China

Wu Jihan Returns As Bitmain CEO After Co-Founder Gets Removed

Wu Jihan, the co-founder of Bitmain and tech billionaire, returned as Bitmain’s CEO at a recent client meeting. He made a public appearance during a private event last week in Chengdu, China so we are reading further in the crypto news what else has been changed. According to the reports, Wu Jihan appeared during the...
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U.S. Crude Oil Prices Fell Amid U.S. China Trade War

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...
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One of China’s Largest Banks Uses Blockchain for Bond Issuances

This October, President Xi Jinping of China revealed in a statement to some of the nation’s top officials that he would be pushing for the formal adoption of blockchain technologies. Xi’s statement implied that he has high ambitions for this blockchain push, with the world leader mentioning finance and healthcare to supply chains as industries...
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China Releases Year-End Crypto Rankings

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...
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Will PBoC Tests of Digital Yuan Yield Results Before Libra?

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...
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PBoC Issues Financial Bonds Over its Private Blockchain

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,...
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Sunday Digest: Bitcoin, Banks And Bananas

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...
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Blockchain-Based Bonds Worth $2.8 Billion Issued In China

DXM the crypto branch of the Dunamu the Korean market operator will offer safekeeping services in partnership with Ledger, known French hardware firm as we are reading in the coming blockchain latest news today.Ledger who is the producer of the most popular hardware wallets of the Nano series will offer safekeeping with institutional-grade quality, reports...
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BIS Fears Central Banks May Lose Relevance to Private Cryptos

For Agustin Carstens, head of the Bank of International Settlements (BIS), central banks cannot concede their roles as gatekeepers of the global financial system to private cryptos. Meanwhile, authorities in the U.S. say no plans exist to create a digital U.S. dollar (USD) despite reports of some major nations looking to float their own sovereign...
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Waltonchain CEO Steps Down, Makes Way For New Leader

Waltonchain, the blockchain-based supply chain tracking platform, is reshuffling its leadership. The position of CEO will now be taken by Do Sang Hyuk, who will bring in experience as a business leader in South Korea. Mo Bing, Former CEO, Will Remain in Consultant Role According to an official announcement, Mo Bing, the former CEO of...
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Will Europe Beat China in the Central Bank Crypto Race?

The European Central Bank has been urged to move quickly w.r.t it’s crypto euro launch if it is to gain the edge over other regions (read China).  Crypto Euro Plans Pursued According to a Reuters report Bank of France, Governor Francois Villeroy de Galhau spoke at a finance conference in Paris this week urging the...
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To Thrive, Crypto Exchanges Huobi and OKEx Aim for Chinese Govt. Embrace

Many cryptocurrency exchanges left China after the fall of 2017, when the Chinese government launched a market-moving crackdown on domestic crypto trading platforms. Since then, many such companies moved abroad, but some exchanges stayed — or at least used various workarounds to stay open to Chinese users. In some cases, those firms that left opened...
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China’s Renewed Crackdown Forces 5 Crypto Exchanges Out of Business

The Chinese government is tightening up its crypto crackdown efforts even as Beijing continues to advocate for increased blockchain technology adoption. This fresh assault on cryptocurrency trading avenues has seen more platforms, including over-the-counter (OTC) desks forced to shutter their services. Beijing’s renewed anti-crypto offensive also coincided with a period of significant price decline in...
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Bitcoin Price to Continue Upward Trajectory Over the Next 5 Years

Despite the recent price struggles for bitcoin, Spencer Bogart says the top-ranked crypto will continue to see an upward growth trajectory in the next five years. The Blockchain Capital partner also doesn’t see Chinese policies as having a significantly negative impact on BTC’s performance. Bitcoin Price Will Perform Better in the Next Five Years In...
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Is a Blockchain Based Future in China Really a Good Thing?

Crypto markets are still cooling off from a massive bout of FOMO that originated from China last month. The state’s new endorsement of blockchain technology sent a shock wave of excitement throughout the space, as the nation prepares to launch its own sovereign digital currency. But is this move really a good thing for the...
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VeChain (VET) Jumps a Whooping 26%, Thanks to an Iconic Retro Game Remake

VeChain is up 26% today. Microsoft and VeChain Thor collaborate on a retro game project. It’s been a good few months for VET. While the rest of the market continues to torment investors, one cryptocurrency is covering some significant ground. VeChain (VET) is up 26% today and showing no signs of slowing down, but what’s...
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Is Japan Following China with Central Bank Crypto Plans?

