The “wild west” is a term often applied to the cryptocurrency sector, and not unfairly. Nearly twelve years after Bitcoin’s genesis block, an entire industry has sprung up around digital assets. Unfortunately, legitimate information can be challenging to find, with so many bad actors moving freely in this largely unregulated space.
During 2017 and 2018, entrepreneurs wooed token investors with white papers promising to revolutionize every industry under the sun. Many of those who invested early lost out to exit scams or worthless tokens.
In 2020, the current topic du jour is decentralized finance – lending, borrowing, and trading between peers, all managed by smart contracts on the blockchain. With anonymous developers, buggy code, and token value charts that look like rollercoaster rides, users need a steady hand to help them navigate this burgeoning area.
Since early 2017, Michael Gu of Boxmining has been one of those steady hands. Gu started the Boxmining YouTube channel as a passion project based on his enthusiasm for all things blockchain and cryptocurrency. His timing couldn’t have been better, as 2017 saw the most meteoric price hikes in Bitcoin’s history, along with the influx of ICOs. The appetite for news and information relating to cryptocurrencies increased along with the hype, and so Boxmining quickly grew, establishing Gu as one of the leading authorities in the sector.
Now, Boxmining has over 216,000 subscribers and has amassed over 21 million views. Gu broadcasts at least twice a week, covering all the latest news and updates from the cryptocurrency markets. He currently includes a heavy focus on the craze for DeFi. However, Boxmining expanded far beyond its initial base on YouTube.
The Boxmining.com website has grown to nearly 150k monthly visitors, and Gu’s Twitter account has over 101,000 followers. The brand is also present on Discord and Telegram, with a private discussion channel, and on Instagram with over 13,000 followers.
Bridging the East-West Divide
Gu himself was educated at Imperial College, London, but is now based in Hong Kong. Therefore, from an informational perspective, he plays a vital role in helping blockchain and crypto enthusiasts in East and West understand developments on either side.
The Chinese blockchain and cryptocurrency scene is vast, and according to recent research issued by blockchain security firm Chainalysis, China is some way ahead of the US in terms of adoption and usage of cryptocurrencies. China also leads the world on blockchain patents, accounting for more than half of all global filings.
With a foot in the Chinese blockchain scene’s door, Boxmining regularly features interviews with Chinese crypto entrepreneurs. A recent notable example is one of the best-known names in crypto, Binance CEO Changpeng Zhao, who has also been an outspoken proponent of decentralized finance. Gu was also invited onto “Tiger Talk,” one of China’s most watched television shows, where he gave his insights on the rise of China’s national digital currency and its effects on the US dollar’s hegemony.
There’s a legitimate need for trusted, knowledgeable, and reliable news sources in the fast-moving cryptocurrency space. Boxmining has grown as a brand that is filling that gap and keeping well abreast of all the current trends affecting the crypto space.