Blog Archives

Chinese cryptocurrency exchange Huobi buys Quickwallet and Qukuai

Posted on 8th August, 2014

Chinese bitcoin and litecoin exchange Huobi announced this week that it has acquired two significant cryptocurrency properties: Multi-signature wallet provider Quickwallet and blockchain explorer system Qukuai. The new services will dramatically expand Huobi’s commercial offerings, and may well represent an attempt to grow the company beyond its current niche as one of the “big three” […]

BTC China adds USD and HKD deposits and withdrawals

Posted on 21st July, 2014

Major Chinese bitcoin and litecoin exchange BTC China announced today that they have added support for U.S. dollars (USD) and Hong Kong dollars (HKD) to their trading platform. The new system, currently undergoing an invite-only beta test, allows for deposits and withdrawals in both currencies under “international accounts,” while domestic accounts will be limited to […]

Report: OKCoin and Huobi plan to offer bank-like services

Posted on 14th July, 2014

It’s no surprise that cryptocurrency exchanges OKCoin and Huobi managed to recover after the slaughter of China’s “bitcoin ban” earlier this year. While other exchanges were complying with the rules established by the People’s Bank of China (PBoC), and hoping that the still-tiny bitcoin industry would fly under the regulators authority, OKCoin and Huobi were […]

Report: Chinese bitcoin startups quietly on the rise

Posted on 10th July, 2014

It has been months since the People’s Bank of China officially choked off access to the banking system for the country’s native bitcoin exchanges. Just how effective this policy has been at quelling interest in cryptocurrency in China is open to debate, there’s no question that the PBoC’s policies and pressure have had a chilling […]

Report: Chinese Payments Association moves to block all bitcoin activity from banking sector

Posted on 15th June, 2014

Earlier this year, the People’s Bank of China did almost everything within its power to discourage large-scale trading in bitcoin. When threats and warnings didn’t work, it forbade bitcoin companies from using the country’s payment system. Exchanges soon found ways around this, working with third-party processors to obscure payments. When bitcoin prices and trading again […]

Report: Former Blockchain executive joins OKCoin

Posted on 12th June, 2014

Over the course of 2013, Changpeng Zhao helped Blockchain grow from a small startup to one of the biggest names in the bitcoin industry. As the Head of Development, Zhao guided the company through countless stages, helping to launch a suite of storage and analysis tools used by people and companies across the globe. Anyone […]

Report: Bitcoin ATM hints virtual currency still growing in China … quietly

Posted on 29th May, 2014

In a report published today on the Wall Street Journal‘s MoneyBeat blog, reporter Michael Casey claims that bitcoin adoption is still growing in China, although those involved are being less boisterous about it. The article cites the recent launch of China’s first two-way Robocoin ATM in Beijing’s art district as a prime example. Although the […]

Report: Huobi and OKCoin discuss bitcoin’s future in China

Posted on 19th May, 2014

China’s six-month banking crackdown on bitcoin-related businesses has resulted in huge headaches for the entire cryptocurrency community. Due to the People’s Bank of China strangling of local bitcoin exchanges’ access to the country’s banking system, there is significant doubt about the future of bitcoin in mainland China. Many smaller exchanges, such as FXBTC, have already […]

Report: Is China blocking bitcoin websites?

Posted on 16th May, 2014

BTC China CEO and Bitcoin Foundation board-member elect Bobby Lee thinks China may be blocking bitcoin-related sites. Speaking with CoinDesk today, Lee said that he’s hearing regular reports of users being unable to access websites such as Coinbase, Blockchain and BTC-e in otherwise normal browsing sessions. Lee reports that the “locking of these websites seems […]

U.S.-China trade commission issues new report about bitcoin

Posted on 14th May, 2014

The U.S.-China Economic and Security Review Commission (USCC) was established by Congress in 2000 to “report on the national security implications of the bilateral trade and economic relationship between the United States and the People’s Republic of China.” In other words, the USCC issues reports on major trading trends between the two nations, as well […]