‘Who Moved My 38.748 BCH?’ The First Lawsuit in China Initiated By a Bitcoin Fork

Aug 2, 2018

A crypto investor recently brought a lawsuit against the crypto exchange OKCoin for a bitcoin fork in the Beijing court. It is the first lawsuit related to a bitcoin fork in the country, according to Legal Weekly. The plaintiff claimed the equivalent amount of bitcoin cash (BCH) tha...

OKCoin CEO: Innovation Doesn’t Evolve In a Straight Line

Sep 14, 2017

Tencent Technology reports that the authority decides to shut down all Bitcoin exchanges that register in mainland China. Star Xu, CEO of OKCoin, comforts the staff that the Company is actively seeking non-fiat business and application for license in Japan, Korea and USA is ongoing...

OKCoin Refutes Investing Client Funds Into “Wealth Management Products” Claims

Aug 25, 2017

One of China’s biggest digital currency exchanges has refuted claims it used clients’ funds to invest in financial products deemed risky. According to state newswire Xinhua in an August 17 report, both Huobi and OKCoin exchanges reportedly invested around 1 billion yuan ($150 million) ...

OKCoin halted btc transfer from domestic account to international account

Feb 28, 2017

According to an 8btc forum post today,  a previous rumour turns out to be true that OKCoin have suspended transfer of bitcoin from its domestic site to international site, where bitcoin futures trade is hosted. The OP said that: (We are) informed today and the news had been circulated y...

Bitcoin trading in yuan drops as new transaction fees by exchanges take effect

Jan 24, 2017

Following the commencement of the move to start charging transaction fees by China’s BTCC, OKcoin and Huobi on Tuesday January in response to PBoC’s requirement to eliminate margin trading service, Bitcoin trading volume in Chinese yuan has dropped to its lowest for the year. A...

Chinese Exchanges consider to split Bitcoin to appease PBOC and attract more users

Jan 23, 2017

As Chinese exchanges will begin to charge service fees for transactions on their platforms starting Tuesday January 24, they seem to have devised a way to split Bitcoin into a more usable form associating its divisibility with the parity it has with fiat money. The move to charge both mar...

OKCoin shut down blockchain-based mutual insurance project

Jan 13, 2017

OKCoin announced  the shutdown of Bafang, a blockchain-based mutual insurance project, on 9th January 2017. The project was launched on 15th Aug 2016 with initial funding injection of 10 million RMB from the parent company OKCoin. Bafang boasted to have received 10 million USD...

OKCoin CEO to acquire NEEQ company for ¥7.5 million

Dec 26, 2016

On 20th Dec, Huazhenglian (NEEQ:833166) announced that 54.66% shares of the company will be purchased by Star Xu at the cost of 7.5155 million yuan (1.08 million USD). Upon completion of the acquisition, Star Xu will become the dominant shareholder and the actual controller of the Co...