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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.

7,000 BTC Lost in Hangzhou Scam

BUSINESS 8Btc -
Nearly 100 victims from various parts of China have reported to the Hangzhou police bureau, claiming that two young men stole nearly 7,000 bitcoin.

Bitcoin OTM in Beijing Lasted Less Than a Week Under Regulatory Pressure

MARKETS 8Btc -
The first Bitcoin OTC Teller Machine in Beijing was removed shortly after its installation, completing a test run but not signaling any lasting traction for mainstream bitcoin adoption in China.

Bitcoin Breaks $8,000: Four Factors Behind the Rally

MARKETS 8Btc -
The bitcoin price has broken $8,000 for the first time since July 2018, but what's behind the rally?

Binance Reveals Hack Information as Security Becomes a Public Concern

CULTURE 8Btc -
Binance has revealed more information about a hack that resulted in the theft of 7,000 bitcoin.

WeChat Plans to Stop Merchants From Transacting in Cryptocurrencies

BUSINESS 8Btc -
Recently, WeChat Payment has revised the “WeChat Agreement for Payment Service,” which involves the control and regulation of illegal transactions, including cryptocurrency transactions.

Is Bitcoin Mining Finally Profitable for Miners in 2019?

BUSINESS 8Btc -
Profits earned from bitcoin mining have seen a clear rise since the start of April 2019 and hit a near half-a-year high on April 15, 2019.

As Supply Exceeds Demand, Mining Price War Ignites in Sichuan

BUSINESS 8Btc -
The wet season in Sichuan can drop electricity costs, and therefore bitcoin mining costs, dramatically. But according to insiders, there is currently more supply than demand in the mining market.

Chinese Bitcoin Miners Suffer in Iran Despite Cheap Power

BUSINESS 8Btc -
Many Chinese cryptominers have migrated to places with cheap electricity and favorable policies as a result of the escalated government crackdown on cryptocurrency and its production process. Since late 2018, the oil-rich Middle East country of Iran has become a hotspot for Chinese miners.

Bitcoin Billionaire Zhao Dong: Bitcoin Is Likely to Fluctuate Between $4,000 and $6,000 for Half a Year

MARKETS 8Btc -
One of China’s biggest OTC traders claimed that the sudden jump in bitcoin price does not mark the end of the bear market.

Bitmain Reveals Specifications for Its ‘Profitable’ Antminer 17 Series

BUSINESS 8Btc -
Bitmain, the world’s largest bitcoin miner manufacturer, has announced specifications for its Antminer 17 series machines.
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