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Bitcoin Price: Which Countries Have the Biggest Premiums?

Analysis Up until early 2018, major cryptocurrency markets the likes of South Korea and Japan demonstrated high premiums for Bitcoin. At the 2017 peak, when the Bitcoin price was trading at around $20,000 in the U.S. spot market, Bitcoin was being traded in South Korea’s cryptocurrency exchange ma..

‘Hurun China Rich List 2019’ Features 12 Crypto Magnates

News "Hurun China Rich List 2019” published by Hurun Report, a research, media and investments firm, features 12 local cryptocurrency magnates. The latest list was published on Oct. 10 and includes co-founders of mining giant Bitmain Micree Zhan and Jihan Wu, founder of major crypto exchange Binan..

Major Chinese Bank Updates Blockchain Platform After $50 B Transacted

News The China Construction Bank (CCB) officially released the second version of its blockchain trading platform, which reached 360 billion yuan ($50 billion) in cumulative transaction volume. CCB will actively promote blockchain platformOn Oct. 9, Xinhua news agency reported that CCB, one of the ..

Official: Alipay to Ban All Bitcoin-Related Transactions

News Alipay, a digital payment arm of Chinese e-commerce giant Alibaba, declared that it will be banning any transactions related to Bitcoin (BTC) or other cryptocurrencies. Combating illicit playersOn Oct. 10, Alipay has reiterated its anti-crypto stance in a Twitter thread, elaborating that the ..

Binance Starts Accepting Fiat Currencies Through Alipay and WeChat

News Major cryptocurrency exchange Binance has begun accepting fiat currencies through online payment service Alipay and mobile messaging and payment app WeChat, CEO Changpeng Zhao (CZ) confirmed in a tweet on Oct. 9. Zhao was quick to clarify that, while it is accepting fiat through the aforement..

Binance Launches P2P Trading for Chinese Yuan

News Major cryptocurrency exchange Binance has launched peer-to-peer trading for Bitcoin (BTC), Ether (ETH) and Tether (USDT) against the Chinese Yuan (CNY). In an announcement published on Oct. 9, the exchange revealed that the service will be initially available to Android users who already have..

Hong Kong Citizens Struggle to Withdraw Cash in “Bank Run”: Bitcoin Fixes This

Over the past few months, Hong Kong, a Special Administrative Region of China, has been subject to countless protests by pro-democracy demonstrators. These individuals fear that the mainland Chinese government, which pledged in 1997 to keep the previously British region separate from Beijing until ..

Ex-Federal Prosecutor: US Blocking Libra Has National Security Implications

News Ex-federal prosecutor and now Andreessen Horowitz partner Katie Haun has argued that the United States blocking Facebook’s Libra digital currency will have national security implications. Haun’s comments were reported in a CNBC profile published on Oct. 6. “Frankly a dangerous precedent” to s..

US Response to Facebook’s Libra Is ‘Ridiculous,’ says Coinbase CEO

News Brian Armstrong, CEO and co-founder of major crypto exchange Coinbase, tweeted on Oct. 5 that he expects the United States government to react to China’s stablecoin project by reconsidering its “ridiculous” response to Facebook’s Libra digital currency. The U.S. government wants to be left be..

CBMI Partners With Sequoia-Backed Startup to Develop DeFi Services

News China Merchants Bank International (CBMI) is partnering with Nervos Network — a Chinese blockchain startup founded by a former researcher and developer of the Ethereum Foundation. A press release published on Oct. 3 revealed that the new partnership will focus on jointly developing decentrali..

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