The entire crypto industry has taken a massive this month when the price of Bitcoin dropped more than 40%. And while industry experts have been debating as to who’s to blame for the market’s biggest drop in a year, many have pointed their fingers at China and the regulatory uncertainty regardi...
The police in China have apprehended a thief who hacked into the email of a Bitcoin owner and stole his funds through multiple transactions. The incident which happened in the Jiangxi province of eastern China is the latest among a couple of cryptocurrency thefts that have taken place recently...
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...
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...
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...
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 ...
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...
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...
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...
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...
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