Places China

The chief executive of Binance, one of the world’s top crypto exchanges, has vociferously denied reports that the firm’s Shanghai office has been raided by Chinese authorities. Incredibly, CEO Changpeng Zhao claims Malta-based Binance, in fact, has no Shanghai office and that the allegations are part of a smear campaign paid for by rival crypto […]

The People’s Bank of China (PBoC) wants to create a better standard for regulating new technologies in the financial industry. According to Xinhua News Agency, the regulations will apply to 17 different categories in the fintech industry, including blockchain, AI, and cloud services. PBoC spearheads effort to regulate fintech industry After months of uncertainty regarding […]

VeChain has been on a rampage surging nearly 185 percent in the last 22 days. The spike appears to be correlated with rumors that link the company with China’s launch of a nationwide vaccine tracking system. Despite the bullish impulse seen lately, several technical indicators are estimating that a correction is underway. VeChain’s drug and […]

The official state-run press agency of the People’s Republic of China, Xinhua News Agency, cited Bitcoin in one of its latest reports as “the first successful application of blockchain technology.” The move comes weeks after President Xi Jinping announced that his administration would embrace blockchain technology. Exposing the masses to Bitcoin Xinhua News Agency, also […]

One of the most important cryptocurrency companies is in the midst of a raging internal spat. And unfortunately, it’s only getting worse. Bitmain co-founder Micree Zhan, who was last week booted from the Bitcoin mining giant as a result of a shocking pot shot from fellow co-founder Jihan Wu, is looking to retake control of […]

The plan to include cryptocurrency mining in China into a list of industries that would be banned in the country has reportedly been scrapped. Earlier this year, the National Development and Reform Commission (NDRC) in China revealed it was considering putting crypto mining on a list of banned industrial activities, which would have effectively phased […]

According to Dovey Wan, founder at Primitive Ventures, the Hong Kong Securities and Exchange Commission (SEC) is set to release a crypto exchange application guideline. Wan said: “Hong Kong SEC will announce detail in about an hour regarding cryptocurrency exchange application criteria. Considering Huobi has already backdoor listed on HKex, this will definitely play them […]

For much of Bitcoin’s 11-year lifespan, it has been laughed off as nothing more than an experiment— a worthless form of “magical internet money” for those on the fringe. But, according to a number of industry commentators, the cryptocurrency’s value proposition was just bolstered with news that a Chinese bank has been subject to what […]

Binance CEO Changpeng Zhao has clarified that rumors circulating about the “legalization” of crypto exchanges is simply misleading. Not a crypto exchange license but a generic business registration On Oct. 30, an analyst claimed that a photograph of a cryptocurrency trading license issued by the Chinese government has leaked, indicating that crypto exchanges are allowed […]

The cryptocurrency law that has been passed by China’s congress has left the crypto community divided. While some have applauded the government’s effort to adopt blockchain technology, others argued that it wasn’t a road towards modernization, but towards more control and dictatorship. China passes blockchain law after president endorses technology Rumors about a government-backed digital […]

The government of Guangzhou, a province in southern China, announced that it will launch a $150 million subsidy fund to aid the development of local blockchain projects. The government will selectively sponsor up to two “blockchain-related” projects per year, local Chinese media reported. China takes concrete steps to encourage blockchain development Following China’s President Xi […]

Weiss Crypto Ratings recently stated that China would never use Bitcoin. The comments come after the nation’s Center for Information and Industry Development published the latest edition of its crypto rankings index. The Global Blockchain Technology Assessment Index China’s President Xi Jinping recently revealed that he wants his country to “take the leading position in […]

Search volumes for “Bitcoin” on China’s social media platforms have spiked sharply following the Chinese government’s announcement of an openly bullish stance on blockchain and its various applications, including digital finance. China’s President Xi Jinping delivered a speech last week declaring his state’s intention to “seize the opportunity” of blockchain and “strive to let China […]

Search volumes for the word “blockchain” skyrocketed in China after President Xi Jinping said that his administration would embrace blockchain technology. Interest for blockchain rises On Friday, Oct. 25, during the 18th collective study of the Political Bureau of the CPC Central Committee, Chinese President Xi Jinping emphasized the importance of blockchain technology and its […]

As the Chinese government vows to put the nation at the forefront of blockchain technology, some of the most prominent China-based blockchain projects are skyrocketing. The following technical analysis will evaluate whether NEO, Ontology, and Qtum have the potential for a further advance. NEO, Ontology, and Qtum technical analysis A double bottom or “W” pattern appears […]

The endorsement of blockchain by Chinese President Xi Jinping created a gargantuan knock-on effect that will dramatically increase the technology’s penetration in China, reports cryptocurrency investor and Primitive Ventures founding partner Dovey Wan. Blockchain goes mainstream in China On Friday, Oct. 25, Chinese state media outlets reported that President Xi called for the adoption of […]

The Bitcoin price surged from $7,600 to $8,400 within a span of minutes on Oct. 25, almost immediately after Chinese President Xi Jinping said that China would focus on blockchain development. Is China a factor? Some investors anticipate that the rare release of a positive stance of the government of China on blockchain development could […]

Binance will roll out support for Alipay and WeChat, potentially providing a fiat on-ramp for over a billion people. The feature will help Binance make strides in China after it launched a peer-to-peer trading platform in the country. Binance rolls out new P2P platform Obtaining cryptocurrencies in China, where crypto exchanges have been banned since […]