There Is No Legal Basis for Platforms Which Engage in the Trading of Various Forms of “Virtual Currencies”

Sep 14, 2017

Update: BTCChina announced tonight that they will stop all trading on Sept. 30, 2017 and Dragon TV aired that all domestic exchanges will be shut down. The announcement reads that: After carefully considering the "Seven Regulatory Bodies' Announcement on Preventing Risks Ass...

Domestic Exchanges Will Be Banned and the PBOC Monopolizes Currency Issuance

Sep 13, 2017

Reporters of Shanghai Securities News have confirmed with sources close to regulatory authorities that Chinese exchanges will be shut down and officials have questioned the legality of relevant exchanges. Caixin, China Securities News and Sina Finance have reposted the news. PBOC C...

Alleged North Korea-Backed Bitcoin Hackers: Should China Be Worried?

Sep 13, 2017

A new report by an intelligence-led security company, which earlier linked North Korea to the WannaCry attack, claims the country is about to unleash a second wave of sponsored actors to steal bitcoin and other virtual currencies as they have reportedly done to exchanges in South Korea. T...

Analyst: Mt. Gox Lost 100,000 More Bitcoins Apart From the $2.5 Billion Hack

Sep 10, 2017

According to Tuur Demeester, a prominent bitcoin analyst and investor, now-defunct Japanese bitcoin exchange Mt. Gox lost 100,000 more bitcoin in seven independent incidents apart from its major security breach in 2013 which led to the loss of $2.5 billion. Four years ago, Mt. Gox had ov...

False News Targeting Chinese Bitcoin Exchanges Using Photos From Scam Crackdowns

Sep 9, 2017

Controversy surrounding the decision of People’s Bank of China (PBoC), the nation’s central bank, on the crackdown on initial coin offerings (ICOs) and the declaration of ICOs as an illegal fundraising method has led to the emergence of a series of false news targeting major Chinese ...

Game Over, Bitcoin Exchanges

Sep 9, 2017

Caixin reports today that domestic exchanges represented by OkCoin that provide trading services between cryptocurrencies and CNY will be banned for a certain period of time. Upcoming regulations are not imposed to hurt cryptocurrencies themselves and the OTC markets. Regulatory author...

The First Bitcoin Meetup in Fuzhou, China This Thursday Welcomes Friends Who Miss Out the Bitkan Conference

Sep 6, 2017

Already booked your flight to the Beijing Bitkan conference? Can't get a refund on "nonrefundable” airline ticket? Don’t want to risk overstaying your visa in China? Book a train ticket and come to Fuzhou. The first Fuzhou bitcoin meetup will be held on this Thursday, September 7 at C...

Litecoin Weathers Storm, Breaks New Price Reach

Sep 1, 2017

The cryptocurrency known to be the silver to Bitcoin’s gold reached two milestones this week: its asset’s price hit $60 and market cap rises above $3 billion. Unlike several other alternative currencies whose prices swing sometimes arbitrarily in reaction to a new development, what’s been ...

Bitcoin Gains As North Korea Fires Missile, NEO Drops

Sep 1, 2017

While the Tuesday missile launch by the North Korean government has been cited as a threat to regional stability, which could be a major factor that has drawn many to find succour in Bitcoin, the news that the Chinese government is considering - for a second time - the suspension of all initia...

Mobile Wallet Bitkan Launches Bitcoin Cash OTC Trading Service

Aug 28, 2017

Bitcoin-focused data and trading services provider Bitkan has officially announced the launch of BCC OTC trade. The new OTC service allows Bitkan app users to trade BCC outside the online exchanges at competitive prices. When BCC appeared earlier this month, founder of ViaBT...