Tag: China

Why So Much Bitcoin Mining Concentrated in China

Why so much Bitcoin Mining is Concentrated in China

It is no secret that China is in by far the most dominant position when it comes to Bitcoin mining. Currently, China accounts for about 71% of the mining hash power in the world. This comes down to simple economics...

/ September 18, 2017
Chinese Bitcoin Investors Flee WeChat for Telegram

Chinese Bitcoin Investors Flee WeChat for Telegram

There has been quite a scare going on in China since the government decided that they wanted Bitcoin exchanges shut. Most Chinese traders would have gone onto WeChat and spoken to their local dealers in order to buy or sell...

/ September 16, 2017
OKCoin and Huobi Shutdown

Huobi and OKCoin to Suspend Yuan Based Bitcoin Trading in Ocotber

Following on from the closure of ViaBTC and BTCC, Huobi and OKcoin are closing down their Yuan based trading at the end of October. They have been given a month extra to facilitate that closure because of their size relative...

/ September 15, 2017

BTCChina Closing Exchange by October

It has become official, China’s second largest Bitcoin exchange has decided that they will be closing their operation on the 30 of September. This is an unfortunate turn for traders who were hoping that the news out of China was...

/ September 14, 2017

No Ban After All as China will Likely not Ban Bitcoin Exchanges

Was it all FUD? Was China ever really considering banning Bitcoin exchanges or was it just people who were spreading rumours based on insufficient information. There were conflicting reports by exchanges, government officials and others. These rumours were also perpetuated...

/ September 14, 2017

Even if China Bans Exchanges, Trading Will Continue

Last week was indeed a period of FUD (Fear Uncertainty and Destruction) on the Crypto markets. This was mostly as a result of news out of only one country. On Monday, Chinese regulatory authorities said that they would be banning...

/ September 11, 2017

The Chinese ICO Ban May Only be Temporary

As you may know, China banned ICOs last week Monday. They claimed that these ICOs were a breach of the country’s securities laws and hence should not be allowed to issue any more tokens. They also said that all of...

/ September 10, 2017
China Ban on Crypto Currencies Markets

Bitcoin and Crypto Currency Markets Tumble

China is back at it again. They are spooking Crypto currency markets and creating a great degree of uncertainty. This time the shock came in the form of a cryptic (pardon the pun) comment on social media that was tied...

/ September 8, 2017

China Officially Bans ICOs: What you need to know

It has now become official, the Chinese government has decided to outlaw ICOs or Initial Coin Offerings. It was issued as a joint statement by 7 of the country’s regulators in which they detailed why they viewed the new funding...

/ September 4, 2017

Will Regulated ICOs Benefit Neo?

If you have been following the Chinese ICO market recently then you may have heard the news that the Chinese regulators are considering a number of laws that would apply to the industry. This led many investors to speculate that...

/ September 2, 2017