• Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News
    Bitcoin Market Sentiment: Shifting from Bearish to Neutral

    Bitcoin Market Shifts to Neutral Before Fed Decision

    Capital B Overtakes HIVE in Bitcoin Mining Ranking

    Capital B Overtakes HIVE in Bitcoin Mining Ranking

    Michael Saylor Advocates Bitcoin Reserve in Washington

    Michael Saylor Advocates Bitcoin Reserve in Washington

    Michael Saylor Joins Lawmakers for Bitcoin Reserve Bill

    Michael Saylor Joins Lawmakers for Bitcoin Reserve Bill

    Michael Saylor Joins Legislative Push for Bitcoin Reserve

    Michael Saylor Joins Legislative Push for Bitcoin Reserve

    Michael Saylor Advocates Bitcoin for Corporate Treasuries

    Michael Saylor Advocates Bitcoin for Corporate Treasuries

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar
    Solana ETFs Hit Record $145M Daily Inflow

    Solana ETFs Hit Record $145M Daily Inflow

    Solana ETFs Record $145M Daily Inflow, AUM Hits $4.1B

    Solana ETFs Record $145M Daily Inflow, AUM Hits $4.1B

    Solana ETFs Reach Historic $145M Daily Inflow

    Solana ETFs Reach Historic $145M Daily Inflow

    India's INR-backed Stablecoin Exploration

    India Discusses INR Stablecoin Amid Regulatory Challenges

    Bitwise Files for Spot AVAX ETF with SEC

    Bitwise Files for Spot AVAX ETF with SEC

    BitMine's Ethereum Holdings Reach $10 Billion Milestone

    BitMine’s Ethereum Holdings Reach $10 Billion Milestone

    Trending Tags

    • Ethereum
    • Bitcoin Cash
    • Litecoin
    • Monero
    • Ripple
  • Crypto 101
    • All
    • Cryptocurrencies
    • Exchanges
    • Services
    • Wallets
    Benefits Of Choosing the Right AI Trading Bot

    4 Benefits Of Choosing the Right AI Trading Bot

    Crypto Trading

    A Beginner’s Guide to Crypto Trading: Unlocking the World of Digital Coins

    BitcoinGames.com

    BitcoinGames.com Introduces the Ultimate Casino Gaming Experience with Bitcoin

    How AI is Helping Athletes and Fans Get the Most out of the Game

    From Training to Judging, AI is Entering the Ring

    Top 5 Websites for Buying Gift Cards with Crypto

    Clutch Savours – Gift Certificates You Can Buy with Crypto

    Layer 2 Blockchains

    Everything You Need To Know About Layer 2 Blockchains

  • Blockchain Events
No Result
View All Result
Blockchain & Cryptocurrencies Tabloid
No Result
View All Result

China’s Largest Bitcoin Whale is Done with Cryptocurrency

Joshua T. by Joshua T.
October 3, 2018
in Finance & Blockchain, Latest News
Bitcoin Whale Li Xiaolai

Source: fortuneinsider.com

Li Xiaolai, one of China’s largest bitcoin wallet holder has made an announcement that he will be quitting the cryptocurrency scene and if anyone sees a project in his name henceforth, they should ignore it.

He Made a Post on Weibo

He made this known through a Social media post in the popular Chinese social media, “weibo”.
Although the post was written in Chinese, it has been translated to mean:

“From this day on, Li Xiaolai personally will not invest in any projects (whether it is blockchain or early stage). So, if you see ‘Li Xiaolai’ associated with any project (I have been associated with countless projects without my knowledge, 99% is not an exaggeration), just ignore it,”

He further commented that going forward, he plans to spend several years to contemplate on his career change as he is not sure of what he will be doing next.

Li Xiaolai and Chen Weixing’s

Li Xiaolai has been identified as one of China’s largest Bitcoin holder and he is also the founder of South African fintech startup, BitFund.
He is also well known for his feud with a venture capitalist, Chen Weixing. This feud has led to him stepping down as the managing partner of a $1 billion blockchain fund named “Xiong” a Blockchain Fund. Li Xiaolai has been referred to as “a tumour” on the Chinese cryptocurrency industry by Chen Weixing.

Chinese Government Clampdown on Cryptocurrency

Li’s decision to end all Cryptocurrency related engagement at this time, where the Chinese Government has increased its efforts towards shutting down all Crypto related projects within its border is a very smart move.

This effort by the Chinese government has been met with great criticism from top influencers and experts of the crypto industry. It is believed by many that this effort by the Government might lead to a drawback in China’s technological progress.

Tags: ChinaLiwhaleXiaolai
Previous Post

What is an ICO? – Beginner’s Guide

Next Post

XRP is ‘Very Clearly Decentralized’: Ripple CEO Brad Garlinghouse

Joshua T.

Joshua T.

Related Posts

India Debates Proposed Digital Rupee Stablecoin

India Debates Proposed Digital Rupee Stablecoin

by Solomon M.
September 16, 2025

India discusses a Digital Rupee Stablecoin, sparking crypto industry reactions.

PayPal Integrates Crypto in P2P Payments

PayPal Integrates Bitcoin, Ethereum, PYUSD for P2P Payments

by Solomon M.
September 15, 2025

PayPal announces integration of Bitcoin, Ethereum, and PYUSD in its P2P system.

Thailand Freezes Millions of Bank Accounts in Scam Crackdown

Thailand Freezes Millions of Bank Accounts in Scam Crackdown

by Solomon M.
September 15, 2025

Thailand freezes 3 million accounts to fight scams, affecting financial and crypto sectors.

Bitmine Acquires 276.8K ETH Amid Market Dynamics

Bitmine Acquires 276.8K ETH Amid Market Dynamics

by Joshua T.
September 15, 2025

Bitmine Immersion Technologies buys 276.8K ETH, driving notable market impact.

Crypto Market Liquidations and Their Impact

Crypto Market Faces $309M Liquidation Impact

by Solomon M.
September 15, 2025

$309M crypto liquidated, $217M from longs, affecting key assets like BTC, ETH.

Market Liquidations Highlight Crypto Volatility

Crypto Market Hit: $309M Liquidations Recorded

by Solomon M.
September 15, 2025

$309M crypto liquidations in 24 hours, impacting BTC, ETH. Key exchanges involved.

We Recommend

Top Rated Casinos
Bitstarz Casino

BitcoinCasino.io
Top Crypto Betting
1xBit.com
Top Rated Exchanges
Binance Exchange

Bityard.com
Top Advertising Services
Coinzilla Display Network
Top Crypto Wallets
Ledger Nano X

  • Terms and Conditions
  • Privacy Policy
  • Advertise
  • About Us
  • Contact Us

© 2018-2019 theccpress.com by Brantell Media.

No Result
View All Result
  • Finance & Blockchain News
  • Bitcoin News
  • Altcoin News
  • Crypto 101
  • Blockchain Events

© 2018 - 2019 theccpress.com, a Brantell Media project.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.