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Is China Rethinking its Crypto-crackdown?


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...

Huawei Founder Says China Can Issue Own 'Libra'


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...

Honestnode Founder Discusses the First Stablecoin Built on Bitcoin Cash


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


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


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


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 and Pot Stocks: The Two Most Profitable Assets of 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...

China Might Permit WeChat To Come Up With Cryptocurrency


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


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


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


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...

How 10 Countries Respond to Facebook’s Libra Cryptocurrency


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...

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