BTCChina speeds up its shutdown

BTCChina speeds up its shutdown and adjusts the withdrawal transaction fee
27 October 2017   263

The largest Bitcoin trading platform in China, BTCChina, updates an announcement that it will shut down the exchange business and stop providing withdrawal services on October, 30. In order to speed up the shutdown, BTCChina is to adjust the withdrawal transaction fee.

After the deadline, the platform is very likely to stop the service of online withdrawals. With the final date coming, the largest Bitcoin trading platform is to say goodbye to its users and the market.

Thus, until October 25, the platform will remain with the previous withdrawal transaction fee standards:

  • Withdrawal transaction fee for BTC: 0.0015 BTC;
  • Withdrawal transaction fee for LTC: 0.001 LTC;
  • Withdrawal transaction fee for ETH: 0.01 ETH;
  • Withdrawal transaction fee for BCC: 0.0005 BCC.

Starting on October 25, new withdrawal transaction fee standards will be activated:

  • Withdrawal transaction fee for BTC: 0.0045 BTC;
  • Withdrawal transaction fee for LTC: 0.003 LTC;
  • Withdrawal transaction fee for ETH: 0.03 ETH;
  • Withdrawal transaction fee for BCC: 0.0015 BCC.

Whether it will be indeed the final goodbye for BTCChina, remains to be seen.

Hong Kong Investment Fund Bought Chinese BTC Giant BTCC

The funds received as a result of the transaction will be used to expand the international presence of the conglomerate after leaving the Chinese market
30 January 2018   120

The Chinese bitcoin-giant BTCC was bought by an unnamed investment fund from Hong Kong. This is reported by IBTimes.

We currently aren't releasing the information on the fund nor the amount of resources raised.
 

BTCC Spokeswoman 

Only in 2017, the BTCC mining pool generated nearly $ 900 million in bitcoins, while the company's own currency exchange accounted for more than $ 25 billion. Also, last year, BTCC launched its own mobile Mobi wallet, which, according to the company, already has users more than in 180 countries of the world.

Today's acquisition is an incredible milestone for BTCC that validates all of our hard work over the past few years. I'm very excited about the resources this gives BTCC to move faster and aggressively grow our businesses in 2018 and beyond.
 

Bobby Lee

Co-founder, BTCC

As added by the BTCC, in the future the company will focus on three main areas of work: the international mining pool, the Mobi wallet and the US dollar-based exchange.