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Nalezeno "Beijing": 177

China Removes Bitcoin Mining From Unwanted Industries List

6.11.2019
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...

Another Chinese Lender Bailed Out After Bank Run

3.11.2019
Yichuan Rural Commercial Bank, a lender operating in the central Henan province, has become the latest Chinese bank to be bailed out by the government this year. The small financial institution, which has around 30 branches only in the Yichuan county, experienced a bank run sparked by rumors that...

The Xi Effect – Chinese Government to Fund Blockchain Projects

31.10.2019
Chinese President Xi Jinping’s announcement that the country would invest heavily in blockchain technology – coupled with a sweeping move to remove online posts suggesting such technology is a scam – has nourished optimism long-held by crypto advocates. Of course, the reality...

Beijing Mulls Blockchain-powered Forex, Chinese Crypto Searches Soar

28.10.2019
China’s most recent bout of cryptocurrency and blockchain fervor shows no sign of subsiding – with regulators stating they are already looking at applying blockchain technology to cross-border trade finance. Meanwhile, it appears that the country’s citizens are brushing up on their crypto knowledge...

Bitmain Aims to Build a 300MW Texas Mining Farm

23.10.2019
The Beijing-based Bitmain Technologies and DMG Blockchain Solutions announced the launch of a 25MW mining facility in Rockdale, Texas. The new mine aims to bolster Bitmain’s international expansion which will soon expand to 50MW of processing power and then extend the operation’s...

CoinEx Chain Elects New Node Partners

16.10.2019
Hosted by CoinEx Chain Foundation, “CoinEx Chain Global Nodes Election Launch Conference” was successfully held in Shenzhen on Oct 16. The conference marked the official launch of CoinEx Chain’s nodes election. More than 500 blockchain practitioners, including investors, KOLs, technical...

Alibaba and Tencent Refuse to Share Loan Data Information with Beijing

19.9.2019
As everyone knows, a credit system is something that almost all countries need to have, and it is a hugely important tool that helps in keeping the consumer credit market as strong as possible. To that end, the Chinese central bank launched a private credit score company named Baihang in 2018. That...

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...

Foreign Ownership in IT and Telecom to be Restricted by Japan

27.5.2019
Cybersecurity has been a recurring issue for the most government over the past decade or so and the worries went up several notches when the United States accused Chinese telecom giant of being a vehicle for spying for Beijing. The company was eventually banned and blacklisted, but many other...

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