Crypto in China

Over the last few months, the rising tensions due to the escalating U.S.-China trade war has left global investors in worry. Several analysts have also raised fears of possible recession by the next year.However, some of the indicators still suggest that the U.S. stock market is all poised for a massive rally before the end of 2019. In its latest article, CCN mentions some of the strong indicators that can support the market rally ahead. Some of the powerful indicators include “positive...

A question is ringing through the minds of both the general public and regulators: Should the Fed develop a national cryptocurrency?What Could the Fed Do to Improve Things?We’ve discussed China’s plans to develop a state-issued cryptocurrency – likely a digital yuan – as a means of stabilizing its economy, monitoring people’s transaction histories and competing with the likes of Facebook’s Libra. Recently, Live Bitcoin News covered a new law passed in China that permits the digital yuan to...

China is moving quickly to ensure it’s ahead of the curb when it comes to blockchain innovation.China Is Pushing Its Blockchain Agenda ForwardThe country has recently implemented a new law that will promote blockchain as a means of heightening and expanding the nation’s infrastructure. The law will also permit the country to unveil its new digital yuan currency designed to compete with the likes of Libra.There is both a good side and a bad side to this situation. First off, the addition of a...

A Russian company has decided to turn an aluminum plant into a crypto mining facility. The facility plans to take on China’s supremacy in bitcoin mining. If bitcoin manages to trade around $9,160, the Russian company estimates profits of up to $99 million per month. The cryptocurrency industry is having an exciting month as governments and private entities make announcements that contribute to the growth of the field. First, it was reported that billionaire Peter Thiel along with...

Blockchain business begins to boom in China. Bitcoin runs off the back of blockchain adoption, creating a vast grey area in the country. Provinces all over China start to heed President Xi’s call to action. Thanks to a reinvigorated stance on blockchain from China’s Premier, Xi Jinping, China may be on the brink of an entirely new crypto craze. Xi Pumps Blockchain Last week Xi shocked the cryptocurrency world by throwing the insurmountable force of China behind bitcoin’s underlying tech....

Canaan Creative – the second-largest developer and distributor of bitcoin mining equipment – has filed for a public listing on the Nasdaq. The company is hosting a $400 million initial public offering (IPO) to potentially pay off debts and fund both blockchain artificial intelligence (AI) research.Canaan Creative Is Rushing to the GoalCanaan is among the largest companies developing bitcoin miners, and is second only to Bitmain, which like Canaan, is stationed in China. As it stands, both...

Authoritarian China has unironically banned criticism of blockchain technology. The move comes after President Xi Jinping publicly called for more blockchain research. The crypto industry remains divided about China’s sudden pivot. In one of the biggest U-turns in crypto history, China professed its love for blockchain. Now, the nation is going as far as to penalize anyone who dares oppose it. Chinese President  Xi Jinping recently rocked the crypto industry with a speech exalting...

Das letzte Wochenende kann für Bitcoin als eines der besten des Jahres betrachtet werden. Ende Juni bewegte sich der BTC-Kurs das letzte Mal so stark und stieg auf einen Höchststand des Jahres 2019 von 11’000 US-Dollar. Bei einem solchen Kursverlauf würde nicht mehr viel an Bewegung der gleichen Grössenordnung fehlen, um die 50’000 US-Dollar zu erreichen. 2’000 USD in zwei Tagen für den BTC-Kursverlauf Bitcoin holte am Wochenende alle Verluste des letzten Monats wieder auf....

Made in China ???Bitcoin-Preis explodiert, nachdem chinesischer Präsident sich positiv zur Blockchain äußert Am vergangenen Freitag stieg der Bitcoin-Kurs auf fast 9.500 Euro. Viele Experten gehen davon aus, dass der Preisanstieg auf Nachrichten aus China zurückzuführen ist. Chinas Präsident Xi Jinping forderte das Land auf, die Einführung der Blockchain-Technologie zu...

China’s Center for Information and Industry Development released its latest Global Blockchain Technology Assesment Index report. EOS ranks first, followed by TRON and Ethereum. XEM and GXChain removed from the CCID’s crypto raking index. China’s Center for Information and Industry Development (CCID) published a new list of its crypto ranking index. The move comes after President Xi Jinping’s announced a plan to embrace blockchain technology. China’s Crypto Rankings CCID is a research...