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Turkey Throws Another Wrench Into the USD’s Works and Joins Russian Swift
11.10.2019
The dominance of the U.S. dollar as the global reserve currency is being robustly challenged on all fronts. Other geopolitical powers and smaller but important players are unwilling to accept the political influence Washington exerts through its fiat money. And in times of trade wars, sanctions...
Crypto Facilitates Money Transfer for Restricted China
14.9.2019
Crypto is not illegal in China, but it is illegal for banks and financial institutions to deal in crypto. It’s also illegal to send or receive over $50,000 in fiat money without government permission. Restrictive banking regulations, international trade wars, and a surveillance state in...
China Telecom Gears up to Develop Blockchain-Enabled 5G SIM Cards
2.9.2019
China Telecom has divulged strategies to develop blockchain-enabled 5G ready SIM cards, reveals a Chinese website Sina News. The leading China Telecom’s research arm issued the white paper mentioning vital plans on the sidelines of China International Smart Industry Fair recently. The paper...
In Race to Lead Global Crypto Sphere, Will US Surrender its Dominion to China, Questions Binance CEO
28.8.2019
Yesterday, Changpeng Zhao raised a burning question on his official Twitter handle about whether it will be a race or will China get it just like that from the U.S. Now is it going to be a race? Or will US just hand it to China? Thoughts? https://t.co/lDRoAsYsHF — CZ Binance (@cz_binance)...
Reformed BTC Maximalist Erik Finman Proves the Value of Unschooling
28.8.2019
A 12-year-old, future unschooling advocate at an Occupy Wall Street protest learns about Bitcoin while running from the cops. He invests. Later, the independent Erik Finman will become the supposed “world’s youngest bitcoin millionaire” at age 18. That’s not where the story...
deVerge CEO Lauds HM Revenue & Customs Authority’s Move To Gather Crypto Trading Records
15.8.2019
The crypto industry and regulators have a bittersweet affair across the globe, a tussle that seems to be going nowhere yet. However, things have been moving either way in many regions, including the United Kingdom. Recently, HM Revenue and Customs (HMRC) department sent letters to a few crypto...
Computing Power of Bitcoin Establishes New Record with 100K+ Miners Online
5.8.2019
The aggregate computing power that goes into securing the blockchain of bitcoin has established a fresh record. As per the data released by BTC.com, a mining service operator, the average hash rate for bitcoin mining has hit 71.43 quintillion EH/s (hashes per second) over the period of the past...
Bitcoin is Declared as Legal Virtual Property by Chinese Court
19.7.2019
Bitcoin (BTC) has now been declared as a legally recognized virtual property by a Chinese court. As per the Hangzhou Internet Court ruling, Bitcoin has the characteristics to be regarded as a virtual property and thus owning Bitcoin will be legal in China. The court also said that the digital...
Will China Still Run Tight Ship Around Participating In Global Digital Competition?
26.6.2019
China has been known to shut itself off from the relatively newly emerged financial revolution- The Blockchain revolution. Several bans around the crypto activities, Initial Coin Offerings, etc. have prevented the country to participate in the crypto sphere despite the boom in the industry. Since...
Bitcoin Popularity Is On A Steady Rise In China, Trending On Baidu Search Engine, Says Alex Krüger
4.6.2019
China has been a barren land for Bitcoin as the authorities have been against it. The apex cryptocurrency has suffered several restrictions in the world’s second-largest economy, which has kept crypto trade at bay. However, several reports have emerged in the recent past, which suggest that despite...
China Releases New Crypto Rankings
27.5.2019
China’s Center for Information and Industry Development has released its latest rankings of 35 crypto projects that were evaluated over the past two months. While several top positions remain unchanged, Bitcoin has climbed up the overall ranking. Also read: Indian Supreme Court Postpones...
China’s BTC Ban Doubles-Down with WeChat Terminating Accounts Dealing with Crypto Trading
16.5.2019
China’s ban on BTC is not new. The country has been doing so over the past two years now since the infamous incident of local ICO (initial coin offerings) and crypto exchange happened. Since then, the citizens of the country are allowed to hold the crypto but are restricted from trading it. This...