Binance’s BNB Price Up over 10000% in 6 Months!   Who will be the Next BNB in Exchange Token Competition? Bitcoin

Binance’s BNB Price Up over 10000% in 6 Months! Who will be the Next BNB in Exchange Token Competition?

Aside from ICO, there is a new way to fuel cryptocurrency mania: launching Exchange Tokens. An increasing number of digital currency exchanges,especially China-related markets, like Binance, Huobi Pro, OKEx, have launched their own tokens, and see an explosive growth. Even when bitcoin experiences a slump amid wider crypto drop, newly-launched exchange tokens are sold out in just few minutes. Exchanges Race to Issue Proprietary Tokens Huobi Pro, a subsidy of Huobi Global, officially released its Huobi global points—Huo Token(HT) on January 24. The token is distributed for free with the purchase of Huobi’s Point Card Packages. According to Huobi Pro,...
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Chinese Scholar Provides 6 Effective Ways to Protect Cryptocurrency Investors Bitcoin

Chinese Scholar Provides 6 Effective Ways to Protect Cryptocurrency Investors

On the evening of March 6, Yang Dong, Deputy Dean of Law School and director of the Fintech  and Internet Security Research Centre of Renmin University, shared his report titled “Why Investor Protection and Education are the Most Important Things to the Blockchain Industry at Present” in the “3 o’clock Sleepless Blockchain” WeChat Group.  First of all, he analyzed the development situation of the current blockchain industry and drew a conclusion that this industry is full of serious risks and scams. Since there is no settled threshold for investors, some ICO platforms used a so-called “new technology” as a gimmick to trick investors. “Pump and dump” scams and illegal market manipulation are also involved, and investors have to bear...
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Netease CEO Ding Lei: I Have Never Owned Bitcoin Bitcoin

Netease CEO Ding Lei: I Have Never Owned Bitcoin

An anonymous trader has sunk 1 billion dollars to buy 96,000 bitcoins recently and the mysterious whale is possibly be William Ding Lei, the low-profile founder and CEO of Chinese gaming giant Netease (NASDAQ:NTES), according to a website. Shortly afterwards, Ding Lei quashed the rumor by saying that he has never owned a bitcoin , but is concerned about the development of blockchain technology on his Wechat Moments. Ding Lei is without doubt a blockchain enthusiast. In early January, Mr. Ding participated in the early financing of ArcBlock, a US blockchain startup which is claimed as the world’s first blockchain ecosystem for building and deploying...
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What Kind of Decentralization That We Need? Bitcoin

What Kind of Decentralization That We Need?

Jiang Zhuoer retweeted an article titled:What kind of decentralization that we want? with his opinions. Written by Ying Yuan, the article claims that mining industry has no barrier other than funds while the coding side is under strict control by a few therefore mining is an open market, whose decentralization is what users desire. Below are some excerpts and Jiang’s comment. Ying Yuan elaborate the ideal decentralization in the bitcoin ecosystem. The Bitcoin mining industry has almost no such barrier. Bitmain is the biggest producer of miners in the world. But the technical barrier of this industry is not high. On...
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99% Hackers Eye On Cryptocurrency: We Never Buy It, We Steal It Bitcoin

99% Hackers Eye On Cryptocurrency: We Never Buy It, We Steal It

According to Yibencaijing (a FinTech media in China), a hacker interviewed recently said that there will be 99% of hackers turning their eye on cryptocurrency. They are in a completed industrial chain cooperating to collect information, hack where they aimed and finish ‘coin’ laundering. The core reason for them boldly doing this is that cryptocurrency is still in the gray zone, and many countries have not legitimized it. Newly-founded exchanges are their perfect target. There are two ways in which they can steal cryptocurrency: Find the “pool” of the exchange and take the “coin” away; Find some user’s wallet’s account password and...
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Any Cryptocurrency Whose Market Cap Reaches over 50% Of Bitcoin Is Overvalued Bitcoin

Any Cryptocurrency Whose Market Cap Reaches over 50% Of Bitcoin Is Overvalued

Translated and edited based on a weibo titled “Why Am I Saying Any Virtual Currency Whose Market Cap Reaches 50% Of Bitcoin Is Overvalued?” by a finance blogger and weibo big V (user who has 500,000+ followers) named Baozoubeiwei (Chinese “暴走北纬“). Recently I noticed that ETH has already had a market cap bigger than BTC’s 60%, and said that any cryptocurrency whose market cap reaches over 50% of bitcoin is overvalued. I didn’t expect it would bring about so much response, so I’m talking more about it and giving my explanation. Theoretically, when we discuss value, the more detailed it is divided, the...
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24h Volume of VIA Soar To 25,000 BTC Due To Irregular Trade On Binance Bitcoin

24h Volume of VIA Soar To 25,000 BTC Due To Irregular Trade On Binance

Words that Binance was hacked first appeared in wechat group around 1am 8 March (Beijing Time GMT+8). Some users account dumped alts for btc and then bought an altcoin called VIA, highest price of which was 0.025 BTC. It was 100 times more than its usual price at around 2,300 satoshi. 24h volume of BIA/BTC on Binance is around 14,197 BTC as of 16pm today. Bittrex and upbit recorded 6,322 BTC and 5,486 BTC volume accordingly. Meanwhile, BTC rate took a nose dive and dropped from around 11,700 USD to around 9,400 USD but soon recovered some loss. Zhao Changpeng,...
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Watch Out! Venezuela’s Petro Could be A Big “Trap” Bitcoin

Watch Out! Venezuela’s Petro Could be A Big “Trap”

Venezuela president Nicolas Maduro announced in a tweet late Tuesday that the launch of his country’s oil-backed token, Petro, has raised $735 million USD in its first day pre-sale. However, the well-know financial columnist Xiao Lei considered that, there maybe a big “trap” behind the Petro. Venezuela plans to issue around 100 million Petros, each Petro worth $60 USD. This cryptocurrency was first mooted in December 2017 and it is backed by oil, gas gold and diamond reserves. Venezuela aims to use this token to attract investment from Turkey, Qatar, America and Europe according to the country’s cryptocurrency regulator Carlos Vargas. Maduro...
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Will Bitcoin Exist In 10 Years? Bitcoin

Will Bitcoin Exist In 10 Years?

Despite bitcoin’s gain in popularity, most economists and financial experts across the world call it a “bubble” and do not take kindly to this new form of money. So how about the views from a philosopher? “ Bitcoin will not exist in 10 years, and some other cryptocurrencies are possible to take off then.” Professor of Philosophy at National Taiwan University Yuan Juzheng said. Professor Yuan shared his insights into bitcoin investment at a private-equity firm’s annual meeting in Hangzhou last Saturday. He is also a scholar delving into the investment philosophy of billionaire liberal philanthropist George Soros. He mentioned that bitcoin is...
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Governor of PBoC : Bitcoin is Not Accepted in China while National Digital Currency is Welcomed Bitcoin

Governor of PBoC : Bitcoin is Not Accepted in China while National Digital Currency is Welcomed

March 9, People’s Bank of China (PBoC) governor Zhou Xiaochuan, vice governor Yi Gang, vice president and the head of State Administration of Foreign Exchange Pan Gongsheng discussed issues on “financial innovation and financial development” in the “two sessions”. When asked digital currency related questions, Governor Zhou Xiaochuan stated that bitcoin and other cryptocurrencies haven’t been recognized as a legitimate retail payment instrument yet, related financial services also cannot be accepted or recognized by PBoC at present. However, the central bank shows its interested in issuing a national digital currency. Wan Zhe, chief economist of the National Development and Reform...
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