Digital trading platform BitMEX exits US, Quebec as pressure mounts Digital trading platform BitMEX exits US, Quebec as pressure mounts
BitMEX, the bitcoin futures exchange that has leased Hong Kong's most expensive office in Cheung Kong Center for US$600,000 a month, has been shutting down client trading accounts in the US and the Canadian province of Quebec, as global regulators intensify their crack down on unlicensed cryptocurrency trading platforms. The development comes at the same time as the Hong Kong-based company notifying users in North Korea, Iran, Syria, Cuba, Sudan and Sevastopol in the Crimea since the fourth quarter of 2018 against holding positions or trading on BitMEX, as these are restricted jurisdictions. According to the company's website, overall trading volume on the exchange in the past one year stood at US$965 billion. This item was discovered by us on 2019-01-15 17:17:57. Share this content on social media: Related crypto assets include MEX. Have a look at www.scmp.com to find more similar content. Reply to Topic

BITMAIN REPLACES CEO JIHAN WU AFTER BITCOIN CASH GAMBLE FAILS BITMAIN REPLACES CEO JIHAN WU AFTER BITCOIN CASH GAMBLE FAILS
Bitmain Technology, the world's biggest maker of cryptocurrency mining rigs, is poised to name a new CEO to replace company co-founders Wu Jihan and Zhan Ketuan, people with knowledge of the matter said. The potential successor is Wang Haichao, who currently holds the position of product engineering director at the Beijing-based company, but has already taken over duties from co-CEO Wu and Zhan in a transition period that started in December, according to the people, who asked not to be identified because the information is private. There is no timetable yet for Wang to take over the CEO position from Wu and Zhan, who will remain as the company's co-chairs, one of the people said. This posting was discovered by us on 2019-01-10 16:19:27. Share this content on social media: These assets may interest you BCH, TCN, BTC, ACES. Have a look at www.scmp.com to find more similar content. Reply to Topic

Bitmain founders step aside as cryptocurrency giant taps coder as CEO - South China Morning Post Bitmain founders step aside as cryptocurrency giant taps coder as CEO - South China Morning Post
Bitmain Technology, the world's biggest maker of cryptocurrency mining rigs, is poised to name a new CEO to replace company co-founders Wu Jihan and Zhan Ketuan, people with knowledge of the matter said. The potential successor is Wang Haichao, who currently holds the position of product engineering director at the Beijing-based company, but has already taken over duties from co-CEO Wu and Zhan in a transition period that started in December, according to the people, who asked not to be identified because the information is private. There is no timetable yet for Wang to take over the CEO position from Wu and Zhan, who will remain as the company's co-chairs, one of the people said. This post was first found by us on 2019-01-10 05:03:07. Share this content on social media: Related assets may include GIC, OST. Have a look at www.scmp.com for more similar content. Reply to Topic

Bitcoin suffers worst drop in three months, falling to US$6,840 after South Korea hack | South China Morning Post Bitcoin suffers worst drop in three months, falling to US$6,840 after South Korea hack | South China Morning Post
Exchange Coinrail confirmed some of its digital currency appeared to have been stolen by hackers, but it did not say how much Bitcoin extended losses for a third day, tumbling as much as 12 per cent Sunday as South Korean cryptocurrency exchange Coinrail said there was a cyber intrusion in its system. The largest cryptocurrency declined to US$6,840 as of 4pm in New York, the biggest drop since March 14, according to data compiled from Bitstamp pricing. That widens Bitcoin's losses for the year to 52 per cent. Peer cryptocurrencies Ethereum and Ripple fell 10 per cent and 11 per cent, respectively. This posting was discovered by us on 2019-01-08 23:24:13. Share this content on social media: Related crypto assets may include BTC, TCN, OST, KORE. Check out www.scmp.com for additional posts. Reply to Topic

Looks like gold can be forked too: Looks like gold can be forked too: "Chinese scientists turn copper into gold "
A team of Chinese researchers have turned cheap copper into a new material almost identical to gold, according to a study published in peer-reviewed journal Science Advances on Saturday. The discovery will significantly reduce the use of rare, expensive metals in factories, said the authors. Professor Sun Jian and colleagues at the Dalian Institute of Chemical Physics, at the Chinese Academy of Sciences in Liaoning, shot a copper target with a jet of hot, electrically charged argon gas. The fast-moving ionised particles blasted copper atoms off the target. The atoms cooled down and condensed on the surface of a collecting device, producing a thin layer of sand. This share was discovered by us on 2018-12-27 15:01:11. Share this content on social media: Related crypto assets include OST. You may want to visit www.scmp.com for complete listings from this source. Reply to Topic

