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PR: Bitmain’s Announces Highly Anticipated World Digital Mining Summit
12.9.2019
The World Digital Mining Summit (WDMS) hosted by Bitmain – the world’s top 10 and China’s second largest fabless chipmaker – is set to return on 8-10 October in Frankfurt with a focus towards industry investment and innovation for the mining sector.
The post PR: Bitmain’s Announces Highly...
Chinese Police Reportedly Close Office of ICO Startup
11.9.2019
Offices of Chinese initial coin offering startup GXChain have reportedly been closed by local police
American Corporations are Pulling Out Their Investments from China, Reveals Survey
11.9.2019
The trade war between the United States and China has proven to be one of the biggest diplomatic and economic events of the past decade. The world’s two biggest economies have been locked in a bruising trade war since the end of last year, and no resolution is at sight as yet. The global economy...
Circle CEO, Jeremy Allaire States that China has an Open-minded Approach to CBDCs
11.9.2019
Circle CEO, Jeremy Allaire, opined that China has the most open-minded way to deal with CBDCs (central bank digital currencies) to date. Further, Allaire said in a recent interview on Phoenix Chinese News that China’s national bank has the most forward-thinking considering Central Bank...
Circle CEO: No One in the World Is Any Closer to CBDCs than China
11.9.2019
No country in the world is closer to central bank digital currencies than China, Circle CEO Jeremy Allaire says
Bitmain Launches Next Gen Miner as Bitcoin Hashrate Touches 100 Exahash
11.9.2019
Last Thursday the China-based mining rig manufacturer Bitmain announced the launch of two new Antminers that offer hashrates between 53 to 64 terahash per second (TH/s). When the Antminer sale started on Monday, first batch devices sold extremely fast and Bitmain expects to deliver units...
Report: Libra Stablecoin Tied to Major Currencies, Maybe Not Yuan
10.9.2019
Facebook has reportedly provided the U.S. Senate with details regarding the backing reserves for its Libra stablecoin
Tether Launches New Stablecoin Pegged to Offshore Chinese Yuan
9.9.2019
Tether announced that is launching a new stablecoin pegged to the offshore Chinese yuan
China Adds Almost 100 Tons to Its Gold Reserves
9.9.2019
The world has been in the middle of an economic downturn for most of 2019 due to a range of factors. The uncertainty with regards to interest rates and the continued United States–China trade war has brought on a lot of chaos on to the markets. Due to such chaos many investors have decided...
China’s New Digital Currency Will Be Similar to Facebook’s Libra
9.9.2019
Changchun Mu, the Digital Currency Research Institute chief and former deputy director of the payments and settlement division at the People’s Bank of China (PBoC) commented on their newly proposed digital yuan. He revealed that the new digital currency bears similarities with Facebook’s...
Report: Shell and Sinochem Discuss Blockchain Platform for Crude Oil
6.9.2019
Sinochem Energy Technology is reportedly discussing building a blockchain platform for the oil sector with Shell and Macquarie
Tether Announces Its Future Plans to Launch Two New Stablecoins for Users
6.9.2019
Tether, the popular crypto-fiat hybrid stablecoin firm, is planning to come in the limelight of the financial sphere, with the launch of two new crypto assets. According to the news, one coin of the controversial crypto firm will be secured with precious and lucrative commodities like gold...
Alibaba Acquires NetEase for $2 Billion as Luxury Push Gathers Pace
6.9.2019
The e-commerce industry in China has grown at a truly remarkable pace over the last decade and the company that has decisively emerged as the biggest player in the industry is Alibaba. It is one of the biggest e-commerce companies in the world and due to the sheer size of the Chinese market,...
Trump’s Trade War May Be Driving Chinese Investors to Bitcoin
6.9.2019
As the Chinese yuan falls in value due to the trade war with the U.S., there are signs that locals are increasingly moving funds into bitcoin
Bitcoin Hit Record Inverse Correlation to Chinese Yuan in Past Week
6.9.2019
Weakening Chinese yuan leads to higher Bitcoin prices and Asian premium
New Head of China’s Digital Currency Says It Beats Facebook Libra on Tech Features
6.9.2019
The PBoC's new digital currency chief has said its upcoming digital yuan has features not offered by Facebook Libra
China’s National Crypto Similar to Libra, Central Bank Official Says
6.9.2019
The central bank believes the digital currency will help protect China’s foreign exchange sovereignty
Tech Companies in China Struggle in Their Efforts to Turnaround the Supermarket Industry
5.9.2019
The supermarket sector can be regarded as one of the bedrocks of most developed economies since a large portion of the population shops at one of those establishments at least once a week. However, the way in which the tech sector has managed to revolutionize a whole range of industries in...
China’s Digital Currency Is Being Built in a Secret Office with Restricted Access
4.9.2019
A dedicated team has been developing China’s digital currency in a closed-door environment, away from central bank headquarters
Singapore Firms Sign 17 Deals with Companies in Sichuan
4.9.2019
Singapore and China have always had deep business ties, and over the past decades, those ties have only been strengthened. While China has become the world’s second-biggest economy, Singapore has also become one of the world’s foremost financial hubs and one of the most dynamic business-friendly...