Many are pinning their hopes on next year’s bitcoin halving as the catalyst for another bull rally. There may be wider issues at large though, especially with regards to bitcoin mining. Bitcoin Halving 141 Days Away The countdown continues to bitcoin’s halving which has now been estimated on May 14, 2020. The widely anticipated event...Read More
In this roundup, we cover a wide range of regulatory developments in the crypto space. Much has transpired in the U.S., including a new crypto bill, SEC’s proposal, lawmakers seeking answers from the IRS, and the state of Michigan signing several crypto bills into law. We also cover France’s first-approved initial coin offering, a proposal...Read More
According to recent information, China’s e-yuan will roll out in early 2020, and it will be very cautious, initially only focusing on consumer spending. Recent reports regarding China’s upcoming cryptocurrency claim that Beijing is preparing to launch the so-called ‘e-yuan’ in early 2020. This will be the world’s first digital sovereign currency. However, the reports...Read More
According to recent statements by People’s Bank of China (PBOC) official Mu Changchun, the country’s digital yuan is ready for trials. The central bank digital currency (CBDC) will decidedly not be a speculative asset like bitcoin or stablecoins, and will not need a currency basket for backing, Changchun affirmed. Reactions to the announcement are varied,...Read More
China is known to sponsor several hacking collectives. APT20 a very active community of criminals, wasn’t officially linked to any country, until now. New research by Fox-IT seems to indicate APT20 is working on behalf of the Chinese government. APT20 may be a Government Initiative More specifically, the security agency looked at victims across different...Read More
12 months ago, crypto derivatives platform Bybit officially launched. The Singapore exchange, which also has offices in Hong Kong and Taiwan, has enjoyed a fruitful first year, attracting users from North America, Europe, Russia and Asia. With products including BTC, ETH, XRP and EOS perpetual contracts, and a matching engine capable of handling 100,000 tps,...Read More
According to recent estimates, bitcoin mining in 2020 is expected to take off at an explosive pace. Miners are predicted to mine around $3 billion worth of BTC as per the coin’s current price. Bitcoin mining has always been a crucial part of the BTC network. Mining involves validating transactions, adding blocks to the blockchain,...Read More
Authorities in Shenzhen have started pressuring crypto businesses operating in China’s tech capital. Eight companies, two suspected operators of trading platforms, and six entities allegedly associated with coin offerings, have been placed under inquiry, Chinese media revealed, with authorities reportedly questioning their representatives at a meeting hosted by Shenzhen Financial Regulatory Bureau. Also read: Crypto...Read More
Billionaire Tim Draper recently spoke about emerging technologies, especially blockchain and crypto, revealing what he expects will come in years to come. The year 2019 is at its end, and the next decade is ready to begin. However, while the new decade means a new beginning for a lot of people, it also means a...Read More
China’s Hengfeng Bank is set to get a $14.2 billion bailout from both Chinese government and foreign investors. An emergency decree has been approved to bail out southern Italy’s biggest lender, Banca Popular di Bari. Germany continues to struggle with bailout pains, as regional bank Nordlb finds itself now depending on another capital injection. None...Read More
The state of the blockchain space in November shows long-running trends establishing themselves. Bitcoin (BTC) was still the leader in multiple metrics, and China was the focus as activity flowed to local markets, shows the latest Longhash report. China Emerges as Leader in Trading Activity November’s Blockchain Data Report focused on China, basing its conclusions...Read More
Beijing’s sudden rush into blockchain development and digital currency hasn’t gone unnoticed. From America to Europe and back to Asia, governments have started thinking about this new racetrack in more serious terms. India has a history of tensions with China, although the countries have a lot in common as well. The two regional rivals share...Read More
In this regulatory roundup, we cover a positive crypto story in India, China’s year-end rankings, and the European Central Bank entering the stablecoin race. We also cover the New York regulator’s proposed Bitlicense revision — the first in five years — and several other notable regulatory developments in the crypto space. Also read: Regulatory Roundup...Read More
China is the clear blockchain tech leader at the moment and the US is in danger of missing out entirely if it doesn’t even get off the starting line. China Leading the Way There have been no mistaking China’s intentions when it comes to blockchain technology. President Xi Jinping’s public endorsement of digital ledgers sent...Read More
The South Korean central bank is the latest in the list of national banks to reveal its intentions towards central bank crypto (CBDC). South Korea Joins Crypto Research Race According to local media, the Bank of Korea has begun hiring crypto-asset experts signaling that the central bank may begin developing its own CBDC. It added...Read More
