Crypto exchange Huobi shuts its crypto derivative trading business in China

Chinese Yuan Now Below 1% of Total Bitcoin Trading Volume, Down From Peak of 90% In an attempt to stem growing enthusiasm for cryptocurrency trading among the Chinese public, the Chinese government has been cracking down hard of cryptocurrency traders and speculators, banning cryptocurrency exchanges and outlawing ICOs. 3 min read →

Bitcoin, Ethereum whales swimming out of Huobi, with a huge catch

After China’s crackdown on crypto transactions, exchanges began to limit their services for China-based users. FUD rapidly spread and many traders began to wonder what penalties they might face for violating the latest ban. Around the same time, the normally calm weekend saw a frenzy of Bitcoin and Ethereum whales moving their coins from addresses … Read more