WeChat And Alipay Blocks Cryptocurrency Payments

WeChat And Alipay Blocks Cryptocurrency Payments

The Chinese payment platforms WeChat Pay and Alipay are both working on blocking cryptocurrency payments. In a message from Tencent, the developer and maintainer of WeChat, are saying that they have established a risk control model to identify cryptocurrency transactions. Furthermore,  they will restrict the ability for people to receive and collect cryptocurrency funds and … Continue reading WeChat And Alipay Blocks Cryptocurrency Payments

Chinese Regulators to Block Access to Over 120 Foreign Crypto Exchanges

Chinese Regulators to Block Access to Over 120 Foreign Crypto Exchanges

According to Shanghai Securities News, a newspaper closely linked with financial regulators of the country, a large number of virtual currency exchanges will likely lose their Chinese customers in the near future. The crackdown is part of the broader digital asset agenda by the ruling Communist Party. China National Fintech Risk Rectification Office, the country’s … Continue reading Chinese Regulators to Block Access to Over 120 Foreign Crypto Exchanges

Bitmain CEO Claims That ICOs are an ‘Unsustainable Financial Bubble’

Bitmain-CEO-Claims-That-ICOs-are-an-‘Unsustainable-Financial-Bubble’

Jihan Wu, founder and CEO of Bitmain, which happens to be the most valuable company in the entire crypto industry, does not believe in the future of the initial coin offering (ICO) model. Speaking with CoinGeek, the accomplished entrepreneur criticized ICOs for being too unstable and not trustworthy, compared to initial public offerings (IPOs) – … Continue reading Bitmain CEO Claims That ICOs are an ‘Unsustainable Financial Bubble’

Crypto Exchange BitMEX Rents the World’s Most Expensive Office

Crypto Exchange BitMEX Rents the World's Most Expensive Office

A crypto trading firm, BitMEX, has rented the priciest office in the office in Hong Kong and, worldwide. Hong Kong Economic Times reported Wednesday that the financial organization has completed the lease of the 45th floor of the Cheung Kong Center. BitMEX office has become the most expensive rental unit in Hong Kong center and … Continue reading Crypto Exchange BitMEX Rents the World’s Most Expensive Office