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8Btc

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8btc (https://news.8btc.com/) is regarded as the oldest and the most influential independent platform for bitcoin, blockchain and cryptocurrency news in the Chinese community. Its goal is to bridge the communication gap between the Chinese community and the outside world. News, policy analysis... everything you want to know about crypto in China is here.

Implications for Bitcoin Now That 85 Percent of Supply Has Been Mined

BUSINESS 8Btc -
Over 17,850,575 bitcoin have been mined and 85 percent of the top cryptocurrency’s expected total supply is already in circulation. So what?

Chinese Miner Manufacturer Canaan Files IPO With $200 Million Goal

MARKETS 8Btc -
Canaan Creative, a major Chinese bitcoin miner manufacturer, has reportedly filed an IPO application with the U.S. SEC.

Bitcoin Miner Demand Is Outstripping Supply in China

BUSINESS 8Btc -
As bitcoin’s price outpaces the cost of mining in China, it can be difficult to procure a bitcoin miner.

The Ryuk Virus Is Spreading Through China, Asking 11 BTC Ransoms

BUSINESS 8Btc -
Ryuk encrypts data on an infected device and demands hefty bitcoin ransoms, as high as 11 BTC.

13 Arrested for Stealing $3 Million of Electricity to Mine BTC in China

BUSINESS 8Btc -
The power authority of Zhenjiang noticed an unusual spike in electricity consumption and abnormal line loss in some factories, and reported them to the local police.

Chinese Bitcoin Miners Want to Set Up Shop in Iran

BUSINESS 8Btc -
Chinese bitcoin miners have made requests through official channels to Iranian government, asking if they can leverage the country’s cheap power.

Asian Markets’ Appetite for Crypto on the Rise, Pushing Bitcoin Premium Surge

CULTURE 8Btc -
Amid the bullish trend in the bitcoin market, bitcoin’s popularity seems to be on the rise particularly in Asian markets.

Watch Bitcoin React as Bakkt Confirms Futures Market Testing Date

MARKETS 8Btc -
Bakkt has set a date to start accepting users for the testing of its bitcoin futures product.

Exploring Illegal Mining Camps in Western China

BUSINESS 8Btc -
Although China has shut down bitcoin trading platforms, its attitude toward bitcoin mining is still ambiguous. Now, 70 percent of the world’s bitcoins are produced in China, especially along the Dadu River, where there is plenty of hydropower.

Chinese Listed Companies and Bitcoin Mining: Partner or Predator?

BUSINESS 8Btc -
Chinese companies have jumped on the bandwagon of bitcoin mining, either under the guise of cloud computing or providing mining hosting services, in an effort to bypass regulations.
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