BTCC To Launch New Cryptocurrency Exchange In June

News | May 28, 2018 By:

Chinese bitcoin company BTCC will be launching its upgraded crypto exchange platform next month.

Founded in 2011 by Bobby Lee, BTCC was the world’s oldest bitcoin exchange until it shuttered its platform in September 2017 under pressure from Chinese authorities. It operates a major mining pool which mined almost $900 million in bitcoin last year.


China Exchanges Used Client Funds for Own Gains, Report Claims

Crime, FinTech, Investing, News, Regulation | August 22, 2017 By:

A Chinese news agency has reported that bitcoin exchanges Huobi and OKCoin invested client funds into risky financial instruments for their own gain.

The state-owned Xinhua Agency newswire reported late last week that Huobi and OKCoin collectively put a billion yuan (about $150 million US) in idle client funds into high-yielding but risky wealth management products.