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Last year the Chinese government cracked down on initial coin offerings (ICO) and stopped all domestic cryptocurrency exchanges from dealing with the renminbi. According to local reports and the central bank’s recent ‘2018 agenda,’ the People’s Bank of China aims to finish what it started in 2017 by “rectifying” all virtual currency operations, introducing new … Read more
What’s the reason behind the worst stock market Q2 start since Great Depression? #FOLLOW_UP Go to Source Powered by WPeMatico
A lot of cryptocurrency companies are looking to expand their global presences. That is much easier said than done, especially given the current regulatory climate affecting this industry. BitKan, one of China’s leading cryptocurrency service providers, recently secured $10 million in Series B funding to accelerate its growth. BitKan is on a Roll Growing a … Read more
FIH Mobile, a subsidiary of tech giant Foxconn Technology Group, will produce Sirin Labs Blockchain-enabled smartphone. #NEWS Go to Source Powered by WPeMatico
After the Chinese government banned local bitcoin exchanges from operating in the country some industrious people have begun going abroad to buy the cryptocurrency and reselling it in China for a premium. There are now so many of these ‘bitcoin mules’ that their profit margins are rapidly declining. Also Read: Okex Fights Market Manipulation … Read more
Crypto markets continue to experience their slow upticks, while traditional markets report worst start of 2nd quarter since the Great Depression #NEWS Go to Source Powered by WPeMatico
Okex has made another announcement regarding its decision to roll back futures contracts after clients were hurt by massive liquidations. The company apologized again for the inconvenience, tried to address rumors regarding the incident and threatened to sue anyone spreading them. Also Read: OTC Cryptocurrency Desks Trade Billions Over Skype BTC Futures Manipulated Okex, the … Read more
China’s Sinochem Energy Technology completes all-Blockchain managed shipment of gasoline for “first time”. #NEWS Go to Source Powered by WPeMatico
Who Watches the Watchmen? An engineer from Beijing has been arrested after allegedly discovering a failed hacking attempt to his company and taking advantage of the situation to steal some of the money for himself. 90% of the loot has been returned but he can still go to jail for as much as seven years. … Read more
South Korean launch of Beijing-born crypto exchange giant Huobi, with 100 altcoins and 208 markets. #NEWS Go to Source Powered by WPeMatico
