China

Chinese New Year’s Coming Up: Price History Reveals Bitcoin Bulls Should Be Worried

The cryptocurrency market, being a relatively young and small one, is frequently affected by external forces. Sometimes, one of those factors could sound a bit strange on the surface, but it could deliver a severe impact. It’s the Chinese New Year. The Holiday is taking place during the next weekend, between January 25th (Saturday) and...
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China To Publish A Textbook Guide On Blockchain And Cryptocurrencies

China has reportedly published a second printing of its textbook guide on blockchain and cryptocurrencies. It educates readers about their future usage and potential impact on the world. While teaching about the former is more easily accepted, the latter might come as a surprise since crypto trading has been banned for years in the country....
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Cryptocurrency Regulation in China

Unlike cryptocurrency regulations in the USA, China region has a less crypto-friendly attitude towards cryptocurrency.  In this article, I’ll explain how China views its crypto regulations. In countries like the United States, cryptocurrency profits count as taxable income. The country recognizes cryptocurrency as a commodity or property. A lot of countries including China want to...
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China To Impose Stricter Financial Monitoring Rules, Bitcoin Emerges As An Alternative

China’s central bank is reportedly preparing a new set of stricter rules that will affect public privacy and personal information. The update will make nine significant changes regarding leasing services and other types of financial transactions, and the community has quickly brought up Bitcoin and its potential to be used freely in similar situations. China...
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How 2020 Will Become The Year of The Crypto Stablecoin

The past two years have opened the eyes of the world to crypto currencies. Showing particular interest has been central banks with a number of them developing their own stablecoins and more will be arriving this year. Year of the Stablecoin Many of the existing stablecoins may simply disappear under an avalanche of better alternatives....
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BTC’s Hashrate Touches 120 Exahash, But the Price Has Not Followed

On January 1, the BTC network hashrate touched an all-time high at close to 120 exahash per second (EH/s). Despite the crypto market lull and lower BTC prices, the 2020 milestone happened just before the blockchain’s 11th anniversary. BTC’s curious jump in hashrate has the cryptosphere wondering whether or not the price truly follows hashpower....
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US Army Soldiers Can’t Use TikTok on Government-Owned Devices

Messaging applications are commonly used in this day and age. The US Army is no longer allowed to make use of TikTok on government-owned devices. There are some serious concerns regarding TikTok and the data it collects. TikTok is a no-go for the US Army Chinese social media applications do not have the best reputation. ...
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China Takes Another Step Away From USD Hegemony

The China Foreign Exchange Trade System (CFETS) announced that effective January 1, 2020, the system “will adjust weights for CFETS RMB Index,” decreasing the weighting of the USD for the second time in the currency basket’s history from 22.40% to 21.59%, and increasing the Euro from 16.34% to 17.40%. The change could signal further disassociation...
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A Blockchain ETF Might be Approved Well Fefore a Bitcoin ETF Does

While a bitcoin ETF may never see the light of day, China is exploring a completely different model. The application for the first-ever blockchain ETF has been accepted by the CSRC last week.  It is a well-known fact that China is going all-in on blockchain over the next few years.  A Blockchain ETF is in...
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The Biggest FUD and FOMO Moments in Crypto 2019

The crypto industry, Bitcoin, blockchain, and any of its varieties is driven primarily by hype and speculation as the emerging technologies underlying each asset are often too new or unproven to yet provide a realistic valuation.Due to this, the constant ebb and flow of FUD and FOMO often dictate market movements and turn major losers...
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Regulatory Roundup: China Blockchain ETF, France New Crypto Rules, Tokens Like Money in Russia

In this roundup, we cover Russia’s supreme court recognizing tokens as assets like money and property, France’s new crypto regulatory framework, and several industry developments in China, including a blockchain ETF filing. We also cover Japan’s world conference for decentralized financial governance, Uzbekistan’s crypto ban, and four countries’ central bank digital currency updates. Also read:...
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China’s Digital Yuan is a Trojan Horse With Plenty of Potential Repercussions

The global focus continues to shift toward China’s digital currency plans. Despite a genuine lack of information, it certainly poses many different threats.  Rumors regarding a digital yuan have persisted for years now. China’s Digital Yuan is More Than Just a CBDC Only a few months ago, it became apparent this was more truth than...
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China Forces Bitcoin Miners to Scale Down Amid Electricity Shortfall

With the dry season approaching, Bitcoin miners in China’s Sichuan province may be forced to reduce their electricity consumption. Prioritizing Communal Electricity Needs Over Crypto Miners According to Asia Times, authorities in Sichuan Province, China, are reportedly leaning on Bitcoin miners to cut down electricity consumption. This news comes amid the dry season in Southwest...
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China Blockchain Exchange-Traded Fund (ETF) Is Coming Soon

The Securities Regulatory Commission (CSRC) in China has recently received an application for listing an exchange-traded fund (ETF) which will track the blockchain-related stocks as its underlying assets. Dubbed Penghua Shenzhen Stocks Blockchain ETF, the China blockchain exchange-traded fund was accepted by the CSRC on December 24 according to the regulator’s disclosure. This proposed ETF...
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Authorities in Sichuan Go After Miners to Save Electricity in the Dry Season

Regional authorities in the province of Sichuan are reportedly pressuring bitcoin miners to scale down operations amid electricity shortages during the dry season in Southwest China. A meeting has been scheduled with regulators, the state run grid operator and mining companies. Two hydropower stations have been fined already for powering bitcoin farms without authorization. Also...
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China Tries to ban Bitcoin Trading Once Again

