Translation of Sina.com Article by CryptoCoinsNews Editor, Caleb Chen
The emblem of the Peoples' Republic of China. Editor's Note: BTC China has been dropped by Tenpay, the 2nd largest third party payment processor in China after Alipay, and is currently using Yeepay (an obscure smaller third party payment processor) for deposits and withdrawals. BTC China is also located in a special zone in Shanghai and it is my opinion that BTC China will continue legal operations in the best interest of their users; however, the waters in the meantime will be tumultuous. The timeline is this: By Chinese New Years, Chinese Bitcoin Exchanges will have to have found new....
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CryptoCoinsNews has been doing some great reporting in the last several months. Recently, we reached out to that site’s editor, Caleb Chen, to get his thoughts on some of the bigger-picture details of reporting on cryptocurrencies. He had some fascinating things to say. CoinTelegraph: What do you think the media’s role is within the cryptocurrency community? Caleb Chen: Whether we like it or not, both the mainstream media and the cryptocurrency-specific media often serve as an entry point for Bitcoin newbies. Since mainstream media often butchers basic facts and concepts about Bitcoin and....
Our very own Caleb Chen, chowing down on a slice. Thursday marked the four year anniversary of the initial Bitcoin Pizza Day. You can read about it here at our article which was featured by Business Insider and Tech Crunch. May 22 is a big day in Bitcoin history. In 2010, Florida programmer and BitcoinTalk user Laszlo Hanyecz offered to pay 10,000 Bitcoins for pizza. This transaction is famously known throughout the cryptocommunity as the first real world transaction/purchase used with Bitcoin. It is now known as Bitcoin Pizza Day. So I decided to celebrate. I went to CoinMap.org to find....
Kyle Torpey is the new editor-in-chief at CryptoCoinsNews. There are going to be some changes at CryptoCoinsNews. This site will be taking a new direction as of today, as we are now focusing on creating unique, high-quality content for our readers. In the past, many have rightfully called this site nothing more than "blogspam", and it's time for this news portal to mature. For this site to grow, we need to focus on creating creative, in-depth content that can't be found anywhere else on the web. That's why I've been added as the new Editor-in-Chief of CryptoCoinsNews. My Background. For....
Earlier today, the People's Bank of China released a statement to financial institutions across China. The statement is in Chinese and has led to many sensationalist headlines that come from poor translations of the actual content. While I don't know mandarin Chinese enough to translate the original document for you, Redditors have stepped up to provide such services. Check out this Redditor's "human translation" of the announcement. Reading through it will reveal the actual top-down sentiment towards Bitcoin in China that is slowly being revealed through these public statements. Here at....
Original Chinese article here. English article by Caixin. Caixin is a trusted Chinese financial news source. Ties to the 3/21/14 Sina.com FUD incident. In contrast to the 3/21/14 incident mentioned by OKCoin, this news was broken by Caixin not Sina. More importantly, the original article has not yet been rescinded. In the original rescinded Sina article that turned out not to be true, it was claimed that on 3/18/14 a document was released that would have banned Bitcoin transactions in China by 4/15/14. The PBOC took to Weibo to announce that: "Regarding the PBOC statement issued on 3/18....