Crypto Trading in China Remains Active After Ban, Firms Offer Exchange Insurance

Sep 11, 2018

According to Shanghai-based cryptocurrency startup InVault CEO Kenneth Xu, crypto trading in China remains active despite the country’s strict ban on digital asset investment. Many investors in mainland are relying on offshore exchanges and operators, most of them based in Hong Kong...

China to Top Global Blockchain Use, Lack of Trust is a Major Barrier – PwC

Aug 28, 2018

Most of the 600 executives who participated in a PwC 2018 survey say their organisations have at least some involvement with blockchain technology. Precisely, 84% of the polled respondents, who are from 15 territories, are actively involved with blockchain though only 15% of such organizations r...

A Glance of Bitcoin Mining Farms Hidden in China’s Sichuan Deep Mountains

Jul 28, 2018

A recent flood in China’s Sichuan has led media and investors in the cryptocurrency sector to overstate its impact on the hashrate of bitcoin. Though analysts have claimed Sichuan floods had little impact on the bitcoin hashrate, floods there have uncovered the hidden bitcoin mining farm...

China In Record First $1.5 bln Blockchain Fund

Jul 24, 2018

Interest in blockchain seems to have gained momentum in China since the Chinese President, Xi Jinping, described the technology as having "breakthrough" applications. The friendliness has yielded yet another result: the capital of Jiangsu province, Nanjing City, announced the launch of a Y...

Crypto As Future Money: Witnesses’ Accounts Before US Reps In Brief

Jul 19, 2018

On Wednesday July 18, four witnesses discussed before the US Subcommittee on Monetary Policy and Trade one-panel hearing on how digital currencies may feature in the future of money. Its chair, Mr. Andy Barr cites the restriction on cryptocurrencies in China and Vietnam, their embrace...

US/China Trade War: Any Effect on Bitcoin, Cryptos?

Jul 13, 2018

The world awaits yet another ruling on an Exchange Traded Fund (ETF) decision which may come earliest by Aug 10 if the Securities and Exchange Commission (SEC) follows the 45-day option. If they use the full 90 days consideration option since the June 26 notice of CBOE filing was...

Despite Odds, Experts Talk Of A $20,000 Bitcoin Price In Six Months

Jul 9, 2018

The cryptomarket cannot be said to have overcome its bearish trend and the space is still reeling in the unfortunate claim by Chinese billionaire, Li Xiaolai, that some big names in China’s cryptocurrency space are scammers. However, two market experts have maintained their reasons for Bitco...

PBoC Has Filed 81 Blockchain-related Patent Applications

Jun 5, 2018

As of May 30, 2018, PBoC (People’s Bank of China) has filed 81 blockchain-related patent applications, according to data from patent database of State Intellectual Property Office. Cryptocurrency and its underpinning blockchain technology have attracted tremendous attention from ...

Search Giant Baidu Unveil Super Chain Compatible With The System of Bitcoin and Ethereum

Jun 4, 2018

China’s search giant Baidu has announced its big move on blockchain solutions – Super Chain, a protocol compatible with the development system of bitcoin and Ethereum, and aims at reducing mining energy consumption. The chief scientist at Baidu’s blockchain division Xiao Wei revealed...

Why China Could Be ‘Over-Protective’ of Digital Economy

Sep 8, 2017

A new report by the McKinsey Global Institute (MGI) seems to lay bare the rationale behind China’s overprotection of its digital economy especially as the Asian giant has demonstrated with cryptocurrencies. Globally, many cryptocurrency users tend to see some of the several checks and...