China Crypto Roundup (Apr. 12-Apr. 18)：China Bought Most DOGE, Bitcoin Computing Power Plummeting

Apr 19, 2021

1. Canaan shares plunged 29%! Last year, it had revenue of $450 million and a net loss of $220 million On April 13, Canaan Technologies (NASDAQ: CAN), the first stock of bitcoin miners, released unaudited financial results for the fourth quarter and full year of 2020. According...

China Crypto Roundup (Apr. 5-Apr. 11)：Ebang Launched Digital Asset Exchange, Meitu Bought Another 175 BTC

Apr 12, 2021

1. Ebang officially launched a digital assets exchange On April 5, mining machine manufacturer Ebon International announced that its cryptocurrency exchange, EBONEX, was officially launched, allowing QFIs to register and trade. According to EBONEX's website, the exchange alre...

China Crypto Roundup (Mar. 15-Mar. 21)：Hong Kong Test Digital RMB, Ebang Launched 6nm ASIC Chip

Mar 22, 2021

1. HKMA: We are working with the Digital Currency Institute of the People's Bank of China to test the digital RMB On March 15, Hong Kong Monetary Authority (HKMA) JP Eddie YUE said that they were working with the People's Bank of China (PBOC) Digital Currenc...

China’s SOS Targets 41 BTC, 909 ETH in Q1 ‘21 While Battling to Save Brand

Mar 17, 2021

SOS Limited has Monday March 15 announced its installation of a second fleet of 5,000 cryptocurrency mining rigs in what seems like another move to assure the credibility of its brand following a scathing allegation of fraud on its crypto mining operation. Short-sellers Hindenburg Research ...

China Crypto Roundup (Mar. 8-Mar. 14)：Meitu Bought 260M Yuan BTC and ETH, Digital RMB Pilot Became a Hot Topic at NPC&CPPCC

Mar 15, 2021

1. Meitu spent 260 million yuan to buy Bitcoin and Ethereum On March 8, Well-known beauty camera app Meitu's parent company, the Hong Kong-listed Meitu Company, became a trending topic on Weibo after it announced to great fanfare that it had bought $40 million, or about 260 million yu...

China Crypto Roundup (Feb.15-Feb.21): Several Listed Companies Increased Investment in Mining, Well-known Investor Bought Bitcoin ETF

Feb 22, 2021

1. 500.com announced acquisition of Bitmain's spin-off BTC.com mining pool On February 16, 500.com announced that it would acquire BTC.com mining pool, which Wu Jihan spin-off from Bitmain, for about 10% of the shares, including the entire mining pool business of BTC.com, the BTC...

China Bitcoin Dominance Drops as Revealed by Pre New Year Price Trend

Feb 9, 2021

The Chinese New Year comes up on February 12 2021, just a few days from the time of writing. Based on historic trends, participants in the Bitcoin and cryptocurrency market expected prices to drop. This has been the usual behaviour of the market around this time of the year. This time aroun...

China Crypto Roundup (Feb.1-Feb.7): Cryptocurrency Investments Facing New Problems, Digital RMB Getting New Progress

Feb 8, 2021

1. Multiple cases banning cryptocurrencies from settling with RMB will make it harder to recoup investment losses Chinese courts have not denied that bitcoin is property, but exchange and settlement between virtual and fiat currencies, which are prohibited by the policy. It began to be enfo...

More Miners on Order as Data Again Suggests Less Concentrated Bitcoin Ownership 

Feb 3, 2021

A top online sports lottery service provider in China which recently agreed to accept Bitcoin or USD for the issuance and sales of its company’s newly-issued Class A ordinary shares has hinted on its developing blockchain-related business with a planned purchase of up to 15,900 Bitcoin min...

How Would The ‘Chinese New Year’ Affect The Price of Bitcoin?

Feb 1, 2021

The characteristic swings usually displayed by Bitcoin price is what has earned it the reputation of a very volatile asset. While a lot of people assume that high volatility of Bitcoin price makes it risky for investment, others see the price swings as opportunities to make money. Several fa...