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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...
How Big Hydro Power Partners With Bitcoin Miners to Prevent Energy Waste
22.7.2019
We are often told that the verification of bitcoin transactions eats a lot of energy. The largely inaccurate comparison to a small country, the size of Ireland or Denmark, is evoked thanks to numerous clickbait headlines. What mainstream media fails to explain, however, is that bitcoin mining...
China: Blockchain Tourism Initiative Launched, Bitcoin Miners Busted
22.7.2019
Yunnan Province, China. China’s crypto-crackdown remains firmly in place, but interest in all things blockchain and cryptocurrency-related remains high in the Middle Kingdom.
Per Xinhua, tourists and tour operators visiting attractions in the Yunnan Province will soon be able to obtain...
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...
Bitcoin Ransomware That Infiltrated 100 US Enterprises Spreads to China
18.7.2019
Bounties demanded by the Ryuk hackers reach upwards of $5 million to be paid in bitcoin, according to the FBI
Bitcoin and Pot Stocks: The Two Most Profitable Assets of 2019
18.7.2019
Marijuana is the dried flower of the naturally occurring cannabis plant, that’s existed on the planet for thousands of years and has been widely used through history by various cultures. The first-ever recorded use of the plant for medical reasons dates back to 2,737 BC in China when Emperor Shen...
Web Search Data Indicates Soaring Interest for Facebook Libra in China
18.7.2019
China has emerged as a perhaps surprising leader when it comes to public interest in Facebook's Libra cryptocurrency project
Global Crypto War Is Heating up – Iran Next in Line With Its Own Gold-Backed Coin
17.7.2019
Control of the U.S. dollar and the global financial system that depends on it gives the American government an incredibly powerful tool in shaping international affairs. As such, it is not surprising that its geopolitical rivals around the world will try to exploit the invention of cryptocurrency...
China Might Permit WeChat To Come Up With Cryptocurrency
14.7.2019
The impending launch of Facebook’s Libra cryptocurrency is seemingly having many implications on both economic and political fronts around the globe. Especially this development is seen with utmost interest among the business circles in China and the strained relationship with the US and...
Miners Flock to Iran Where Bitcoin Mining Is Set to Be Sanctioned
12.7.2019
According to regional reports, the Central Bank of Iran (CBI) is planning to allow licensed cryptocurrency mining as long as operations are charged for electricity based on the price of export. The CBI governor, Abdol Nasser Hemmati, explained that mined cryptocurrencies should flow back into...
Bitcoin Cash Community on Bitkan’s K-Site Raises Funds for BCH Development
11.7.2019
Last year news.Bitcoin.com spoke with the cofounder of Bitkan, Fang Yu, about the company’s K-Site project, which acts as a decentralized media outlet, micro-blog and forum with rewards. Just recently, Bitkan spoke with news.Bitcoin.com about K-Site’s growth and how the platform’s...
Libra Can Teach China One Thing, Suggests Ex-Central Banker
11.7.2019
Zhou Xiaochuan. Source: a video screenshot, Youtube, Bloomberg Markets and Finance
The Chinese government may be about to rethink its strategy towards “digital currencies,” a recent speech by the country’s former central bank governor, Zhou Xiaochuan, suggests.
Zhou, who served as the governor...
China Should Prepare Digital Yuan to Counter Facebook Libra: Ex-PBoC Chief
11.7.2019
China should revamp its plan for a national digital currency in the face of Facebook's Libra cryptocurrency, says the central bank's former head
How 10 Countries Respond to Facebook’s Libra Cryptocurrency
11.7.2019
A growing number of governments have responded to Facebook’s cryptocurrency plans including China, France, India, Japan, South Korea, Russia, Singapore, Thailand, the U.K., and the U.S. Several intergovernmental organizations have also weighed in such as the European Central Bank and the Bank...