Sentences with phrase «chinese bitcoin exchange»

The Chinese Bitcoin exchange market's daily trading volume has halved within a period of three days, from 15 percent to less than seven percent.

The reports of a travel ban on Chinese bitcoin exchange executives have surfaced following announcements confirming that the Chinese government will extend its cryptocurrency crackdown to target all bitcoin exchanges operating in China.

Many investors, traders and analysts still remain optimistic in regard to China's ban on exchanges because throughout 2017, the Chinese bitcoin exchange market only accounted for approximately 10 to 13 percent of global bitcoin trades.

Contrary to many negative reports, prominent developers, analysts, researchers and experts within the cryptocurrency and Blockchain sectors including Litecoin creator Charlie Lee and billionaire investor Tim Draper expressed their optimism toward the shutdown of the Chinese Bitcoin exchange market.

As Lee emphasized, the exit of the Chinese Bitcoin exchange market should really only have affected around 10 to 15 percent of traders in the global Bitcoin exchange market.

The post Chinese Bitcoin Exchange Executives Allegedly Must Remain in China appeared first on Bitcoin News.

Reports have emerged alleging that Chinese bitcoin exchange executives have been forbidden from leaving the country.

Chinese bitcoin exchange BTCC, one of the largest in the world, has introduced a new service for margin trading.

It is likely that as Lee and Draper noted, the closure of the Chinese Bitcoin exchange market could lead to the stabilization of the global Bitcoin exchange market, which may be beneficial for Bitcoin in the long run.

It has been reported that Chinese bitcoin exchange executives must stay in China during the government's crackdown and «clean - up» of the nation's cryptocurrency industries.

Robert Kuhne, analyst at the Chinese bitcoin exchange Huobi, told that BitLicense is «an example of an oppressive regulatory regime that will stifle innovation and ensure that New York does not become a major bitcoin center».

Volume and price on the largest Chinese Bitcoin exchange, Huobi, is higher than most of the smaller US and UK crypto - exchanges combined.

From OKCoin, the large Chinese bitcoin exchange, OKEX, based in Hong Kong was introduced late last year for crypto only assets.

Even though the Chinese bitcoin exchange market was not a major market to begin with as it only accounted for 10 to 13 percent of global bitcoin trades prior to the ban, the bitcoin mining industry of China is accountable for a large portion of the global bitcoin hash rate.

Chinese bitcoin exchange CHBTC today announced that in order to execute new requirements and regulations of the national anti-money laundering rules for cryptocurrency exchanges, the CHBTC platform has upgraded their user real - name authentication system.

OKCoin, Huobi, and CHBTC, which are considered leading mainland Chinese bitcoin exchange put notifications regarding these changes on their websites, also in emails to users.

When reached for comment, representatives from Chinese bitcoin exchange Huobi - which boasts nearly a quarter of the world's bitcoin trading market share - said that the situation is very different from three years ago.

As a result, the Chinese Bitcoin exchange market's trading volume declined significantly, only accounting for around 1 percent of global Bitcoin trades.

A Chinese bitcoin exchange, Huobi has launched a platform that will allow investors to not only deposit their cryptocurrency funds, but also to buy and sell shares on Shanghai Stock Exchange.

Major Chinese Bitcoin exchange BTCC appears to be testing withdrawals ahead of the planned March 15 deadline.

Major Chinese Bitcoin exchange BTCC -LSB-...]

OKCoin, a major Chinese bitcoin exchange, has introduced a new OKLink «Superwallet», which the company claims will transform the industry.

Chinese Bitcoin Exchange Huobi's CEO Leon Li has posted basic information regarding bitcoin and recommendations on its regulation in a recent article titled: «A Study on the Current Developing Situation and Regulation of the Bitcoin Industry.»

Bitcoin investor Roger Ver's legal fight against Chinese bitcoin exchange OKCoin is intensifying as he pushes for the firm to be liquidated.

In consideration of the recent activities within the Chinese bitcoin exchange and over-the-counter markets, it is highly likely that bitcoin will overcome the rumours of bitcoin exchange ban revealed by Caixin and mainstream media outlet the Wall Street Journal.

