BTCC
BTCC is a Hong Kong based bitcoin exchange that was once the world’s second largest by volume in October 2014. Founded in June 2011 as BTCChina, it was China’s first bitcoin exchange, and most of its customers are thought to be from the domestic market. In 2018, it is thought to now have almost 150 employees.
Company CEO Bobby Lee approached the then two-person company in early 2013, and after investing his own money and attracting investors, oversaw the company’s rapid expansion and marketshare growth by the end of the year. The Stanford computer science graduate, whose brother founded the cryptocurrency Litecoin, previously worked for Yahoo! in the United States, and as Vice President of Technology for Walmart China.
In November 2013, BTCChina raised $5 million in Series A funding from investors, Lightspeed China Partners and Lightspeed Venture Partners.
Сryptographer and PhD in Information Security Dr. Pavel Kravchenko brings valid arguments explaining why we should’t agree with prominent industry influencer’s vision of blockchain technology.
The new exchange will also have an incentive model to reward customers for signing on its platform.
Good news for the cryptocurrency community: a new exchange developed by BTCC is said to enter the game in June. The platform will provide faster transactions and enhanced security.
GIA Sunrise Inc, digital asset management corporation specializing in the blockchain commodity management and execution of arbitrage, works to shake up digital economy and become the leader in the destined-for-success blockchain tech.
According to BTCC founder, the acquisition is a major milestone as it will help the exchange to grow virtual currency adoption and expand its business worldwide.
BTCC founder Bobby Lee discuses SegWit2x and China’s bitcoin exchange ban on Reddit AMA.
China will likely resume cryptocurrency trading after licensing exchanges as measures for cryptocurrency market regulation.
Bitcoin price reaches its “pre-crisis” level despite China’s crypto giant BTCC exchange has stopped accepting yuan and cryptocurrency deposits.
OkCoin and Huobi are to stop all trading services for local customers till the end of October putting an end to crypto exchange markets in any form in China.
Chineese authorities have ordered domestic Bitcoin exchanges to cease trading and immediately notify users of their closure.
