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BTCC, China’s oldest Bitcoin exchange, is shutting down its mining pool, which has been operating for more than four years, the company announced. The firm claims the decision to cease operations indefinitely from November 30 is due to business adjustments. BTCC’s Mining Pool to Cease Operations Indefinitely from November 30

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28.11.2020

BTCC, a Hong-Kong based bitcoin exchange has revealed via a press release that it plans to shut down its mining pool business BTCC Pool Limited after four years of operation in Hong-Kong. According to a statement from the firm published on November 6th, 2018, the company says it would “shut down all mining servers on November 15 and will BTCC Pool Limited, the mining pool business of cryptocurrency exchange BTCC, has provisionally agreed to sell 49 percent of its equity. According to a memorandum of understanding (MOU) published on Monday by BTCC Pool and its potential buyer, Value Convergence (VC) Holdings Limited – a Hong Kong-based financial service firm – the deal would BTCC, formerly known as BTC China, is a Bitcoin exchange which was founded in by Lee in Shanghai in 2011. It traded $25 billion worth of bitcoins in 2017.

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The BTCC mining pool is one of the largest in the world, and consists of about 15% of the world’s bitcoin computing power. Along with OKCoin and Huobi, BTCC is one of China’s “Big Three” bitcoin exchanges. It’s particularly popular with Chinese customers, but it has a growing international userbase as well. BTCC boasts of plans to make it international.

Mar 15, 2018

CryptoCompare needs javascript enabled in order to work. Our reputable BTCC index comprised of weighted quotation of the spot index price from multiple major cryptocurrency exchanges, as well as the price provided by BTCC’s liquidity providers. Our index avoid the market manipulation of one or two exchange and allow each order can be taken up to a value of 5000 BTC at the best transaction price. BTCC, formerly known as BTC China, is a Bitcoin exchange which was founded in by Lee in Shanghai in 2011. It traded $25 billion worth of bitcoins in 2017.

The exchange formerly known as BTC China aims to open an exchange to enable international crypto trading. BTCC is exiting the Chinese market to focus on making digital currencies accessible to everyone globally. This acquisition by a Hong Kong–based blockchain Hong-Kong based bitcoin exchange, BTCC has made known through a press release, plans to shut down its mining pool business BTCC Pool Limited after four years of operation in Hong-Kong. According BTCC Pool Limited, the mining pool business of cryptocurrency exchange BTCC, has provisionally agreed to sell 49 percent of its equity. BTCC, the Hong Kong-based crypto exchange, has decided to shut its mining pool business for now. This means that BTCC Pool Limited, after being operational for four years, has decided to stop its operations. The company has decided to shut down its business because of “business adjustments” reasons.

“Today’s acquisition is an incredible milestone for BTCC that validates all of our hard work over the past few years,” Bobby Lee, the co-founder of BTCC said in a press release sent to news.Bitcoin.com. Jun 25, 2018 Jan 30, 2018 This acquisition by a Hong Kong–based blockchain investment fund is a milestone for BTCC and will allow BTCC to focus on global digital currency adoption. BTCC, located in China and founded in 2011, was the world’s oldest bitcoin exchange until it closed in September 2017 under pressure from the Chinese government. Nov 07, 2018 Hong-Kong based BTCC, formerly known as BTC China, made this announcement via a statement on their pool’s website, stating that the mining operations will stop starting the 15th of November, and the pool will then shut down indefinitely from the 30th of November.

It traded $25 billion worth of bitcoins in 2017. It also operates a major mining pool which mined almost $900 million in Bitcoin in 2017. BTCC secures clients’ funds in offline cold storage. Other key security features offered by BTCC include geographically redundant cloud servers, SSL encrypted traffic, real-time internal controls, and strict procedures. About BTCC. BTCC Limited is based in Hong Kong, although the exchange’s Chinese division (BTCChina) is based in Shanghai. Jan 30, 2018 · BTCC, the China based crypto currency exchange which was closed in September 2017, is acquired by a Hong Kong-based block chain investment fund.

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Bobby Lee, co-founder of BTCC believes that platform will witness a growing shift in this year and beyond. BTCC aims to expand its business throughout world-wide. Lee was quoted as saying: Jun 26, 2018 Jan 29, 2018 BTCC Pool, the bitcoin, bitcoin cash, litecoin, and super bitcoin mining pool run by Bobby Lee's BTCC cryto conglomerate, has switched to a new, transparent model of full pay-per-share (FPPS Jun 26, 2018 Jan 29, 2018 Mar 21, 2017 With 4.55% of all Bitcoin blocks in the last year, BTCC’s operation is effectively the 7th most successful BTC mining pool in the world. The buyer in question is to Value Convergence (VC) Holdings Limited, a Hong Kong-based financial services company which through its subsidiaries, operates commodities trading, securities brokerage, and Leading cryptocurrency exchange BTCC has announced that it is shutting down its mining pool business, which has been in operation for the past four years.In its official announcement, BTCC said that it … The BTCC mining pool accounts for 3.2 percent of bitcoin's hashing power at press time, according to blockchain.info.

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Now BTCC is being acquired by an unnamed Hong Kong investment fund which intends to expand the company to all seven continents. “Today’s acquisition is an incredible milestone for BTCC that validates all of our hard work over the past few years,” Bobby Lee, the co-founder of BTCC said in a press release sent to news.Bitcoin.com.

In June of this year, the BTCC pool initially agreed to sell 49 percent of its equity to Value Convergence (VC) Holdings, a Hong Kong-based financial service. BTCC, London, United Kingdom. 9,436 likes · 27 talking about this · 16 were here. BTCC is the world-leading cryptocurrency derivative exchange, serving more than 6 million users worldwide. Nov 25, 2016 · BTCC (~11 percent hash power) signals support.

Jun 26, 2018

Bobby Lee, the co-founder of BTCC has been quoted as BTCC, the China based crypto currency exchange which was closed in September 2017, is acquired by a Hong Kong-based block chain investment fund. BTCC was once the world’s longest-running Bitcoin exchange, until it was shut down due to pressure from the Chinese government. BTCC is moving out of the Chinese market to focus on international markets. Now BTCC is being acquired by an unnamed Hong Kong investment fund which intends to expand the company to all seven continents.

BTCC, the Hong Kong-based crypto exchange, has decided to shut its mining pool business for now. This means that BTCC Pool Limited, after being operational for four years, has decided to stop its operations. The company has decided to shut down its business because of “business adjustments” reasons. According to the latest statement of the […] Hong Kong’s Value Convergence Holdings Limited has acquired the popular crypto mining pool business of BTCC which is BTCC Pool Limited. Value Convergence has purchased 4,900 shares which will lead to a $18.7 million raise for BTCC Pool.