BTCC latest move indicates more regulation on the way

Feb 15, 2017

Wednesday afternoon Shanghai, BTCC just released a latest announcement, tightening regulations even more by halting real-name verification of all new users till 15th March, one month from now. However, the announcement was soon deleted. But 8btc managed to get a screenshot. Conspiracy t...

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Bitcoin trading in yuan drops as new transaction fees by exchanges take effect

Jan 24, 2017

Following the commencement of the move to start charging transaction fees by China’s BTCC, OKcoin and Huobi on Tuesday January in response to PBoC’s requirement to eliminate margin trading service, Bitcoin trading volume in Chinese yuan has dropped to its lowest for the year. A...

Chinese Exchanges consider to split Bitcoin to appease PBOC and attract more users

Jan 23, 2017

As Chinese exchanges will begin to charge service fees for transactions on their platforms starting Tuesday January 24, they seem to have devised a way to split Bitcoin into a more usable form associating its divisibility with the parity it has with fiat money. The move to charge both mar...

Why PBoC’s Inspection of Exchanges Matters for Bitcoin Trading to be Better

Jan 12, 2017

Several arguments should be made for why the ongoing development of onsite inspections of bitcoin exchanges by the People’s Bank of China is a positive move for the emergence of bitcoin as a true global currency of the future. Shortly after news emerged that the PBoC is carrying out an...

SegWit Gain 20% of Hashing Rate after BTCC Flag Support

Nov 23, 2016

On a statement released on 18th Nov, BTCC announced full support of SegWit, which resulted in a spike on SegWit adoption: The last 2k block segwit activation graph. Source: bitcoincore.org The bitcoin core adoption page shows the 22 entities are SegWit ready and 42 more on the l...

How China Took Center Stage in Bitcoin’s Civil War

Jul 29, 2016

A delegation of American executives flew to Beijing in April for a secret meeting just blocks from Tiananmen Square. They had come to court the new kingmakers in one of the strangest experiments in money the world has seen: the virtual currency known as Bitcoin. Against long odds, and de...

BTCC and HaoBTC Dismiss Rumors of Hard Fork Threat by Chinese Bitcoin Miners

Jul 7, 2016

Late last week, a post on Chinese Bitcoin community website 8btc gained a lot of attention in certain English-language Bitcoin circles, particularly the subreddit /r/btc. The post stated that Chinese Bitcoin miners should band together and push for a hard-forking change to the Bitcoin proto...

BTCC Launches Titanium Physical Coins Containing Uncirculated Bitcoins

May 26, 2016

BTCC today introduced its new line of titanium physical bitcoins. BTCC Mint coins provide bitcoin enthusiasts, coin hobbyists, and the wider public with collectible physical forms of bitcoin, the world's most popular digital currency. “Launching our own physical bitcoins is a significant...

Is China saving Bitcoin, or destroying it?

Mar 21, 2016

I recently talked with Bobby Lee, CEO of BTCC, China’s first and biggest bitcoin exchange. It would be fair to call Bobby an optimist when it comes to Bitcoin in China and throughout the world. “The great part is that in China, Bitcoin is very popular. There’s a lot of specula...

BTCC Deploys 100 Full Bitcoin Nodes Across Five Continents

Dec 25, 2015

BTCC today deployed 100 full bitcoin nodes across five continents to support the bitcoin network. Full bitcoin nodes enforce the rules of the bitcoin network by serving a full copy of the bitcoin blockchain and validating blocks and transactions. BTCC is the first bitcoin exchange and fi...