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Wolfie Zhao

Latest from Wolfie Zhao
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

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.

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.

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.

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.

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.

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.

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.

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.

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.
