The hike in BTC's fiat price last week is not because it is a "digital gold" with actual utility but based on rumors that the U.S. securities regulator is close to stamping its approval to BlackRock's IBTC ETF application.
After four years, BTCC is shutting down its cryptocurrency mining pool indicated that the current market is not conducive to continue operations.
BTCC is preparing to expand into South Korea, with plans to make an official launch by November, according to reports.
BTCC Pool Limited, is expected to go to Hong Kong-based Value Convergence Holdings Limited, pending due diligence and final contract negotiations.
The new and improved BTCC exchange will offer faster withdrawals and deposits, while providing better liquidity.
