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: @wolfiezhao. Email: wolfie@coindesk.com. Telegram: wolfiezhao

Litecoin’s Mining Power Has Fallen 28% Since Its Halving

| Wolfie Zhao

Mining power on the litecoin network has dropped by 28 percent since its recent "halving" event as miners struggle for profit.

Tether to Issue Stablecoin Backed by Yuan in Belgian Bank: Insider

| Wolfie Zhao

Tether is planning to issue a new stablecoin backed by Chiense yuan held in a bank in Belgium, says Bitfinex shareholder Zhao Dong.

Bitcoin Miners Halt Operations as Rainstorm Triggers Mudslides in China

| Wolfie Zhao

A severe rainstorm in China's southwest has led to fatal mudslides, causing some local hydropower plants and bitcoin miners to halt operations.

yuan

China’s Digital Fiat Wants to Compete With Bitcoin – But It’s Not a Crypto

| Wolfie Zhao

China may be about to launch a fiat digital currency, but in all likelihood, it will only resemble a cryptocurrency on the surface.

armstrong, coinbase

Crypto Exchange Coinbase Acquires Xapo’s Institutional Custody Business

| Wolfie Zhao

Cryptocurrency exchange Coinbase has acquired the institutional business of cryptocurrency wallet and custody solution provider Xapo.

Binance Customer Data Has Leaked: What We Know and What We Don’t

| Wolfie Zhao and John Biggs

Binance, the world's largest cryptocurrency exchange by trading volume, said it's investigating the alleged of leak tens of thousands of customers…

Facebook Hires US Senator’s Former Aide to Lobby for Libra Cryptocurrency

| Wolfie Zhao

Facebook has hired a former aide to the chairman of the U.S. Senate Banking Committee to lobby for its Libra cryptocurrency project.

Litecoin Just Halved Its Crypto Rewards for Miners

| Wolfie Zhao

Litecoin, the fourth-largest cryptocurrency by market value, has just reduced its block reward for miners by half.

Bitcoin’s Computing Power Sets Record as Over 100K New Miners Go Online

| Wolfie Zhao

The total computing power now dedicated to securing the bitcoin blockchain has set yet another record.

Tron’s Sun Apologizes to Regulators for ‘Over-Marketing’ Buffett Lunch

| Wolfie Zhao

Justin Sun, founder of the Tron cryptocurrency, just issued a public apology in Chinese for his conduct over the Warren Buffett lunch.