Friday , March 29 2024
Home / Crypto in China (page 27)

Crypto in China

Wird Kasachstan das neue Bitcoin Mining Paradies?

Bitcoin Mining Rechenpower: Kasachstan schliesst zu China, Russland und USA auf. Im Jahr 2018 waren die weltweiten Nachrichten von der Kryptowährung Bitcoin geprägt. Rasante Kursanstiege sorgten für Aufsehen und immer mehr Anleger interessierten sich für die Kryptowährung. Anders als bei herkömmlichen Währungen, bei denen offizielle Notenbanken Geld mit speziellen Maschinen...

Read More »

Chainlink (LINK) Marks New ATH Following China’s Blockchain Service Network Launch

Chainlink continues with its impressive price performance after reaching a new all-time high today. Interestingly, the latest surge coincided with the launch of China’s Blockchain Service Network, which integrated Chainlink’s price oracles into its ecosystem.China’s BSN LaunchesAs CryptoPotato reported in March this year, the world’s most populated country planned to introduce a DLT-based platform called the Blockchain Service Network (BSN). It allows the development of applications, smart...

Read More »

US The Country With Most Blockchain-Related Patents, Alibaba Is The Leading Company

Blockchain utilization is continuously rising in various countries across the world, a recent report revealed. It outlined that US-based companies have been awarded the most substantial number of patents for blockchain endeavors, but the Chinese multinational giant Alibaba is the single entity to receive the most.Blockchain Patents Across The MapThe report from the China Patent Protection Association (CPPA) examined data from 2014 to the middle of 2020 regarding the number of blockchain...

Read More »

Bitcoin Solves This: $2.8 Billion Worth of Gold Counterfeited by Chinese Company from Wuhan

If you thought that the city of Wuhan was done for 2020, well, think again. Reports have it that at least some of 83 tons of gold bars, used as collateral for loans, turned out to be gilded copper. For more than five years, Wuhan Kingold Jewelry has been getting gold-collateralized loans worth over 20 billion yuan ($2.8 billion) with the fake bars. 83 Tons of Fake Gold Bars According to a report by ZeroHedge, Wuhan Kingold Jewelry Inc., a company founded and operated in Wuhan, China, has...

Read More »

Core Scientific Purchases 17,000 Antminers from Chinese Mining Firm

It looks like North America is about to become a major player in the bitcoin mining sector thanks to companies like Core Scientific.Core Scientific Is Paving the WayThe enterprise has recently inked a deal with a mining equipment venture in Malaysia to purchase more than 17,500 Antminer machines from Bitmain. The company has already gotten its hands on some of these machines and have installed them so that miners can begin extracting new coins. The rest of the machines are slated to arrive by...

Read More »

Report: China Prefers EOS and TRON to Bitcoin

Well, here’s something you don’t see every day. Bitcoin outranked by another coin… You may not believe it, but in China, that appears to be the case.China Isn’t Too Crazy About BitcoinChina has put out a list of its top digital currencies. It’s strange considering how strong of a presence bitcoin holds in the country, but according to the Center for Information and Industry Development (CCID) of China, bitcoin is only the 12th best coin available to traders. This is in sharp contrast to many...

Read More »

Deloitte Survey: Almost Twice as Many Companies Use Blockchain Compared to Last Year

More companies are utilizing blockchain, reveals a recent study compiled by the multinational professional service network Deloitte.Interestingly, the Asia-Pacific region appears to be leading on the matter with the most use cases employing the distributed ledger technology (DLT).Blockchain MaturesDeloitte surveyed nearly 1,500 senior executives and practitioners from large companies from 14 countries, including Canada, the UK, the US, Singapore, Israel, China, and Germany. In its third...

Read More »

President Trump Told Secretary Mnuchin To Go After Bitcoin in 2018, Bolton’s Book Reportedly Reads

President Donald Trump has urged Treasury Secretary Steven Mnuchin to “go after Bitcoin” as early as mid-2018 amid the ongoing trade war with China, according to an unpublished book written by his former national security advisor John Bolton.Trump Against BitcoinPresident Trump has not been supportive of any cryptocurrency as he pointed out himself in July 2019:“I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air....

Read More »

Bank Of Korea Will Examine Central Bank Digital Currencies Closer

Despite the lacking demand as of yet, the Bank of Korea (BOK) has set up a legal advisory group to review any legal issues before possibly launching a central bank digital currency (CBDC) in the future.BOK To Review Legal Matters Around CBDCAccording to a local report from today, South Korea’s central bank has established a group consisting of a six-member panel. Among those are law professors and legal practitioners, including lawyers and BOK’s legal policy office. They will provide...

Read More »

Bitcoin Mining Questions Reportedly Included in Chinese National College Exams

Chinese national college exams have reportedly included questions about cryptocurrencies in one of the test papers. About ten thousand applicants have to answer a question concerning Bitcoin mining in July this year.“Why Bitcoin Miners Would Cluster In The Province Of Sichuan?”As announced, the question looks for an analysis of the economic geography in Sichuan province and how it reflects on the Bitcoin mining industry in the region. This year’s national college tests’ edition, known as...

Read More »