Cryptocurrency Analysis and News Portal
Last week, Chinese President Xi Jinping made several positive remarks regarding blockchain adoption, which sent the share prices of various blockchain-related firms to higher levels. The comments from the Chinese leader also skyrocketed Bitcoin(BTC)trade, resulting in last week’s rally that the crypto market witnessed.However, the Chinese state newspaper the People’s
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The Guangzhou government has announced a $140 million subsidy fund to encourage the development of blockchain initiatives.The local authorities are reportedly planning to spend 1 billion yuan ($141 million) to selectively sponsor two blockchain-related projects per year, according to a tweet of a senior exec at crypto investment holding
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“…But it could also bring a lot of illegal cross-border financial activities. This should be a matter of great concern to all countries, especially emerging markets.” Sun TianqiSpeaking on the Bund Summit in China’s commercial hub, the chief accountant of China’s State Administrator of Foreign Exchange (SAFE), Sun Tianqi, urged
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Chinese Bitcoin Miner Canaan, Inc. has filed for a $400-million initial public offering (IPO) in the United States. The company is yet to disclose the number of shares and the price tag of the offering.In its filing with the U.S. Securities and Exchange Commission (SEC), the world’s second-largest Bitcoin mining
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The Beijing-based cryptocurrency mining manufacturing company, Bitmain, has undergone corporate reshuffling as the co-founder and executive director Micree Ketuan Zhan has been removed. The information was released by an internal email sent to the staff and reported on the Chinese media.Chinese news outlets report that another co-founder of the company,
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Chinese cryptocurrency mining giant Canaan Creative has filed to be a publicly-traded company in the United States. On Oct. 28, Canaan Creative filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC) to raise $400 million, while planning to be listed on the Nasdaq under
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Chinese President Xi Jinping announced support for blockchain last Thursday. The news was welcomed by the crypto community as Chinese altcoins such as NEO, TRON and Qtum skyrocketed over the weekend. Analysts believe that there’s more to the hype and speculation that powered the move of Chinese coins in their USD and
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I guess we can all agree that it was a good Friday for the global crypto community this week. The prices of the top crypto coins saw a huge spike in just a few minutes on Friday, October 25, with Bitcoin(BTC)trade climbing all the way up to a little over
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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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Facebook CEO Mark Zuckerberg testified before the United States House of Representatives Financial Services Committee today regarding the Libra stablecoin project.Facebook’s Libra vs. China’s digital renminbiDuring the much-anticipated hearings before Congress on Oct. 23, lawmakers and the CEO discussed the growing competition with China on the economic and geopolitical
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