A Chinese Government-Controlled Bitcoin Alternative Is Reportedly in the Works

China's Very Own Bitcoin Alternative is In the WorksIn the midst of a sino-U.S. trade war, the People’s Bank of China is working to develop its own cryptocurrency prototype. It apparently believes this centralized digital asset can ultimately trump BTC and perhaps even the U.S. Dollar. Also read: Bibox Buys 100% Share of Decentralized Exchange Dex.top A Love-Hate Relationship With Cryptocurrency The government of […]

The post A Chinese Government-Controlled Bitcoin Alternative Is Reportedly in the Works appeared first on Bitcoin News.

Read More

How Crypto Miners Are Adapting to Survive the Bear Market

Vietnamese Stop Importing Bitcoin Mining Rigs as Import Ban LoomsIn the current crypto bear market, miners have been battered due to the depreciation of digital assets, leaving many operations struggling to generate profit. In some cases, miners have been forced to exit the business altogether. In their absence, a number of experienced miners are capturing the bulk of the market share, according to one […]

The post How Crypto Miners Are Adapting to Survive the Bear Market appeared first on Bitcoin News.

Read More

Bibox Buys 100% Share of Decentralized Exchange Dex.top

Bibox, a Chinese digital asset exchange, has acquired 100 percent of shares in Dex.top, a decentralized ERC20 exchange that also operates from Beijing. Officials refused to discuss the price of the deal, saying it was “private.” Bibox, which handles $236 million of trading volume daily, said Dex.top will help expand its product offering. Also read: U.K. […]

The post Bibox Buys 100% Share of Decentralized Exchange Dex.top appeared first on Bitcoin News.

Read More

U.K. Cryptocurrency Exchange Cubits Shuts Down After $33M Scam

Cubits, a London-based digital asset trading platform, has been forced into administration after fraudsters reportedly stole €29 million (about $32.5 million) from the exchange in February. The company claimed “it fell victim” to an elaborate scam orchestrated in collusion with three of its clients.  Also read: Former Mt. Gox CEO Could Face 10 Years in Jail […]

The post U.K. Cryptocurrency Exchange Cubits Shuts Down After $33M Scam appeared first on Bitcoin News.

Read More

PBOC Deputy Governor Calls STOs ‘Illegal Financial Activity’

Local media has reported that the People’s Bank of China (PBOC) has banned security token offerings (STOs). Pan Gongsheng, a deputy governor of the PBOC, has mobilized the same rhetoric used with regard to initial coin offerings (ICOs) in describing STOs, accusing security token offerings of comprising “illegal financial activity.” Also Read: Federal Agents Told This […]

The post PBOC Deputy Governor Calls STOs ‘Illegal Financial Activity’ appeared first on Bitcoin News.

Read More

‘You Will Be Kicked Out’ – China Officially Bans Security Token Offerings (STO)

The People’s Bank of China (PBoC), the country’s central bank, has officially banned security token offerings (STO) in a continuation of its restrictive legislation governing digital currencies.  China: STO is ‘Illegal Financial Activity’ In continuation of its crackdown on digital currencies, China’s central bank has officially halted security token offerings, South China Morning Post reports. Speaking at an internet finance forum in Beijing, Pang Gongsheng, deputy governor at PBoC, said: The STO business that has surfaced recently

The post ‘You Will Be Kicked Out’ – China Officially Bans Security Token Offerings (STO) appeared first on Bitcoinist.com.

Read More