Wolfie Zhao

A member of the CoinDesk editorial team since June 2017, Wolfie now focuses on writing business stories related to blockchain and cryptocurrency. Twitter: <a href="https://twitter.com/wolfiezhao">@wolfiezhao</a>. Email: wolfie@coindesk.com. Telegram: wolfiezhao

Wolfie Zhao

Latest from Wolfie Zhao


Markets

China's Crypto Competitor Is Being Built in a Secret Office with Restricted Access

A dedicated team has been developing China’s digital currency in a closed-door environment, away from central bank headquarters

yuan, china

Markets

Arrington XRP Backs Fund's $200 Million Raise for Algorand Blockchain

There's a new $200 million fund dedicated to investing in the Algorand blockchain ecosystem.

US banknote image via Shutterstock

Markets

Coinbase's Ex-Policy Head Will Lobby for Facebook's Libra Crypto

Facebook has hired a lobbying firm led by a former head of policy at Coinbase amid regulatory pushback from U.S. lawmakers over its Libra project.

Facebook's David Marcus at a Senate banking hearing in July, 2019

Markets

Binance Launches Crypto Lending With Up to 15% Annual Interest

Crypto exchange Binance is now offering users up to 15% in annualized interest for lending their crypto assets such as BNB and USDT.

Binance ex-CEO Changpeng "CZ" Zhao (CoinDesk archives)

Markets

Switzerland Meetings Didn't Clear US Lawmaker's Doubts on Facebook's Libra

A U.S. lawmaker said her concerns with Facebook's Libra crypto project remain after meeting regulators in Switzerland.

U.S. Representative Maxine Waters, who chairs the House Financial Services Committee

Markets

25-Year-Old Bitcoin Seller Faces Life Sentence for Unlicensed Exchange

A man from Los Angeles agrees to plead guilty to charge for running an unlicensed crypto exchange without an effective AML program.

paxos

Markets

Litecoin's Mining Power Has Fallen 28% Since Its Halving

Mining power on the litecoin network has dropped by 28 percent since its recent "halving" event as miners struggle for profit.

LTC BTC

Markets

Tether to Issue Stablecoin Backed by Yuan in Belgian Bank: Insider

Tether is planning to issue a new stablecoin backed by Chiense yuan held in a bank in Belgium, says Bitfinex shareholder Zhao Dong.

Yuan

Markets

Bitcoin Miners Halt Operations as Rainstorm Triggers Mudslides in China

A severe rainstorm in China's southwest has led to fatal mudslides, causing some local hydropower plants and bitcoin miners to halt operations.

mud, slide

Markets

China’s Digital Fiat Wants to Compete With Bitcoin – But It’s Not a Crypto

China may be about to launch a fiat digital currency, but in all likelihood, it will only resemble a cryptocurrency on the surface.

yuan