‘Bullish For Bitcoin’: China Bank Bailouts Spark...
Bitcoin could possible gain from economic uncertainty in China as one source describes the country’s third major bank bailout of 2019 as the world’s “biggest credit bubble.”...
Chinese Ponzi Scam Floods Exchanges And Hits Bitcoin Price
According to Primitive founder, Dovey Wan, the latest Bitcoin sell-off is down to a major Chinese ponzi scheme. Little known outside of China, PlusToken scammed over 200k BTC and 800k...
China Ready to Roll out State-Backed Digital Currency
According to an announcement from an official for the People’s Bank of China (PBOC), the country is nearly ready to unveil its new central bank digital currency (CBDC). Centralized...
Weekly Digest: Bitcoin Posts Gains, Becomes Valentine’s Gift
This week saw the 500th anniversary of Magellan setting sail to circumnavigate the globe. So how is Bitcoin doing on its path to global domination? Bitcoin Price: Another Net Positive...
Exit Scams, State-Sponsored Hacks and a Very Expensive Valentines Day
From alleged exit scams to state-sponsored hacking and $6.1 million Valentines day gifts – it’s all happening in China right now. EtherDelta Busted Police in China have...
‘Chinese Buying Up Bitcoin’ Narrative ‘Very...
The narrative that China is ‘buying up bitcoin’ is very dubious, according to a local investor and Primitive founder, Dovey Wan. However, as a foil to ‘moon...
Bitcoin and USD/CNY Seen Spiking in Unison
Over the last week, price moves in the bitcoin market have closely tracked performances in the U.S. dollar and Chinese yuan. All of this shows bitcoin is solidifying its position as a...
Main Drivers Behind Bitcoin’s 10% Surge Today
The #1 crypto asset is showing no signs of weariness today despite the worsening China-US trade tensions and growing fears of a global recession. Here are the main reasons behind...
Is China Loading Up on Bitcoin as Yuan Gets Crushed?
Bitcoin has had a monumental morning on the Asian trading session. With a 10 percent surge on the day BTC has reached a three week high while in China, the Yuan collapses to a 10-year...
Bitmain Loses $625 Million In Two Months, But Pins Hopes On New Tech
Bitcoin mining rig manufacturer, Bitmain, reportedly made losses of $625 million in the first two months of 2019. However, it has high hopes for a turnaround based on demand for new...
Bitcoin Still Ranks Lower Than EOS And Tron, Chinese Gov’t Says
Bitcoin remains outside the top ten cryptocurrencies according to the Chinese government, which produced fresh industry rankings July 31. CCID: Bitcoin Not A Top 10 Cryptocurrency...
Tether Finds Real-World Use Case In China-Russian Grey Market
The grey market flow of cheap Chinese goods into the Russian market has established a real-world use case for Tether. Millions of dollars worth of USDT are being used every day to...