03:00 am

Tag: china

Bitcoin Exchange Binance Experiences Rapid Growth Rate, Targeting China No Comments

The bitcoin and cryptocurrency exchange markets are growing at an exponential rate. New exchanges and trading platforms such as Binance.com have demonstrated a significant growth rate in terms of o user base and trading volumes. Binance, founded and led by Zhao Changpeng, former CTO at major Chinese bitcoin exchange OKCoin and technical director at Blockchain.info, has been targeting the Chines...

ICO, IPO, startups, fundraising, investors

Chinese Blockchain Industry Issues Guidelines for ICO Fundraising No Comments

Following the recent spate of multi-million dollar cryptotoken crowdsales, ICOs have emerged as a new method of effective fundraising. As the number of projects opting for the ICO route of investment continues to rise, the Chinese blockchain industry associations have come up with a set of guidelines for such initiatives. According to reports, six different blockchain industry associations have...

China, Driving the Bitcoin Wagon with BitMEX and Others. newsbtc bitcoin news

Bitcoin Can’t Be Considered as Money, Says PBOC Adviser No Comments

The widespread adoption of Bitcoin among the masses has made it part of the global economic system. While the number of Bitcoin users continue to grow, there is still a lack of clarity about the cryptocurrency's status in the financial system. Countries like Japan have already assigned a legal position to Bitcoin as a currency, and there are others that are mulling regulations to bring the digital...

pboc, bitcoin, china

PBOC Opens a Digital Currency Research Institute Near Beijing No Comments

Cryptocurrency enthusiasts are aware of the PBoC's interest in digital currencies. The institution has intervened in Bitcoin affairs on multiple occasions. It now appears the PBoC Digital Currency Research Institute is up and running. The facility is located near Deshengmen, Beijing. It is quite interesting to see a bank officially acknowledge digital currency research. The PBoC has always sho...

NewsBTC Major Chinese Exchanges

Major Chinese Exchanges Process Majority of May’s Bitcoin Trading Volume in Yuan No Comments

A lot of cryptocurrency traders are relieved to hear the major Chinese exchanges are back in business. it appears these companies just continued where they left off. All platforms combined generate close to 80% of all of May's CNY trading volume. This shows smaller exchanges have not been able to make much of a name for themselves. It also shows China is not cooling off on Bitcoin just yet. ...

bitcoin, china, withdrawals

Reversal of Bitcoin Withdrawal Restrictions Could Help China Regain Its Past Glory No Comments

Things have started to look bright again for the Chinese cryptocurrency sector. The country's leading cryptocurrency exchange and trading platforms have begun allowing customers to withdraw Bitcoin from their respective accounts. The new development comes almost four months after the People's Bank of China inspected the cryptocurrency platforms in the country. Following the inspection, the cent...

NewsBTC ViaBTC Exchange

ViaBTC Ventures Into the World of Cryptocurrency Trading By Launching New Platform No Comments

Bitcoin enthusiasts will be all too familiar with ViaBTC. The company provides a mining pool and a transaction accelerator. Both services are often used by the overall Bitcoin community. However, it now appears ViaBTC wants to become a cryptocurrency exchange as well. The trading platform has launched yesterday evening, and several trading pairs are available already. This is quite an interesting ...

coinbase, bitcoin, asia, japan, india, south korea,

Increased Bitcoin Demand from Asia Overloads Coinbase and Others No Comments

Coinbase has had few troubles in the past few days, thanks to increased demand for Bitcoin among the investor and cryptocurrency community. The outages experienced by the cryptocurrency trading and wallet platform has been attributed to massive demand for Bitcoin in the Asian countries, driving the price to unprecedented levels. Bitcoin has turned into an attractive financial asset since the be...

bitcoin price

What’s Driving Bitcoin Price These Days? No Comments

The surging Bitcoin price has got the cryptocurrency community members astonished. The price trend has exceeded both expectations and earlier expert speculations. The changing scenario has encouraged the CEO of DoubleLine Capital, Jeffrey Gundlach to form a theory on the latest price surge. Gundlach's theory was covered by a leading mainstream business news outlet, which connects the cryptocurr...

NewsBTC Yuan Moody's

Chinese Yuan Takes Yet Another Big Hit Due To Downgraded Moody’s Rating No Comments

While the cryptocurrency world is in a frenzy, it is good to look at the traditional financial sector. The Chinese Yuan has started yet another value decline over the past few hours. This is the direct result of Moody's downgrading the nation's credit rating. Debt is rising and economic growth is slowing, as we expected. It is doubtful fake numbers will keep the truth hidden this time. Chinese Yu...