HaoBTC Takes on Coinbase With Interest-Bearing Wallet
Bitcoin exchanges in China are a hot topic right now, with multiple parties competing to become the top exchange in the country. While major players such as OKCoin and BTCChina are rolling out new features in order to remain competitive, a new player is coming on to the scene. HaoBTC has launched its international wallet service and aims to become the “Coinbase of China.” HaoBTC: Beijing-Based Bitcoin Company. HaoBTC may be a new name for most of our readers, but the company has made a name for itself in the Asian markets. Since its establishment in 2014, HaoBTC has managed to developed a....
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The Chinese cryptocurrency platform, HaoBTC has announced its decision to stop offering Bitcoin exchange services following its recent meeting with PBOC officials. Things in the Chinese cryptocurrency market has hit the fan. An inspection of cryptocurrency platforms by the People’s Bank of China to protect investors’ interest has gradually turned into a full-blown war against cryptocurrency. Emerging reports from various segments of the Chinese cryptocurrency community suggests that the PBOC started taking increased interest in the exchanges by the end of last year. HaoBTC is the latest....
The cryptocurrency exchange Coinflex has announced the launch of a unique interest-bearing stablecoin called Flexusd. The new stablecoin is considered to be the first dollar-backed crypto that pays interest at the base level. Moreover, the new token is built on the Ethereum blockchain and the Bitcoin Cash network as well by leveraging the Simple Ledger Protocol. The digital currency trading platform Coinflex has revealed the creation of a new stablecoin token that bears interest. A stablecoin is a cryptocurrency that is tied to the price of a fiat currency and traditionally it’s the....
The still-ongoing fallout of events spurred on by the People Bank of China’s (PBOC) involvement in the country’s bitcoin trading market has led to HaoBTC – a bitcoin company known prominently as a mining pool – to shut down its lesser-known bitcoin exchange operation, launched in April 2016. HaoBTC was among the 9 bitcoin exchanges held to a closed-doors meeting by the PBoC on Thursday. A miner operating with 110 Petahash to control a little over 4% of bitcoin’s network, HaoBTC has announced the removal of its exchange service to its users. The mining pool, which also launched a Hashrate....
HaoBTC, one of the leading Bitcoin companies in the industry, is providing an opportunity for those non-professional users who want to make profit from bitcoin mining. Bitcoin mining is a long drawn and complicated process. It not only requires sophisticated equipments, but finding a suitable place, reliable internet connection and sourcing cheap and stable electricity only add to the hassle. Moreover, there is an ever present risk of something going wrong and the liability of bearing the costs all on your own. Therefore, Bitcoin mining can get difficult for non-professional users. This....
Instead of the troublesome 1099-K form, Coinbase will send the 1099-MISC to users of its interest-bearing products. Regular traders may not receive any forms at all.