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Famed Chinese OTC bitcoin trader, Zhao Dong, recently shared the story of how he first entered the bitcoin markets, the losses he incurred, and his views on speculation in the cryptocurrency markets. Also Read: Snowden on Bitcoin: Blasts Public Ledger and Core Developers Zhao Dong’s Rocky Start in the Cryptocurrency Markets Zhao Dong, the founder of […]
The post Zhao Dong Recounts How He Lost 9,000 BTC appeared first on Bitcoin News.
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It appears that China’s stock exchanges are seeking to prevent companies from issuing misleading information in order to drive hype around blockchain technology – potentially influencing their share price. Also Read: China’s First Central Bank Governor in 15 Years Likes Bitcoin Blockchain Mania Sweeps China’s Stock Exchanges China’s Shenzhen Exchange has announced its intention to crack […]
The post Chinese Stock Exchanges Crack Down on Companies Falsely Claiming “Blockchain” appeared first on Bitcoin News.
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The People’s Bank of China, the nation’s central bank, has a new governor, its first in 15 years. His name is Yi Gang and judging by previous comments the 60-year-old has made, he’s perfectly okay with cryptocurrency. His positive stance towards bitcoin and other cryptos bodes well for their future within China. Also read: Report Claims […]
The post China’s First Central Bank Governor in 15 Years Likes Bitcoin appeared first on Bitcoin News.
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International Monetary Fund (IMF) Managing Director Christine Lagarde released a blog post Tuesday, March 13, Addressing the Dark Side of the Crypto World. In it, she argues increasing fascination with cryptocurrencies has brought along grave costs: money laundering, terrorism, and economic instability. Also read: Québec Premier: We’re Not Really Interested in Bitcoin Mining IMF Managing Director […]
The post Big Sister Watching: IMF’s Lagarde Warns of Crypto’s Dark Side appeared first on Bitcoin News.
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Despite all its previous efforts to prevent the people it rules from engaging in the online trading of cryptocurrencies, the Chinese government is taking further action to deter the practice. According to reports, local internet users can still access the Chinese social media accounts of former-mainland exchanges abroad and regulators have now acted to prevent […]
The post Chinese Internet Regulators Block Cryptocurrency Exchanges on Social Media appeared first on Bitcoin News.
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Every country produces its share of underperforming altcoins. They’re called shitcoins for a reason. But China has a track record for creating altcoins that are shittier than most. The country has spawned a slew of talented developers, and has made a huge contribution to cryptocurrency adoption and innovation as a whole. But when it comes […]
The post Chinese Altcoins Can’t Stop Failing appeared first on Bitcoin News.
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Asia is probably the most cryptocurrency receptive part of the world where, in addition to a strong bitcoin trading mania, you can already find many regular companies accepting crypto payments to attract new clients. Asian consumers now have yet another way to spend their bitcoin: buying flight tickets for travel around the region. Also Read: […]
The post Taiwanese Airline to Accept Cryptocurrency Payments for Flight Tickets appeared first on Bitcoin News.
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What to make of NEO? The Chinese blockchain is, on paper, the most successful Asian cryptocurrency project to date. It’s listed on most major exchanges, boasts high trading volume, hosts numerous ICOs and has smart contract functionality. Not everyone is impressed though. Critics have called NEO a centralized, expensive, and unusable disaster. So which interpretation […]
The post NEO Is Either a Raging Success or a Total Disaster appeared first on Bitcoin News.
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Angel investor and Founder of Chinese app Meitu, Cai Wensheng, has published criticisms of the central government’s expanding regulatory crackdown on cryptocurrencies via Wechat. Mr. Wensheng warns that heavy-handed regulatory policies may squander the opportunity for China to maintain a significant presence in the burgeoning global cryptocurrency sector, in addition to arguing that many of […]
The post Chinese Entrepreneur Warns Against Mining and ICO Bans appeared first on Bitcoin News.
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The wealth of bitcoin mining titan Bitmain has long been assumed to be north of “huge”. Thanks to its near-monopolization of the ASIC manufacturing business, Bitmain has effectively had a license to print money. This week, Bernstein analysts released a report into Bitmain’s operations. It estimates the Chinese firm to have made $3-$4 billion last […]
The post Bitcoin Hardware Manufacturer Bitmain Made a Profit of up to $4 Billion Last Year appeared first on Bitcoin News.
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