Bitcoin Exchanges must toe the line in China

Bitcoin has been on a roller coaster for the first month or so in 2017.  The market has been reacting to news coming out of China, currently the largest Bitcoin trading market.  Here is a blow by blow account of what has transpired to date. The Bitcoin market started off on a high note in January as Bitcoin tops $1,000 for first time in three years as 2017 trading begins. Bitcoin is going bananas they said! And then it all came tumbling down as the news broke of the Peoples…

Read More

Exclusive Interview with Bobby Lee, Co-Founder and CEO of BTCC – London Blockchain Week 2017

An exclusive interview with Bobby Lee, Co-Founder and CEO of BTCC based in Shanghai China. Recorded at the London Blockchain Week January 2017, Bobby Lee discusses his Bitcoin journey as well as his new product Mobi. Bobby Lee was born in the Ivory Coast, educated at Stanford, and worked as vice president of technology of Walmart before taking leadership of BTCC in 2013. BTCC Products:- Bitcoin USD Exchange Bitcoin Pro Exchange Bitcoin Mining Pool Bitcoin Wallet Blockchain Engraving Mint Physical Bitcoins Developer Platform Download your Mobi here Taken from the…

Read More

China’s capital flight and investing in Bitcoin

China is dominating the Bitcoin scene at this point in time. It is reported that the majority of Bitcoin mining takes place within China’s borders and to top that, it is the highest trading market in the world.   Actual traded volume on Bitcoin exchanges is reportedly around 98% however, according to a recent article estimating China’s real traded volume, it is more in the region of 85% – still a very big market.  One should bear in mind that the reported Bitcoin trading volume only records volumes traded on…

Read More

Bitcoin sellers in panic mode are wrong

The first two weeks of 2017 will go down in Bitcoin history.  Bitcoin reached a high of $1161 exciting Bitcoiners everywhere as well as mainstream media such as Bloomberg, BBC, CNBC.  Bitcoin in the spotlight and no doubt pricked the interest of many who still do not know what Bitcoin is. Just as we were wondering when this massive bull run was going to slow down, the ball finally dropped.  On the 5 January, Bitcoin price fell by 20%.  The sudden drop could be related to the Chinese Central bank…

Read More

Bitcoin Adoption in China

Bitcoin adoption in China – the land known for the Great Wall of China and almost 1,4 billion people! Watch this video to find out more about China’s GDP, Internet coverage, Smart phone use… and how much the Yuan has depreciated to the dollar. China has been on the Internet intermittently since May 1989 and on a permanent basis since 20 April 1994 2008 – China became the largest population on the Internet 2014 – 480 million smartphone users in China 2016 – approximately 50 percent of China’s population has…

Read More

Bitcoin Price reaches two year high in China!

Bitcoin Today 3 December 2016 – The Bitcoin price has just reached a two year high in China! Traded volume over October and November 2016 has been the highest ever. The Bitcoin price varies from country to country dependent on Geo Political influences. China has devalued the Yuan and the economy is under pressure. The government has imposed a new capital flight law and all mergers and acquisitions have to be approved by the government. The Chinese investors are looking to Bitcoin to be a hedge against the Yuan and…

Read More