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Tag Archives: Bitcoin

98% of ICOs are Doomed to Fail?

Jan 25, 2018


“98% of ICOs will fail .” Yibo Shao, a well-known venture capitalist in China, said. As blockchain and cryptocurrency fever gets hotter, Yibo Shao(also known as Bo Shao) shared his own views over this hype on the Wechat Moments last week. The overwhelming majority of ICO(I...

Another ICO Scam Alert: This New Token Sank 90% After ICO

Jan 22, 2018


A new cryptocurrency HPS sank as much as 90% of its ICO price after it got listed on a bitcoin exchange. A promising blockchain project or another ICO scam? “After my investigation, It is certainly a fraud.” A veteran crypto trader claimed on his Weibo account on January 22. ...

Crypto-Mining Could Represent 10% of TSMC’s Revenue In 2018

Jan 18, 2018


Taiwan Semiconductor Manufacturing Co Ltd(TSMC), the world’s largest contract manufacturer of semiconductors, undoubtedly, is the main beneficiary of bitcoin’s 1400% surge in 2017 as bitcoin mining giants rush to purchase its HPC chips. This Taiwan’s largest company reported it...

Coinone CEO : No Ban On Cryptocurrency Trading In South Korea Yet

Jan 12, 2018


Dear bitcoiners, don’t be panic! The South Korean government has officially announced this morning that there will be no cryptocurrency trading ban in the near term , and this news was also confirmed by the CEO of Coinone, the third largest virtual currency exchange in that country. ...

Tencent Disclose Bitcoin Used To Transfer CNY Oversea

Jan 5, 2018


Even as authorities vigilantly tighten capital controls for capital outflow pressure,  people are getting cleverer and finding new approach to transfer their asset out of China. When ways like buying large amounts of insurance in Hong Kong and exchanging through transnational companies ...

South Korea: Mining Fever Vs Electricity Breakdown

Dec 31, 2017


Welcome to the New Year! Welcome to the magic world of bitcoin! Remember the opening song as Seven Dwarfs appearing in the Disney's old movie Snow White? “We dig dig dig dig dig dig dig in our mine the whole day through, to dig dig dig dig dig dig dig is what we like to do.” ...

After Litecoin Founder Charlie Lee Sold All His Litecoin

Dec 22, 2017


Over these days, the breaking news in the cryptocurrency circle is that Charlie Lee, the creator of the world’s fifth-biggest cryptocurrency, Litecoin, unexpectedly "sold and donated" all of his litecoin on Wednesday this week. "Litecoin has been very good for me financially, so I am well of...