Places China

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 […]

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 […]

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 […]

Following Chinese President Xi Jinping’s decision to put the nation at the forefront of blockchain technology, VeChain (VET) experienced a massive rally. Since then, this cryptocurrency is up 176 percent. And, the bullish momentum could prolong as the VeChain Foundation continues to expand the utility of this token. Tokenizing in-game assets Jamie Thomson, a British […]

A representative of the Bank of China affirmed that the country is preparing to allow security token offerings (STOs) within a strict regulatory framework. China to allow security token offerings (STOs) During the Financial Finance Technology Summit in Beijing, Weimin Guo, chief scientist of the Bank of China, expressed his views about the current state […]

The disappearance of the CEO of Chinese crypto exchange IDAX shed a light on the ever-growing problem of crypto exchange centralization. Having the fate of an entire company in the hands of a single person is a far too common occurrence in the crypto industry and a worrying trend that ought to be stopped. Missing […]

The third-largest Ponzi scam in history, Plus Token Wallet, could be responsible for the drop in price Bitcoin saw last week. According to one analyst, the massive liquidation from the Plus Token scam caused an abnormal effect on the market, leading to an increased sell pressure that forced miners to capitulate way ahead of schedule. […]

Some of the most prominent China-based blockchain projects appear to be recovering quickly after the recent downturn in the market. The following technical analysis evaluates whether NEO, Ontology, and VeChain have the potential for a further advance. NEO Over the last two weeks, NEO saw its value plummet nearly 38 percent. This cryptocurrency went from […]

Almost 200 cryptocurrency exchanges and token issuing platforms have been shut down. According to the People’s Bank of China’s (PBoC) financial report, the country will continue to crack down on “unlicensed payment” businesses, which include online lending institutions and other financial companies operating on the internet. Chinese crypto exchanges exit the market “without risk” after […]