Huobi has Completed Shares Delivery with Pantronics Holdings Limited, Only One Step Away from Its Backdoor Listing Bitcoin

Huobi has Completed Shares Delivery with Pantronics Holdings Limited, Only One Step Away from Its Backdoor Listing

October 5, the Singapore-headquartered world leading cryptocurrency exchange Huobi has issued a joint announcement with Pantronics Holdings Limited, a Hong Kong-listed electronic products manufacturing firm to state that, the delivery of their stock acquisition agreement has been made. This announcement pushes aside the concerns about the Huobi’s stock acquisition. However, it does not mean that Huobi has already successfully acquired Pantronics Holdings Limited by now, as it’s still depends on attitude and final decision made by the Hong Kong Securities and Futures Commission (SFC) and the Stock Exchange of Hong Kong (SEHK). The announcement disclosed the details of the delivery. Huobi...
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The First Sue Case between Two Chinese Bitcoin Big Players Bitcoin

The First Sue Case between Two Chinese Bitcoin Big Players

Li Xiaolai, a man described by South China Moring Post as “China’s most high profile bitcoin tycoon” has been involved in a sue case, shortly after he announced that personally will not invest in blockchain projects in the future. In October 11, 2018, Li Xiaolai, the richest Chinese bitcoin tycoon sued Chen Weixing, for misusing the internet to infringe on reputation disputes, the trial will be heard at Hangzhou Court of Internet. Chen Weixing is the founder and CEO of Kuaidi Dache, a Chinese taxi-hailing APP. He is working on an “Uber on the blockchain” project named Dache Chain at present. In...
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Bitcoin Price Will Double, Miners with 60-80W/T Be the New Trend, Voices From Chinese Crypto Mining Industry Bitcoin

Bitcoin Price Will Double, Miners with 60-80W/T Be the New Trend, Voices From Chinese Crypto Mining Industry

Despite the recent sluggish in the crypto market, industry insiders are predicting that bitcoin will double in value on a yearly basis. Talking at the New Era Mining Industry Summit held in Chengdu China on October 14, where gathered Chinese bitcoin miner makers like Canaan, MicroBT, and Innosilicon, as well as mining pool operators, Wu Gang, CEO of Bixin, a crypto wallet provider and mining pool operator based in China, told the audience his suggestion to survive from the bear. “No futures transaction, no gambling. Hold bitcoin instead of other altcoins; cryptos that are not mined are ‘air coins’.” He...
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Director of ConsenSys Solutions Paris Jerome: Ethereum Is Going To Be Bigger in the Next Bull Market Bitcoin

Director of ConsenSys Solutions Paris Jerome: Ethereum Is Going To Be Bigger in the Next Bull Market

Jerome, with many labels such as an economist, blockchain enthusiast, Ethereum miner and devoted developer, is now better known as the director of ConsenSys Solutions in Paris. For most people in China, ConsenSys may not be a familiar name to them, while its founder Joseph Lubin is a big name in the sector who scored a billion-dollar fortune and was ranked the fifth most influential in blockchain 2017. Founded in 2015, ConsenSys serves as a software foundry to develop decentralized software services and application that operate on the Ethereum blockchain. With the ambition of facilitating the empowerment of people and...
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China Can Still Hurt Bitcoin Bitcoin

China Can Still Hurt Bitcoin

A new paper has looked into how China’s capability can threaten the security, stability, and viability of Bitcoin based on its dominant position in the ecosystem. In The Looming Threat of China: An Analysis of Chinese Influence on Bitcoin, the authors touch on what could be China’s motivation to undermine Bitcoin, its strong influence over the cryptocurrency and the class of attacks the Asian giant can deploy against Bitcoin. The report says China has several motivation to undermine Bitcoin
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Price Drop 10% in Hours, Stablecoin USDT Seem not Stable Today Bitcoin

Price Drop 10% in Hours, Stablecoin USDT Seem not Stable Today

The 1:1 U.S. dollar-backed stablecoin USDT seemed not so stable today as its price once tumbled over 10% merely in hours down to $0.9. Starting from 13:40 (GMT+8) October 15, the stablecoin has seen abnormal price swings, and its OTC (over-the-counter) prices then began to drop, which soon pushed up the price of mainstream cryptocurrencies particularly bitcoin, as FUD investors either sold it out of panic or traded it into bitcoin. What happened to the dominant stablecoin? According to market information, the only related news is a notice from crypto exchange Kucoin saying USDT deposits and withdrawals are temporarily closed for USDT wallet maintenance,...
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Zhao Dong :Bitfinex’s USD Assets Have Been Moved To Another Safer Bank Bitcoin

Zhao Dong :Bitfinex’s USD Assets Have Been Moved To Another Safer Bank

Zhao Dong, a famed Chinese OTC bitcoin trader and a shareholder in the world’s leading crypto exchange Bitfinex, took to the social media site Weibo on Monday claiming that it was a fake news that Bitfinex has built a relationship with HBSC, and the assets of the exchange and its affiliated firm Tether have moved from the Puerto Rican’s Noble Bank to a safer one. His comments come in the wake of a recent swathe of online rumors that the Hong Kong-based exchange and Tether, the venture behind the U.S dollar-pegged crypto,USDT, were facing insolvency due to their banking partner,...
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Bull Run: Keep Expectations low to Avoid Disappointment Bitcoin

Bull Run: Keep Expectations low to Avoid Disappointment

The next crypto bull run, if it ever comes again and soonest, will likely happen when least expected, just as the spike seen in the past 24 hours. The unexpected Tether sell-off on Oct. 15 pushed Bitcoin’s price by about 12% from $6300 to $7200, supporting the view that a crypto bull market cannot be tied to a fixed date or duration. Bull run could be triggered with no fixed start point
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Tether’s Fall Opens Other Stablecoins to Crypto Exchange Support Bitcoin

Tether’s Fall Opens Other Stablecoins to Crypto Exchange Support

Several new developments have taken place in the crypto market since Tether (USDT), the world’s largest stablecoin, lost its dollar peg ( 1$–1 USDT) on October 15. In particular, key exchanges have shown support interest for stablecoins as Tether’s value drop caused major price discrepancies between BTC/USDT and BTC/USD trading pairs. Coming a day after Tether broke its peg in the opposite direction to fall to an 18-month low of about $0.87, Gemini dollar (GUSD) saw its price hit an all-time high of $1.19 on Tuesday. Huobi is the latest to offer support for four stablecoins. The exchange noted that...
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