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Category Archives: News

PBOC aims to develop digital currency

Nov 16, 2016

8BTCNews

China's central bank is recruiting blockchain experts to step up efforts to develop an official digital currency. The People's Bank of China's institute of printing science is offering six positions for the design and development of digital currency-related software and hardware framework, a...

The Future of Blockchain Technology: Smart Contracts

Nov 14, 2016

8BTCNews

Despite the raising awareness of bitcoin as a digital currency or even as an alternative investment, the concept of blockchain technology is still unfamiliar by general public. Star Xu, the founder of OkCoin, Songxiu Hua, the president at Bitbank, and Zaiyong Yang, the founder of Beam Ca...

Antshares VM: A Light-Weight Universal Virtual Machine

Nov 14, 2016

8BTCNews

The Leading Chinese Blockchain project Antshares today published the whitepaper of its Virtual Machine, the Antshares VM. The source codes of Antshares VM are also available via GitHub now. The whitepaper introduces a light-weight universal blockchain VM, which can be utilized by ...

Hyperledger’s Next Act: A Blockchain Bridge to China

Nov 10, 2016

8BTCNews

If blockchain is done right, borders will begin to disappear. Immutable, shared ledgers of transactions and goods could come to serve as a reminder that everything we grow, build, buy and sell comes from the same tiny planet. But this future is far from guaranteed, and the various block...

Chinese Investors Turn to Bitcoin Amid Yuan Depreciation

Nov 8, 2016

DianaNgo

The continuous devaluation of the Yuan has increased demand for bitcoin and new asset classes in China. Today, the country counts some 2 million bitcoin users; among them, 80 percent are speculating for short-term profit and about 14 percent are holding long-term, recognizing the value of the di...

Chinese Government Hosts Blockchain Conference

Nov 8, 2016

8BTCNews

The Chinese Government is taking a new look at blockchain technology’s promises. Its new approach became clear this week when it hosted the two-day First World Blockchain Conference in Changsha. And speakers weren’t afraid to use that once-scary B-word: Bitcoin. The conference was ...

OKLink Launches Blockchain Remittance Network in Korea

Nov 7, 2016

8BTCNews

In October 2015 Bitcoin Magazine covered the launch of OKLink , an open digital wallet created by Chinese Bitcoin exchange OKCoin, designed to allow national and digital currencies to instantly transact across borders and currencies, with no fees. "We can hide Bitcoin technology i...

China Sacks Finance Minister Amid Bitcoin Regulation Rumors

Nov 7, 2016

8BTCNews

Big changes are coming the China’s financial ecosystem. A top official has been removed from his seat of power effective immediately. Interestingly enough, the finance minister was an active proponent of economic reforms in the country. China has been suffering from mounting debt, and addressi...