China Crypto Roundup (Sept 7- Sept 14): ETH Withdrawal Frenzy in China as DEX Mining Runs Rampant, Bitcoin Miners in Short Supply in China, China’s BSN in Line With Open Finance Concept

Sep 14, 2020

The top stories from the Chinese cryptocurrency sphere this past week includes: ETH stocks in centralized exchanges are declining rapidly as DEX mining runs rampant, Bitcoin miners in short supply as Chinese manufacturers’ capacity inadequate, China’s BSN, digital silk road in line w...

East Asia, China Crucial to Global Cryptocurrency Economy

Aug 21, 2020

Despite a dwindling share of global cryptocurrency activity over the last 12 months, East Asia - led by China - remains the world’s largest cryptocurrency market by transaction volume, a latest Chainalysis preview of its Geography of Cryptocurrency Report has hinted. The research firm also...

Hurun Report: 11 Blockchain Unicorns, Bitmain the Biggest Loser

Aug 4, 2020

The number of blockchain unicorns this year seems to fail to swell higher from last year as most industry watchers expect, according to the Hurun Global Unicorn Index 2020. Research firm Hurun published its second-year list of global unicorns for 2020 on Tuesday August 4, ranking the wor...

China Crypto Roundup (July 14 – 27): Cryptocurrency Property Rights Strengthened, PBoC Issues Standards for Blockchain Apps, Alibaba Launches AntChain

Jul 27, 2020

The top stories from the Chinese cryptocurrency sphere this past week includes: China’s Supreme Court recommends strengthening cryptocurrency property rights; China’s central bank issues new standards for blockchain fintech applications; Alibaba launched Antchain blockchain solution… C...

China Crypto Roundup (July 7-13): Didi to Pilot DCEP, 45,000 Blockchain Companies in China, $15 Million Crypto Scam Busted

Jul 13, 2020

In this past week, China’s CBDC was seen a step closer to real use case as it announced to partner with the country’s largest taxi hailing service provider; blockchain fever in the country continues with over 45,000 blockchain companies registered with local regulator; Canaan may be going t...

China Crypto Roundup (June 29 – July 6): Largest OTC Trader Detained by Police, DeFi Frenzy and More

Jul 7, 2020

In this past week, the Chinese crypto community was shocked by the detention of the country’s largest bitcoin OTC dealer Zhao Dong. Justin Sun warning against a Tron-based DeFi project triggered heated discussions among the crypto community. Blockchain is seeing steady development in t...

Justin Sun Warns Investors against a Tron-based Defi Project after the Latter Allegedly Turned Him Down

Jul 3, 2020

The controversial Tron CEO Justin Sun has recently distanced himself and his company from a Defi project built on Tron called Oikos (OKS) and issued a warning to investors against participating in the project. Sun explained that the Defi project was developed by Tron community...

PayPal Might Be Considering Introducing Direct Crypto Transactions

Jun 24, 2020

The huge success seen by Jack Dorsey’s Cash App has certainly put cryptocurrencies into the minds of other large payment processors, but few seem to be brave enough to dive into the world of digital assets. Bitcoin drove half of the revenue in the fourth quarter of 2019 for Cash App. Th...

More Crypto OTC Traders’ Bank Accounts Got Frozen in China

Jun 10, 2020

More bank accounts of cryptocurrency over-the-counter (OTC) traders have been frozen as Chinese police have been ramping up efforts to crack down on illicit activities. Apart from OTC traders, a majority of bitcoin miners have also complained about similar cases. A miner in Sichuan tol...

Small Minable Coins, a New Investment Opportunity or New Scam

Jun 9, 2020

After the bitcoin halving where bitcoin block reward is cut in half, crypto miners have been turning to some small coins for their potential high profits. In this year’s global mining forum held in the world’s bitcoin mining capital Sichuan, small-cap projects have been heatedly discussed am...