Cryptocurrency Analysis and News Portal
Less than two years after bursting onto the scene, Chinese crypto exchange FCoin has shut down its operations. The platform, founded by Zhang Jian, also says it may be unable to pay the 7,000 to 13,000 Bitcoin (BTC) — about $67 million to $125 million — that is owed to
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Cryptocurrency exchange FCoin, which revealed its insolvency this week, may have already been leaking bitcoin as early as July 2018 – just two months after its debut.On-chain analysis and security startup PeckShield released a report on Friday, suggesting FCoin's bitcoin (BTC) wallets had a significant outflow of nearly 10,000 BTC
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The reputed cryptocurrency trading and exchange platform, KuCoin has emerged as the champion of market makers on the now troubled FCoin crypto platform by launching the Market Maker Support Program. The program that went live today is slated to benefit the affected FCoin market makers in two different ways.The Chinese
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The growth in the crypto space over the past half a decade or so has been primarily fueled by the emergence of crypto exchanges like FCoin, among others. While that may be true, it should also be kept in mind that many such exchanges have floundered due to a variety
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Zhang Jian, founder of Chinese crypto exchange Fcoin, revealed in a post earlier today that FCoin may not be able to pay the 7,000-13,000 BTC (that’s $67 million to $125 million) that it owes users. According to Zhang, the exchange hasn’t been hacked and isn’t an exit scam. But evidence
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FCoin, a crypto exchange that adopted the controversial "trans-fee mining" model, has paused trading and withdrawal as it reveals a shortage of crypto assets worth up to $130 million.Zhang Jian, the former Huobi CTO who launched FCoin in May 2018, wrote a lengthy post on Monday, saying the exchange is
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