Places China

The Hangzhou International Blockchain Week 2020, one of the largest blockchain and crypto conferences in China, put a heavy focus onto mainstream adoption, with influential figures from the industry discussing the ways hundreds of millions of users could be drawn to the space. The annual conference is organized by 8BTC, which is a leading Chinese […]

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 […]

If you’ve been on Crypto Twitter over the past few days, you’ve likely seen the video seen below. According to the individual that shared it, the video shows a group of “farmers” being shilled Cardano and ADA. Michael “Boxmining” Gu, a cryptocurrency Youtuber and podcaster, corroborated this. Gu added that caveat that the farmers in […]

Dramatic moves in Chinese stocks over the past week are causing analysts to draw comparisons with 2015’s bubble. Reports state retail traders across China are actively searching for high-risk, high-returns in traditional assets. As a consequence, however, this may cause upward movement in the crypto markets, say observers. A “healthy bull market” Driving the action […]

Weeks after the Bitcoin halving in mid-May, miners are seemingly moving out of China and into Europe — with one prominent mining pool stating geopolitical tensions between the U.S. and China are a major catalyst. Losing “inertia” F2Pool, one of the world’s largest Bitcoin mining pool as per data on BTC.com, said in a tweet […]

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 […]

China’s digital currency aspirations are both unprecedented and unparalleled. The former because not many critics pinned their hopes on the Far Eastern giant to be the beacon holder for blockchain technology, the latter as no other nation is close to China’s progress with in terms of digital currency development. But the advancement of disruptive technology […]

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 […]

Chainlink’s price has been caught within an intense uptrend over the past couple of days that has allowed it to set fresh all-time highs. Its latest push higher marked a break above a key technical formation that could catalyze further momentum. This latest push higher appears to have come about in tandem with news regarding […]

East Asian nations are forging ahead with their digital currency and blockchain plans, with most being largely lenient towards large-cap digital assets like Bitcoin. Singapore, the tiny island-nation known for its shipping and finance industry, wants to team up with China for the latter’s upcoming Digital Yuan project. Singapore already has regulations in place for […]

A new report by Bitcoin trading giant BitMEX focussed on the BTC mining industry, exploring if three mining giants could IPO on U.S. markets and if China’s Bitcoin mining could grow. Both aspects, unfortunately, face negative consequences if current market conditions remain. Bitcoin miners face IPO troubles Bitmain, and Ebang, two of the biggest ASIC […]

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 […]

South Korean efforts to launch a native digital currency are speeding up as China’s digital yuan continues to be extensively tested across the country. Last month, Korea acknowledged it was “concerned” by Chinese influence in the blockchain and digital currency space, vowing to increase research efforts by dedicating hundreds of millions of dollars towards the […]

Since the past few days, certain, and rather strange, transactions are stirring up debate in the Ethereum community. Data shows someone, an entity or individual, spent millions in transaction fees for just a few hundreds of dollars in the actual transfer – a rarely seen occurrence. But a new report out of China claims a […]

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 […]

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 […]

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 […]

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 […]