Places China

Canaan unveiled a new Ethereum ASIC that’s more than 5-times more efficient than commercially available GPUs. This doesn’t bode well for small-scale miners and threatens to potentially increase centralization of the network. A new Ethash ASIC Today at the New Era Mining Summit in China, Canaan unveiled a new Ethereum Ethash ASIC. The ASIC would […]

The popularity of the keyword Bitcoin on major search engines in China has been on the rise since early 2019 following the strong rally of the bitcoin price. Since January, in merely nine months, the bitcoin price has increased from $3,736 to $10,000 by 167 percent against the U.S. dollar. Alex Krüger, a global markets […]

Binance made a strategic investment in crypto-data website Mars Finance. This is the first time the dominant exchange invested in a Chinese company since Beijing banned cryptocurrency trading in 2017. Growing crypto news outlet gets a boost from Binance Crypto exchange giant Binance has been on a roll in the past couple of months. The […]

BitPay, a Bitcoin payment processor, was criticized by the Hong Kong Free Press for arbitrarily suspending donations to the publication, alleges editor-in-chief Tom Grundy. BitPay suspends donations to Hong Kong Free Press BitPay was accused of suspending donations to the Hong Kong Free Press, said editor-in-chief Tom Grundy, amidst massive city-wide protests and clashes with […]

GXChain, one of the most highly rated blockchain projects in China, was recently raided by Chinese authorities. The price of the project’s native token GXC plummeted in response to the news. Police crack down on GXChain On Sept. 11, the Gushu Police Department raided GXChain’s headquarter office, taking sensitive documents and computers as evidence for […]

Chinese crypto exchange Huobi will make its first foray into a physical product with the launch of its sixth token offering on IEO platform, Huobi Prime. Huobi traders will have the opportunity to purchase NODE, the token of Whole Network and its blockchain phone, Acute Angle, during two trading rounds on September 11. However, as […]

Tether announced a new offshore Chinese-yuan backed stablecoin, CNHT. The cryptocurrency is the newest addition to the firm’s suite of regulation-skirting coins. Primer on China’s currency controls As part of China’s monetary strategy to peg the yuan against the dollar, it is mandatory that the People’s Republic control capital flows into the country. The theory […]

NEO is aggressively expending resources to compete with Ethereum in a race to become the most “developer-friendly” blockchain. Supported by several Microsoft veterans, the project is leading an ambitious build-out of the platform’s core capabilities with a treasury worth more than half a billion dollars. History behind NEO NEO is a smart contract platform founded in […]

Binance said it will be learning from Facebook’s mistakes with Libra, taking an even “more conservative” approach with its stablecoin, Venus. Besides compliance, it differs from Libra in that it will primarily focus on partnering with governments in Asia. Binance looking to take on Facebook with a regulatory-compliant stablecoin With the eyes of the entire […]

The People’s Bank of China (PBOC) will roll out China’s sovereign digital currency, DC/EP, as early as November this year, distributing it to seven institutions including Alibaba, Tencent, and the four largest banks in the world, two separate sources told Forbes. Paul Schulte, a former executive at China Construction Bank and Lehman Brothers Hong Kong, […]

Protesters in Hong Kong have taken to a new non-violent tactic, withdrawing cash in mass from ATMs and banks and converting it to U.S. dollars—foreshadowing things to come for Bitcoin. On Aug. 16, protesters in Hong Kong announced plans to withdraw their cash from the banking system in protest of overreach from mainland China, reported […]

Allegedly collapsed China-based Ponzi scheme Plus Token may be liquidating on exchanges portions of a reported $3.5 billion cache of stolen cryptocurrency, according to venture capitalist Dovey Wan, who is now appealing to the crypto ecosystem to spread awareness of the “critical” matter “before it’s too late”. If everybody can help RT this and @ […]

Evidence shows EtherDelta was sold to new owners in China and used in an exit scam. Chinese authorities are allegedly taking legal action against the decentralized exchange, according to documents provided by Dovey Wan, a founding partner at Primitive Ventures. Wan pointed out that the group of Chinese investors who bought EtherDelta from Zack Coburn […]

Amidst intensifying geopolitical risks and growing uncertainty in the global financial market, heavyweight investors like Michael Novogratz and Travis Kling foresee Bitcoin emerging as a viable alternative store of value. “With the yuan over 7.0, an FX war, instability in HKG and the beginnings of capital flight, BTC rally could have real legs,” said Novogratz. […]

The co-founder and CEO of Circle Jeremy Allaire affirmed that there is a “macro-correlation” between Bitcoin’s price movement and the current trade war between China and the United States that could lead to wider adoption in the Asian nation, according to a recent interview on CNBC. Bitcoin’s correlation with China The upswing that Bitcoin experience […]

Binance now offers wealthy traders a “personalized way” to conduct trades larger than 10 BTC off of the exchange’s order books via over-the-counter (OTC) trading. Binance trading introduces block trading services One of the world’s largest and most popular cryptocurrency exchanges, the Malta-headquartered Binance, introduced a new feature that allows its users to trade larger […]

Samson Mow, the chief strategy officer at Blockstream, revealed on July 27, 2019 that the Bank of China has published an article that explains how Bitcoin works, and why its price keeps increasing. Yesterday the #BankofChina posted up an article about #Bitcoin. They explained how $BTC works, why the price is going up, and why […]

According to a report by Caixin, a Chinese media outlet, the CEO and founder of TRON Justin Sun is under border control for accusations that have yet to be confirmed. Update @ 11:39 am Pacific time: Justin Sun has confirmed via Twitter he is now in San Francisco. Bay bridge is beautiful. Me and our […]