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Places China

Up-to-date coverage on crypto trends, regulations, and innovations from China

China: Chainlink-adoptee national blockchain project goes live; 135 public nodes running

The Zhejiang district in China has laid the foundation for the Blockchain Service Network, (BSN) the country’s ambitious nationwide blockchain project, as per local reports this week. For starters; 135 public nodes are reportedly active in the province — affirming to China’s broader Five-Year-Plan that heavily features blockchain technology. Chainlink oracles form a major part […]

China: Chainlink-adoptee national blockchain project goes live; 135 public nodes running

Report: China’s national blockchain project could adopt Ethereum after Chainlink onboarding

China’s surging ahead with its blockchain aspirations even as the world grapples with the basic regulation around distributed systems and digital currencies. Moving into public blockchains A fund manager revealed Sunday the country will soon onboard Ethereum to its ambitious Blockchain Service Network (BSN) project, as part of a broader push to leverage blockchain technology […]

Report: China’s national blockchain project could adopt Ethereum after Chainlink onboarding

Ripple co-founder: America is “ceding control” to China by regulating only Bitcoin and Ethereum

Blockchain technology and digital currencies are increasingly revered as the next phase for technological advancements, alongside the usual suspects of A.I., machine learning, and drone tech. This week, Ripple co-founder Chris Larsen spoke on a CBInsights forum about the slow development of blockchain and cryptocurrencies in the U.S. Speaking to WSJ reporter Paul Vigna, Larsen […]

Ripple co-founder: America is “ceding control” to China by regulating only Bitcoin and Ethereum

China: Banks and Alipay won’t shut Bitcoin accounts, 70 percent of firms see blockchain as an economic boost

Reports on China shutting down bank accounts for individual Bitcoin traders and OTC firms are unfounded and untrue, a local investigation found this week. Dispelling FUD China Times said Wednesday the country’s national and central banks were not closing any Bitcoin or cryptocurrency linked accounts, despite widespread media reports of the contrary.  Private firms like […]

China: Banks and Alipay won’t shut Bitcoin accounts, 70 percent of firms see blockchain as an economic boost

While the world struggles with crypto; China’s toughest university exams are quizzing students on Bitcoin

China’s moving at “Lambo” speed when it comes to digital currencies, blockchain, and Bitcoin. The Far Eastern superpower is secretly pouring millions of Yuan into developing blockchain parks, education, distributed framework, and its upcoming Digital Yuan. But such advances require skilled manpower, and China’s not failing to deliver. A local report earlier this week noted […]

While the world struggles with crypto; China’s toughest university exams are quizzing students on Bitcoin

Former People’s Bank of China deputy governor calls Bitcoin a “commercial success”

Despite China’s reluctance to regulate cryptocurrencies in the country, many anecdotes suggest higher officials both understand and acknowledge the potential of a digital currency-based economy. The latest Chinese official to speak about Bitcoin is Wu Xiaoling, former deputy governor of the nation’s central bank, the People’s Bank of China. Blockchain’s most successful application As reported […]

Former People’s Bank of China deputy governor calls Bitcoin a “commercial success”

Bitmain launches new Antminer T19, but is it better than the S17 debacle?

Bitmain’s launched its new T19 mining rig yesterday, featuring improved software and efficiency. The move comes follows last month’s incident when miners alleged Bitmain delivered defective rigs and malfunctioning hardware, causing losses for mining operations and a negative experience. Optimized Bitcoin mining As per an announcement, Bitmain’s new Antminer T19 Bitcoin Mining will start selling […]

Bitmain launches new Antminer T19, but is it better than the S17 debacle?

China’s calls for “speed up” of Hainan’s “Blockchain Pilot Zone,” no sign of crypto even as Digital Yuan rises

China’s leaving no stones unturned in its well-publicized quest to become the world’s leader in blockchain development and services. After introducing favorable terms for Bitcoin miners, a parliamentary book on the topic, and even considering Bitcoin as “virtual property,” the country’s new “master plan” on June 1 released measures to “speed up” progress of the […]

China’s calls for “speed up” of Hainan’s “Blockchain Pilot Zone,” no sign of crypto even as Digital Yuan rises

Early Bitcoin advocate explains how falling oil markets mean profits for America and China BTC miners

The world’s equity, fuel, and bonds markets have entered into uncertain and volatile periods — driven on the back of unstable trade wars, changing fundamentals, and the ongoing coronavirus pandemic. Cryptocurrencies are not far behind. Digital asset markets, while not linked to traditional investments, suffer the brunt of global fundamentals; even the price cycles are independent. […]

Early Bitcoin advocate explains how falling oil markets mean profits for America and China BTC miners