Operator of China’s first Bitcoin exchange reportedly exits crypto
BTCChina has reportedly sold its stake in the Singapore-registered Bitcoin exchange ZG.com. BTCChina, the operator of China’s oldest Bitcoin (BTC) exchange, is no longer in the crypto business, according to some reports.The company sold its stake in the Singapore-registered Bitcoin exchange ZG.com to an unidentified foundation in Dubai, Chinese news agency The 21st Century Business Herald recently reported.According to the report, ZG.com is a completely independent crypto exchange business with registrations in the United States, Singapore, Estonia, Seychelles and other countries. BTCChina....
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Alexander Vinnik, the alleged owner and operator of the infamous cryptocurrency exchange BTC-e, has been found not eligible for release on bail in the United States, where he was recently transferred from Greece. The Russian, accused of large-scale money laundering through the now-defunct trading platform, and other crimes, rejects U.S. charges.
Alexander Vinnik Remains in California Prison, Russian Embassy Offers Help
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BTCC, ostensibly the first cryptocurrency exchange established in China, exited the bitcoin trading business last week. According to statements, this was the result of the continued regulatory pressure Beijing is exerting on cryptocurrency businesses. The company will now transition to blockchain-related endeavors. BTCC Closes Its Exchange Business BTCC, the company that once ran the most prolific exchange in Asia, announced it has exited the cryptocurrency business. The company said it had sold its shares in the Singapore exchange ZG.com in May 2020. Most of the cryptocurrency exchanges....
One of China’s oldest crypto exhcanges has shut down its Bitcoin business as crackdowns continue in the nation. BTCChina Exits Bitcoin Business Huang Xiaoyu and Yang Linke founded BTCChina back in 2011. According to a report by South China Morning post, the platform has now completely closed its Bitcoin businesses. BTCChina also had a stake […]
Russian crypto exchange BTC-e’s operator Alexander Vinnik has now been sentenced to five years in prison by a French court and fined 100,000 euros. He was arrested over three years ago in Greece, extradited to France, and is wanted in the U.S. and Russia. Vinnik Sentenced After 3+ Years Alexander Vinnik, the operator of the now-defunct Russian cryptocurrency exchange BTC-e, was sentenced on Monday to five years in prison by a French court for money laundering. The 41-year-old is also ordered to pay fines of 100,000 euros ($121,270). While convicted of money laundering, Vinnik was....