Cryptocurrency Analysis and News Portal
Bitcoin (BTC) mining will not face a state crackdown in China, authorities have confirmed in new official documents. As noted by Blockstream CSO Samson Mow and others on Nov. 6, mining no longer features on a list of industries Beijing considers undesirable. “Bullish for Bitcoin”The change came via a new
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China’s forthcoming digital renminbi is unlikely to use blockchain, considers Ethereum (ETH) co-founder and ConsenSys CEO Joe Lubin.In an interview for CNBC’s Squawk Box Asia on Nov. 6, Lubin argued that the People’s Bank of China (PBoC) has little to gain — for its purposes — from the decentralized
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The Communist Party of China’s certified media outlet, The People’s Daily, released a featured article on blockchain and its future in China on October 4th. The piece was titled ‘Blockchain, a breaking point for China to overtake.’ Dovey Wan, an investor, adviser and crypto analyst shared screenshots of the piece
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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,
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China continues to up its blockchain game with an independently developed blockchain-based identification system for cities as part of its smart city infrastructure.On Nov. 4, Chinese daily tabloid newspaper Global Times reported that the newly developed identification system was jointly launched by three institutes in the city of Shijiazhuang.The
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Fintech and regulation experts have said the United States needs to wake up to China’s proactive pursuit of a central bank digital currency.A Fortune report published on Nov. 1 pointed to the fact that digital currency looks poised to play an increasingly important role in the standoff between the
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Major crypto exchange Binance may be returning to China, with a planned office to open in Beijing, sources say.Binance in exileBinance, which left China in September 2017 in response to the country’s ban on crypto trading, is looking to open a new office in Beijing to accompany one operating
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The Chinese have decided to censor anti-Bitcoin and anti-blockchain forms of expression in an effort to support the blockchain community and the cryptospace.In what has been seen by many as a long-expected move, the Chinese have now banned any form of communications that may tend to criticize, oppose or cast
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Authoritarian China has unironically banned criticism of blockchain technology. The move comes after President Xi Jinping publicly called for more blockchain research. The crypto industry remains divided about China’s sudden pivot. In one of the biggest U-turns in crypto history, China professed its love for blockchain. Now, the nation is going as far
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Derivatives exchange FTX has launched an index of eight popular China-based cryptocurrencies. Announced in a tweet by the firm’s CEO Sam Bankman-Fried Tuesday, the Dragon Perpetual Futures Index (DRGN-PERP) tracks a basket of coins including BTM, IOST, NEO, NULS,
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