Hong Kong Crypto Exchange Bitspark Shuts Down Amid Coronavirus Outbreak and Protests

Crypto exchange service provider Bitspark is shutting down next month despite reporting exponential growth following the launch of its cash point product. The CEO of the company explained that its internal restructuring has not worked out but insisted that the ongoing protests in Hong Kong and coronavirus outbreak have not affected his platform much. Also … Read more

China Stocks Plummet Despite 1.2 Trillion Yuan Injection to Mitigate Effects of Epidemic

China’s stock market plunged Monday under selling pressure accumulated during a prolonged holiday. Investors have been worried by the coronavirus outbreak that’s already taken the lives of more than 360 people. Beijing authorities have responded by pumping well over a trillion yuan into the country’s economy and financial system. Also read: China’s Inflation Hits a … Read more

Coronavirus Outbreak Forces Chinese Crypto ASIC Manufacturers to Delay Orders

Bitcoin mining rig deliveries from China are delayed due to the coronavirus according to a few Chinese manufacturers. Microbt and Ebang sent notices to customers via the firm’s Wechat channels. Sources say Bitmain and Innosilicon are delaying mining device shipments as well. Also read: How to Obscure Bitcoin Cash Transaction Data by Leveraging Cashfusion Microbt … Read more