Beijing’s sudden rush into blockchain development and digital currency hasn’t gone unnoticed. From America to Europe and back to Asia, governments have started thinking about this new racetrack in more serious terms. India has a history of tensions with China, although the countries have a lot in common as well. The two regional rivals share...Read More
In this regulatory roundup, we cover a positive crypto story in India, China’s year-end rankings, and the European Central Bank entering the stablecoin race. We also cover the New York regulator’s proposed Bitlicense revision — the first in five years — and several other notable regulatory developments in the crypto space. Also read: Regulatory Roundup...Read More
China is the clear blockchain tech leader at the moment and the US is in danger of missing out entirely if it doesn’t even get off the starting line. China Leading the Way There have been no mistaking China’s intentions when it comes to blockchain technology. President Xi Jinping’s public endorsement of digital ledgers sent...Read More
The South Korean central bank is the latest in the list of national banks to reveal its intentions towards central bank crypto (CBDC). South Korea Joins Crypto Research Race According to local media, the Bank of Korea has begun hiring crypto-asset experts signaling that the central bank may begin developing its own CBDC. It added...Read More
As the end of 2019 approaches, Coinshares Research has published its bi-annual mining report that contains informative research and observations about the bitcoin mining industry. Since Coinshare’s last report published in June, BTC’s hashrate grew by 50 exahash per second (EH/s) and the firm believes a decent portion of the power stems from China. Also...Read More
The popular Chinese social platform, Weibo, had reportedly closed Justin Sun’s account. Tron’s Founder and CEO is one of the most influential people within the cryptocurrency community, and the closure of his account could be regarded as a continuation in China’s negative views on cryptocurrencies. Weibo Closes Sun’s Account Weibo, the famous Chinese social network,...Read More
Chinese Bitcoin miners have extended their share of the global hash rate. Currently, they control two-thirds of Bitcoin’s processing power, Reuters reported yesterday, citing a research by CoinShares. Chinese Share of Bitcoin Hashrate Highest Since At Least 2017 Currently, Chinese miners control 66% of Bitcoin hashrate. The indicator refers to the Bitcoin-related computing power that...Read More
China has been confronted with multiple economic and financial problems this year amidst an ongoing trade war with the United States. Authorities in Beijing have been trying to overcome the challenges with administrative measures in what has become a market economy over the years. And it’s backfiring. Inflation of the yuan just rose to its...Read More
New research shows that China’s dominance of the total Bitcoin hash rate continues to grow. The nation reportedly now accounts for around 66 percent of all the computing power supporting the Bitcoin network at present.China has historically been the leader in global Bitcoin mining. However, with large mining operations coming online in the US and...Read More
BC: With over 2 million users in 170 countries, the BRD wallet is well-trusted for its open source, non-custodial and secure design, with many also complimenting the user-friendly interface. Is the key to onboarding in your opinion a combo of privacy and ease of use? AT: Nearly 3 million users now. The key to successful...Read More
Digital currency prices have slumped again as the entire crypto market capitalization has dropped below $200 billion. At press time, most of the top digital assets are down a few percentages after gathering some gains over the last few days. With multiple coins getting rejected after trying to surpass upper resistance, skeptics think crypto prices...Read More
The concern that the U.S.-China Trade War would drag until next year is affecting world stock prices. The U.S. crude oil prices fell on Wednesday as the inventory rose to a surprising level. Although The American Petroleum Institute (API) estimated the rise in inventory by 1.41 million barrels; but the actual crude inventory rose by...Read More
China’s Center for Information and Industry Development has published its year-end crypto project rankings. Thirty-five projects were evaluated and ranked overall as well as in three separate categories. Bitcoin has risen in ranking while EOS remains China’s favorite. Also read: China Ranks 35 Crypto Projects as President Xi Pushes Blockchain Year-End Crypto Rankings The Center...Read More
The People’s Bank of China has collaborated with four major state-owned commercial banks, the three major telecom operators, Huawei to test its digital Yuan. The PBOC will test this digital currency in two cities in the initial phase. The cities being Shenzhen and Suzhou. As per the report, PBOC is inviting partners to strategize the...Read More
China remains a very mysterious nation in many different ways. The country is keen on blockchain technology, and the People’s Bank of China is taking things one step further. Earlier this week, the PBoC began issuing financial bonds over the blockchain to small businesses. China’s Blockchain Venture Continues These bonds will serve as SMB loans,...Read More
