Wolfie Zhao

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A member of the CoinDesk editorial team since June 2017, Wolfie now focuses on writing business stories related to blockchain and cryptocurrency. Twitter: @wolfiezhao. Email: wolfie@coindesk.com. Telegram: wolfiezhao

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Babel Finance may be using customer funds to place bets that bitcoin's price will rise, co-founder Del Wang seemed to suggest in a leaked audio recording.
Leaked Recordings Suggest Crypto Lender Babel Leveraged Users' Funds in Longing Bitcoin
Leaked recordings suggest crypto lender Babel Finance leveraged some user funds to long bitcoin and faced potential default risks during this year’s Black Thursday market cras...
Babel Finance may be using customer funds to place bets that bitcoin's price will rise, co-founder Del Wang seemed to suggest in a leaked audio recording.
Bilibili site
Bilibili Copycat Tried to Save Itself With a $2M Crypto IEO – It Didn’t Work
A Chinese video streaming copycat service raised $2.1 million via an initial exchange offering in August 2019, but it appears this last resort wasn’t enough to save the compan...
Bilibili site
KuCoin
Over $280M Drained in KuCoin Crypto Exchange Hack
KuCoin, a cryptocurrency exchange in Asia, disclosed it was hacked and plans on reimbursing or recovering stolen customer funds.
KuCoin
MicroBT's Southeast Asia production center
MicroBT Sets Up First Offshore Bitcoin Miner Factory to Expand US Market Share
The new Southeast Asian facility will mean U.S. buyers won't have to pay an additional 25% tax on miner orders.
MicroBT's Southeast Asia production center
Satellite dish in China
China State Media Make Rare Reports Calling Crypto 2020's Best Performing Asset
Several Chinese state-owned media companies have made unusual coordinated reports describing cryptocurrencies as the year's top performing investment.
Satellite dish in China
Number of pending transactions on Ethereum (Etherscan.io)
Ethereum’s Pending Transactions Jump 30% After Uniswap’s Token Claim Begins
The number of pending transactions has reached over 210,000 after the claim for Uniswap's UNI token starts.
Number of pending transactions on Ethereum (Etherscan.io)
Binance CEO Changpeng Zhao
Japanese Crypto Exchange Accuses Binance of Helping Launder $9M From 2018 Hack
Fisco, formerly Zaif, is suing Binance for "aiding and abetting" the laundering of some of the $60 million stolen in 2018.
Binance CEO Changpeng Zhao
Jihan Wu, Bitmain, bitcoin mining
Jihan Wu Regains Upper Hand in Bitmain Co-Founder Fight
A new twist in the power struggle at Bitmain: Co-founder Jihan Wu has regained the legal representative status of the bitcoin mining giant.
Jihan Wu, Bitmain, bitcoin mining
pig, bank, empty
Security Firms Warn of Potential DeFi Exit Scam After $2.5M in 'Locked' Cryptos Moved
Two blockchain security firms have warned that the creators of a DeFi contract on the EOS network may have fled with users' funds.
pig, bank, empty
Poolin co-founder Zhibiao Kevin Pan (CoinDesk archives)
Court Denies Bitmain $30M in Damages From Co-Founders of Rival Poolin
A court in China has denied an appeal by bitcoin mining giant Bitmain seeking $30 million in damages from the three co-founders of mining pool rival Poolin.
Poolin co-founder Zhibiao Kevin Pan (CoinDesk archives)