カテゴリー: China

A Chinese Government-Controlled Bitcoin Alternative Is Reportedly in the Works

China's Very Own Bitcoin Alternative is In the WorksIn the midst of a sino-U.S. trade war, the People’s Bank of China is working to develop its own cryptocurrency prototype. It apparently believes this centralized digital asset can ultimately trump BTC and perhaps even the U.S. Dollar. Also read: Bibox Buys 100% Share of Decentralized Exchange Dex.top A Love-Hate Relationship With Cryptocurrency The government of […]

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How Crypto Miners Are Adapting to Survive the Bear Market

Vietnamese Stop Importing Bitcoin Mining Rigs as Import Ban LoomsIn the current crypto bear market, miners have been battered due to the depreciation of digital assets, leaving many operations struggling to generate profit. In some cases, miners have been forced to exit the business altogether. In their absence, a number of experienced miners are capturing the bulk of the market share, according to one […]

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Bibox Buys 100% Share of Decentralized Exchange Dex.top

Bibox, a Chinese digital asset exchange, has acquired 100 percent of shares in Dex.top, a decentralized ERC20 exchange that also operates from Beijing. Officials refused to discuss the price of the deal, saying it was “private.” Bibox, which handles $236 million of trading volume daily, said Dex.top will help expand its product offering. Also read: U.K. […]

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Bibox Buys 100% Share of Decentralized Exchange Dex.top

Bibox, a Chinese digital asset exchange, has acquired 100 percent of shares in Dex.top, a decentralized ERC20 exchange that also operates from Beijing. Officials refused to discuss the price of the deal, saying it was “private.” Bibox, which handles $236 million of trading volume daily, said Dex.top will help expand its product offering. Also read: U.K. […]

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U.K. Cryptocurrency Exchange Cubits Shuts Down After $33M Scam

Cubits, a London-based digital asset trading platform, has been forced into administration after fraudsters reportedly stole €29 million (about $32.5 million) from the exchange in February. The company claimed “it fell victim” to an elaborate scam orchestrated in collusion with three of its clients.  Also read: Former Mt. Gox CEO Could Face 10 Years in Jail […]

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U.K. Cryptocurrency Exchange Cubits Shuts Down After $33M Scam

Cubits, a London-based digital asset trading platform, has been forced into administration after fraudsters reportedly stole €29 million (about $32.5 million) from the exchange in February. The company claimed “it fell victim” to an elaborate scam orchestrated in collusion with three of its clients.  Also read: Former Mt. Gox CEO Could Face 10 Years in Jail […]

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PBOC Deputy Governor Calls STOs ‘Illegal Financial Activity’

Local media has reported that the People’s Bank of China (PBOC) has banned security token offerings (STOs). Pan Gongsheng, a deputy governor of the PBOC, has mobilized the same rhetoric used with regard to initial coin offerings (ICOs) in describing STOs, accusing security token offerings of comprising “illegal financial activity.” Also Read: Federal Agents Told This […]

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Chinese Miners Short BTC Markets to Hedge Against Falling Prices

Chinese Miners Short BTC Markets to Hedge Against Falling PricesThe price of bitcoin core (BTC) has dropped considerably over the past few months, significantly affecting individuals and organizations that mine the cryptocurrency. According to recent reports, many miners in China are now short selling bitcoins to hedge against falling digital asset prices. Also Read: Markets Update: Cryptocurrencies Are Still Blood Red Some Chinese Miners Are […]

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Chinese Miners Short BTC Markets to Hedge Against Falling Prices

Chinese Miners Short BTC Markets to Hedge Against Falling PricesThe price of bitcoin core (BTC) has dropped considerably over the past few months, significantly affecting individuals and organizations that mine the cryptocurrency. According to recent reports, many miners in China are now short selling bitcoins to hedge against falling digital asset prices. Also Read: Markets Update: Cryptocurrencies Are Still Blood Red Some Chinese Miners Are […]

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Chinese Government-Backed Company to Launch Stablecoin by February

Grandshores Technology Group is a public company affiliated with a 10 billion yuan ($1.5 billion) fund backed by the government of Hangzhou, the capital of China’s Zhejiang Province. It is known to be developing a new stablecoin, which is now expected to hit the market by February 2019. Also Read: Paxful Completes Second School in […]

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