Cryptocurrency Analysis and News Portal
A survey of 350 Chinese companies revealed that Blockchan’s pre-COVID-19 corporate bullishness remains alive in the region.According to Xinhua, the study, called “Blockchain in the Post-epidemic Age,” showed that 70% of the companies surveyed before the coronavirus outbreak remain optimistic about the potential of Blockchain technology. Up to 20% believe
Read More
Chinese local governments are facing difficulties when implementing blockchain applications due to stakeholders unwillingness to share privately owned data, according to a local report on June 10.Data is kingAccording to the investigation, there are more than 30 related local governments procuring blockchain technology. Their aim is to leverage blockchain to
Read More
Around 4,000 Chinese bank accounts of cryptocurrency traders have reportedly been frozen by local law enforcement.According to a June 8 report by 8BTC, police froze the bank accounts of thousands of over-the-counter (OTC) traders from the Chinese province of Guangdong.This purportedly comes as part of a wider investigation into illegal
Read More
[sociallocker id="55298"] China Zheshang Bank, a national commercial bank, used blockchain technology to issue an asset-backed commercial paper, or ABCP. It was issued as a part of the National Association of Financial Market Institutional Investors’s (NAFMII) pilot project for ABCPs.An asset-backed commercial paper is a short-term investment issued by financial
Read More
[sociallocker id="55298"] Local media outlets are reporting that a blockchain-powered pilot program will provide a wide range of notary services in Suzhou, China.According to China Quality News, authorities of Suzhou announced on June 5 that this program aims to help millions of citizens access legal and government offices via the
Read More
[sociallocker id="55298"] The former vice president of the People’s Bank of China, or PBoC, Wu Xiaoling, praised what she calls a “commercial success” for Bitcoin (BTC) on June 5. These kind words come despite a number of vital weaknesses left to address.According to local Chinese outlet, Sina, Wu stated in
Read More
[sociallocker id="55298"] Chinese law enforcement discovered a Bitcoin (BTC) mining operation in what appeared to be multiple underground burial sites.Local English-language news outlet Beijing News reported on May 31 that law enforcement found an illicit mining operation in the northern Chinese city of Daqing. More precisely, the mining operation was
Read More
China’s biggest port operator, China Merchants Port, reached a deal on May 28 with the e-commerce giant, Alibaba Group, and its affiliate, Ant Financial. This deal will allow for the development of a blockchain-based platform, which will target a number of different use cases.According to local media, the platform will
Read More
While Donald Trump’s most recent threat has ramped up tension between the U.S. and China, it’s unlikely to happen. Delisting Chinese securities would hurt U.S. markets. There’s an easy out for both sides, making this threat an opportunity for investors. Tensions between the U.S. and China have reached a
Read More
Last year, one of the biggest narratives in the Bitcoin market was that tensions between China and the U.S. — which culminated in a massive trade war — was pushing cryptocurrencies higher.Whenever President Donald Trump tweeted about U.S. relations with China, BTC responded, both rising and falling with the geopolitical
Read More