{"id":244012,"date":"2021-05-07T02:31:58","date_gmt":"2021-05-06T23:31:58","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/shanghai-man-vechain-on-tv-doge-flips-btc-volume-hotbit-hack-and-more\/"},"modified":"2021-05-07T02:31:58","modified_gmt":"2021-05-06T23:31:58","slug":"shanghai-man-vechain-on-tv-doge-flips-btc-volume-hotbit-hack-and-more","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/shanghai-man-vechain-on-tv-doge-flips-btc-volume-hotbit-hack-and-more\/","title":{"rendered":"# Shanghai Man: VeChain on TV, DOGE flips BTC volume, Hotbit hack and more &#8230;"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3c55b96b953\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3c55b96b953\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/shanghai-man-vechain-on-tv-doge-flips-btc-volume-hotbit-hack-and-more\/#Will_DOGEmania_ever_stop\" >Will DOGEmania ever stop?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/shanghai-man-vechain-on-tv-doge-flips-btc-volume-hotbit-hack-and-more\/#Hacking_attempt_fails_but_causes_a_major_ruckus\" >Hacking attempt fails, but causes a major ruckus<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/shanghai-man-vechain-on-tv-doge-flips-btc-volume-hotbit-hack-and-more\/#Shenzhen-based_HOO_launches_Smart_Chain_contender\" >Shenzhen-based HOO launches Smart Chain contender<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/shanghai-man-vechain-on-tv-doge-flips-btc-volume-hotbit-hack-and-more\/#VeChain_on_national_TV\" >VeChain on national TV<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/buradabiliyorum.com\/en\/shanghai-man-vechain-on-tv-doge-flips-btc-volume-hotbit-hack-and-more\/#Rising_salaries_for_blockchain_devs\" >Rising salaries for blockchain devs<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/buradabiliyorum.com\/en\/shanghai-man-vechain-on-tv-doge-flips-btc-volume-hotbit-hack-and-more\/#Miners_back_up_and_running%E2%80%A6_away\" >Miners back up and running&#8230; away?<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Shanghai Man: VeChain on TV, DOGE flips BTC volume, Hotbit hack and more &#8230; <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDUvNjBhZmIxOGEtOWQ4MS00MmRmLWFhZjEtY2Y3ZTE5YThhY2Q0LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a136f3a><em>This weekly roundup of <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> from Mainland China, Taiwan, and Hong Kong attempts to curate the industry\u2019s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations. <\/em><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Will_DOGEmania_ever_stop\"><\/span>Will DOGEmania ever stop?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Dogecoin has officially flipped Bitcoin in a few categories here in China, with DOGE trading volume on leading Chinese exchange Huobi surpassing that of leading assets ETH and BTC. On May 6th, according to CoinGecko, DOGE volume made up more than 15% of total exchange volume, whereas BTC and ETH were around 8% each. Searches for \u2018Dogecoin\u2019 on WeChat surpassed searches for Bitcoin, with 2.3 million versus 1.7 million on May 5th. Dogecoin has become increasingly <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ealing to the Chinese retail community since earlier this year as many are attracted to the virality and get-rich-quick potential of the colorful DOGE community.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Hacking_attempt_fails_but_causes_a_major_ruckus\"><\/span>Hacking attempt fails, but causes a major ruckus<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Centralized exchange Hotbit was the victim of a hacking attempt on April 30th. The good news was that assets appear to be safe on the platform. The bad news was that user data was compromised, leading to a corrupted database. Trading, deposits and withdrawals have all been paused while the exchange attempts to restore normality. The Chinese exchange has been communicating actively via <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a>, with the interrupted service lasting potentially another week. Hotbit is well known for listing a diverse range of assets, making it a popular spot among more risk averse investors. <\/p>\n<h3><span class=\"ez-toc-section\" id=\"Shenzhen-based_HOO_launches_Smart_Chain_contender\"><\/span>Shenzhen-based HOO launches Smart Chain contender<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Hoo.com became yet another exchange <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.hoosmartchain.com\/\">to launch an Ethereum Virtual Machine, or EVM-based, smart chain<\/a>, attempting to bridge their CeFi users into the DeFi space. The chain, currently in testnet, boasts low fees of just 0.001 USD per transaction and over 500+ transactions per second, as well as compatibility with Ethereum, BSC, and