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


Policy

China's Digital Currency May Come With Hardware Wallets as Well

China Construction Bank’s brief digital yuan debut suggests that hardware wallets for the central bank digital currency may be in the works.

China Construction Bank

Markets

Chinese Bank Disables Digital Yuan Wallet After Soft Launch Draws Wide Attention

China Construction Bank had quietly opened up the wallet service of China's digital yuan to public users – but has now disabled it shortly after the feature gained wide attention.

China Construction Bank

Finance

Bitmain, Ebang Among 21 Bitcoin Mining Farms Stripped of Energy Perks in Inner Mongolia

Affected mining centers in the area may see a notable increase in electricity costs.

(HelloRF Zcool/Shutterstock)

Markets

Top Bitcoin Mining Pools See 15% Hashrate Drop Amid Continuous Rainstorms in China

Major Chinese bitcoin mining pools are each seeing daily hashrate drops of between 10% and 20% following continuous rainstorms in Sichuan.

Bitcoin mining farm (CoinDesk archives)

Tech

Daily Profitability for Ethereum Miners Hits Over 2-Year High

The surge in profitability comes after rises in transaction fees and prices of the ether cryptocurrency.

bitcoin miner

Markets

Bitmain Delays Bitcoin Miner Shipments by Three Months as Co-Founders Battle On

The escalating internal power struggle at Bitmain is starting to have a more serious impact on its business and customers.

Bitcoin miner image (CoinDesk archive)

Finance

The 2020 Rainy Season Is Tougher Than Ever for China’s Bitcoin Miners

Chinese bitcoin miners are usually happy this time of year because the monsoon season brings excessive rain and thus cheap hydro electricity. But this year has proved to be tougher than ever.

Bitcoin mining facility via CoinDesk archives

Finance

Huobi Hires Former Banking Giant Executive to Lead New DeFi Fund

The crypto exchange group is forming a new fund to invest tens of millions of dollars in the DeFi space.

Huobi CEO Leon Li

Policy

Police Arrest 27 Alleged Masterminds Behind $5.7B Plus Token Crypto Scam

Chinese police have arrested 27 leaders and 82 others suspected of operating the Ponzi scheme.

(chinahbzyg/Shutterstock)

Markets

Ethereum Miners' Income Soars by 60% in a Month and Outruns Ether's Price Jump

Ethereum miners may have benefited the most from ether’s recent price rise and soaring transaction fees.

Cryptocurrency mining machines