Tag: huobi

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

OKCoin Suspends Domestic Trading, Receives Extension to Operate for Another Month alongside Huobi No Comments

Chinese news reports that two of the country’s largest exchanges have been given an extra month to operate domestically. It appears OKCoin and Huobi will be allowed to continue offering services until October 31, 2017. This corresponded with an instant upswing in crypto markets with Bitcoin alone gaining $400 in just minutes. However, there is yet to be an official announcement from Beijing conf...


Huobi Will Enable ETC Deposits and Withdrawals Later Today, Trading Begins Tomorrow No Comments

Cryptocurrency exchanges always have to keep meeting market demand. In most cases, this means increasing the number of listed currencies. Huobi, one of China's largest exchanges, plans to introduce Ethereum Classic trading later today. This is a major boon for all ETC users, to say the least. It is not the first platform to recently add ETC trading either, which is rather interesting. Huobi is...


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 Ethereum Huobi

Huobi is the First “Big Three” Chinese Exchange To Enable Ethereum Trading No Comments

Bringing more liquidity to the cryptocurrency market is never a bad idea. Huobi, one of the largest Chinese exchanges, will do exactly that. The company announced Ethereum trading will go live on the platform as of today. This is quite big news for the Ethereum ecosystem. The bigger question is whether the other major Chinese exchanges will follow their lead or not. An Interesting Decision By Hu...


China Finance Regulation

Unrelenting Chinese Government Forces Exchanges to Extend Bitcoin Withdrawal Ban No Comments

The Chinese regulatory agencies have adopted a hardline stance against the country's cryptocurrency exchanges. The increasing pressure on Bitcoin platforms to implement compliance measures has forced them to extend the ban on Bitcoin withdrawals indefinitely. Three main bitcoin exchanges -- BTCC, Huobi, and OKCoin simultaneously announced the extension of withdrawal ban in the country. In a pre...


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HaoBTC Stops Offering Bitcoin Exchange Service No Comments

Things in the Chinese cryptocurrency market has hit the fan. An inspection of cryptocurrency platforms by the People's Bank of China to protect investors' interest has gradually turned into a full-blown war against cryptocurrency. Emerging reports from various segments of the Chinese cryptocurrency community suggests that the PBOC started taking increased interest in the exchanges by the end of...


Huobi CEO Pushes for Bitcoin Regulation in China. newsbtc bitcoin news.

OKCoin and Huobi to Freeze Bitcoin Withdrawals, Raises Concerns about Centralized Platforms No Comments

Bitcoin is a decentralized currency, but most Bitcoin exchanges aren't. The drawbacks of such a model are now being witnessed firsthand by the Chinese cryptocurrency community. The leading Bitcoin exchanges in the region, OKCoin and Huobi are planning to stop their customers from withdrawing bitcoin from their respective accounts. The new measures implemented by two of the country's big three e...


PBOC Bitcoin

Bitcoin Price Falls as Two of China’s Biggest Exchanges Halt Withdrawals No Comments

Following the warning issued by China’s central bank to domestic exchanges earlier today, two out of three of China's most widely used bitcoin exchanges have announced that they will suspend bitcoin and litecoin withdrawals for one month effective immediately. The move to suspend any bitcoin and litecoin withdrawals appears to be a direct consequence of the closed-door meetings between the PB...


OKCoin Puts an End to Bitcoin Margin Trading, Cites Regulations No Comments

The Chinese Bitcoin exchanges are making significant changes to their service offering. These changes follow a recent inspection of cryptocurrency platforms carried out by the People's Bank of China (PBOC). The latest announcement of such a change comes from OKCoin. In its most recent post, the platform has announced the suspension of margin trading service. The platform’s decision follows th...


BTCC

BTCC Urges Customers Not to Rely upon Media Reports on Bitcoin Regulations in China No Comments

The Bitcoin market in China is currently faced with uncertainties. Since the recent price drop, the digital currency platforms operating in the country have come under the scrutiny of the People's Bank of China (PBOC). During the recent inspection of Chinese cryptocurrency exchanges, PBOC reportedly found few “hidden risks” in their existing practices. As the central bank continues to conte...


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