HECO. Since the start of the year, Hoo\u2019s token has increased by over 350%. Other Chinese exchanges, including OKEx and Gate, have also launched smart chains. Smart chains are proving an attractive way to let users maximize yield while still letting the exchange capture value from the process. <\/p>\n<h3><span class=\"ez-toc-section\" id=\"VeChain_on_national_TV\"><\/span>VeChain on national TV<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>English-language and state-run business channel CGTN created <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/news.cgtn.com\/news\/2021-05-04\/China-s-blockchain-industry-embraces-influx-of-young-talents-ZYPKpIUAo0\/index.html\">a short expository video<\/a> on blockchain\u2019s growth post-COVID19. The video and article featured a close look at VeChain\u2019s progress in developing business solutions, explaining how the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> could be applied to the food safety and infection control industry. The media company shot a short video inside the office and interviewed a few of the developers, indicating that the company has done well to comply with regulatory requirements in the tightly run country. It\u2019s no secret that VeChain has a top position and close relationship with many government backed organizations, which is an enviable position for any enterprise Blockchain-as-a-Service provider. <\/p>\n<h3><span class=\"ez-toc-section\" id=\"Rising_salaries_for_blockchain_devs\"><\/span>Rising salaries for blockchain devs<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The Beijing Human Resources and Social Security Bureau recently released the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/news.bjd.com.cn\/2021\/04\/27\/76169t100.html\">2021 Beijing Human Resources Market Salary Survey Report<\/a> (First Quarterly)&#8221;. According to the report, new and hot jobs, which included the tech space, had a median average monthly salary mainly in the $3,000 to $4,600 range. Blockchain engineers comfortably eclipsed that with a wage of $6,700 per month, showing the growing demand for the skills. By contrast, the average annual salary of a blockchain developer in the U.S. often exceeds $12,500 per month, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/hired.com\/salaries\/blockchain-engineer\">according to recruitment firm Hired.com<\/a>, nearly double the going rate in Beijing. <\/p>\n<h3><span class=\"ez-toc-section\" id=\"Miners_back_up_and_running%E2%80%A6_away\"><\/span>Miners back up and running&#8230; away?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Mining appears to have resumed as normal following the outages after a deadly coal mine accident last month. The incident required rigorous inspections of mining facilities, forcing many ASIC miners to turn off their machines. Hashrates have currently recovered to near the rates they were prior to the incident in the middle of April. One interesting shift, however, is that the industry appears to be gradually shifting from China to North America. F2Pool founder Chun Wang noted that for the first time in 8 years, more than half the BTC hashing power was coming from outside of China. This may have been partially tied to the incident, but is a trend that many experts are following as mining regulations in China appear to be growing stricter. <\/p>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/shanghai-man-vechain-on-tv-doge-flips-btc-hotbit-hack-blockchain-engineers-make\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Shanghai Man: VeChain on TV, DOGE flips BTC volume, Hotbit hack and more &#8230; &#8221; This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry\u2019s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations. Will DOGEmania ever stop? Dogecoin has officially&#8230;<\/p>\n","protected":false},"author":1,"featured_media":244013,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDUvNjBhZmIxOGEtOWQ4MS00MmRmLWFhZjEtY2Y3ZTE5YThhY2Q0LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,74862,74894,74863,74860,74868,74891,75042,74355,4973,4965],"class_list":["post-244012","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-bitcoin","tag-blockchain","tag-cryptocurrencies","tag-cryptocurrency-exchange","tag-defi","tag-ethereum","tag-mining","tag-adoption","tag-china","tag-technology"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/244012","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=244012"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/244012\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/244013"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=244012"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=244012"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=244012"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}