Places China

Three major powers are betting on the long-term potential of cryptocurrencies, digital currencies, and blockchain. In separate developments, schools and publishers in Korea, China, and Australia introduced blockchain and digital currency-related coursework for graduates and government officials, guided by narratives of future opportunities and concerns of potential unemployment. Australia’s RMIT offers blockchain course On May […]

China’s aggressively pushing for blockchain development and digital currencies, with local sources stating the ongoing coronavirus pandemic may lead to an early release of the country’s ambitious digital currency project. However, while a central bank official says there’s no particular timeline, the currency could be seen at a major global sports event, if ongoing tests […]

Last year, Bitcoin embarked on a strong rally from the low-$3,000s to a high just shy of $14,000. It was a more than 300 percent rally that caught many traders off guard, especially because it came just months after a brutal -80 percent bear market. The jury is still out on what caused demand for […]

China’s leaving no stones unturned in its apparent motive to become a global blockchain leader. This past weekend, an official of the China National People’s Congress suggested the parliament to increase state-budgeted funds towards blockchain development and digital currencies, terming it a “new economic potential.” The move comes days after Korea mulled a $400 million […]

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 […]

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 […]

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 […]

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, […]

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 […]

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 […]

The PlusToken scam has deposited around 13,000 BTC to a mixer in the past 24 hours, reports blockchain research firm Ergo. Mixer deposits in Bitcoin do not necessarily mean a sell-off in the immediate future, but it raises the probability of it. Researchers at Ergo said: “~13k [BTC] in new PlusToken mixer deposits in last […]