Bitcoin Archives - Pandaily

Meitu Made Nearly 600 Million by Selling Cryptocurrency

On December 4th, Meitu announced that it had liquidated its cryptocurrency holdings, making a profit of approximately 571 million yuan.

Bitmain Temporarily Halts Employee Salary Payments

Chinese Crypto mining machine manufacturer Bitmain has reportedly suspended employee payments for September.

The U.S. Commodity Futures Trading Commission Sues Binance Founder CZ

On March 28th Beijing time, the US Commodity Futures Trading Commission (CFTC) filed a lawsuit against CZ, the founder of cryptocurrency exchange Binance, accusing the company of intentionally providing unregistered cryptocurrency derivative products in the United States in violation of federal laws.

Hong Kong Plans to Allow Retail Investors to Trade Cryptocurrencies

On February 20, the Hong Kong Securities and Futures Commission proposed new rules that would let retail investors trade certain "large-cap" cryptocurrencies on licensed exchanges. This move comes in contrast to mainland China's strict crackdown on crypto trading.

Keyrock: Liquidity Makes Blockchain Matter

Why does blockchain matter? People might have different answers to this question. To Kevin de Patoul, the co-founder of Keyrock, a digital-asset market maker, blockchain enables the market to provide liquidity on a broader scale of asset types.

Binance Takes Lead in Size of Bitcoin Reserves

Data from analytics site CryptoQuant recently revealed that Binance has surpassed Coinbase Pro, a leading crypto exchange platform, to reach the top rank in terms of Bitcoin reserves on the exchange for the first time.

Defendant in ETH Theft Case in China Sentenced to Over 10 Years in Prison

The defendant in a cryptocurrency theft case in Southeast China has been sentenced to 10 years and six months in prison and fined 200,000 yuan ($28,240).

Hong Kong to Legalize Retail Crypto Trade as Mainland Ban Persists

A planned mandatory licensing program in Hong Kong for crypto platforms set to be enforced in March of next year will reportedly allow retail trading. Regulators are seeking to allow listings of bigger tokens but won't endorse specific ones like Bitcoin or Ether.

Crypto Mining Firm Canaan Launches Cutting-Edge Bitcoin Mining Rigs

Chinese crypto mining rig manufacturer Canaan Inc. on October 24 launched the Avalon Made A13 series, a new generation of bitcoin mining machines.

Crypto Mining Pool Poolin’s Low Liquidity Leads to Withdrawal Difficulties

In response to withdrawal difficulties faced by many of its users, Kevin Pan, the founder and CEO of global crypto mining pool Poolin, recently said that the situation has been caused by a lack of liquidity, and that funds are safe.

Bitcoin’s Market Cap Surpassed by Tencent

Bitcoin's market cap now stands at $379.39 billion, down 7.52% in the past seven days and overtaken by Chinese tech giant Tencent, as its price continues to fall, according to 8MarketCap.

Bitcoin Mining Platform Moxian Divests Chinese Subsidiaries Amid Local Regulations

Moxian, a Nasdaq-listed company engaged in bitcoin mining and related services in the United States, announced on August 15 that its wholly-owned subsidiary has transferred all equity interest of Moxian (Hong Kong) Limited to Liu Jiantao, a resident of China.