Xiaolai bitcoin exchange

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China National Radio CNR news, a Beijing-based official mouthpiece for the Chinese government, recently published a story about initial coin offerings and crypto trading — which have been illegal in China since — warning users about the potential risks of losing their capital in an unregulated market. The story highlighted the dangers of the ICO market, noting how many ICO projects have failed to materialize or provide returns for their investors.

CNR also warned that some crypto exchanges have moved from China to offshore jurisdictions to evade Chinese regulations, but continue to target users in mainland China. It warned that if consumers are unable to determine the identity of the operator, property losses would be difficult to recover. In the meanwhile, Binance competitor Huobi — which, like Binance, also conducts its cryptocurrency trades outside the mainland so it would not be subject to Chinese regulations — is being covered by Chinese media with a markedly different tone.

Binance and Huobi are in the exact same business of allowing customers to buy or sell coins for other cryptocurrencies or fiat money. Why the difference in how they are regarded by Chinese state media, which are essentially megaphones for government authorities? Beijing also uses state media from time to time to try to bend non-Chinese corporations to its will. In response to the recent Chinese National Radio body slams, Binance is now saying that its local China site was only a test platform and not meant for the general public use.

The exchange claims that according to their analytics, most users were actually from Egypt and not mainland China. The two exchanges are so similar in what they do that they are often mentioned interchangeably in the same sentence about large crypto exchanges.

They compete for essentially the same customers. Binance and Huobi also co-starred in a recent report by the blockchain research and security firm Chainalysis. Chainanalysis notes that these illicit activities appear to come from only a small percentage of the total accounts handled by the two exchanges. But in other ways, the two business rivals are two very different companies. Here is where this blockchain story comes to a fork.

In contrast to Binance, Huobi has taken a different approach to Chinese government relations. In , when Binance had already moved its corporate headquarters out of China for more crypto-friendly shores, Huobi stayed put and opened a Communist Party of China branch within the company.

Hosting an in-house government liaison and lobbying department is a move that many big corporations make in China, to make nice with the government and to signal cooperation and regulatory compliance. Share on twitter Share on linkedin Share on facebook Share on telegram Share on whatsapp Share on line. As Binance shrinks away in Asia, will it put down roots in the Middle East? The Current Forkast. Binance faces regulatory rebuke in Ontario, obtains preliminary approval in Bahrain.



China Crypto-Whale Li Xiaolai Assaults Binance, TRX, NEO and QTUM in Leaked Audio

The Chinese government has taken up a strong anti-crypto stance in the last few weeks, with this cause causing shockwaves throughout the crypto community. Li Xiaolai is one of the biggest names in the Chinese blockchain investment industry, and he has decided to call it a day — for now at least. Li posted on his personal Weibo account saying that he has had enough of people impersonating him and that he will be taking a personal break from the blockchain investment scene. WeChat closed down a number of crypto related accounts , including one belonging to the popular crypto exchange Huobi. WeChat then continued its rampage a few days later, taking out the account of Bitmain — the largest crypto mining hardware manufacturer and miner of Bitcoin.

exchange shops for buying coins, exchanges, wallets and so on. Li Xiaolai, the richest man in China's Bitcoin world, made a fortune by starting.

Crypto Billionaire Li Xiaolai Becomes Co-CEO at a Blockchain Firm

BitFund founder and well-known Bitcoin holder Li Xiaolai said that he is going to stop personally investing in blockchain projects. As one of the largest bitcoin holders in China, his sudden announcement caused a big stir in the local crypto community. Though Li claimed to not personally invest in any future projects, some suggest that he might still take part through institutions or investment fund. The cryptocurrency market has experienced its fourth-worst correction in the past nine years, experiencing an 80 percent drop in valuation within the past nine months. Yet, the vast majority of ICO and blockchain projects have held most of their holdings in Ethereum and Bitcoin throughout the bear market and the ICO market still remains active to this day. Most notable was his feud with venture capitalist Chen Weixing. The decision of Li to abruptly exit the ICO and blockchain sector was likely fueled by two major factors: the crackdown on ICOs by the Chinese government and a significant increase in the number of scams in the blockchain market. Article source.


