Tag Archives: China

As tensions continue to flare between the U.S. and China amid further trade war competitiveness, Ripple CEO Brad Garlinghouse has pitted the two superpowers against each other yet again, suggesting that America is falling behind China on crypto innovation. A ‘Call to Action’ China’s work on its central bank digital currency (CBDC) has stepped up in recent months. The project, which has been in production since 2014, is inching ever closer to realization, and it has some critics concerned...

According to Binance CEO Changpeng Zhao, investors in China can now purchase cryptocurrencies like bitcoin using local payment processors like AliPay and WeChant through Binance. The confirmation of AliPay and WeChat integration by Zhao comes a month after the announcement of Yi He, the co-founder of Binance, of a fiat-to-crypto over-the-counter trading platform launch in China. The addition of AliPay and WeChat options comes in conjunction with the launch of Binance’s P2P trading...

There’s no denying that bitcoin has great promise. Since it first emerged on the financial plane roughly ten years ago, the currency has come a long way and is changing the world of monetary trading as we know it.Bitcoin and Its Carbon EmissionsUnfortunately, not everyone is convinced that it has something to offer. One of the big problems with bitcoin that continually gets in the way is its carbon footprint, which according to some analysts is bigger than one might expect. In the past, it’s...

Amid the escalating chaos of the anti-government protests in Hong Kong, bitcoin’s trading volume has hit an all-time high on peer to peer exchange, LocalBitcoins. Residents of Hong Kong are still staggering from what was an exceptionally violent week of protests. The outrage over the now- withdrawn extradition bill has boiled over into issues such as income disparity, and democratic prerogative. Yesterday, the protests reached a fever pitch, as police switched rubber bottles in exchange for...

When will people learn that they shouldn’t be “mining on the job?” Unless you’re employed as a bitcoin miner, you should wait until you’re on your own time to engage in such activity.Mining Can Be a Tricky – and Sometimes Illegal – BusinessThat’s what one Russian engineer is learning this week. Denis Baykov, a worker at the Federal Nuclear Center in Sarov, has been fined roughly 450,000 rubles (about $7,000 USD) for utilizing a supercomputer inside the nuclear facility in which he works to...

The People’s Bank of China (PBOC) has no timetable on when it will launch its digital currency. This is according to the bank’s governor, Yi Gang, who revealed that the bank was taking its time to research, test, evaluate, and prevent related-risks before releasing the digital currency to the public. First reported by The Global Times, an English daily under the state-run People's Daily, the statement effectively stamps out rumors of China hastening the launch of its digital currency ahead...

Seit Anfang 2019 ist ein Anstieg des Suchbegriffs Bitcoin in den großen chinesischen Suchmaschinen zu verzeichnen. So stieg auch der Kurs der Bitcoin seit Januar 2019 von 3’736 auf 10’000 US-Dollar. Chinese interest in bitcoin has been on the rise in 2019 (as measured by Baidu searches) pic.twitter.com/qWQDXjAWZT — Alex Krüger (@krugermacro) September 20, 2019 Bei eskalierenden Spannungen zwischen China und den USA und gefährdeten Handesabkommen, erhöht sich die Abfrage...

Bit Farms, a cryptocurrency mining company stationed in Canada, has bought more than 2,000 new A10 Avalon mining machines to improve its mining capabilities. Bit Farms Is Moving Up the Mining RanksCanada has proven to be very attractive to foreign crypto miners, who see the company as a prime haven thanks, in part, to its low energy costs and vast open spaces – perfect for building new mining businesses. At press time, the bitcoin hash rate is breaking all sorts of records, which means that...

North Korea is developing its own national digital currency. The trend follows a long list of other countries, predominantly in Asia and the Middle East such as Iran and China and is likely an attempt to thwart present U.S. sanctions. North Korea and Crypto: A Scary Mix?It’s hard to know how to feel about news like this. On the one hand, any national venture involving digital assets is likely to propel the industry forward, but at the same time, what does North Korea plan to do with this...

Governments around the world went on high alert after American social media giant Facebook announced a permissioned blockchain digital currency, named Libra. Unsurprisingly, the prospect of a privately-backed alternative digital currency didn't exactly excite financial regulators in North America, Europe, and Asia. Here are the four countries that really don't like Facebook's Libra. France Is Not a Fan of Libra France has, perhaps, been the most vocal opponent of Facebook's...