Nancy Poxian writes for FT Chinese website
It was late autumn in Singapore on November 22, and the air was still hot and restless in the afternoon. The Conrad Hotel located on a busy beach welcomed a group of special guests. They are passers-by and many old friends. They gathered here to witness the renaming conference of Huobi, which was once the number one virtual currency exchange in China.
In the past nine years, Huobi has gone from occupying half of the global bitcoin transactions to moving overseas and changing owners and changing names. It is embarrassing. But today, when the entire cryptocurrency industry is in deep crisis, this situation is far from the worst.
Bitcoin was born in January 2009, and in 2013…
