Chinese Miners Short BTC Markets to Hedge Against Falling Prices

News The price of bitcoin core (BTC) has dropped considerably over the past few months, significantly affecting individuals and organizations that mine the cryptocurrency. According to recent reports, many miners in China are now short selling bitcoins to hedge against falling digital asset prices. Also Read: Markets Update: Cryptocurrencies Are Still Blood Red Some Chinese Miners […]

Chinese Government-Backed Company to Launch Stablecoin by February

Finance Grandshores Technology Group is a public company affiliated with a 10 billion yuan ($1.5 billion) fund backed by the government of Hangzhou, the capital of China’s Zhejiang Province. It is known to be developing a new stablecoin, which is now expected to hit the market by February 2019. Also Read: Paxful Completes Second School […]

Chinese Crypto Billionaire to Help Lead Hong-Kong-Listed Blockchain Firm

Veteran Chinese crypto investor Li Xiaolai has joined a blockchain firm listed on the Hong Kong Stock Exchange as an executive director and co-CEO, effective Dec. 3. The company, Grandshores Technology Group, announced Monday that Li will now oversee various blockchain-related projects including the creation of a fiat currency-linked stablecoin, work on trusted execution environment (TEE) applications […]

Security Token Offerings ‘Illegal,’ Says Beijing Financial Watchdog

Huo Xuewen, chief of Beijing’s Municipal Bureau of Finance, has warned projects against holding security token offerings (STOs). At a recent wealth management forum hosted by the bureau on Saturday, Huo said that STO fund-raising activities are “illegal,” at least in Beijing. “I will issue a risk warning to those who promote and issue STO […]

Japanese Cryptocurrency Exchange to Relaunch as Part of Huobi After Buyout

Exchanges A regulated Japanese cryptocurrency exchange is shutting down to relaunch as part of the Huobi family. The new exchange will support six cryptocurrencies and 11 trading pairs. Existing Bittrade customers need to open new accounts, complete KYC verification, and transfer their assets to the new platform. Also read: Indian Supreme Court Moves Crypto Hearing, Community […]

China’s Tencent Warns of Bug in NEO’s Blockchain That Allows Hackers to Steal Tokens Remotely

Tencent’s Security Joint Lab has notified users of the Neo (NEO) blockchain of a potential bug that allows hackers to remotely steal tokens native to the blockchain. The vulnerability affects the popular Gas (GAS) tokens. The team notified the crypto and blockchain community via the popular micro-blogging website of Weibo. The notification has been translated by Google […]

Report: Bitcoin Mining Doesn’t Fuel Climate Change, It Benefits the Global Economy

Mining The majority of bitcoin miners — about 78 percent — use renewable energy to power their mining operations, while preventing surplus electricity from going to waste in countries such as China, a new study by Coinshares has revealed. The U.K.-based digital asset management company argues that “bitcoin mining may in fact be acting as […]

Chatter Report: Buy Walls, Miner Anonymity and Bitcoin vs. the State

News In today’s edition of Chatter Report, crypto influencers debate the importance of buy walls to support crypto prices, reason for and against miner anonymity and ponder the outcome of governments attacking bitcoin. Also read: Markets Update: Bull Trap or Reversal? Traders Question the Recent Crypto Spike Hodlers of Last Resort and Buy Walls Early […]

China Revises Crypto Ranking — BTC Upgraded

Finance China’s Center for Information and Industry Development has updated its crypto project ranking for this month, moving BTC up several places while still favoring EOS and Ethereum. The center explains its evaluation model and outlines future projects. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations China’s Crypto Ranking Update China’s […]

Chinese Startup Gets Crypto Custodial Services License in Hong Kong

Security Cryptocurrency custodians are third parties that store large amounts of digital assets for institutions, hedge funds, exchanges and issuers of initial coin offerings. Companies in Hong Kong now have a new locally regulated option, which could help to increase investor confidence. Also Read: You Can Now Withdraw Split BCH and BSV Coins From Coinex […]