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Chinese Ex-Banker Says Digital Currency Should Replace Fiat Money
4.8.2020
A former vice president of the Bank of China has argued that digital currency should replace fiat in the nation's financial systems
China’s Digital Yuan to Reportedly Target Dominance of Alibaba and Tencent
4.8.2020
China’s central bank may be planning to use its digital currency to curb the dominance of Alibaba and Tencent in the digital payments sector
World Gov’ts Eye Blockchain as Dollar’s Power Wanes, Says Ripple CEO
4.8.2020
Blockchain is offering global governments a serious alternative to a strained financial system, Ripple CEO Brad Garlinghouse says
The 2020 Rainy Season Is Tougher Than Ever for China’s Bitcoin Miners
4.8.2020
Chinese bitcoin miners are usually happy this time of year because the monsoon season brings excessive rain and thus cheap hydro electricity. But this year has proved to be tougher than ever
Deceived Crypto Investors Launched Their Own Scam to Recoup Losses
3.8.2020
Investors in China launched a crypto scam after being deceived themselves — and got busted by the police
Publicly Traded Firms Launch New Mining Rigs, Less Hashrate Than Competitors
3.8.2020
Two of the top mining manufacturers from China that recently had initial public offerings (IPO) released two new mining rigs. Canaan Inc. and Ebang Communications both have shares listed on the Nasdaq stock exchange, and the two firms just launched two ASIC mining devices with hashrates up to...
Former China Central Bank Exec Pushes for Digital Currencies
2.8.2020
Former Bank of China vice president says digital currencies can be a substitute for cash on circulation
China Never Banned Bitcoin as Commodity, Beijing Arbitration Commission Explains
2.8.2020
The Beijing Arbitration Commission has published an article clarifying that bitcoin’s use as a commodity has never been banned in China. It explains that the Chinese authorities’ attitude toward controlling bitcoin revolves around three areas. China Recognizes Bitcoin as Commodity...
Tencent Builds Blockchain Platform for China’s Oldest Wine Producer
2.8.2020
Tencent to build a blockchain-based wine traceability platform for China’s oldest wine producer
Various Crypto Mining Strategies Underline Industry’s Growth Potential
2.8.2020
PoS mining platforms are gaining traction globally but could use more polishing and real-life testing, according to experts
After the US Senate Pros and Cons on Digital Money — What Do We Do With It?
2.8.2020
The crypto industry has the best historical moment to change the discourse about cryptocurrency and its reputation into a successful innovative tech sector
Major Chinese Banks Bar Customers From Buying Gold, Precious Metals
1.8.2020
Major Chinese banks have taken measures to prevent customers from buying gold, platinum, palladium, and other precious metal-related products through them. The Shanghai Gold Exchange also says it may take necessary measures to curb gold trading to “protect investors.” Chinese Banks...
As Gold Touches New Highs Investors Face Storage Issues, Market Dilution, Threat of Seizures
31.7.2020
During the last few weeks, gold has skyrocketed in value over the concerns fueled by the faltering global economy. Despite the fact that gold has always been a safe-haven, many investors are looking to bitcoin because they fear central banks will dilute the market or even confiscate the gold. Prior...
Chinese Police Take Down $6 Billion Plustoken Ponzi, Arrest 109 People
31.7.2020
Chinese authorities have reportedly arrested 109 people in connection with the Plustoken Ponzi scheme. Twenty-seven of them are allegedly the scheme’s masterminds and 82 are key members. The Plustoken scammers have swindled funds worth about $5.7 billion from more than 2 million investors....
Tech's Antitrust Issues Flare Up on Both Sides of the New ‘Cold War,’ Report
31.7.2020
At the request of the People’s Bank of China, Beijing could soon probe its digital payments monopolies, sources claim
China Didn’t Ban Bitcoin Entirely, Says Beijing Arbitration Commission
30.7.2020
Bitcoin-related activities are not prohibited by the Chinese government as the cryptocurrency acts as a virtual commodity
China Aims to Be the World’s Dominant Blockchain Power – With Help From Google, Amazon and Microsoft
30.7.2020
China's BSN could be met with geopolitical resistance as it continues to extend its global reach
27 Key Execs at PlusToken Scam Are Reportedly Arrested
30.7.2020
PlusToken, one of the greatest exit scams in history, defrauded investors of nearly $6 billion, according to latest reports
Police Arrest 27 Alleged Masterminds Behind $5.7B Plus Token Crypto Scam
30.7.2020
Chinese police have arrested 27 leaders and 82 others suspected of operating the Ponzi scheme
Guizhou, China, Launches Blockchain-powered Int’l Trading Platform
30.7.2020
Features of Miao ethnic costumes in Guizhou, China. Another Chinese province reported that it is about to launch a blockchain-powered cross-border financial service platform.
Per Haiwainet, Guizhou Province, in China’s mountainous southwest, will launch the initiative this month.
The province’s...