When will the IOTA Trinity wallet be able to do this When will the IOTA Trinity wallet be able to do this
Facebook is working on making a cryptocurrency that will let users transfer money on its WhatsApp messaging app, focusing first on the remittances market in India, according to people familiar with the matter. The company is developing a stablecoin a type of digital currency pegged to the US dollar to minimise volatility, said the people, who asked not to be identified discussing internal plans. Facebook is far from releasing the coin, because it's still working on the strategy, including a plan for custody assets, or regular currencies that would be held to protect the value of the stablecoin, the people said. This piece was first found by us on 2018-12-22 11:06:13. Share this content on social media: Related assets may include MIOTA, ABLX. Visit www.scmp.com for additional posts. Reply to Topic

Renowned Stanford physicist Shoucheng Zhang who founded Danhua Capital which heavily supported and funded BlockChain startups dies at 55 Renowned Stanford physicist Shoucheng Zhang who founded Danhua Capital which heavily supported and funded BlockChain startups dies at 55
Chinese-American Zhang Shoucheng, a well-respected physicist and venture capitalist, died on Saturday, following a battle with depression, according to his family. He was 55. Zhang, a tenured professor of physics at Stanford University, was internationally recognised for his work in quantum science. He was also the founding partner of Danhua Capital, a Silicon Valley-based venture capital fund investing primarily in early-stage technologies. In an email, Zhang's family said that he had passed away unexpectedly after fighting a battle with depression?. They did not reveal the cause of death. The Post obtained the email from some of its recipients. This posting was obtained by us on 2018-12-08 14:06:52. Share this content on social media: Mentioned cryptocurrencies include ALIS, OST, ION. Browse www.scmp.com for more. Reply to Topic

"As bitcoin prices fall, mining cryptocurrencies is no longer profitable for many" - Interesting article on the effect of the low price on miners in China
When the price of gold tanks, miners get hurt. It is the same story in the wild world of cryptocurrencies. Prices of bitcoin, the world's leading digital currency, have tumbled nearly 30 per cent in the past week and hit a 13-month low of about US$4,500, according to data from CoinMarketCap. The total market value of cryptocurrencies has slumped to US$148 billion, which is less than one-fifth of its worth during the market's peak in January. A clash among supporters of bitcoin cash, the most successful bitcoin offshoot, was largely blamed for the market meltdown. The world's fourth largest cryptocurrency split into two distinct entities on November 16 amid long-standing, fundamental disagreements in the community. This piece was first found by us on 2018-11-26 21:07:52. Share this content on social media: Mentioned cryptocurrencies include BTC, TCN, OST, ABLX. See www.scmp.com for complete listings from this source. Reply to Topic

Is STO replacing ICO as the  new sexy  in the cryptocurrency community Is STO replacing ICO as the new sexy in the cryptocurrency community
The 2017 boom in cryptocurrency initial coin offerings (ICOs) due to the success of Ethereum was followed by a sharp decline and extended bear market in 2018, amid increasing regulatory concern over fraudulent incidents. According to a comprehensive token report by Fabric Ventures, 58 per cent of all ICOs in 2018 failed to raise capital, disappeared, or refunded participants. However, the decline of ICOs has opened the door to a new type of token offering, the Security Token Offering (STO), which according to Nasdaq, is set to take centre stage in 2019?. A Security Token is a cryptographic token that shares the profits, pays dividends or pays interest to the token holder based on an underlying asset, such as shares, bonds, real estate, or art collections. This piece was first found by us on 2018-11-26 11:43:44. Share this content on social media: Related assets may include OST. Visit www.scmp.com for complete listings from this source. Reply to Topic

A cryptocurrency custodian debuts under Hong Kong s new rules A cryptocurrency custodian debuts under Hong Kong s new rules
Hong Kong's new regulations for cryptocurrencies have security at their heart, specifically the safeguarding of digital assets from theft or loss. Under a strict new licensing regime, trading platforms and fund managers are required to ensure their clients virtual assets are well protected. One method is to take on the services of a third-party cryptocurrency custodian. InVault, a Shanghai-based start-up, claims to be the first such digital custodian to take advantage of the new licensing requirements to launch its services in Hong Kong. The company, which has about 1 million ethereum under its protection in mainland China, has obtained a new trust licence from the Hong Kong regulator and will start offering its fully automated service in December. This information was discovered by us on 2018-11-26 03:29:04. Share this content on social media: Related assets may include OST, ION. Check out www.scmp.com for more similar content. Reply to Topic

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