More importantly, the trading volume and market share of the South Korean bitcoin exchange market overtook that of the Chinese bitcoin exchange market, officially becoming the third largest bitcoin market in the world behind Japan and the US.

Chinese bitcoin exchange ViaBTC has announced it will be closing its website at the end of September — the second exchange in as many days to do so.

Past yuan devaluations have had a positive impact on Chinese bitcoin exchange trading volumes and the price of bitcoin.

BTER, a Chinese bitcoin exchange, announced it had lost 7,170 BTC (worth roughly $ 1.75 million) from its cold wallet in a hacker attack.

Chinese bitcoin exchange ViaBTC has announced it will cease trading at the end of September - the second exchange in as many days to do so.

At the same time, the One Foundation, the largest independent charity in China, started accepting Bitcoin donations, and received $ 30000 in BTC within two days from a combination of a large single donation by leading Chinese Bitcoin exchange BTCChina and many independent contributions.

Another Chinese bitcoin exchange has been forced to make several changes as the People's Bank of China continues its crackdown in the digital currency space

Chinese bitcoin exchange Bitfinex has announced that it plans to release new mobile apps for Android and iOS.

Today, yet another Chinese Bitcoin exchange — ViaBTC — has come forward to announce that it will close all its Bitcoin exchange business in China from the 30th of September.

Prior to the imposition of a nationwide ban on Chinese exchanges, the Chinese bitcoin exchange market accounted for around 10 to 13 percent of global bitcoin trades.

Today, the Chinese bitcoin exchange market accounts for less than 5 percent of global bitcoin trades and in four weeks time, China's bitcoin exchange market will have no trading activity at all.

It has been less than two weeks since the nationwide ban on Chinese bitcoin exchange ban was finalized and already, bitcoin traders in the Chinese market are already moving to Japan.

It has been less than two weeks since the nationwide ban on Chinese bitcoin exchange ban was finalized and already, bitcoin traders in the Chinese market...

Bitcoin Magazine recieved a response from major Chinese Bitcoin exchange Huobi, which indicated that the situation was still evolving.

Cryptocurrencies need to be regulated or they risk going out of control as more people invest in these digital assets, the head of a major Chinese bitcoin exchange platform warned on Tuesday.

Another Chinese bitcoin exchange, Huobi, was also down for a considerable amount of time earlier today.

Chinese bitcoin exchange BTCChina said on Thursday that it would stop all trading from Sept. 30, setting off a further slide in the value of the cryptocurrency that left it over 30 percent away from the record highs it hit earlier in the month.

The entrepreneur explain that he «got out» of the Chinese bitcoin exchange business, and now instead focuses ambitions on an international trading platform, a mining and minting operation and a cryptocurrency wallet

The entrepreneur explain that he «got out» of the Chinese bitcoin exchange business, and now instead focuses ambitions on an international trading platform, a mining and minting operation and a cryptocurrency wallet called Mobi.

That's essentially the warning Hong Kong central bank is urging consumers to heed in the wake of reports that Chinese Bitcoin exchange MyCoin allegedly stole some $ 387 million ($ 3 billion in Hong Kong dollars) in investor funds.

Earlier this week, bitcoin demonstrated early signs of recovery by rebounding beyond the $ 4,000 mark after the finalization of the closure of leading Chinese bitcoin exchanges including BTCC, OKCoin and Huobi.

Last week, several major Chinese bitcoin exchanges allowed customers to resume withdrawals of the cryptocurrency, after halting withdrawals in early February amid scrutiny from the People's Bank of China.

According to the Wall Street Journal, Chinese bitcoin exchanges would be required to collect information to identify customers as well as to install systems «for collecting and reporting suspicious trading activity to authorities; China's central bank would be in charge of handling violations by the exchanges.»

The People's Bank of China (PBoC) intends to issue an administrative notice to Chinese bitcoin exchanges OKCoin, Huobi, and BTCChina (BTCC).

Chinese officials seem to systematically decline requests for comments, local sources are willing to provide information on condition of anonymity only, while leaked documents remain unverified.Despite this lack of clarity, here's what's known so far.Effects on TradingThe most important thing we know for sure is that Chinese bitcoin exchanges will be closing down, or at least exiting China.