Cryptocurrency Analysis and News Portal
Perceived safe-haven assets Bitcoin and Gold were trending downwards on Friday as investors processed the emotional aftermath of China’s weak economic data.Bitcoin extends bearish bias after breaking crucial support of $8,000 | Image credits: TradingView.comThe BTC/USD instrument slipped by 1.96 percent, or $158.23, on San Francisco-based Coinbase exchange to trade
Read More
"Hurun China Rich List 2019” published by Hurun Report, a research, media and investments firm, features 12 local cryptocurrency magnates.The latest list was published on Oct. 10 and includes co-founders of mining giant Bitmain Micree Zhan and Jihan Wu, founder of major crypto exchange Binance Changpeng Zhao and founder
Read More
Non-profit research institution focusing on blockchain technology Wanxiang Blockchain, and PlatON, the pioneering global privacy-preserving computing network announced the launch of an open-source consortium blockchain infrastructure, PlatONE. advertisement Yu Cheng, General Manager for Digital Insurance Innovation at Minsheng Life Insurance said: “For years, Minsheng Life Insurance has invested in blockchain and big data
Read More
Hong Kong-based China Merchants Bank International (CMBI) will develop and launch blockchain-based solutions for its financial services.CMBI and Huobi partner with NervosIn an Oct. 3 press release shared with CryptoX, CMBI, a wholly-owned subsidiary of China Merchants Bank, announced that it is partnering with Chinese blockchain startup Nervos to
Read More
China is set to launch the world’s first central bank digital currency (CBDC). As the majority of central banks, including in the US and Europe, are tentative over issuing their own CBDCs, the People’s Bank of China (PBoC) has gone all-in on the idea of a digital Yuan and not
Read More
China has the most progressive approach to central bank digital currencies (CBDCs) to date, according to Circle CEO Jeremy Allaire.The only global bank to really care Allaire said that China’s central bank has the most advanced thinking about CBDCs in an interview aired on Phoenix Chinese News on Sept. 9.According
Read More
Blockchain solutions company PlatOn has created a platform for storing data and calculating the price of used business cars at Beijing Mercedes-Benz Sales Service (BMBS).Calculating and monitoring car pricePlatOn shared the news with CryptoX on Aug. 29. According to the announcement, PlatON’s blockchain-based Vehicle Residual Value Management Platform can
Read More
Major phone operator China Telecom has released a white paper on blockchain-powered smartphones in the 5G Era.China Telecom introduced the white paper at the China International Intelligent Industry Expo on Aug. 27, according to a report by local finance news outlet Sina.Existing troublesIn the document, China Telecom pointed out
Read More
Bitcoin began an impressive price surge minutes after China announced that it would slap additional tariffs on US goods.Beijing said late Friday that it would increase taxes on $70 billion worth of US imports of between 5 and 10 percent. That progressed its already worsening trade dispute with Washington which
Read More