China is relentlessly pressing ahead with its blockchain drive and central bank crypto but it is not the only nation in the region riding the digital asset train. Japan’s central bank is also actively researching the legalities of a state-controlled cryptocurrency. Japan Researching Crypto Yen A recent paper from the Bank of Japan has delved...
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China Enforces Facial Recognition Scans When Registering a new Mobile Plan

Any new development involving technology out of China will be scrutinized. The government’s desire to introduce face scans for mobile users will only stir the pot even further.  Mobile devices, such as smartphones and tablets, have become the new medium for  a lot of people in 2019. China Takes Facial Recognition too far That convenience...
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Binance CEO Clarifies Situation on Crypto in China

In a recent interview, the enigmatic chief executive of crypto exchange Binance expressed his views on the current situation in China. There has been a lot of unwarranted FUD emerging in the mainstream media regarding another crypto crackdown but is it all warranted? China and Crypto: Nothing New The forty-minute interview conducted on YouTube with...
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Bitcoin, Crypto Markets Bounce Back as China Crackdown FUD Wanes

The correlation between any further oppression of the bitcoin and crypto industry in China and market movements appears to be crumbling. Mainstream media is still firmly behind the premise that the latest rout was a direct response to further crackdowns on the mainland, but BTC and digital assets are making gains today to suggest otherwise....
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Alibaba And OneConnect Leaders In Blockchain Patents

Filing IPO prospectuses at the same moment, both Alibaba and OneConnect have become the highest patent holders in China according to China’s recent Blockchain Patents list as we are reading today in the blockchain news. Having many corporations that are fighting for the leading position in the development of blockchain technology which is raging across...
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Major Chinese Economist Talks Style of the Coming Digital Yuan

China’s growing digital currency efforts have caught the world’s attention because of the many ripple effects that will follow in the project’s wake. Now, one of the most influential economic figures the nation’s ever had has made their first comments on the topic, having publicly waxed on the style of how the digital yuan will...
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Will China’s Crypto Yuan be Used for Retail Payments or Mass Surveillance?

China’s blockchain drive has been about one thing: getting its people used to a state-backed crypto asset. The People’s Republic is determined to get its crypto yuan out as soon as possible and bankers have stressed that it will be for retail use. Knowing China, there could be other motives. Crypto Yuan Nears The former...
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Bitcoin Price May Be Ready To Rally According To Social Media Metric

Bitcoin price has been steadily falling for weeks now, ever since the crypto asset experienced its third-largest one-day surge in its short history on the heels of news that China would be supporting the blockchain technology that the crypto asset is built on.The post appeared first on NewsBTC
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Crypto Markets Surging on Back of Rising US Tech Stocks?

A recent rally of technology companies’ shares led to an overall increase in US stock prices, which are hitting new records. Could this bullish activity be the cause of today’s crypto recovery?  US and China willing to continue with the talks The US/China trade war still rages on, but recent events have had some positive...
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Bitcoin Whale Moves 47,000 BTC ($338 Million) as China Cracks Down on Crypto

China’s recent crackdown on cryptocurrencies may have caused Bitcoin whales to move huge quantities of BTC.  China’s recent praises of blockchain technology do not seem to extend to Bitcoin and cryptocurrencies, as the country’s central bank launched another crackdown on crypto. The People’s Bank of China warned that ‘illegal actions’ involving digital assets would not...
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What Caused Crypto Markets to Hit 6-Month Lows?

Total bitcoin and crypto market capitalization has plunged below $200 billion a few hours ago. It is the first time these low levels have been seen for over six months. Signals of a return to crypto winter are strong.  Crypto Markets Dump Below $200 Billion According to coinmarketcap.com total crypto market cap plunged to a...
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South Korea Follows China, Invests 45 Billion WON in Blockchain

With China jumping into blockchain development and adoption, it has opened a new pavement for many countries. Earlier we have reported that South Korea has plans to adopt blockchain just like China. Now, the latest report is the S.Korean government will invest 45 billion (arnd $45million) won for blockchain research and development in 2021, similar...
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Shanghai PBOC Crackdown on Cryptocurrencies Causes Market Crash

The Shanghai division of the People’s Bank of China issued a statement regarding the use of virtual currencies in the region. Reiterating that China’s favorable openings are to blockchain and not Bitcoin, markets slid by up to 11 percent in response to the news. With President Xi Jinping’s Oct. 26 statements in favor of blockchain triggering...
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China Vows ‘Immediate Disposal’ of Crypto Exchanges As Bitcoin Plummets

China continues its crackdown on crypto exchanges. Binance and Bithumb raid rumors cause widespread FUD. Will China’s U-turn on crypto impact the market? The Peoples Bank of China (PBOC) has reiterated its position on crypto trading, vowing the immediate disposal of cryptocurrency exchanges. For weeks China’s strict attitude towards cryptocurrencies has seemingly morphed into something...
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