Chinese Angel Investor Gathers 10000 Bitcoins during Bear Q1 2018

Chinese Angel Investor Cai Wensheng in an interview with tech entrepreneur Wang Feng said he had achieved a personal goal of holding 10,000 Bitcoins. Wensheng is the founder of a Selfie touch-up app called Meitu which is immensely popular in China. He is also an angel investor with a net worth …
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Chinese Merchants in Moscow Convert Most of Their Cash to Crypto (news.bitcoin.com)

Chinese traders in Moscow’s huge wholesale bazaars have become the most active buyers and sellers of cryptocurrency in the Russian capital. The retail turnover there is estimated at almost $ 10 billion a month. Authorities say that most of it is converted to cryptocurrencies and sent back to China where it‘s exchanged to yuan.   
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Secretive Chinese bitcoin mining company just revealed a new chip that could hurt AMD, Nvidia

Bitmain dominates the "bitcoin" industry with its specialized ASIC chips that are more efficient at mining than graphic chips from AMD and Nvidia. Bernstein has said Bitmain likely made as much as Nvidia did last year. Analysts estimate that most of Bitmain's revenue is generated by selling mining rigs …
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Chinese Engineer Arrested for Stealing 100 Bitcoin From His Own Company

Chinese Engineer Arrested for Stealing 100 Bitcoin From His Own Company Zhong Mo, a tech company employee, allegedly used his position to steal 100 bitcoins from his employer. The Haidian police recently confirmed his arrest for the crime of illegally acquiring computer information. Haidian is the …
Google Alert – bitcoin

Chinese Investors Use Wechat Brokers to Bypass ICO Ban (news.bitcoin.com)

Reports have alleged that many Chinese cryptocurrency investors are seeking middle-men agencies on Wechat to facilitate their transactions in order to bypass the nation’s prohibitive virtual currency regulations and access exposure to initial coin offerings (ICOs).
Also Read: Ford to Use Cryptocurrency for Inter-Vehicle

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Chinese Stock Exchanges Crack Down on Companies Falsely Claiming “Blockchain” (news.bitcoin.com)

It appears that China’s stock exchanges are seeking to prevent companies from issuing misleading information in order to drive hype around blockchain technology – potentially influencing their share price.
Also Read: China’s First Central Bank Governor in 15 Years Likes Bitcoin
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New Chinese Central Bank Governor Bullish On Bitcoin and Cryptocurrencies.

China has always had a harsh stance on cryptocurrencies. That might change.

Yi Gang was appointed to be the new governor of the People’s Bank of China (PBoC), the Chinese central bank. The newly appointed governor has reported to have positive views on Bitcoin and other cryptocurrencies….

http://thebitplex.com/2018/03/21/pboc-bullish/

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