WeChat to Ban Bitmain's Account

Bitmain is not the first banneed crypto related account; over 30 accounts have been blocked so far
10 September 2018   593

The Chinese instant messenger WeChat has blocked accounts related to the sale of Mining equipment from Bitmain and analysis of movements of cryptology, CoinDesk reports.

In particular, on September 10, the official channel of the manufacturer of Bitmain Mining Equipment "antminersale" got to the "black list" of the service.

Following users' complaints, the platform [WeChat] has reviewed and discovered that this account – without having acquired authorized credentials or licenses – has been publishing and distributing information of relevant businesses it is involved in

WeChat Message

However, the second similar to Bitmain account "antminer_official" is still available in WeChat. Representatives of Bitmain declined to comment on the situation.

In addition, the operator of the Goldcoins channel, who previously published analysis and forecasts of the crypto-currency market, reported problems with access to the account. Delphy project's account is under a ban too. This startup which develops an analogue of the market predictions Augur on the Ethereum's blockchain.

In both cases, WeChat named the same reasons for blocking as for the Bitmain account.

Wecchat, originally developed by the Chinese technology giant Tencent, began blocking media accounts related to the cryptocurrencies at the end of August. According to CoinDesk, over 30 accounts have been blocked so far. WeChat has not yet explained the reasons for the ban.

Huobi to Issue Loans for Miners

This is the part of services that will be available for russian clients of the crypto exchange
19 November 2018   53

Huobi, which opened an office with 30 employees in Moscow on November 12, expects to give Russian users access not only to trading functionality, but also something more. This reported by CoinDesk.

As previously reported, a new call center with Russian-language support opens on the basis of the Russian division, which in itself distinguishes Huobi against the background of such exchanges as Binance, OKEx and Bitfinex, which are currently not ready to provide support to users in Russian.

In addition, through the Russian division of Huobi will implement over-the-counter trading (OTC) and listings, as well as provide personal managers for large customers, its head Andrei Grachev said. .

Initially, Huobi’s plans were even more ambitious - the exchange wanted to give users the opportunity to make deposits in Russian rubles, but local experts did not advise it to do so.

They consulted with us a lot, and in the end, I think, we made them feel disappointed. They were interested in providing fiat operations, but we told them it’s impossible.

Vladimir Demin

Head of the Center of Digital Transformations, Russian government-owned development bank Vnesheconombank

Nevertheless, Russian users will be able to buy cryptocurrency for rubles through an over-the-counter service, and then transfer it to their trading accounts, Grachev said. The over-the-counter platform is already functioning, but for the time being it is used by very few users from Russia, so Huobi expects to attract new customers to its proposal with a favorable commission rate.

In addition, Huobi intends to issue loans to miners for the purchase of specialized ASIC equipment and lease premises for their placement. According to Grachev, the service can earn in the first quarter of next year.