BTCC Takes Aim at Bitfinex With US Dollar Bitcoin Trading
"It's both a liabilty and an opportunity." At least that's how BTCC CEO Bobby Lee describes his Shanghai-based bitcoin exchange startup's affiliation with its domestic market. Formerly known as BTC China, BTCC markets itself as the "world's longest-running bitcoin exchange", but it's now taking steps to expand its customer base internationally. BTCC announced today that it is launching a new service BTCC USD Exchange, one that boasts a new user-interface and that is operated by a separate legal entity. Run out of Hong Kong, the US dollar trading arm will complement....
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BTCC, a major Chinese Bitcoin exchange, recently launched a new USD-to-Bitcoin exchange. Upon its successful US debut, the company announced its support for Ethereum Classic over ETH. On July 26, the Ethereum development team completed its hard fork to protect investors against the DAO attack. Almost immediately after the hard fork execution, Ethereum Classic emerged, to maintain the original governance model of Ethereum. Leading Bitcoin exchanges, including Kraken and Bitfinex, have supported both Ethereum Classic and Ethereum since, considering large market caps of both ETC and ETH.....
BTCC, one of China's 'Big Three' digital currency exchanges, has announced a new promotion that will see fees cut on US dollar-based bitcoin trades. Beginning 1st March and running through the month, BTCC says it will cease charging customers on both sides of trades on BTCC.com, its international exchange site. However, fees will remain in place at BTCChina.com, its domestic exchange offering. In statements, BTCC representative Tendai Musakwa said the promotion is a tactical move aimed to outflank competitors by focusing on the exchange's international reach. Musakwa said: "We're now....
CoinDesk has added Bitfinex to the Bitcoin Price Index (BPI) today as of 16:00 GMT. Bitfinex, which is incorporated in Hong Kong, has been on CoinDesk's radar for possible inclusion in the BPI for some time now. Over the past several weeks, and particularly since the decline of Mt. Gox, we have observed that Bitfinex has been able to sustain a dramatic increase in its share of the total volume of US dollar-denominated bitcoins traded. CoinDesk has also verified that Bitfinex meets the CoinDesk BPI criteria, which include rules ranging from minimum trade size to maximum customer withdrawal....
Four major Chinese Bitcoin exchanges including BTCC, Huobi, OKCoin and Yunbi have officially begun to charge trading fees to all users, traders and investors, as of Jan. 24, 2017. BTCC, the world’s oldest and largest Bitcoin exchange, first announced its plans to implement trading fees on Jan. 20. OKCoin, Yunbi and Huobi shortly followed BTCC, announcing their official decisions to charge trading fees to Chinese users within 24 hours since the announcement of BTCC. Why did Bitcoin exchanges introduce fees? All three Bitcoin exchanges that were previously inspected by the People’s Bank of....
Bitfinex CSO Phil Potter came under a cloud this past Thursday, after an interview in which he seemed to be admitting to insider trading at Bitfinex. The interview was contained in a podcast that was posted on Vocaroo, an online voice recording service. In the voice recording, Mr. Potter can be heard strenuously clarifying that he was a Bitcoin investor. He adds that he had not been involved in actual trading on his Bitfinex trading platform saying that such an action would be "highly inappropriate". Bitfinex has come out in defense for Mr. Potter. Josh Rossi VP for Business Development....