Blog Archives

Chinese exchange BTC38 halts fiat transactions in anticipation of bitcoin ban

Posted on 2nd April, 2014

Last week, Chinese business newspaper Caixin reported that the People’s Bank of China had plans to ban all banks and third-party financial systems from working with the country’s 15 bitcoin exchanges. The rumor sent bitcoin prices into a steep plunge, dropping to around $450. Today, those rumors have a bit more fuel. Chinese exchange BTC38 […]

OKCoin secures $10 million in funding, aims to become China’s largest exchange

Posted on 16th March, 2014

Even with official bitcoin policy in China ranging from skeptical to hostile, venture capitalists and angel investors don’t see to be very concerned about the future of cryptocurrency in the country. This week, Chinese exchange OKCoin announced it had raised $10 million in investment funding from Ceyuan, Mandra Capital, VenturesLab and other VC groups. The […]