Places China

Videos of protestors attempting to enter the research and development center of a Tron partner in China went viral. Justin Sun responded to allegations of inaction related to the Ponzi scheme, masquerading as Tron, which originally stirred protestors into action. Protestors attempted to enter the research and development center of Raybo, a Tron partner in […]

China’s central bank is creating its own cryptocurrency in response to Facebook’s Libra, said Wang Xin, director of the People’s Bank of China’s (PBOC) research bureau. Reasoning behind China’s hostility towards cryptocurrency China’s stance towards Bitcoin, and cryptocurrency in general, has been hostile—and understandably so. China tightened capital controls in the wake of a shock […]

News about a police raid of Tron’s offices in Beijing has gone viral on Twitter, with many people assuming the company was investigated for scams. However, the situation was vastly exaggerated as the police were called in to protect staff and ease tensions as several protestors gathered in front of the company’s building. Video goes […]

Protests against a controversial extradition law resulted in Bitcoin trading at a premium in Hong Kong. BTC has been trading between $75 and $160 over the global average on local exchange Tidebit, with many experts believing an even bigger premium will follow. Protests over controversial law push millions into the streets of Hong Kong Bitcoin […]

Bitcoin has been on a 174-day bull rally since the low of Dec. 15, 2018, when it was trading at $3,150, which has seen its price surge 188 percent reaching $9,070 on May 30. According to some analysts and investors, the upswing may be partially be attributed to the financial crises affecting the world’s biggest […]

NEO upgraded its consensus mechanism ahead of the scheduled move to NEO 3.0 in 2020. Often referred to as “Chinese Ethereum,” the project has been making moves in 2019 to increase its global footprint. NEO recently opened a U.S. office―NEO Global Development Seattle, led by former Microsoft executive John deVadoss―and hosted its second developer conference […]

There are signs that Bitcoin mining is beginning to gain a foothold in the United States—a win for the decentralization of the cryptocurrency ecosystem. Considering the looming crypto mining ban, increasing pressure from the U.S.-China trade war, and the Chinese government’s cautious stance towards crypto, the diversification of miners out of the country isn’t surprising. […]

Despite banning cryptocurrency exchanges, China may still have a big influence on the industry. The recent surge—and drop—in bitcoin prices could have been helped by trends coming from the Asian market. China’s influence over Bitcoin Since Sept. 4, 2017, the Chinese government made it illegal for mainlanders to exchange digital currencies. The ban was intended […]

Bitcoin SV surged more than 60 percent over the last few hours following a fake report that Craig S. Wright sent funds from Satoshi Nakamoto’s wallet. Fake news surrounding Bitcoin SV What appeared to be a news alert coming from Coinbull, a Chinese media outlet, had the market rush into buying Bitcoin SV. The coin […]

In a recent report, the Beijing News analyzed a case which involved more than 100 people who were scammed out of 7,000 BTC. Wei Xiao, a council member at the Bank of China Law Research Association, stated that owning bitcoin in China is legal. Although the legal consequences of over-the-counter trading remain uncertain, Xiao suggested […]

One of the largest social media platforms in the world, Chinese-based WeChat, has banned cryptocurrency trading on its platform. According to the company’s updated payment policy, merchants and users who engage in crypto trading will have their accounts terminated from the platform. No more cryptocurrency transactions on WeChat WeChat, the largest messaging and social media […]

China’s central planning agency announced plans to ban Bitcoin mining and is currently soliciting comments before it makes its final determination. Mining and cryptocurrency experts have mixed opinions on how the move will impact the security and price of BTC. China Dominates Cryptocurrency Mining China is the world’s largest manufacturer of Bitcoin ASICs and specialized […]

Bitmain announced its next-generation of mining ASICs for Bitcoin, Bitcoin Cash, and other SHA256 coins. The growing difficulty in manufacturing these computer chips raise concerns around network decentralization for these cryptocurrencies. Bitmain is China’s second-largest fabless chipmaker and the world’s largest cryptocurrency mining hardware manufacturer. The company also boasts a huge mining operation, commanding anywhere […]

Bitmain, the largest mining hardware manufacturer in the world, has launched a new 7nm ASIC mining chip which achieves new levels of performance, chip size, and energy efficiency for mining Bitcoin (BTC) and Bitcoin Cash (BCH). New Chips For Mining Bitcoin and Bitcoin Cash Chinese mining giant Bitmain has launched a new generation of ASIC […]

Hong Kong is tightening its regulatory grip on cryptocurrency exchanges and related businesses by bringing them under the purview of the Securities and Futures Commission (SFC), as reported by Asia Nikkei Review on Dec. 17. Crypto-Financial Center While part of Chinese territory, Hong Kong follow a different judicial approach to the Mainland. The treatment has resulted […]

China’s central and largest bank by market capitalization has officially banned all security token offerings (STO) and any related investment and businesses involved in the practice. STOs Face Government Wrath As reported by the South China Morning Post on Dec. 10, 2018, the enterprising and upcoming STO market will gain traction in the Chinese investor […]

In a recent controversy brought to light by Amber AI, Hong Kong-based cryptocurrency exchange OKEx has been allegedly engaging in “market manipulation and fraud,” impacting $400 million in trades. Investors are unable to seek help from the courts due to regulatory exclusions. An Achilles Heel for Investors Despite Hong Kong having been among the first […]

Bitmain’s billionaire co-founder Jihan Wu may sell over 1 million Bitcoin Cash SV (BCHSV), following the successful completion of a scheduled Bitcoin Cash hard fork on Nov. 15. I am wondering when I can deposit my BSV token into exchange to sell. — Jihan Wu (@JihanWu) November 17, 2018 A contentious hard fork of Bitcoin Cash […]