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Chinese State Media Praises Bitcoin


Disclaimer: The text below is a sponsored article. _________ This week, China’s state-controlled Xinhua News Agency has published a report that hails Bitcoin (BTC) as “the first successful application of blockchain technology. This news arrives just a week after Monfex covered the countries...

Blockchain-based Evidence Will Recognize in Chinese Internet Courts


China has developed a new system based on blockchain technology to collect evidence for procuratorates. The system recently was deployed in Hangzhou in east China’s Zhejiang Province to search the defamatory evidence against Chinese revolutionary martyrs. The search was conducted online, and...

Chinese Crypto Heavyweights Canaan, OneConnect Aim for USD 100m IPOs


Two Chinese blockchain, crypto heavyweights are targeting the American market – with both filing applications to launch USD 100 million initial public offerings (IPOs) with regulators. Per a filing lodged with the United States Securities and Exchanges Commission (SEC), crypto mining equipment...

From FUD to FOMO – China State Newspaper Says Bitcoin Is ‘Successful’


A major Chinese daily has published an article about Bitcoin. The publication describes the first cryptocurrency as a successful application of the blockchain technology. It provides its readers with the basics they need to know about Bitcoin and highlights some of its main characteristics. Also...

China Removes Bitcoin Mining From Unwanted Industries List


Inspired by its new fascination with blockchain, China now seems to have changed its mind about cryptocurrency mining. The latest version of a national macroeconomic plan indicates that the government in Beijing has given up intentions to suppress the bitcoin mining industry, in which Chinese...

Chinese Communist Party Reportedly Filling Roles at Top Exchange Huobi


A source has reported to news.Bitcoin.com that the Chinese government is attempting to directly manage the crypto exchange industry in the country. According to the source, this could lead to frozen assets for U.S. account holders and others. Notably, Huobi Global’s website has announced that...

China Now Censors Anti-Blockchain Sentiment, Educates Public on Bitcoin


Officially Bullish on blockchain technology, China is now reportedly censoring anti-blockchain sentiment. Meanwhile, a popular Chinese app with over 100 million active users has recommended a course on bitcoin, blockchain, and smart contracts. The app is designed to teach “Xi Jinping...

Central Bank Blockchains and Corporate Ledgers Are Still Vaporware


There’s been a resurgence of blockchain discussion this year, especially after China’s President Xi Jinping lauded blockchain and told Chinese citizens the country needs to accelerate distributed ledger technology development. Despite the lack of producing anything worthwhile, for some...

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