Crypto in China

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...

It sounds like China is really warming up to bitcoin and cryptocurrencies as of late.China: Mixing Things Up Even MoreThe latest price hike for BTC has ultimately come about largely because Chinese president Xi Jinping commented that blockchain technology could bring his country’s infrastructure to new heights. Thus, he’s planning to push blockchain innovation very hard in the future.But prior to these words, it’s known that China hasn’t always been friendly to crypto. For one thing, the...

LVMH, the French multinational luxury goods company and owner of the Louis Vuitton and Givenchy brands, has made an official offer to acquire Tiffany & Co., the popular American luxury jewelry retailer. LVMH hopes to expand its business, by taking a direct dive into the United States markets for luxury fashion items and has chosen to do this through Tifanny.According to a Bloomberg report, LVMH is offering $14.5 billion for the acquisition which was noted by certain people who are privy...

Lesser-known cryptocurrency NEO surged more than 35% on Sunday. The sudden move launched the NEO price to nearly $12, even as the wider crypto market cooled off from its recent rally. Let’s examine the factors behind NEO’s breakneck recovery. In the wake of a historic cryptocurrency market resurgence, NEO has suddenly sprung to life, securing an impressive 35% single-day rally. What’s driving that rapid upswing? Bitcoin Jolts the Crypto Market Back to Life The crypto markets boomed...

The bitcoin price zoomed higher on Friday, reversing its punishing losses from earlier in the week. Following a 14% rally, BTC now boasts a market cap of more than $150 billion. Some observers have connected the move to Chinese President Xi Jinping’s recent comments on blockchain. Despite a wave of bearish calls on social media in recent weeks, the bitcoin price is bucking the trend on Friday. The flagship cryptocurrency has skyrocketed back above $8,000 to set a two-week high at...