An art lover who paid $120,000 for an installation of an over-ripe banana duct-taped to a wall, had his investment eaten by a performance artist. One hopes that if he has that much money to ‘waste’ on what is now just a banana skin with some tape stuck to it, he’s already filled his bags with...Read More
NEO has surged 100% over the past few weeks. The bullish sentiment behind this cryptocurrency rally seems to be related to China’s decision to embrace blockchain technology. One trader says NEO may have a bright forecast. NEO, one of China’s most prominent blockchain projects, has been on a roll since Chinese President Xi Jinping announced...Read More
Chinese State Media Praise Bitcoin as a “Successful Application of Blockchain” Blockchain fever overruns the people’s republic Bitcoin propaganda comes as China preps to launch digital currency in 2020 China has taken yet another step towards fully embracing Bitcoin, calling it “The First successful application of blockchain technology.” The entirety of the people’s republic has...Read More
China’s central bank, the People’s Bank of China (PBoC), has said that it will certify 11 different types of financial technology (Fintech) hardware and software that are regularly being used for online payment and blockchain-related services with its new verification system, the Certification of Fintech Products. The PBoC introduced the initial list of Fintech products...Read More
China is reportedly looking into the various use cases for blockchain tech and artificial intelligence (AI) in international financing, with a special focus on risk management procedures. The country intends to further liberalize its financial markets, a veteran foreign exchange regulatory official confirmed on October 26. The recent comments made by Lu Lei, deputy head...Read More
On October 26, the Standing Committee of the 13th National People’s Congress in China revealed that a new cryptography law will go into effect January 1, 2020, according to local news outlet Xinhuanet. The announcement comes only a day after Chinese president Xi Jinping called on the citizens of the $12 trillion economy, the second-largest...Read More
Considering the ongoing participation of government organizations in building private crypto assets, a recently published research paper details on the use of “private digital currencies” and its implications on the current society. Although Facebook’s Libra initiative witnessed a red flag from the U.S. government, numerous countries have begun experimenting with in-house options for evading the...Read More
Over the past few months, a trade war has been raging between the U.S. and China. Throughout this, Bitcoin (BTC) has managed to post stellar gains, rallying by some 100% since the latest leg of this dispute began.While many believe that this is nothing but a coincidence, data is starting to show that the trade...Read More
China’s government may have a dim view of decentralization, but cryptocurrency trading continues. Crypto Briefing recently caught up with Dillon Song, Global Operations Manager at BaseFEX, a Beijing-operated crypto derivatives exchange. Song, a marketing graduate from New York University, shared his views and insights regarding the digital asset trading market, and discussed the trajectory of...Read More
One of the Popular crypto influencer and libertarian U.S. Presidential John McAfee seems to have stuck into another conflict with Zombie coin, and they are now demanding $100 million in compensation. A Chinese venture that allegedly awarded John McAfee a sum of $4.5 million in order to successfully promote an Initial License Offering (ILO) linked...Read More
The Chinese government is working on its own digital currency. Very little is known about this project so far. In a recent press release, the country’s central bank offered some intriguing details. It seems this currency will be similar to Libra, although it has nothing to do with social media. A Mobile Currency While very...Read More
China’s state digital currency is coming. | Source: Shutterstock China’s incipient digital currency will apparently “bear similarities” to Facebook’s own proposed cryptocurrency and is intended to protect China’s ‘monetary sovereignty’, according to a superior within China’s central bank. Relaying the several key attributes of China’s new central bank digital currency (CBDC) Mu Changchun, deputy director...Read More
Bitmain, the world’s largest maker of bitcoin mining equipment, has been named the third hottest startup to work for in China. | Source: Shutterstock China has held the crown for being the home of some of the largest makers of bitcoin mining equipment for years now. According to LinkedIn, one of these bitcoin mining rigs...Read More
An illegal crypto mining operation involves hijacking multiple internet cafes, bribery and some 100 million yuan in crypto. | Source: Shutterstock Fifteen Chinese individuals have reportedly been arrested for their involvement in an illegal cryptocurrency mining operation that hijacked the bandwidth of scores of internet cafes to mine approximately 100 million yuan (nearly $14 million)...Read More
You can’t really discuss the topic of cryptocurrency mining without getting into issues surrounding the concept of centralization. One of the greatest aspirations of cryptocurrency communities is to decentralize the monetary system and create “trustless” transactions. While Bitcoin made a lot of headway towards a trustless currency, there are still concerns. The concentration of power...Read More
