Category: China
-
P2P Markets: Russian Localbitcoins Trade Outpaces Venezuela
During the week of March 2, roughly 14,365 BTC changed hands via peer-to-peer (P2P) exchange Localbitcoins, equating to approximately $51.51 million worth of trade. Of that, 3,593 was BTC traded via the Russian markets, 83 percent more volume than was produced by Localbitcoins’ second-largest market, Venezuela. Also Read: Turkish Real Estate Agency Sells 9 Houses…
-
Former Bitmain Employees May Find Refuge in a Spinoff Startup Called Matrix
According to regional reports, members of Bitmain Technologies and other connected subsidiaries like Copernicus are starting an offshoot company called Matrix. It is not officially known yet just what Matrix will do but some sources allege that the new spinoff will offer cryptocurrency lending services, an over-the-counter (OTC) desk, and custody solutions. Also read: Survey…
-
Reviewing EOS’s Ongoing Development Since Its Mainnet Launch In June 2018
EOS, a third-generation blockchain-based cryptocurrency platform designed to enable the “vertical and horizontal scaling of decentralized applications,”, has “at least 260 projects being built” on its network. That’s according to Block.one, a Caymans Islands-headquartered technology company that raised a record $4 billion via an initial coin offering (ICO) in order to develop EOS, which has…
-
China’s New Crypto Ranking: Bitcoin Upgraded, Tron Debuts Near Top
China’s Center for Information and Industry Development has released its latest ranking of crypto projects. A total of 35 projects were evaluated this month, with Tron debuting near the top of the list. Meanwhile, Bitcoin has climbed up the ranking slightly. Also read: Bitcoin Climbs up China’s First Crypto Ranking of 2019 New Ranking, Tron…
-
Hong Kong Crypto Exchange Coinsuper Shifts Focus to Institutional Investors
Hong Kong-based cryptocurrency exchange Coinsuper is reportedly shifting its focus from retail traders to institutional investors. This is the latest example of how regulations and trading volumes moving to OTC platforms are impacting the business strategies of crypto exchanges. Also Read: University of Michigan Endowment Backs Crypto Venture Capital Fund Coinsuper Exchange Pivots Focus Coinsuper,…
-
In the Daily: Elon Musk Talks Bitcoin, Shanghai’s Fudan University, Xdat Exchange
In this edition of The Daily we cover some largely supportive remarks the famous entrepreneur Elon Musk has made about Bitcoin, the latest academic institution to launch a blockchain R&D center, and a new offering from Malta-based exchange Xdat. Also Read: Bank of Spain Report: Bitcoin Is a Solution for a System Without Censorship Elon…
-
Bitcoin Cash-Focused Ifwallet Implements Cash Accounts Name System
Last month, on the 10th anniversary of the Bitcoin genesis block, Bitcoin Cash (BCH) developer Jonathan Silverblood launched his Cashaccount.info platform. The Cash Accounts platform allows users to tether human-readable names to BCH addresses in order to make payments easier. Now the Chinese BCH light client Ifwallet has become the first public wallet with Cash…
-
Chinese Miners Flock to Sichuan for Cheap Electricity During the Wet Season
Over the last two months, the hashrate between the Bitcoin Cash (BCH) and Bitcoin Core (BTC) networks has increased significantly since hitting a low on December 15, 2018. Numerous reports detail that many Chinese miners who control a large portion of SHA-256 hashrate have been recently setting up shop in Sichuan. During the wet season…
-
Bitcoin Climbs in China’s First Crypto Ranking of 2019
China’s Center for Information and Industry Development has released its latest ranking of 34 crypto projects. This is the first update for 2019, but it is the ninth update overall. Bitcoin has been upgraded from the previous ranking while the top two positions remain unchanged. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for…
-
Why a Global Recession Would Be Good for Bitcoin
Macro trends suggest that a global economic crisis could be looming. Worries about a global recession have been fed by the newly published GDP report showing that China grew at its slowest rate last year since 1990. If a global recession were to happen in the future, many believe that cryptocurrencies, bitcoin primarily, would benefit.…