As the end of 2019 approaches, Coinshares Research has published its bi-annual mining report that contains informative research and observations about the bitcoin mining industry. Since Coinshare’s last report published in June, BTC’s hashrate grew by 50 exahash per second (EH/s) and the firm believes a decent portion of the power stems from China. Also...Read More
The popular Chinese social platform, Weibo, had reportedly closed Justin Sun’s account. Tron’s Founder and CEO is one of the most influential people within the cryptocurrency community, and the closure of his account could be regarded as a continuation in China’s negative views on cryptocurrencies. Weibo Closes Sun’s Account Weibo, the famous Chinese social network,...Read More
Chinese Bitcoin miners have extended their share of the global hash rate. Currently, they control two-thirds of Bitcoin’s processing power, Reuters reported yesterday, citing a research by CoinShares. Chinese Share of Bitcoin Hashrate Highest Since At Least 2017 Currently, Chinese miners control 66% of Bitcoin hashrate. The indicator refers to the Bitcoin-related computing power that...Read More
China has been confronted with multiple economic and financial problems this year amidst an ongoing trade war with the United States. Authorities in Beijing have been trying to overcome the challenges with administrative measures in what has become a market economy over the years. And it’s backfiring. Inflation of the yuan just rose to its...Read More
New research shows that China’s dominance of the total Bitcoin hash rate continues to grow. The nation reportedly now accounts for around 66 percent of all the computing power supporting the Bitcoin network at present.China has historically been the leader in global Bitcoin mining. However, with large mining operations coming online in the US and...Read More
BC: With over 2 million users in 170 countries, the BRD wallet is well-trusted for its open source, non-custodial and secure design, with many also complimenting the user-friendly interface. Is the key to onboarding in your opinion a combo of privacy and ease of use? AT: Nearly 3 million users now. The key to successful...Read More
Digital currency prices have slumped again as the entire crypto market capitalization has dropped below $200 billion. At press time, most of the top digital assets are down a few percentages after gathering some gains over the last few days. With multiple coins getting rejected after trying to surpass upper resistance, skeptics think crypto prices...Read More
The concern that the U.S.-China Trade War would drag until next year is affecting world stock prices. The U.S. crude oil prices fell on Wednesday as the inventory rose to a surprising level. Although The American Petroleum Institute (API) estimated the rise in inventory by 1.41 million barrels; but the actual crude inventory rose by...Read More
China’s Center for Information and Industry Development has published its year-end crypto project rankings. Thirty-five projects were evaluated and ranked overall as well as in three separate categories. Bitcoin has risen in ranking while EOS remains China’s favorite. Also read: China Ranks 35 Crypto Projects as President Xi Pushes Blockchain Year-End Crypto Rankings The Center...Read More
The People’s Bank of China has collaborated with four major state-owned commercial banks, the three major telecom operators, Huawei to test its digital Yuan. The PBOC will test this digital currency in two cities in the initial phase. The cities being Shenzhen and Suzhou. As per the report, PBOC is inviting partners to strategize the...Read More
China remains a very mysterious nation in many different ways. The country is keen on blockchain technology, and the People’s Bank of China is taking things one step further. Earlier this week, the PBoC began issuing financial bonds over the blockchain to small businesses. China’s Blockchain Venture Continues These bonds will serve as SMB loans,...Read More
An art lover who paid $120,000 for an installation of an over-ripe banana duct-taped to a wall, had his investment eaten by a performance artist. One hopes that if he has that much money to ‘waste’ on what is now just a banana skin with some tape stuck to it, he’s already filled his bags with...Read More
NEO has surged 100% over the past few weeks. The bullish sentiment behind this cryptocurrency rally seems to be related to China’s decision to embrace blockchain technology. One trader says NEO may have a bright forecast. NEO, one of China’s most prominent blockchain projects, has been on a roll since Chinese President Xi Jinping announced...Read More
Chinese State Media Praise Bitcoin as a “Successful Application of Blockchain” Blockchain fever overruns the people’s republic Bitcoin propaganda comes as China preps to launch digital currency in 2020 China has taken yet another step towards fully embracing Bitcoin, calling it “The First successful application of blockchain technology.” The entirety of the people’s republic has...Read More
China’s central bank, the People’s Bank of China (PBoC), has said that it will certify 11 different types of financial technology (Fintech) hardware and software that are regularly being used for online payment and blockchain-related services with its new verification system, the Certification of Fintech Products. The PBoC introduced the initial list of Fintech products...Read More
