Articles by Cindy Wang

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China’s Regulatory Authority Warns About Risks of Initial Miner Offerings

China's Regulatory Authority Warns About Risks of Initial Miner OfferingsNational Internet Finance Association of China (NIFA) this Friday announced that IMOs (Initial Miner Offerings), represented by the token Wankebi and issued by Xunlei (NASDAQ: XNET), are ICOs in disguise and have emerged as a potentially risky model that warrants vigilance. Also Read: Exchange Problems Mount at Kraken and Coinbase but Bitfinex Reopens Registrations Risk Alert on […]

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A Visual Comparison Between Bitcoin and Other Markets

A Visual Comparison Between Bitcoin and Other MarketsThe market cap of cryptocurrencies, the world’s fastest growing asset class, has surpassed $677 billion. And bitcoin itself has surged past the payment processing company Paypal and the fast food company McDonald’s. Still, it looks tiny compared to other global markets. Also Read: Chinese Bitcoin Mining Giant Bitmain Establishes Branch in Zug, Switzerland The site The […]

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Kentucky Fried Chicken Canada Launches “Bitcoin Bucket”

Kentucky Fried Chicken Canada Launches “Bitcoin Bucket”Bitcoiners in the past few days have witnessed mainstream media spreading rumors about South Korea’s ban on cryptocurrency. This, as always, caused some panic selling. But hey, don’t be upset. Colonel Sanders is here to spread some fried chicken joy amid the crypto bloodbath. KFC Canada tweeted today they are accepting Bitcoin for the finger […]

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New Year, New Forks: World Bitcoin and Bitcoin Candy Expected Soon

New Year, New Forks: World Bitcoin and Bitcoin Candy are Expected SoonThe fork of Bitcoin Cash sparked a wave of airdrops and bitcoin-related fork projects in 2017. A new project, World Bitcoin (WBTC), is to fork at block 503,888 on or around January 12. Unlike other hard forks introducing new features to overcome Bitcoin’s limitations, WBTC will focus on building a ”global application infrastructure”, according to its […]

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Iranian Banker Calls for Cryptocurrency Acceptance

Iranian Banker Calls for Cryptocurrency AcceptanceAn official at Iran’s biggest bank called for bankers to use digital currencies themselves and design a domestic digital currency.  Also Read: Iranian Bitcoin Adoption Surges Amid Political Protests and Censorship Digital Currencies Shaping the Future of Banking Masoud Khatouni, the deputy for information technology and communications network at Bank Melli Iran (BMI), has come out […]

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Chinese Authorities Ask Local Miners to Submit Monthly Status Reports

Chinese Authorities Ask Local Miners to Submit Monthly Status ReportsXinjiang Province regulators have issued an official document informing local bitcoin miners to submit status reports on a specific schedule. Also Read: Japanese ‘Virtual Currency Girls’ Spreading Cryptocurrency Knowledge     An Orderly Exit Bitcoin mining companies were told to write a status report before Jan. 5, according to a government notice signed by a Xinjiang […]

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Huobi CEO Announces 100 Million RMB to Compensate WAX Investors

Huobi CEO Announces 100 Million RMB to Compensate WAX InvestorsHuobi CEO Li Lin said on Tuesday that he will use 100 million CNY to compensate users for their investment losses in the WAX project.  Also Read: Several Bitcoin Exchanges Are Closing Their Doors to New Traders A Pump-and-Dump Incident Huobi.pro launched an ICO token, WAX, on December 20. The opening price of the token was […]

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Chinese Programmer Arrested Over ¥20 Million Bitcoin Theft

Chinese Programmer Arrested Over ¥20 Million Bitcoin TheftThe news channel of China Central Television, CCTV13, reported this weekend that the Zhongyuan Oil Field Public Security Bureau of Henan Province (Henan Police) has been investigating a report filed by a bitcoin investor alleging that funds were stolen from his bitcoin wallet.  Also Read: Securities Lawyers Say Barry Silbert Tweets Are Red Flags for Regulators 188 […]

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Japanese Internet Giant GMO Launches Bitcoin Mining Business

Japanese internet giant GMO launches mining businessJapanese Internet leader GMO Group has announced today that it has launched a new cryptocurrency mining business through its European legal entity, as it aims to gain a better understanding of the virtual currency. Also Read: Major Korean Crypto Exchange Upbit at Center of Regulatory Controversy GMO Launches Bitcoin Mining Business Japanese conglomerate GMO Group has introduced […]

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Korean Cryptocurrency Exchange Youbit to Close After Second Hack in a Year

Korean Cryptocurrency Exchange Youbit to Close After Second Hacking in a YearSouth Korean cryptocurrency exchange Youbit has revealed plans to file for bankruptcy. The decision to close operations follows announcements that the exchange was hacked for the second time this year. Also Read: More Firms Entering the Bitcoin Market See Stocks Soar    Second Accident in a Year Youbit announced on its website on Tuesday that it […]

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