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Bitcoin Is not Ideal: Inherent Risks of Bitcoin

Apr 21, 2017

Three years ago or two years ago, if you asked me what Bitcoin is, I’d tell you it is the future of money. It is managed by the network, not by the government. Plus, it is private, anonymous and fast. It’s just perfect! Bitcoin is proved very successful. Since its inception in 2009, Bi...

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How regulation help decentralize bitcoin OTC in China

Apr 21, 2017

0.Introduction At the beginning of this year, the government in China was tightening Bitcoin trading rules. All Bitcoin exchanges in China have stopped processing Bitcoin withdrawals. Everyone are very pessimistic. But two months later, Bitcoin wasn't taken down. Instead it gets a...

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Xiao Feng: AI and Blockchain as the Core Technology for Fintech 2.0

Apr 20, 2017

March 24 Hangzhou- Dr. Xiao Feng, GM of Wanxiang Blockchain, delivered a keynote speech in a Fintech summit in Hangzhou. He shared his insight into the future of Fintech. He said Fintech would reshape the entire financial system in 20 years and artificial intelligence and blockchain w...

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Bitmain Is Suspected of Deliberately Preventing the Activation of Segwit on Litecoin

Apr 20, 2017

A dramatic overnight increase in hashrate is taking place in the Litecoin world. An insider told 8btc that the hashrate of LTC1BTC, a Litecoin pool, increased from less than 300 GH/S on April 17 to over 700 GH/S on April 18, while LTC TOP increased from 150 GH/S to 500G. ...

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How Bitcoin Miners Could Lose Revenue In An Attack

Apr 20, 2017

Internet routing attacks (such as BGP hijacks) and malicious Internet Service Providers (ISP) can reduce miners’ revenue and expose their networks to double spending, a study that argues for encrypting Bitcoin traffic or traffic exchanged among miners has shown. Put together by Mari...

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Why I Am Still Not Voting for Segwit? An open letter from Jiangzhuoer

Apr 20, 2017

Note:Translated from Jiang Zhuo’er’s original post in Chinese. Recently, as the discussion around activating Segwit on Litecoin becomes more and more intense, many people have been asking me why my Litecoin pool is not voting for Segwit. I feel the need to address the whole Segwit iss...

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Time to Move on: The Worst Thing You Can Do Is Nothing

Apr 19, 2017

The bitcoin community is in the middle of a civil war. And the crux of the war comes down to a single word: blocksize. Right now, the bitcoin network can only support up to 7 transactions per second. Clearly, some changes will need to be made if bitcoin is to reach levels mainstream payments ...

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Fake financial products worth 3 billion signals regulatory storm in China banking industry

Apr 19, 2017

18th April Beijing-It is reported that on-site inspection to the Chinese banking industry has been conducted throughout the country. CBRC, China Banking Regulatory Committee, has released 7 regulatory documents since 28th March. The on-site inspection is to implement these regulatory m...

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What Hinders Bitcoin from Becoming a Mainstream Currency?

Apr 18, 2017

  Bitcoin users have surpassed the population of Norway and Finland and its market cap has exceeded the value of fiat currencies of such countries as Mongolia, Thailand, Sudan, Laos and Nigeria. Worldwide, more countries are working to make bitcoin a legal currency. Canada p...

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F2Pool Officially Decides to Support SegWit on Bitcoin

Apr 18, 2017

F2Pool, the world’s second largest mining pool, released an announcement this Tuesday signaling SegWit(Segregated Witness )for bitcoin. F2Pool's stance on SegWit has been ambiguous over the past several weeks. On March 22, Wang Chun, the owner of F2Pool, wrote across social medi...