Chinese police have taken down Plustoken, a major multinational pyramid scheme using cryptocurrencies. Since June 27, 2019, the participants of the $6 billion scam have been waiting for the withdrawal. Some of them even have accepted the collapse of the Ponzi scheme and only hope that the hand...
The Chinese cryptocurrency sphere this past week has been bustling with noise and excitement as the market improved. Bitcoin bull hit financial news headlines with the topic viewed 100 million times on Weibo. The notorious Plustoken Ponzi scheme was taken down by Chinese police with 109 peop...
China will step up the protection of digital currency and online virtual assets, said China’s Supreme People’s Court (SPC) and the National Development and Reform Commission (NDRC). The highest judicial organ SPC, jointly with the top economic planner NDRC of the country...
In this past week, our reporter has paid a visit to bitcoin mining farms in Sichuan province, which is home to some of the largest cryptocurrency mining operations in the world, in an effort to unveil the mining empire hidden in the deep mountains of the “world’s mining capital” during the rain...
8btc went for a field trip to China’s Sichuan province, which is home to some of the largest crypto mining operations in the world. 8btc launched a picture & text live broadcast to discover the mining empire hidden in the mountains. Sichuan is rich in rivers and waters. In the eyes of or...
Cryptocurrency exchanges have seen 147,000 BTC from high-risk addresses flow into their platforms in the past six months, according to a study released by Chinese crypto analytics firm PeckShield. As per the PeckShield research focusing on Anti-Money Laundering (AML), as of June...
In this past week, Chinese firm Ebang become the second bitcoin miner manufacturer to go public in the U.S., internal struggle at Bitmain came to a temporary compromise, China’s national blockchain service network (BSN) integrates Chainlink’s Oracle functionality, and more headlined ne...
The three top stories from the Chinese cryptocurrency sphere this past week includes: a Chinese blockchain security firm identified the sender of the absurdly high-fee Ethereum transactions; mudslides coming along with the rainy season swallowed bitcoin mining farms in Sichuan; Ebang’s U.S....
Of the estimated tens of millions of people who hold Bitcoin and over five million users visiting exchanges weekly, 2020 has so far shown that approximately 340,000 of them are active weekly Bitcoin traders, according to on-chain data from Chainalysis. As of June 2020, the analytics fir...
With the eyes of the world pointed at Bitcoin’s price movements, many forget that there’s an entire, multi-billion dollar industry powering the world’s largest cryptocurrency quietly operating in the shadows—ASIC manufacturing. Those in the business of producing Bitcoin mining hardwar...
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