Five Chinese Exchange CEOs Pull Out of Conference
CEOs of five major Chinese bitcoin exchanges have withdrawn from this weekend's Global Bitcoin Summit in Beijing, after banks forced most of them to close accounts related to bitcoin activity. The five exchanges: OKCoin, Huobi, BTC China, BtcTrade and CHBTC, made a lengthy joint statement on Weibo late Tuesday that they would no longer participate in large bitcoin meetings or gatherings. The statement continued that the companies agreed to: Curb excessive speculation and protect investors, comply with all state policies and regulations, promote transparency in exchange processes, pay a....
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The interviews in this article are part of CoinDesk's wider coverage of the Global Bitcoin Summit in Beijing, which took place 10th-11th May 2014. As part of a clampdown on bitcoin in China, the nation's bitcoin exchanges were forced by the authorities to pull out of any official involvement with Beijing's Global Bitcoin Summit earlier this month. However, CoinDesk was still able to meet with the CEOs of two of the largest exchanges, OKCoin and Huobi, at an off-conference event where they discussed the regulatory climate, bitcoin in China, and their plans going forward. Both OKCoin's Star....
The Conference Board has found that 98% of chief executives surveyed are preparing for a U.S. recession while 99% of CEOs are preparing for an EU recession. “CEO confidence sunk further to start Q4 and is at its lowest level since the Great Recession,” the organization said. 98% of CEOs Expect Recession in the US The Conference Board published its Measure of CEO Confidence on Thursday. The board is a global, non-profit research group with over 1,000 public and private corporations and organizations as members in 60 countries. The Measure of CEO Confidence is “a barometer....
How do people exchange local currency for bitcoin in countries like Ukraine these days? Is it easy, or do users still need to be creative with their methods? A Chinese company representative went there to find out more. Bitcoin Infrastructure is Improving Everywhere. Not so long ago, bitcoin exchange options were limited in most countries. Even online exchanges were of little use to anyone other than large-scale traders if they didn’t link to local bank accounts. Bitcoin infrastructure has improved markedly in the past few years, but there are still plenty of regions underserved. Chinese....
In these new series of posts, we will be discussing price trends and important developments in the Blockchain industry. Today we will be reviewing the price increase of both Bitcoin and Ethereum. Another week goes past in the Crypto Sphere. Since June 10 Bitcoin and Ethereum have experienced an incredible surge in price. Bitcoin has managed to pull a +28% increase in valuation against the United States Dollar and +29% against the Chinese Yuan. A quick retrace in Bitcoin price some hours ago left the price close to the 2 hour Moving Average. Cryptocurrencies are looking strong, the perfect....
The Chinese Government is taking a new look at blockchain technology’s promises. Its new approach became clear this week when it hosted the two-day First World Blockchain Conference in Changsha. And speakers weren’t afraid to use that once-scary B-word: Bitcoin. The conference was officially organized by the World Blockchain Association, with the Hunan....