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Category Archives: News

Alibaba to Possibly Use Blockchain Tech for Alipay Service

Feb 6, 2016


Several posts on Chinese Bitcoin news sites like Coin News Asia are reporting that online sales giant Alibaba is working on possibly using blockchain tech for their Alipay service. It was first talked about on on Jan 20th amid speculation as to what uses Alibaba and Alipay mi...

BTCC Deploys 100 Full Bitcoin Nodes Across Five Continents

Dec 25, 2015


BTCC today deployed 100 full bitcoin nodes across five continents to support the bitcoin network. Full bitcoin nodes enforce the rules of the bitcoin network by serving a full copy of the bitcoin blockchain and validating blocks and transactions. BTCC is the first bitcoin exchange and fi...

China’s Miners Heat Up Debate at Scaling Bitcoin Hong Kong

Dec 6, 2015


If the goal of the second Scaling Bitcoin conference was to highlight an “emerging consensus” on the challenges facing the bitcoin network, the day’s panels served mostly to highlight the sometimes extreme differences in opinion that remain between key stakeholders in the technology’s open-so...

China now Controls Bitcoin and that’s just the Beginning

Dec 3, 2015


Americans have had it good for a long time. Since the end of WWII, it has been a privilege to be an American. Since the United States took over the Global Reserve Currency from Britain in 1944 at Bretton Woods, life couldn’t be better for an American. When you have a license to pr...

Can blockchain help the cards and payments industry?

Nov 29, 2015


Blockchain has been for many years a synonym for bitcoin. Whenever people talked about blockchain they thought of bitcoin, and vice versa. Things have quickly changed in the past few months as shown by the number of banks racing to harness the power of the blockchain technology, in the belief ...

How to run a Mega-Bitcoin Mine in China ?

Aug 2, 2015


Imagine if you lived life as a one of the four Bitcoin enthusiasts and miners in Northern China. Your government isn’t a big fan of an unsanctioned global currency like Bitcoin seeping into the Chinese market but isn’t standing its way right now. They reserve the right to shut you down at ...

80% of bitcoin is exchanged for Chinese yuan

Mar 10, 2015


In a report out today from Goldman Sachs about the future of money, the bank points out that 80% of bitcoin volume is now exchanged into and out of Chinese yuan. The second-highest trading currency is the US dollar, followed by smaller denominations in yen and euros. The revelation of Ch...