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Tag Archives: China

New Law in China Set to Establish the Digital Yuan

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...

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Russian Official to Challenge China’s Bitcoin Mining Supremacy

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...

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Xi’s Throwaway Blockchain Quote is Sparking China’s Crypto Frenzy Again

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....

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Canaan Creative Is Looking to Get Itself Listed on the Nasdaq

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...

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China Unironically Bans Blockchain Slurs as Crypto Launch Looms

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...

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Bitcoin-Analyst: Steigt der Kurs auf 50’000 US-Dollar?

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....

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Bitcoin-Preis explodiert, nachdem chinesischer Präsident sich positiv zur Blockchain äussert

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...

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TRON Ranks #2, Way Ahead of Bitcoin in China’s Latest Crypto Rankings

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...

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China Is Putting Its Money into the New Bit Pie Wallet

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...

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Why NEO Surged 35% While Rest of Crypto Market Took a Snooze

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...

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