BTCChina, the operator of China’s oldest Bitcoin (BTC) exchange, is no longer in the crypto business, according to some reports. The company sold its stake in the Singapore-registered Bitcoin exchange ZG.com to an unidentified foundation in Dubai, Chinese news agency The 21st Century Business Herald recently reported. According to the report, ZG.com is a completely independent crypto exchange business with registrations in the United States, Singapore, Estonia, Seychelles and other countries. BTCChina reportedly invested in ZG.com in January 2019. According to a report by the South China Morning Post, BTCChina said that it was exiting the Bitcoin business “in response …

BTCC Pool, the mining operation of Hong Kong-based cryptocurrency exchange BTCC, will close “indefinitely” at the end of this month, a statement from the firm confirmed Nov. 6. BTCC Pool, which began mining activities in 2014, is shutting down due to unknown “business adjustments,” the company wrote, without giving details about the circumstances that led to the decision. Today’s statement reads: “Today, we regret to announce that due to business adjustments, the BTCC pool will shut down all mining servers on November 15 and will cease operations indefinitely from November 30.” Concluding its outlook for the market, BTCC nonetheless expressed …

China’s first Bitcoin (BTC) exchange BTCC, formerly known as BTC China, is set to launch trading services in South Korea, Korean business outlet The Investor reported yesterday, October 16. BTCC, which presently has headquarters in Hong Kong, will reportedly start beta services for trading in South Korea later this month and make its official debut in the market in November. According to the BTCC website, the Korean service — headed by Lee Jae-beom — will span a trading platform, wallet service, mining pool, and a service to enable consumer payments: “BTCC is establishing an on/offline payment system using cryptocurrency… [and …

Eight months after it shut its doors, the oldest Chinese cryptocurrency exchange, BTCC, is now up and running, with an ambitious rewards system that aims to attract more users to the platform. Formerly known as BTC China, the company was basically forced to cease its cryptocurrency exchange amid a crackdown on Bitcoin and cryptocurrency trade in China toward the end of 2017. While the company was able to continue operating its mining pool and mobi wallet after the closure of exchange, the business was bought out by a Hong Kong-based blockchain investment fund in January 2018. With a new team …

BTCC, formerly known as BTC China, has relaunched its crypto trading platform and revealed plans to issue its own native token, according a company announcement Monday, July 2. The rehauled crypto exchange is now live, offering trading for Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH) and Litecoin (LTC) against the U.S. dollar, as well as crypto-to-crypto pairings. The new site advertises a points-based system for users, who will earn points that will later be redeemable for a new, native BTCC token, whose release date remains unspecified. For a limited promotional timespan, BTCC points will be earned through completing site registration …

The China Bitcoin Roundtable’s latest meetup to confirm SegWit2x implementation may not be as persuasive as its members hope. BTCC’s summary of the gathering, which occurred in Chengdu June 15, announces those present “reached a decision to fully support and implement the New York Consensus on Scaling Bitcoin.” However, this would only be put to the test on “June 31st, 2017” - a date which does not exist. “We expect to fully implement the SegWit2X scaling solution by June 31st,” BTCC, which is one of China’s best known exchanges, confirmed. The error, while likely no more than an accident, adds …

Two of China's biggest bitcoin exchanges - BTCChina and Huobi - have criticized Bitcoin Core developer Gavin Andresen's proposal to raise the block size limit to 20 megabytes by next year. Speaking to Cointelegraph, both BTCChina as well as Huobi indicated that they believe any increase in Bitcoin's block size limit should be approached conservatively. While both exchanges recognize that the current one megabyte block size limit is probably too small for Bitcoin to reach mainstream adoption, they are skeptical of Andresen's proposal. BTCChina and Huobi shared concerns that a jump to 20 megabytes might be too big, while suggesting …