Cryptocurrency Analysis and News Portal
Bitmain co-founder Micree Zhan was reportedly ousted from the company on Tuesday. Zhan is the wealthiest cryptocurrency billionaire according to the Hurun rich list. Traders are now worried Zhan could dump 1.6 million bitcoin cash in retaliation. Bitmain co-founder and executive director Micree Ketuan Zhan has reportedly been forced out of the company
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An executive at a Chinese economics think tank has said that China’s central bank will be the first to launch a digital currency successfully.According to Chinese tech news outlet Pandaily, Huang Qifan, vice chairman of China Center for International Economic Exchanges (CCIEE), confidently believes that China’s central bank will
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It seems like China is finally ready to take the bull by the horn. Instead of running away from the emerging technology and missing out on all it has to offer, the government of China has devised a safe means to leverage its untold potential, without necessarily getting burnt.Impossible, you
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China is rapidly adopting a pro-blockchain stance following news it would bring in a so-called “crypto law” in January next year. China: Blockchain must be legitimateIn a sign of China’s abrupt official about-turn on blockchain, officials are deleting posts that claim the technology is a scam, Twitter-based crypto news resource
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China is looking into the application of blockchain and Artificial Intelligence (AI) to cross-border financing, Reuters reports on Oct. 27.Blockchain in risk managementLu Lei, the deputy head of the Chinese regulator State Administration of Foreign Exchange (SAFE), reportedly said that there are plans to use blockchain and AI in
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China’s rapid embrace of blockchain, more precisely its Yuan backed crypto is huge news in circles such as congress, finance and the Whitehouse itself. First off we start with China’s new law aimed at developing blockchains increasing role as a replacement for Fiat currency active 1st Jan 2020. According to the Chinese
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The Standing Committee of the 13th National People's Congress in China has passed a new law regulating cryptography on Oct. 26 that will take effect on Jan. 1, 2020, reports local news outlet CCTV. Per the report, the new regulatory framework aims to set standards for the application of cryptography
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During the 18th collective study of the Political Bureau of the Central Committee, Chinese President Xi Jinping stated the importance of blockchain as a technological breakthrough and pushed for independent innovation of blockchain core technologies. The plan is for China to accelerate the development of blockchain technology, according to a
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On October 18, China’s Office of the Central Cyberspace Affairs Commission announced the publication of the second batch of authorized domestic blockchain information service providers and released a list of new approved 309 blockchain companies.Chinese authorities have officially implemented the new ‘Regulation for Managing Blockchain Information Services’ (also referred to
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Earlier in October 2019, Binance announced a fiat on-ramp for crypto trading via Chinese payment services Alipay and WeChat. This move was part of the exchange giant’s peer-to-peer (P2P) trading rollout for Bitcoin (BTC), Ether (ETH) and Tether (USDT) against the Chinese yuan.The public nature of this announcement did bring
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