The shutdown of crypto exchange FCoin shocked the crypto world as the estimated number of potential victims is more than 2000, and the loss per capita exceeds 25 bitcoins. In fact, users can scan the capital reserve of the crypto exchange from the balance on the chain of all the addresses of ...
A big announcement by FCoin is rocking the crypto world. Zhang Jian, the founder of Chinese crypto exchange Fcoin, revealed in a post earlier today that FCoin may not be able to pay the 7,000-13,000 BTC (worth $67 million to $125 million) that it owes users. Individual investors or...
Chinese cryptocurrency exchange FCoin’s community committee suggests the platform founder to consider the possibility of debt for equity swap like the case of Bitfinex, adjusting platform fees, or run FM FJP independently to cope with its current crisis. FCoin community said it had an...
FCoin, the controversial Chinese crypto exchange, has triggered a quite stir in the crypto space once again as it declared insolvent and failed to pay the 7,000 to 13,000 BTC back to its users. Fund difficulty caused the exchange’s inability to cash users’ deposits which, citing its foun...
On the evening of February 17, Zhang Jian, the founder of FCoin published a notice to explain the current situation and follow-up plans of Fcoin. “The biggest problem Fcoin faces is that the fund reserve cannot be cashed out for users. We lack about 7000-13000 BTC (worth about 68.6 mi...
Few days ago, Chinese major crypto exchange OKEx destroyed the unissued 700 million OKB to achieve extreme deflation aggressively and it took the lead in terms of market price rise as investors gave mixed reviews Many investors turned their eyes to HT, Huobi’s exchange token. On the a...
China-based FCoin, a controversial cryptocurrency exchange known for its innovative “Trans-Fee Mining” incentive program, has recently triggered a quite stir in the Chinese crypto space with allegations of the platform’s permanent shutdown and key members remaining out of contact. It s...
"Over 4 USDT, the price of OKB pump more than 20% over the past 24 hours." At 2 p.m. on February 10, OKB's holders exclaimed, and an hour later, the price of OKB broke 5 USDT. Almost at the same time, Chinese major crypto exchange OKEx released a string of hit news: destr...
First discovered in the Chinese city of Wuhan, the Coronavirus is forcing global businesses of all categories to scale back. Given China’s status as a crypto investment hub – it has the most exchanges in the Asia-Pacific region, which in turn has 40 percent of the world’s top 50, crypto ...
Exchanges have always been a popular off-ramp for illicit cryptocurrency, in 2019, $2.8 billion in bitcoin have been moved from criminal entities to exchanges, of which over 52% have gone to the top two crypto exchanges Binance and Huobi, a latest Chainalysis report found. According to the b...
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