xi jinping

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 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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World’s Largest Army Could Be Rewarded in Crypto Soon

A few weeks after Chinese President Xi Jinping praised blockchain, a local military newspaper hinted that Chinese soldiers could be rewarded in crypto for their loyalty and good performance. Chinese Soldiers Might Get Rewards in Crypto The South China Morning Post cited PLA Daily, the official newspaper of the People’s Liberation Army, as saying that...
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Huawei Now Partners with China’s Digital Currency Research Unit

Huawei has entered strategic cooperation with the People’s Bank of China (PBoC) which is the central bank of the country. In a recent development, Huawei, the Chinese-owned telecommunications giant, has worked out an agreement with the People’s Bank of China’s Digital Currency Research Unit. This was made known on Nov. 4 via an announcement on...
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Zuckerberg was Right. China ‘Fast-Tracks’ Cryptocurrency With Huawei, Tencent

The People’s Bank of China signed a partnership with Huawei, reportedly to develop blockchain technology for China’s sovereign digital currency. It comes just a week after Xi Jinping pledged that China would “take the leading position” in blockchain. Zuckerberg’s ominous warning – that China could erode America’s “financial leadership” – is slowly materializing. Last month...
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ARPA’s Binance Community Voting Round & Growing Momentum Following President Xi’s Comments

ARPA’s CCV is scheduled to begin on 5 November and is to incorporate Binance’s new rules for the Community Coin Voting. ARPA – the layer two privacy-preserving computation protocol – is set to square off against Carry Protocol, a data purchase platform on Ethereum, in Binance’s second round of the Community Coin Vote (CCV). Voting...
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23 Central Banks Divulge Their Digital Currency Requirements

Twenty-three leading central banks participated in an in-depth survey on their digital currency developments and requirements, including fungibility, convertibility, and availability. They also discussed the timeframe for issuing consumer-ready central bank digital currencies and divulged their greatest concerns about implementing them. Also read: China Ranks 35 Crypto Projects as President Xi Pushes Blockchain The First...
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China Launches 5G Network Offerings ahead of 2020 Proposed Date

While China strives to create a more tech-friendly environment, it seems that Russia, vice versa, is making some steps back. Officially, China has now joined the list of countries that have fully launched 5G services to consumers. On Friday, Chinese mobile operators made 5G available in many parts, as the country continues several efforts to...
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Binance Set to Open Beijing Branch as China Goes Pro-Blockchain

Reports currently have it that the Binance exchange is making plans to open a new office in Beijing but the information is not officially confirmed yet. Probably the largest digital currency exchange platform in the world Binance is reportedly going to set up post in China, with an office in the capital city of Beijing....
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Xi’s Throwaway Blockchain Quote is Sparking China’s Crypto Frenzy Again

Blockchain business begins to boom in China. Bitcoin runs off the back of blockchain adoption, creating a vast grey area in the country. Provinces all over China start to heed President Xi’s call to action. Thanks to a reinvigorated stance on blockchain from China’s Premier, Xi Jinping, China may be on the brink of an...
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China Bans All Forms of Criticism of Bitcoin and Blockchain Technology

The Chinese have decided to censor anti-Bitcoin and anti-blockchain forms of expression in an effort to support the blockchain community and the cryptospace. In what has been seen by many as a long-expected move, the Chinese have now banned any form of communications that may tend to criticize, oppose or cast aspersions on Bitcoin and...
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Chinese Media Urges People To Calm Down After Xi’s Blockchain Comments

As one of the largest software companies in the world, Oracle is always making waves in the cryptocurrency news. Even though it is not listed all of the time, when it does – its plans are always viral. The recent blockchain news come from the Oracle startup division which referred back to its June plans...
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Libra: Should Zuckerberg Thank Xi for Creating FOMO?

Last week, Chinese President Xi Jinping praised blockchain while the congress passed a new cryptography law in a bid to develop a state-backed digital currency. Crypto enthusiasts expect that China’s revival will convert into a big hope for Libra amid general FOMO. Primitive Ventures Co-Founder, Dovey Wan, claims that the comments made by Chinese president...
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Samsung Integrates Tron Support to Its Blockchain Keystore

Tron became the fourth coin available on the Blockchain Keystore, following Ethereum (ETH), Bitcoin (BTC) and Klaytn (KLAY). South Korean technology giant Samsung announced it decided to integrate Tron (TRX) support to its decentralized app (DApp) store, Blockchain Keystore. According to a release note published on Tuesday, Samsung Blockchain Keystore SDK v1.2.0 will now engage...
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Is China’s Blockchain Future A Brave New World Or Orwellian Dystopia?

