Chinese Finance Experts Raise Concerns over Facebook Libra’s Threat to the Country

Jun 19, 2019

Facebook has revealed the whitepaper for the much-hyped Libra coin on June 18. Upon its release, Facebook Libra coin has been trending among the top topics on social media platform Weibo (Twitter equivalent in China), with many cryptocurrency buffs and finance experts commenting and retwee...

Asian Markets’ Appetite for Cryptos on the Rise, Pushing Bitcoin Premium Surge

Jun 18, 2019

Bitcoin has surged above $9,000 to set a fresh year-to-date high since Sunday. The uptick momentum is still going on these days. Amid the bullish trend in bitcoin market, bitcoin’s popularity seems to be on the rise, particularly in Asian markets. According to crypto analyst Mati Greensp...

Is China’s Importance in Crypto Space Likely to Creep Back?

Jun 16, 2019

From mining to trading cryptocurrencies like Bitcoin and the use of blockchain technology, China is known to play a crucial role in the global crypto space. The role and its influence on the crypto market seemingly reduced in the last two years due to stringent measures put in place by the Chin...

F2Pool Founder Condemns Block Withholding Attacks Performed by Some Chinese Mining Pools on Its Competitors

Jun 14, 2019

Some Chinese crypto mining pools have been soliciting miners with low fees but later raised the rates up to 5% even 10%, said Mao Shixing, founder of world's third-largest bitcoin mining pool F2Pool, in a weibo post. He continued to point out that these malicious mining pools then use thei...

Cosmos AMA on 8btc: No Blockchain Is an Island, To Be “Internet of Blockchains”

Jun 13, 2019

With the advent of numerous blockchains over these years, the lack of interoperability between blockchains has put a brake on the growth of blockchain industry. In such a context, cross-chain technology has grabbed great attention from the crypto community. As a prominent representative in the...

Report: China Still Dominates Bitcoin Mining with 60% of Global Share

Jun 12, 2019

Sichuan, a mountainous province in southwestern China, is still home to the most bitcoin miners for its abundant and cheap hydroelectric energy, despite the country’s tough stance on quashing the crypto market. According to cryptocurrency research firm Coinshare’s latest report, China cont...

Chinese Crypto Entrepreneur Killed Himself after Losing 2000 BTC Using 100x Leverage

Jun 11, 2019

A Chinese crypto entrepreneur has committed suicide after losing clients’ 2,000 BTC by using 100x leverage trading, his former partner revealed on June 10. Hui Yi, the 42-year old CEO and co-founder of BTE.TOP, a data analysis and service provider for the crypto market, has...

Chinese Crypto Exchanges Accounted for 60% of Tether Trading in 2019

Jun 5, 2019

Chinese cryptocurrency exchanges have accounted for more than 60% of total Tether trading globally so far in 2019, according to a report from cryptocurrency research firm Diar released on June 3. Data provided to Diar by blockchain analysis firm Chainalysis in the report highlights Ch...

Chinese Citizen Wei Liu Claims Authorship of Bitcoin Whitepaper to Satirize Craig Wright

May 31, 2019

Wei Liu, a Chinese citizen residing in California, has registered a copyright for the bitcoin whitepaper on May 24, according to U.S. Copyright Office’s archive data. The person claims to have published the bitcoin whitepaper titled “Bitcoin: A Peer-to-Peer Electronic Cash S...

Bitcoin SV ‘Pump’ Attributed to Viral Chinese Social Media Post

May 30, 2019

Bitcoin SV (BSV) touched its all-time high price point in an hour on Wednesday May 29. It's the first time the price of BSV, a fork of Bitcoin Cash which split last November, will hover over $250 as it records more than a 100% surge. Its market has since been thrown in a frenzy as so...