Cryptojacking Attacks Skyrocket By 8,500% In 2017, With China Among the Hardest Hit

Apr 14, 2018

A meteoric rise in the value of bitcoin and most of its peers in 2017 triggered a cryptojacking gold rush, and China has become the No.1 most affected country by ransomware attacks in the Asia-Pacific region, according to Symantec's Internet Security Threat Report (ISTR), Volume 23. ...

PBOC Official: China to Step Up Scrutiny of Cryptocurrencies

Apr 11, 2018

Wang Xin, Director-General of the Currency Gold and Silver Bureau of PBOC, highlighted in a recent-published article that Chinese financial regulators should step up scrutiny of virtual currencies to safeguard the government authority to issue national currency. His statement means C...

Q1 2018: Over 40% of VC Investments Surged Into Blockchain Startups in China

Apr 9, 2018

Venture capitalists’ interest in blockchain is still picking up in China despite the closer scrutiny over crypto-related activities from regulators, and over 40% of the projects that secured funding in Q1 2018 are from blockchain space, according to a report released by Chinese startup databas...

Cryptocurrencies With Utility Will Have a Promising Future, Says a Report from Bank of China

Mar 30, 2018

“Those cryptocurrencies that have practical use cases and can serve as a means of exchange or payment will enjoy promising prospects.” says a report from the Institute of International Finance (IIF) of Bank of China. Although the vice governor People's Bank of China (PBoC) ...

Former Vice President of a China’s Tech Company Lost 1.8 Million CNY in Crypto Investment

Mar 29, 2018

A 36-year-old vice president of a tech company in China recently recounted his story of losing 1.8 million CNY in trading crypto. The anonymous crypto investor quit his job in last December which brought him an annual income of close to 300,000 CNY and dedicated himself to the crypto marke...

China’s National Audit Office: Cryptocurrency Market is Manipulated by Over 60 Bitcoin Exchanges

Mar 28, 2018

China’s National Audit Office (NAO) warns about the risk of cryptocurrency investment in a recently published article in the magazine of China Audit, disclosing that over 60 digital assets exchanges have manipulated the price of cryptocurrency and cheated investors out of substantial sums ...

A Tencent Programmer Claims to Hack Binance in One Week, and Asks For 1,000 Bitcoins as Reward

Mar 19, 2018

One of the world’s largest cryptocurrency exchanges suffers further blow after it got hacked in early March. A Chinese netizen, called “happiness of programmers”, wrote on Weibo last Friday that, “It is easy to attack bitcoin exchanges, including world’s top ten exchanges like B...

Chinese Legendary Crypto Investor Li Xiaolai ： ‘ I Once Owned Over 100,000 Bitcoins, But Is Not The Founder of EOS’

Mar 7, 2018

Li Xiaolai , the Chinese legendary bitcoin investor and a key figure in the cryptocurrency world,  acknowledged that he once held a six-figure sum of bitcoins and is the investor rather than a co-founder of the record-breaking ICO,EOS, in a recent interview with tech entrepreneur Wang F...

A CPPCC Member Proposes To Launch A Regulated Cryptocurrency Exchange In China

Mar 5, 2018

As Chinese authorities escalate crackdown on cryptocurrency trading, a member of China's top political advisory body, however, suggested on March 3 that a regulated and efficient cryptocurrency exchange should be set up in China under unified coordination of various government agencies to hel...

Any Cryptocurrency Whose Market Cap Reaches over 50% Of Bitcoin Is Overvalued

Jan 31, 2018

Translated and edited based on a weibo titled “Why Am I Saying Any Virtual Currency Whose Market Cap Reaches 50% Of Bitcoin Is Overvalued?” by a finance blogger and weibo big V (user who has 500,000+ followers) named Baozoubeiwei (Chinese "暴走北纬"). Recently I noticed t...