Places Asia

It’s a step forward and a leap backward for China’s mining industry. Days after the Chinese government allowed the use of hydro-electricity for “blockchain projects” in a region known for its high concentration of Bitcoin miners, a directive passed last week mitigates any benefits of the former. No Crypto, Yes Blockchain Regulators in Sichuan have […]

In a world ravaged by the ongoing coronavirus pandemic, regulators around the are increasingly looking into cryptocurrencies and blockchain technology. Lapses in data reporting, halt of international trade, and non-verifiability of medical supplies are some factors contributing towards gravitation towards distributed networks. Increasing Importance Japanese officials are the latest to join the crypto-narrative. Senator Otokita […]

While many don’t know it now, there was a time when China was a hub for all things Bitcoin. Bitmain — once one of the most valuable crypto-only companies —was launched in China. Many of Bitcoin’s earliest “whale” investors were from China. And a majority of crypto mining was (and still is) based in China. […]

There is no denying the sentiment that the U.S. is the global hub of technology and financial innovation. American innovators are behind the world’s biggest companies, Amazon, Apple, Google, and more. Even with small-scale startups, talent is centralized in America. But it’s a whole different story for crypto and blockchain. Instead of the U.S. dominating […]

South Korea’s fascination with blockchain and cryptocurrency seemingly grows stronger each day. The country is among the few global powers to have embraced and made regulations for the controlled rise and introduction of digital currencies. Now, there might be greater plans in the mix, if a recent development, buoyed by Chinese progress in blockchain systems, […]

A new Chinese startup focused on Bitcoin mining broke into the top-ten hash power providers last week, a local industry observer tweeted on May 13. The surge Reportedly launched two weeks ago, Lubian.com is now ranked sixth among all miners as per data on BTC.com. The firm accounts for 5.99 percent of Bitcoin hash powers […]

China’s digital currency, the DCEP, is currently in the advanced testing phase, with leaked images showing that the China Construction Bank already runs the alpha version of its DCEP app. It is still unclear when the app will be officially launched. Alpha version of the first DCEP app in the works The crypto industry got […]

Bitcoin mining operations in China will receive a boost as a local government is encouraging these industry players to help consume the city’s excessive hydropower. Cheaper electricity for crypto miners Bitcoin miners are widely considered as the backbone of the entire Bitcoin network. These specialized computers are collectively responsible for solving complex mathematical equations. Subsequently, […]

China-based Ebang Holdings has filed a $100 million IPO prospectus with the U.S. Securities and Exchange Commission (SEC), becoming the third Bitcoin mining equipment maker after Bitmain and Canaan to attempt a public offering. Bitcoin miner to public firm Ebang states IPO returns will majorly serve towards product diversification, company expansion, and collateral for credit […]

China’s long-touted digital currency will soon start trials at three U.S. restaurant chains in Beijing, the SCMP reported on April 23, 2020. Alongside the franchise giants in the upcoming trials are local gyms, hotels, convenience stores, and a bookstore. China looks to digital currency as it seeks to go cash-less As per local filings in […]

At long last, the coronavirus outbreak is starting to slow. As a result, individuals in some parts of the world have been allowed to go back to work. One crypto company is benefiting from this trend. ICON heads back to work as coronavirus slows in South Korea According to Min Kim, the founder of the […]

Underneath the noses of the Western crypto world, PlusToken — a “wallet” promising to provide its users with high ‘investment’ returns on their deposits of Bitcoin, Ethereum, and other cryptocurrencies — managed to garner billions of dollars of digital assets throughout 2019. Then, like that, the money vanished, with the operators signing a message with […]

Over the past few days, there’s been a strong increase in discussion about China’s national crypto project. As reported by CryptoSlate, it began with a leaked screenshot that depicted an application branded with the logos of the Agricultural Bank of China (ABC) — one of the nation’s “Big Four” banks, which is coincidentally state-owned. The […]

If you’ve been in the Bitcoin market for any period of time, you likely know that China has long been a hub for crypto assets as a whole. Yes, the trading of BTC and other cryptocurrencies is vehemently banned and restricted, but the Beijing government has continued to maintain heavy involvement in the broader space, […]

Four months after the high-profile acquisition of Indian crypto exchange WazirX by Binance, BitMEX invested in a $3 million funding round for another local cryptocurrency exchange in India called CoinDCX. The world’s biggest crypto exchanges by daily volume have started to actively invest in India’s crypto market after the reversal of the Reserve Bank of […]

Bitmain, the world’s largest mining hardware manufacturer, has announced the launch of a new series of ASIC miners, the Antminer S19. However, Bitmain has been heavily criticized as it set the delivery date for the sold-out series for May 11, a day after the scheduled Bitcoin halvening. Bitmain’s new miner series sells out in a […]

Binance has partnered with cryptocurrency exchange WazirX to create a “Blockchain for India” fund worth $50 million. The fund plans on investing upwards of $100,000 in startups working on fiat-to-digital gateways, payment, and remittance solutions, DeFi, and trading platforms, the Economic Times reported. Binance boosting India’s blockchain ecosystem with $50M Binance, one of the world’s […]

The president of China has highlighted the value of blockchain technology, saying that it could be used to improve social governance. According to a report from the Xuexi Qiangguo app, Xi Jinping said that the fight against the coronavirus highlighted the need for an effective governance model, which blockchain could help create. A positive sign […]