Bitcoin Archives - Pandaily

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.

Can Web3 Gaming Weather the New Crypto Winter?

Amid mounting pressure to the wider economy, blockchain pioneers are confident in Web3-based gaming's ability to withstand another crypto winter.

Gemini to Stop Providing Free Crypto Withdrawals

Leading cryptocurrency exchange firm Gemini will stop providing free crypto withdrawals starting June 15, according to an email sent to the platform'a users.

China NFT Weekly: NFT Sales Are Tanking

This week: Alibaba's cloud computing unit launches NFT services, Hong Kong securities regulators to tighten rules around NFT-based collective investment schemes, global NFT sales drop as investors continue to pour money into the sector, and more.

CFTC Charges Gemini Trust Company for False Statements and Omissions to the Commission

The Commodity Futures Trading Commission (CFTC) on June 2 announced it has filed a complaint against Gemini Trust Company, LLC, for making false or misleading statements of material facts or omitting to state material facts to the CFTC.

China NFT Weekly: Keeping the Metaverse Open

This week: Tencent's gaming phone brand acquisition falls through as Beijing ramps up metaverse scrutiny, Animoca Brands to make foray into education, crypto sell-off trending on Chinese social media despite crypto ban, and more.

China NFT Weekly: Earn While You Burn

This week: Chinese startup Nreal to launch AR glasses in the UK this spring, "Voices of April" NFTs highlight Shanghai residents' struggles with harsh lockdown rules, and more.

Three Chinese Industry Associations Call for NFT Regulation

Three Chinese state associations issued a joint initiative on Wednesday for curbing the financialization and securitization of NFTs, and for preventing the risk of illegal financial activities.

Over 20 Virtual Currency Companies Withdraw from Chinese Market Following Strict Regulations

According to data gathered by reporters at Securities Daily, as of October 7, over 20 virtual currency-related enterprises have announced that they would completely withdraw from the Chinese market.

Alibaba to Block Sales of Cryptocurrency Mining Machine Beginning October 8

Alibaba’s international e-commerce website announced on Monday that it would ban the sale of cryptocurrency mining machine products from October 8.

Bitcoin Trading Platform Huobi Global to Cease Registration of New China-Based Users

Huobi Global has decided to discontinue account registration for new users in Chinese mainland since September 24, and will gradually retire existing user accounts in the region by 24:00 (UTC+8) on December 31.

Sharp Slump in Bitcoin Price Issues Meitu $17.3 Million Loss

Meitu, a Chinese smartphone maker and owner of a popular photo retouching app, announced on Tuesday that it lost $17.3 million in bitcoin due to a nosedive in its value. However, the Xiamen-based company has not expressed plans to sell the cryptocurrency in the short term. Based on their prices as of June 30th, the […]

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