Binance, Huobi, OKEx Still Top Holders of Bullish Bitcoin Even as Exchanges’ Supply Drops

Dec 9, 2020

The current circulating Bitcoin supply (2.4M BTC) held in exchange wallets has reduced from 16% at the beginning of the year to 12.9%, latest data from Glassnode shows. Along with the analysis comes its finding that Coinbase (4.9%), Binance (1.6%), Huobi (1.1%) and OKEx (1.1%) remain t...

China Crypto Roundup (Nov 30- Dec 7): China’s CBDC Test in Suzhou to Involve the Fintech Arm of JD.com, China’s Authorities Cut Off Electricity Supply to Bitcoin Miners in Yunnan Province , Bitcoin Skyrocketing to Hit All-time High of Just Under $20,000

Dec 7, 2020

The top stories from the Chinese cryptocurrency sphere this past week include: China’s CBDC test in Suzhou to involve the fintech arm of JD.com, Bitcoin skyrocketing to hit all-time high of just under $20,000, China’s authorities cut off electricity supply to bitcoin miners in Yunnan ...

2020 Bitcoin ATH Unique to 2017, Tells a Different Story

Dec 3, 2020

In the last hours of November 2020, the price of Bitcoin hit a new all-time high of $19,891. It’s a slight rise from the previous record of $19,766 but it is surely an indicator of the strength the cryptocurrency space has muzzled thus far. It also tells a different story of what was the case ...

China Encourages Citizens To Embrace Blockchain But Ignore Crypto

Dec 3, 2020

In an article that was recently published on the Chinese state media Xinhuanet, citizens of the country and other inhabitants have been discouraged from taking part in cryptocurrency activities. Emphasis on this advice was pegged on the current surge that Bitcoin price is experiencing, since it...

Chinese Authorities Cut Off Electricity Supply To Bitcoin Miners In Yunnan Province

Dec 2, 2020

Bitcoin miners in China’s Yunnan province have decried yet another crackdown by government authorities targeted at their activities. This time, it is reported that electricity producers have been ordered to cut off power supply to crypto mines located in the province. Yunnan is the third la...

Over 12,549 Bitcoins Move to Binance After OKEx Resumed Withdrawal

Nov 27, 2020

Data from CoinHolmes show crypto assets from OKEx mainly flowed to Binance, Huobi, Bitfinex by 10:00 a.m. on November 27 after the exchange resumed the withdrawal. Among them, nearly $250mln worth of mainstream crypto assets flowed from OKEx to Binance, including 12549 BTC, 2953977...

OKEx to Resume Withdrawal, Will It Stop the Bitcoin Bull?

Nov 20, 2020

Cryptocurrency exchange OKEx published the announcement introducing that it’ll resume what it describes as an “unrestricted withdrawal on November 27. The native token OKU slides by 30% with the price dropped from $6.5 to even less than $5 during the 35 days after OKEx suspended th...

DeFi’s path to overtake traditional finance

Nov 17, 2020

The summer of 2020 witnessed the mania of Decentralized Finance (DeFi) which swept the crypto world with its market value once exceeding US$1 bn and hundreds of billions of digital assets involved in the financial services provided by DeFi products. As the market gradually cools down, you ...

Insight into $3bn Worth ERC-20 Debt Issued by China Construction Bank

Nov 12, 2020

China Construction Bank (CCB), one of the largest banks in China issued digital securities in Malaysia and accepted cryptocurrency purchase, which is an unprecedented pioneering step among traditional Chinese financial institutions. CCB’s action is also the first time for Chinese fu...

China Construction Bank to Sell $3bn Worth of Debt Using Blockchain

Nov 12, 2020

After spending the better half of the year heavily investing in the development of blockchain technology, China’s largest institutions seem ready to put their money where their mouth is. According to the latest report from the South China Morning Post, China Construction Bank, one of the ...