Chinese Cryptocurrency Aficionados Flee To Hong Kong

Chinese Cryptocurrency Aficionados Flee To Hong Kong

China’s cryptocurrency clampdown has forced mainland investors and entrepreneurs to find ways to bypass the restrictions. Founders of cryptocurrency projects are now turning to Hong Kong exchanges for alternative listing of their tokens, while investors are exchanging their bitcoins peer-to-peer. Aurelien Menant, founder and CEO of Hong Kong-based cryptocurrency exchange Gatecoin told the South China […]

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Down 38%: Bitcoin Stumbles Amid Regulatory Uncertainties In China

Down 38%: Bitcoin Stumbles Amid Regulatory Uncertainties In China

The price of bitcoin has fallen 38% since the beginning of this month as Chinese authorities are tightening their grip on cryptocurrencies. BTCChina, one of the biggest exchanges in China, announced on Thursday that it will close down its trading operations by September 30, while BitKan, a leading cryptocurrency trading app has already suspended over-the-counter […]

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India’s Central Bank Says Digital Currencies Are ‘Susceptible to Misuse’

India’s Central Bank Says Digital Currencies Are ‘Susceptible to Misuse’

India’s central bank has said to a parliamentary committee that digital currencies are ‘susceptible to misuse or abuse.’ In March, India’s finance ministry set up an interdisciplinary committee tasked with looking into cryptocurrencies such as bitcoin after they had become ‘a cause for concern.’ Tasks included determining the status of digital currencies in India and […]

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Central Bank of Finland: Bitcoin Can’t and Doesn’t Need to be Regulated

Central Bank of Finland: Bitcoin Can’t and Doesn’t Need to be Regulated

In a research discussion paper entitled “Monopoly without a monopolist: an economic analysis of the bitcoin payment system” the central bank of Finland solidified its stance towards bitcoin and its optimism in regard to the emergence of a truly decentralized financial system. The paper written by researchers, Gur Huberman, Jacob Leshno, Ciamac Moallemi delves deep […]

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Putin’s Advisor is Raising $100 Million to Rival China’s Bitcoin Mining Industry

Putin’s Advisor is Raising $100 Million to Rival China’s Bitcoin Mining Industry

Dmitry Marinichev, one of Russian President Vladimir Putin’s internet advisors, is planning to raise $100 million to finance a mining venture through an initial coin offering (ICO), Bloomberg has reported.  Over the past few years, China-based Bitmain, arguably the largest and most influential bitcoin mining equipment manufacturer in the world, has invested tens of millions of dollars […]

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