Companies in China have been wary of cryptocurrencies. That situation won’t necessarily change following some new guidelines coming out of Beijing.  It has been a while since some “China bans bitcoin” FUD made headlines. More Bitcoin Trading FUD From China For reasons unknown, such news tends to come around at least once a year. This...
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Looking at Crypto’s 2020 Outlook Through the Politico-Economic Lens

The impact of 2020’s economic and political events could have a lasting effect on the future of crypto assets, although it is unclear what the final result may be. Most people are likely aware of the massive potential impact that cryptocurrencies and blockchain technology can have on countless industries. Their ability to revolutionize the world...
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Chinese Marketing Mogul Appoints Pro-Blockchain Executive

A leading Chinese marketing and management behemoth, ChinaNet, has announced that vibrant and pro-blockchain Mr. Yingguo Guo is now the new Chief Technology Official (CTO) of the company, according to a press release today. ChinaNet Hires Pro-Blockchain Executive ChinaNet is a NASDAQ-listed company (Nasdaq-CNET). According to the company’s website, ChinaNet is “integrated online advertising, precision...
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4 Beijing Regulators Issue New Crypto Activity Warning

Four financial regulators in China have jointly issued a fresh warning regarding crypto trading activities in Beijing. The notice explains the reason for the warning and lists prohibited crypto activities, which have reportedly been surging as companies ramp up their blockchain promotion. Also read: Regulatory Roundup – New US Crypto Bill, France’s 1st Approved ICO,...
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Shenzhen Stock Exchange Launches Index of Top 50 Blockchain Public Companies

The Shenzhen Stock Exchange has launched a blockchain index comprising 50 of the largest publicly listed companies with blockchain ventures by market capitalization. Blockchain-related stocks in China have been gaining value since President Xi Jinping openly advocated for the technology. Also read: Regulatory Roundup – New US Crypto Bill, France’s 1st Approved ICO, Muslim Crypto...
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China may Decide to Regulate Bitcoin After all

Cryptocurrency regulation remains a controversial topic in different regions. Many hope to see some sort of solution emerge out of China, and it may be closer than one may think. Bitcoin and other digital assets have proven very difficult to regulate in many different ways.  China and Bitcoin Regulation Primarily Chinese officials seem to struggle...
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Chinese Police Seize Thousands of Miners, Arrest Dozens of Scammers

In the last couple of days, Chinese media have reported on police forces in one province of the vast Asian country seizing close to 7,000 mining rigs using stolen electricity and in another province arresting 72 multi-level marketing scheme operators for alleged fraud. Also Read: Chinese Regulators Question 8 Crypto Companies in Shenzhen Police Seize...
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Chinese Gov’t: Forex Reforms Will “Deal With Cryptocurrency”

The Chinese gov’t is in the crypto news today for hinting that the treatment of cryptocurrencies such as Bitcoin (BTC) may change again as it looks to reform its forex markets. Reuters reported on December 24, citing a senior government and showing that a new research initiative will accompany the expansion of Beijing’s blockchain cross-border...
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China Might Adjust FX Regulation for Cryptos

China is about to broaden the scope of its blockchain pilot in cross-border financing, Reuters reported Tuesday, citing a government official. Besides, China might reform the foreign exchange regulation to deal with cryptocurrency. Gov’t to Adjust Forex Regulation for Cryptos Lu Lei, deputy head of China’s State Administration of Foreign Exchange (SAFE), said at a...
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Could Bitcoin Halving Lead to a Mining Collapse?

Many are pinning their hopes on next year’s bitcoin halving as the catalyst for another bull rally. There may be wider issues at large though, especially with regards to bitcoin mining. Bitcoin Halving 141 Days Away The countdown continues to bitcoin’s halving which has now been estimated on May 14, 2020. The widely anticipated event...
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Regulatory Roundup: New US Crypto Bill, France’s 1st Approved ICO, Muslim Crypto

In this roundup, we cover a wide range of regulatory developments in the crypto space. Much has transpired in the U.S., including a new crypto bill, SEC’s proposal, lawmakers seeking answers from the IRS, and the state of Michigan signing several crypto bills into law. We also cover France’s first-approved initial coin offering, a proposal...
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How China’s National Cryptocurrency Will Improve the Nation’s Economy

According to recent information, China’s e-yuan will roll out in early 2020, and it will be very cautious, initially only focusing on consumer spending. Recent reports regarding China’s upcoming cryptocurrency claim that Beijing is preparing to launch the so-called ‘e-yuan’ in early 2020. This will be the world’s first digital sovereign currency. However, the reports...
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China’s Crypto Chief Reveals Details About Digital Yuan as Launch Nears

For years now, it has been known that China has been working on a digital currency project. The thing is, the Chinese government has largely kept its lips sealed on the matter, divulging few details about the planned national digital asset. Though, as the project’s launch has neared after years of development, Chinese officials have...
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PBOC Official: China’s Digital Yuan Won’t Be a Speculative Currency Like Bitcoin

According to recent statements by People’s Bank of China (PBOC) official Mu Changchun, the country’s digital yuan is ready for trials. The central bank digital currency (CBDC) will decidedly not be a speculative asset like bitcoin or stablecoins, and will not need a currency basket for backing, Changchun affirmed. Reactions to the announcement are varied,...
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Is APT20 a new Chinese State-sponsored Hacker Collective?

China is known to sponsor several hacking collectives. APT20 a very active community of criminals, wasn’t officially linked to any country, until now. New research by Fox-IT seems to indicate APT20 is working on behalf of the Chinese government. APT20 may be a Government Initiative More specifically, the security agency looked at victims across different...
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