Bitcoin Exchanges Reveal ‘Real’ USD/CNY Rates, Says Bobby Lee
The occasional price spread between Chinese and other bitcoin exchanges can allow users to gain insight into ‘real’ USD/CNY exchange rates over official ones, BTCC CEO and Bitcoin Foundation Board Member Bobby Lee told Bitcoin.com Since the Chinese yuan (aka renminbi or CNY) is a controlled currency, its value is fixed to the USD at around 6.5 and is not....
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The Bitcoin network is in dire need of a scaling solution and Bobby Lee urges the developer community to decide upon a network hard fork. The Bitcoin scalability debate has been going on for over a year new. Each time the topic arises, it ends in a stalemate. The Bitcoin community is currently divided between whether to use a hard fork or soft fork. While the Bitcoin Core developers are hell-bent on SegWit, not everyone in the community agrees with it. Bobby Lee, the founder of BTCC — one of the largest Bitcoin exchanges in the world has expressed his support for a hard fork. Bobby Lee in....
Upbeat Bobby Lee? I managed to catch Bobby Lee, CEO of BTC China, on the phone yesterday to talk about Bitcoin's situation in China. What is the situation with the PBOC (People's Bank of China) and Bitcoin in China? The PBOC secretly ordered payment processors and banks to dissociate themselves from Bitcoin exchanges. There was nothing in writing, just pressure exerted on them. As the number 1 exchange in China, we are examining our options. There are many available. Do you plan on moving BTC China abroad? I cannot tell you what our next move is, but we are not ruling anything out. You do....
The price of Bitcoin has been steadily climbing upwards in the past two days as the April 15 deadline for Chinese-based lenders and payment companies to close the trading accounts of more than 10 domestic Bitcoin exchange platforms, has come and went. First, not every exchange has received a notice about the closing of their accounts. Second, Bobby Lee, CEO of BTC China, has clarified that it’s “business as usual” and that nothing has changed despite rumors, which he dubbed as fake. In a cnbc report, Bobby Lee confirmed that the rumors were in fact just that: “As far as BTC China is....
The International Bar Association did a fascinating interview with Bobby lee. We have summarised the 45 minute long interview for you. Bobby Lee, the owner of BTC China the largest and first Bitcoin exchange in China. Previously an engineering manager at Yahoo as well as the vice president of technology at Walmart. His brother, Charlie Lee is also the creator of Litecoin. Recently, a video came out where he was interviewed by Rebecca Lowe over at the International Bar Association. “Bitcoin is not a far leap from my background, so to speak. It is in the world of finance, but it is very much....
Prices have been declining across the crypto market and with it has come to a lot of doubt on the part of investors. This is reflected in the deposit and withdrawal trends recorded across the various crypto exchanges. One of these has been the funding rates which had remained flat for the better part of the first half of 2022. However, there has now been some movement in the funding rates and it is unfortunately not for the better. Funding Rates Turn Negative Two leading crypto exchanges have seen negative crypto funding rates for the past week. Binance and ByBit consistently appear on the....