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Regulatory Roundup: Crypto ‘Inevitable’ in India, China Rankings, NY Streamlines Policy

16.12.2019
In this regulatory roundup, we cover a positive crypto story in India, China’s year-end rankings, and the European Central Bank entering the stablecoin race. We also cover the New York regulator’s proposed Bitlicense revision — the first in five years — and several other...

Chinese Court Freezes $676K in Assets of Bitmain Manufacturing Subsidiary

16.12.2019
The Shenzhen Bao'An District Court in China has frozen $676,000 in assets of a Bitmain subsidiary

Bitmain’s Miner Manufacturing Subsidiary Had $680k in Assets Frozen in a Contract Dispute

16.12.2019
In the latest contract dispute to hit the firm, $680,000 belonging to a fully owned subsidiary of bitcoin mining giant Bitmain has been frozen by a Chinese court

CEO of Bitmain Rival MicroBT Facing Embezzlement Wrap in China

16.12.2019
Prosecutors in Shenzhen, China, are reportedly looking to press embezzlement charges against the CEO of Bitmain rival MicroBT. The CEO, Yang Zuoxing, is a former Bitmain employee who worked in the latter’s chip design department. Per a report from Bloomberg, quoting three anonymous sources, “[Yang]...

Ex-Bitmain Chip Designer Reportedly Arrested for Alleged Embezzlement

16.12.2019
A former leading chip designer at Bitmain has reportedly been arrested on suspicion of alleged embezzlement

Bitmain Rival MicroBT’s Founder Arrested in China for Alleged Embezzlement

16.12.2019
The arrest, noted by the Shenzhen Nanshan District Prosecutor on Dec. 12 and reported by business publication Caixin on Sunday, comes amid ongoing battles between mining giant Bitmain and MicroBT, which has been a rising competitor this year challenging Bitmain's market dominance

Chinese Courts Increasingly Use Blockchain Technology To Settle Cases

16.12.2019
China’s smart internet courts have applied blockchain and artificial intelligence to decide on millions of legal actions

China-like Digital Fiats to End Dollar Dominance

15.12.2019
Cash of the titans. Artistdesign29 One of the hottest topics in cryptocurrencies is the prospect of major economies launching state-backed digital coins. China’s central bank recently accelerated plans for what is currently known as the Digital Currency Electronic Payment (DCEP)....

TikTok Owner Reportedly Working With Chinese State Media on Blockchain

14.12.2019
TikTok’s parent company to develop blockchain and artificial intelligence business models with a Chinese state-owned media firm

Highest in 2 Years: 65% of Bitcoin Hash Power Is in China, Report Finds

13.12.2019
For all of bitcoin’s promise of being the world’s first decentralized, peer-to-peer cryptocurrency, 65 percent of the total hash power resides in China, according to a recent report by CoinShares Research

Bitcoin Miner Canaan’s Shares Plunge 40% Since IPO in November

13.12.2019
Bitcoin mining giant Canaan Creative’s shares have seen a 40 percent drop in value since its IPO

Mining Report Shows 65% of Bitcoin’s Hashpower Stems From China

12.12.2019
As the end of 2019 approaches, Coinshares Research has published its bi-annual mining report that contains informative research and observations about the bitcoin mining industry. Since Coinshare’s last report published in June, BTC’s hashrate grew by 50 exahash per second (EH/s)...

China’s Inflation Hits a Record 4.5% as Beijing Prepares to Test Digital Yuan

12.12.2019
China has been confronted with multiple economic and financial problems this year amidst an ongoing trade war with the United States. Authorities in Beijing have been trying to overcome the challenges with administrative measures in what has become a market economy over the years. Inflation of...

BRD’s Adam Traidman on New Products, Crypto Adoption, and Banking the Unbanked Into 2020

11.12.2019
Breadwallet, later known as Bread, and now just as BRD, was the first crypto wallet in the App Store in 2014. Its non-custodial, open source and user-friendly nature saw it become very popular, now with nearly 3 million users worldwide. CEO Adam Traidman took some time to field questions from...

Study: China’s BTC Miners Control 66% of Global Hash Rate

11.12.2019
Chinese share of global hash rate hits a new record of 66% since 2017, a new study says

Market Update: Despite Uncertainty, BTC Longs Skyrocket

11.12.2019
Digital currency prices have slumped again as the entire crypto market capitalization has dropped below $200 billion. At press time, most of the top digital assets are down a few percentages after gathering some gains over the last few days. With multiple coins getting rejected after trying...