China’s would-be digital currency investors have found clever ways to circumvent China’s trading ban. #ANALYSIS
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How Chinese Bitcoin Buyers Are Getting Around Government Ban
Category: Huobi
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Huobi Offers Platform Utility Token, ‘Not An ICO’
Huobi, the former Chinese cryptocurrency exchange, has announced that they will issue a token (the ‘Huobi Token’, HT) starting January 23. #NEWS
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Bitcoin Investor Sues Huobi Over ¥400,000 in Losses
A bitcoin investor sued the Huobi exchange to recover 400,000 yuan he lost while trading. Also Read: Thailand’s Regulators Allow Bitcoin Futures Trading Too Much Pressure Trading Bitcoin Wang Tieliang filed a lawsuit against Huobi and its two partners in Beijing to invalidate his bitcoin trades on the exchange. According to Wang, he deposited 1.4 million yuan […]
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Beijing Court Rules in Favor of Huobi
It has been a while since we last heard from Chinese cryptocurrency exchanges. Ever since the CNY trading ban, very little has changed in that part of the world. In recent news, a Beijing district court has dismissed a lawsuit against such exchanges. Some traders had complained about exchanges being responsible for their financial losses. It was evident such claims wouldn’t hold up for long. A Decision in Favor of Chinese Cryptocurrency Exchanges All of this revolves around a few people who claimed to have lost money while trading Bitcoin on Chinese exchanges. More specifically, a Huobi user claimed that Bitcoin didn’t exist and that his previous trades should be invalidated.Powered by WPeMatico
Chinese Cryptocurrency Exchanges Delay Launching in South Korea Due to Regulation
Two major Chinese cryptocurrency exchanges have delayed their launches in South Korea due to uncertainties surrounding the government’s regulation. The regulators are currently working on a real-name identification system that will end the anonymous trading of cryptocurrencies in the country. Also read: Russian Cryptocurrency Bill Is Ready – Regulators Share Details4 A Bump in the Road […]
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The Bitcoin Exchange That Once Dominated China Is Heading to Japan
At one time the Beijing-based digital currency exchange Huobi was once the largest bitcoin trading platform in China before the central bank stopped domestic exchanges from trading cryptocurrencies. This month Huobi has revealed its carved a deal with the Japanese financial institution SBI Group and will be launching two new cryptocurrency exchanges in Q1 of […]
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Huobi CEO Announces 100 Million RMB to Compensate WAX Investors
Huobi CEO Li Lin said on Tuesday that he will use 100 million CNY to compensate users for their investment losses in the WAX project. Also Read: Several Bitcoin Exchanges Are Closing Their Doors to New Traders A Pump-and-Dump Incident Huobi.pro launched an ICO token, WAX, on December 20. The opening price of the token was […]
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“There Will Only Be One” – an Interview With Viabtc Founder Yang Haipo
Back in August, Viabtc founder Yang Haipo was one of the first public figures to declare ”Bitcoin Cash is Bitcoin”. His exchange Viabtc was one of the first to list bitcoin cash (BCH), which was heavily criticized by Chinese industrial players for being “controlled” by Bitmain. Now Haipo is planning his new business Coinex, a […]
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