Three suspects have been detained by Chinese police in connection with an alleged cryptocurrency theft. The estimated damage made up $87 million USD.
The new exchange will also have an incentive model to reward customers for signing on its platform.
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.
One of the largest bitcoin exchanges has released a first mobile app that will enable transfers in more than a hundred different currencies, including gold and silver.
Chinese exchanges suspend withdrawals of virtual currency while the country’s central bank increases pressure on bitcoin companies to stem capital outflows.
Bitcoin price demonstrated a sharp drop on Friday after the central bank of China warned users of the threats associated with the investment in digital currency.
The world of Bitcoin is observing a worrying tendency of decreasing of active Bitcoin Nodes. BTCC, Bitcoin exchange and mining giant, donated 100 full Bitcoin Nodes to the network and deployed them across five different continents.
Nearly 80% of all bitcoin trading volume is driven by the Chinese national currency.
The Shanghai-based bitcoin and litecoin exchange has launched support for USD and HKD deposits and withdrawals to attract customers from the international community.