Places Asia

Contents Protocol, a Korean crypto startup focused on content exchange, announced that it will shut down due to a lack of business prospects and regulatory uncertainties. In a rare bout of professionalism and solidarity, the company will be refunding their investors, distributing just under 27,000 ETH on a pro-rata basis. Korean content exchange protocol shutting […]

It’s no secret that the majority of Bitcoin’s miners are located in China, with the geographical centralization of this mining power being a go-to critique for the cryptocurrency’s critics. This sentiment was recently echoed by Ripple CEO Brad Garlinghouse, who explained in a recent interview with CNN’s Julia Chatterley that the heavy concentration of miners […]

The news about the Coronavirus could have been broadcast much faster and the outbreak handled much more effectively if the doctors working on the cases had access to censorship-resistant messaging platforms. According to cryptographer David Chaum, the founder of xx network, could help overcome societal barriers such as censorship, which are prevalent in countries such […]

A Chinese multi-billion dollar scam known as PlusToken is moving their holdings of Bitcoin once again. In 2019, when the price of BTC dropped to the $6,000s, analysts attributed the fall to the dumping of funds by the fraud. Was the PlusToken scam the biggest driver of the Bitcoin correction in 2019? Throughout 2019, venture […]

A series of adverts for Chinese crypto startup Zeux are being removed from the London Underground. Although, not soon enough, according to the UK’s financial regulatory body, the FCA. ‘Misleading’ 5% interest accounts ads running for over 2 weeks Millions of London commuters (who aren’t eyes down fixated on their smartphones) have been exposed to […]

The Bitcoin price has climbed by 15 percent in the past two weeks from $8,565 to $9,800. While many attribute the upsurge to the coronavirus outbreak, that argument is far-fetched. Bitcoin was on an upward trend regardless Throughout the past 12 months, the Bitcoin price has not demonstrated a clear inverse correlation with the equities […]

The rapid spread of the widely feared Coronavirus has sent shockwaves across the global markets and has even led some crypto analysts to note that investors flocking to safe-haven assets as a result of the virus’s spread has bolstered Bitcoin. One other side effect of the Coronavirus’s spread has been the cancellations or delays of […]

Following President Xi Jinping’s decision to embrace blockchain technology, different federal agencies within China stepped forward to abide by the new order. Now, several industry experts held a seminar to create an elaborate digital system of governance. A new social credit system using blockchain technology On Jan. 14, a seminar was held in Beijing dubbed […]

In a recent interview where he gave an update about the current state of Vechain, Sunny Lu said that China made the right decision when it banned cryptocurrency trading That way, he said, the country eliminated all of the “bad guys” in the space and is now able to facilitate the development of blockchain technologies […]

Eight months after launch, Terra, a stablecoin protocol backed by four of the world’s largest crypto exchanges, has surpassed one million user accounts and hit an annual run rate of $2.4 billion, the company reported in a press release seen by CryptoSlate. In 2018 Seoul-based Terra raised $32 million from myriad VC heavyweights, including the […]

It has been over two years since the People’s Bank of China (PBoC) effectively banned crypto exchanges and trading. Yet, China remains a key topic in the crypto space in 2020. Three important aspects of China’s crypto sphere investors have to consider are: the prosperous local bitcoin mining industry, rapidly growing blockchain development, and the […]

Just after regional authorities reportedly urged Bitcoin miners to reduce electricity consumption in Sichuan — a province that could account for up to 50 percent of global hash power — BTC’s hash rate rocketed to a new all-time high. Asia Times reported December 29th that Sichuan state authorities held a meeting with local power operators […]

New York-based investment firm Fortress Investment Group has issued a new letter to creditors of the long-collapsed exchange Mt. Gox, proposing to purchase Bitcoin claims at a lower price than previously offered. In July, Fortress offered to purchase claims at $900 per BTC, double the bankruptcy value of Bitcoin at the time of the Mt. […]

Over the last two months, MINDOL (MIN), an Ethereum-based token aiming to promote the Japanese “geek culture,” skyrocketed over 28x. The sudden rise in has the crypto community wondering whether this crypto is a legit project or another “pump-and-dump” scheme. What is MINDOL? MINDOL claims to be the new currency for the world of “subculture […]

VeChain is seizing the opportunities presented in China after President Xi Jinping vowed to put the nation at the forefront of blockchain technology. The firm recently scored a partnership to accelerate the development of the tea industry in one of the most populous provinces in the country. Meanwhile, VET is trending downward. Leveraging the VeChain […]

Blockchain analysis firm Chainalysis has issued a new report suggesting that PlusToken, the multi-billion-dollar Ponzi scheme widely suspected to have been driving down the price of Bitcoin with mass liquidations, could have misappropriated less crypto than previously alleged. The report claims several individuals associated with the now-collapsed crypto wallet scam have liquidated about 25,000 BTC […]

The founder and CEO of Tron, Justin Sun, saw his account on social media platform Weibo shut down. While the Chinese version of Twitter offered no explanation as to why his account and the account of Binance co-founder Yi He were removed, Sun assured the crypto community that he had a “direct channel” to Weibo […]

Craig Wright kicked off the Bitcoin SV road trip at Tsinghua University in China, where he signed a printout of the Bitcoin whitepaper. Wright’s panels in China were met with a wave of backlash, with many criticizing the Tsinghua Blockchain Association for providing a platform for such a controversial figure. Spreading the Bitcoin SV gospel […]