China follows up crypto ban with an investigation into ‘Chinese CoinGecko’
The post China follows up crypto ban with an investigation into ‘Chinese CoinGecko’ appeared on BitcoinEthereumNews.com. Feixiaohao, a major crypto market data and industry news provider in China, is apparently being investigated by local police. This follows the crypto blanket ban in China. According to the official translated Chinese report, “The key members of the team have been taken away, and people in the cryptocurrency circle may not be able to use non-small accounts next year!” On August 28, Chinese crypto journalist Colin Wu reported on his channel Wu Blockchain News that several top executives at Feixiaohao are said to have been arrested as part of an ongoing investigation in Inner Mongolia, an autonomous area in northern China. Feixiaohao, the largest simplified Chinese cryptocurrency market data website similar to coingecko, was suspected of being arrested by the Chinese police. The reason is currently unknown and the investigation has lasted for more than half a year. Many of Feixiaohao’s exchange… — Wu Blockchain (@WuBlockchain) August 30, 2024 According to Feixiaohao’s official website, the crypto data platform was formally launched in August 2017, growing to become one of the largest simplified Chinese crypto market data websites. The website is often considered the Chinese equivalent of CoinGecko, a popular global tool for tracking the capitalization of over 14,000 cryptocurrencies on the market. Feixiaohao served as a data aggregation platform, delivering real-time information on a number of digital assets and exchanges. It generated revenue primarily from fees paid by cryptocurrency projects to be listed on the platform, selling advertising space, and forming promotional relationships with exchanges and project teams. Feixiaohao disregarded China’s 2021 crypto blanket ban According to Wu’s sources, the reasons for Feixiaohao’s alleged probe remain unknown, while the investigation has apparently lasted for a duration exceeding six months. Along with the stories of the arrests, the website has consistently published new articles in the news section, with the…
The post China follows up crypto ban with an investigation into ‘Chinese CoinGecko’ appeared on BitcoinEthereumNews.com.
Feixiaohao, a major crypto market data and industry news provider in China, is apparently being investigated by local police. This follows the crypto blanket ban in China. According to the official translated Chinese report, “The key members of the team have been taken away, and people in the cryptocurrency circle may not be able to use non-small accounts next year!” On August 28, Chinese crypto journalist Colin Wu reported on his channel Wu Blockchain News that several top executives at Feixiaohao are said to have been arrested as part of an ongoing investigation in Inner Mongolia, an autonomous area in northern China. Feixiaohao, the largest simplified Chinese cryptocurrency market data website similar to coingecko, was suspected of being arrested by the Chinese police. The reason is currently unknown and the investigation has lasted for more than half a year. Many of Feixiaohao’s exchange… — Wu Blockchain (@WuBlockchain) August 30, 2024 According to Feixiaohao’s official website, the crypto data platform was formally launched in August 2017, growing to become one of the largest simplified Chinese crypto market data websites. The website is often considered the Chinese equivalent of CoinGecko, a popular global tool for tracking the capitalization of over 14,000 cryptocurrencies on the market. Feixiaohao served as a data aggregation platform, delivering real-time information on a number of digital assets and exchanges. It generated revenue primarily from fees paid by cryptocurrency projects to be listed on the platform, selling advertising space, and forming promotional relationships with exchanges and project teams. Feixiaohao disregarded China’s 2021 crypto blanket ban According to Wu’s sources, the reasons for Feixiaohao’s alleged probe remain unknown, while the investigation has apparently lasted for a duration exceeding six months. Along with the stories of the arrests, the website has consistently published new articles in the news section, with the…
What's Your Reaction?
