As global efforts to bring clarity to the understanding of how the Blockchain technology works continue, Hong Kong-listed fintech company Credit China Fintech Holdings has just set up a joint venture with the Bitfury Group to promote the technology in China. The US$30 million deal...
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...
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...
Bitcoin’s growth rate will henceforth be somewhat affected by the outcome of two key events -- Donald Trump’s inauguration in the U.S. and the PBoC’s release of its report on its investigation into the three key exchanges in China. Starting from late last year, there have been predi...
According to Kawabata Kagayaki, the Business Development Lead of Coincheck, Japan’s leading Bitcoin and cryptocurrency exchange, it is possible at some point for Japan's Bitcoin transaction volume to reach the same level as it is being recorded in China presently. In an email, ...
As the understanding that China has not been working to discourage innovation around Bitcoin sinks deeper, a top official of the Bank of Russia has come out to say that they will not take measures to prohibit Bitcoin use in their country. While making the decision known, the Bank’s deputy...
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...
Back in August 2016, Fan Yifei, Vice President fo People’s Bank of China, has written an article elaborating the theoretical basis and framework selection of China’s fiat digital currency. He says that the legal framework of China's legal digital currency tends to follow "central bank ...
In the wake of its eighth-year anniversary, Bitcoin’s global market capitalization has crossed the $18 billion range having grown at a 24-hour rate of over 6% which saw it add over $1 billion in a day, according CoinMarketCap. Bitcoin marked its anniversary on Tuesday January 3 when the ...
Several factors including China’s economic situation have made the Bitcoin surge different from what was the case in 2013 when the price first rose above the $1000 tag but later reversed. As a result, the rising price of Bitcoin today is not likely to suffer a similar fate. Going by its recor...
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