Bitfinex will shut its exchange to all U.S. customers from 9th November 2017. The closure applies to all services, and the company is advising users to withdraw all balances before that date. Also read: Bitcoin ABC Lead Looking to Expand Development Team Join the Bitsonline Telegram channel to get the latest Bitcoin, cryptocurrency, and tech news … [Read more...] about Goodbye America: Bitfinex to Block All US Customers
There were unconfirmed reports today that major exchange OKCoin was packing up its Beijing, China headquarters. Video posted online supposedly showed empty rooms at the office location -- however the company may simply be moving to a new location. Also read: BitPay Adds Bitcoin Cash to Its Insight Block Explorer A short video supposedly showing OKCoin's now-empty office … [Read more...] about OKCoin Office Move Sparks More Chinese Rumors
Bitcoin and other digital asset prices have bounced back slightly over the past 24 hours, as fears of a dramatic Chinese intervention subsided. Nerves have been on edge for the past couple of days, as BTC hovered around the psychological $4,000 USD mark. Also read: R3 and Ripple Sue Each Other Over $1 Billion in XRP At press time, bitcoin was $4,111 on CoinMarketCap. … [Read more...] about Crypto Price Disaster Postponed as Chinese Fears Fade. Maybe.
The bitcoin price plummeted by over $400 today after a Chinese news report claimed authorities would shut down major exchanges. However there has been no immediate action to halt business activity, and reports stated digital currency transactions remain legal. Also read: Want to Mine DASH? Here’s Our First Look at the Antminer D3 Report Calls out Major Exchanges by … [Read more...] about China: We’re Shutting Down Exchanges, but Bitcoin Still Legal
A recent report out of China may have solved the mystery of how Chinese bitcoin exchanges were able to remain profitable whilst operating on a zero fee platform. Also read: As of Today, Bitcoin Cash Has the Longer Blockchain Xinhua reported that the Huobi and OKCoin exchanges were investing customers' funds into what are known as Wealth Management Products (WMPs): … [Read more...] about Chinese Bitcoin Exchanges Secretly Investing Customer Funds, Says Report