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China Designated as Currency Manipulator by United States Treasury
6.8.2019
In what can be termed as an unexpected turn of events, the United States Treasury has designated China as a Currency Manipulator. The announcement has been done via the Treasury Department’s official Twitter handle on 5th August, followed by a press release. U.S. Treasury Designates China as...
Volvo Uses Blockchain to Source Recycled Cobalt for Its Car
6.8.2019
The car manufacturing giant Volvo cars, owned by Geely Motor group, the Chinese automotive group has recently announced about their new vehicle. The new vehicle is the first electric car that is built with recycled cobalt and is mapped on the blockchain. Formerly the car company was a part of Volvo...
Currency War Erupts as US and China Bring Out the Big Guns
6.8.2019
What started out as a trade dispute between the world’s two largest economies is now a full-blown currency war as the U.S. and China bring their big guns to the battlefield. The impact on the global financial markets was immediate and severe, driving up safe-haven assets as ordinary people...
Circle CEO: Macroeconomic Turmoil Responsible for Bitcoin’s Growth
5.8.2019
Macroeconomic turmoil is responsible for Bitcoin’s recent growth, according to the CEO of crypto payments firm Circle, Jeremy Allaire
Market Outlook: Trade Wars and Filthy Fiat Battles Fuel Crypto Prices
5.8.2019
A slew of digital currencies have gathered decent gains over the last 48 hours and the entire market capitalization now stands at around $308 billion. Moreover, cryptocurrency trade volumes have kicked up a notch, capturing $66 billion in swaps over the last day. Overall, speculators think...
UK Bank Standard Chartered Uses Blockchain for Supply Chain Finance
5.8.2019
Standard Chartered completed its first joint blockchain-based supply chain financing transaction in cooperation with Linklogis
TRON Climbs on Crypto Rankings in China to Claim 3rd Spot
5.8.2019
TRON has had a fantastic run in 2019, barring the canceled Warren Buffett lunch. The crypto project grew significantly in terms of the user base, dApps, and general adoption. The massive leaps the token has taken after getting autonomy from Ethereum in June last year, it has managed to climb...
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...
Cryptocurrency in China: Over the Counter, Under the Table
5.8.2019
Primitive Ventures partner Dovey Wan breaks down the crypto situation as it stands in China today
PR: Uruguayan President Meets With the Founder of SCRY
2.8.2019
Uruguay, nicknamed South America’s Switzerland, has always taken a positive attitude towards the development of science and technology and information economy as well as science and technology services, thus becoming the first Latin American country to step into 5G information this year. Miss...
Liquidity Difficulties in China: Second Bank Bail-Out Now Reality
1.8.2019
Although it has its peculiarities, the Chinese banking sector now faces similar challenges to the west’s financial system. Dozens of small banks have been experiencing liquidity difficulties in the past few months. Observers believe the expanding problem has the potential to trigger...
China Publishes New Rankings of 37 Crypto Projects
31.7.2019
China’s Center for Information and Industry Development has published its latest crypto rankings. Thirty-seven projects have been evaluated and ranked overall as well as in three separate categories. Some favorites have changed and two projects have been added to the previous list of projects...
Millions in Crypto Is Crossing the Russia-China Border Daily. There, Tether Is King
30.7.2019
Tether has a real-world use case: Chinese importers of cheap goods in Russia use it to send millions home daily
Is China Rethinking its Crypto-crackdown?
29.7.2019
China effectively closed its door to cryptocurrencies in September 2017, when it banned cryptocurrency exchanges and initial coin offerings (ICOs). But almost two years later, is Beijing slowly starting to rethink its policy?
Officially, nothing has changed. However, recent developments in...
Year On Year Industrial Profits of China Fall by 3.1% as Trade War Problems Hit
27.7.2019
China had been growing at a breakneck pace over the last three decades or so, but now the country is going through an economic downturn as well. The country’s GDP grew at a slower rate for the first time in three decades and that had a major effect on the domestic demand. To make matter …
The...
Huawei CEO Calls on China to Create a Rival to Facebook’s Libra Crypto
26.7.2019
Huawei's CEO said: "Even China is able to issue such currencies, why wait for Libra?"
Justin Sun’s Withdrawal from Lunch with Warren Buffett Gets More Dramatic, Found Partying
26.7.2019
Justin Sun is suddenly trapped in a series of controversies, soon after Tron Foundation informed that the Power of One Lunch with Warren Buffett had been postponed. Rumors are all over the internet, and they haven’t stopped popping up. Let’s take a look at the series of events, right from...
Huawei Founder Says China Can Issue Own 'Libra'
26.7.2019
Ren Zhengfei. Source: a video screenshot, Youtube, Financial Times
Ren Zhengfei, the founder and CEO and of Chinese giant Huawei that was recently blacklisted* by the U.S., said that China can issue a similar digital token to Facebook's Libra.
Responding to Italian media questions whether Libra...
Justin Sun Rubbishes Claims by Media House That TRON is Involved in Illegal Fundraising
23.7.2019
TRON and its founder, Justin Sun, have landed in fresh controversy after a business media outlet based out of China accused the latter of illegally raising funds why the crypto project. Accusations have come just a few hours after Tron Foundation announced the postponement of the much-awaited high...
Honestnode Founder Discusses the First Stablecoin Built on Bitcoin Cash
22.7.2019
On June 12, the Honestnode team announced the release of a new stablecoin project built on top of the Bitcoin Cash network called Honestcoin (USDH). The new token was made using the Simple Ledger Protocol (SLP) and recently launched on the cryptocurrency trading platform Coinex. This week...