity Introducing Bitcoin Gets Over 500K Viewership

Feb 20, 2019

A short video of a high-school teacher introducing bitcoin and blockchain has become one of the top topics on social networks in China these days, with many bitcoin KOLs (Key Opinion Leaders) commenting and retweeting. In the 15-minute long video, a dour man dressed in a blue shirt with...