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 […]
This post Chinese Cryptocurrency Aficionados Flee To Hong Kong first appeared on Coinjournal.
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 […]
This post Down 38%: Bitcoin Stumbles Amid Regulatory Uncertainties In China first appeared on Coinjournal.
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 […]
This post India’s Central Bank Says Digital Currencies Are ‘Susceptible to Misuse’ first appeared on Coinjournal.
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 […]
This post Central Bank of Finland: Bitcoin Can’t and Doesn’t Need to be Regulated first appeared on Coinjournal.
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 […]
This post Putin’s Advisor is Raising $100 Million to Rival China’s Bitcoin Mining Industry first appeared on Coinjournal.