Why the Chinese can't get enough of Bitcoin - despite bank ban

xiaolai bitcoin exchange

China National Radio CNR news, a Beijing-based official mouthpiece for the Chinese government, recently published a story about initial coin offerings and crypto trading — which have been illegal in China since — warning users about the potential risks of losing their capital in an unregulated market. The story highlighted the dangers of the ICO market, noting how many ICO projects have failed to materialize or provide returns for their investors. CNR also warned that some crypto exchanges have moved from China to offshore jurisdictions to evade Chinese regulations, but continue to target users in mainland China. It warned that if consumers are unable to determine the identity of the operator, property losses would be difficult to recover.

ETF is trading open-end index fund, also known as exchange traded fund. It is an open-end fund that is listed on the exchange and has variable fund shares.

What did I learn after listening to Li Xiaolai's recording?

Recently, many CoinMarketCap executives have left the company, just months after Binance acquired the crypto data provider. Binance, one of the largest digital asset exchanges in terms of trading volume and users, has officially announced the acquisition of CoinMarketCap in April for an undisclosed fee. According to the press release shared with Blockchain. News , the acquisition creates synergies for both companies in boosting cryptoassets adoption to global users. Carylyne Chan, the interim CEO at leading crypto data provider CoinMarketCap is the latest executive to quit following her public announcement on August The mass exodus from the company has been alarming because she follows the footsteps of four other top executives who have left the company just four months after it was purchased by Binance.


Crypto with Chinese Characteristics: Eric Meltzer on The New New Thing

The funds were allegedly meant to be used to kick-start a fund that would mature in September last year, but was then extended to September this year. The argument between the two led to a heated debate on WeChat, where Li responded with a post that said,. Chen is just muddying the water. He wrote,. Given that Li is a noted Bitcoin evangelist in China and also a renowned crypto investor, the announcement was met with surprise by most crypto enthusiasts from China. The rivalry between Li and Chen has plumbed new depths of late; Chen even leaked a private meeting between Li and a number of individuals. The leak that was orchestrated through social media, has recently provoked conversation in the Chinese crypto space.

Pi is known by many users in the currency circle, and it originated from a live broadcast by Bitcoin VV Li Xiaolai in his early years.

Search: "Is it illegal for Li Xiaolai to own Bitcoin"

After reporting the demise of cryptocurrency exchanges in China , Chinese financial paper CaiXin followed up a rumor that exchange YunBi will close within 3 months. This might be sign that OKcoin users are more concerned and choosing to sell their Bitcoin. It is important to note that the current trade volume for Yunbi is only at 1. The government explicitly wanted to break up the connection between ICO platforms and Exchanges, hence separating the streamlined ICO listing process.


Notorious Chinese Bitcoin Proponent Li Xiaolai to Abandon Blockchain Technology?

Led by entrepreneur Li Xiaolai , Press. One bills itself as a decentralized content distribution platform based on the recently launched EOS blockchain. However, it may not be the decline in prices that was the only factor in the missed target. Skeptics of the ICO have publicly argued that the project is too ambiguous and ambitious, with some also claiming that the project lacks a white paper to explain its technical details and offers limited information on the development team.

Earlier in August, China has outright banned all crypto-related commercial activities, subsequently also prohibiting over foreign crypto exchanges. Sign in.

Bitcoin Tycoon Li Xiaolai Says He’s Done Investing In Blockchain Projects

The mainnet has now been launched. Don't miss out like you did with Bitcoin, download the app and use the invitation code below to get exclusive access, receive 1 free Pi and start mining Pi yourself. One of our biggest goals at pi network is to serve as a safe entry point for people into the world of blockchain and cryptocurrency. For extra movies, for present developments and In this video we cover the latest pi network update and overview. Marc Altaire Cayetuna. So here I will introduce the Pi Network that I am mining now. It is rather interesting to see the Pi Network team claim how this is the first digital currency to be mined with a phone.

According to several reports, it would appear as if the Chinese Bitcoin investor Li Xiaolai has now decided to become less actively involved with blockchain projects in the coming years. More specifically, Li — who is the co-founder of Yunbi — has reportedly stated this himself through a post on the Chinese social media platform Weibo on Sunday, September 30th. Li has previously been known as one of the largest Bitcoin holders and proponents in China. Furthermore, it would appear that Li is trying to distance himself from any and all cryptocurrency and blockchain projects as to prevent that his name will be used by fraudulent actors looking to further their own ventures.


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  1. Zuluzshura

    Good resource)) The topics are interesting and the design is beautiful)

  2. Mobei

    Eh this crisis spoils everything for us

  3. Laziz

    This is a great idea.

  4. Agymah

    It makes no sense.

  5. Adal

    This sentence is just amazing :), I like it)))