Last week, China’s President Xi Jinping nailed his colors firmly to the blockchain post, urging accelerated adoption of the technology. The announcement excited investors in Bitcoin and tech stocks, but the first ‘official’ output is slightly more ominous. China’s Communist Party (CCP) has released a decentralized app (dApp) for members to pledge their allegiance to the...
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China Ranks 35 Crypto Projects as President Xi Pushes Blockchain

China has been on a roll with a series of crypto-related announcements. President Xi Jinping’s speech to accelerate the development of blockchain technology in China was followed by the passing of a cryptography bill. Meanwhile, China’s Center for Information and Industry Development has continued to evaluate and rank crypto projects, and the central bank is...
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China’s Blockchain, Tech Stocks Surge on Xi’s Comments

Chinese President Xi Jinping’s pro-blockchain comments were credited as the main reason behind the crypto market rally that has defied all expectations since last Friday. However, Xi’s remarks also benefited local tech firms. Shenzhen Tech Index Up to Highest Level in 8 Months On Monday, most of the tech companies traded in China, especially those...
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Xi’s Blockchain Endorsement Starts Buying Frenzy For Chinese Cryptos

Xi’s Blockchain endorsement started a massive buying frenzy in the country especially for Chinese cryptocurrencies following the latest announcements made on Tuesday aiming to make the country the leader in the emerging field of blockchain as we read in the previous blockchain news. Just a few days after the announcement that was warmly welcomed in...
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Chinese Tech Stocks “Maxed Out” after Xi Jinping Touts Blockchain

As Chinese President Xi Jinping highlighted the potential of blockchain, it positively influenced the stocks of Chinese tech companies. Stocks in Chinese blockchain A-share companies “maxed out” to their 10% daily limit after a president Xi Jinping focused the attention of the public to the potential of the technology encouraging digital currencies, increasing the rise...
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Tron and EOS Are Now among China’s Favourites in Latest Crypto Rankings

China’s state-backed tech workgroup has released its fourteenth crypto rankings report, with Bitcoin ranked 11th, Tron – 2nd, and EOS (EOS) retaining the top spot It seems that Tron (TRX) and EOS became China’s favorite children, at least if it’s to believe newly published CCID Crypto Ranking. The Chinese Ministry of Industry was always perplexing...
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Central Bank of China Official Asks Commercial Banks to Adopt Blockchain Technology

An official at the central bank of China believes that blockchain will help to ensure continuous growth in the tech sector. Calls for the increased and improved use of blockchain technology are gradually making the rounds because while there are still a lot of places where the technology has been adopted quite considerably, there are...
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This Crypto Related Stock Surged 67% after Xi Jinping’s Blockchain Push

Hong Kong investors increased their exposure in a blockchain firm after China’s premier Xi Jinping endorsed the technology in his Friday speech.The stock value of Pantronics Holdings Limited (1611:HK), a Hong Kong-based electronic product manufacturing firm, climbed by up to 67.10 percent on Monday. The company did not display any concrete fundamentals that could push...
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Pinduoduo Surpasses JD.com in Valuation as Chinese Business Is on the Global Front Burner

Chinese retailer Pinduoduo has just surpassed JD.com to become the 4th largest internet company in China. While this may come as a surprise to many but the less known and less trendy Pinduoduo has overtaken the upscale internet retailer JD.com both in share price and valuation. The share price rose on NASDAQ more than 12%...
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Xi Blockchain Endorsement Triggered Buying Frenzy in Chinese Cryptocurrencies

Chinese President Xi Jinping announced support for blockchain last Thursday. The news was welcomed by the crypto community as Chinese altcoins such as NEO, TRON and Qtum skyrocketed over the weekend. Analysts believe that there’s more to the hype and speculation that powered the move of Chinese coins in their USD and BTC pairs. Chinese...
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Bitcoin Pops after Xi Jinping’s Blockchain Endorsement

China’s President Xi Jinping’s endorsement of the blockchain technology sent bitcoin up by more than 40 percent.The benchmark cryptocurrency established a new session high of $10,540.49 after rising by $3,109 over the weekend. The surplus gains came after a depressive performance last week, wherein bitcoin price shed as much as 17.33 percent, or $1,529.96. However,...
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Bitcoin Price Set to Hit $16,000 by the End Of October

A prediction from January suggests that Bitcoin is set to surge by more than $6,000 in the next three days. Bitcoin isn’t just the first major decentralized cryptocurrency but also the most popular with the largest market cap and price. Bitcoin also has the largest market dominance and is currently at 68%. Most importantly, however,...
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China Reveals over 500 Projects as It Goes Supernova in Blockchain Technology

China apparently has a couple of blockchain projects which once fully implemented will leave the rest of the world in the dust. Following Chinese President Xi Jinping’s call for his Country to “Seize the opportunity” offered by blockchain technology and the crypto space, it has been revealed by sources that the Chinese have been quietly...
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Why the Chinese President’s Pro-Blockchain Comments are Important

On Friday, China’s leader, President Xi Jinping, absolutely floored the cryptocurrency and blockchain industry. Speaking at a meeting of the Political Bureau of the Chinese Communist Party’s Central Committee, Xi called for the adoption of blockchain “as an important breakthrough for independent innovation of core technologies.” State-run outlet Xinhua revealed that Xi lauded the potential...
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Chinese President: Blockchain Will Become “Core” Tech in China

Seize the day? More like seize the chain, according to Chinese President Xi Jinping. In remarks made during a “collective study” on blockchain to the political bureau of the Chinese Communist Party’s Central Committee on October 24th, the leader of Asia’s biggest superpower called on his colleagues to focus on speeding up innovation around blockchain,...
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Chinese Congress Passes Cryptography Law to Take Effect from January 2020

The Chinese government seems to be really interested in blockchian and crypto. A new cryptography law is to become operative soon. The recently concluded Chinese Congress has in effect passed the long-expected cryptography law which is expected to become operative by January 2020. Local sources indicate that the standing committee of the 13th National Peoples’...
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