China to Launch Nationwide Blockchain Service Network Supported by China UnionPay and China Mobile

Oct 16, 2019

On October 15, China State Information Center, China Mobile Communications Group (CMCC) and China UnionPay have jointly announced the formal test of blockchain service network (BSN). BSN is a nationwide blockchain service infrastructure platform featuring cross-public netwo...

Survey: 8% of Chinese College Students Are Holding Cryptocurrencies

Oct 12, 2019

Recent survey findings show that 8 per cent of Chinese college students is holding cryptocurrencies and that 26.7 per cent would choose to work in blockchain after graduation. The survey, conducted by local crypto media outlet PANews, found that students majoring in economics, management an...

Chinese Payment Giant Alipay Reiterates Ban On Bitcoin-related Trades in Response to Binance’s New P2P Feature

Oct 11, 2019

Chinese payment giant Alipay has reiterated its anti-crypto stance on Oct. 10 saying it bans all crypto-related transactions. The move comes on the heels of a high-profile announcement from Chaopeng Zhao, CEO of leading crypto exchange Binance, claiming that the exchange accepts fiat th...

Chinese Bitcoin Miner Maker Canaan Will be Listed in U.S. This November

Oct 10, 2019

Canaan Creative, one of the world’s largest bitcoin mining machine manufacturers, will be listed in the U.S. in mid-November, people with knowledge of the matter disclosed. According to the source, the AvalonMiner producer, with a valuation of $1.5 billion, is planning to issue 1.26 bi...

Bitmain, Canaan Launch 70T Cryptocurrency Miners, Prepared for the Upcoming Bitcoin Halving

Oct 10, 2019

On Oct.9, the China-based crypto mining giant Bitmain launched its two latest Antminer 17 models to the eager market. On the very same day, another leading ASIC producer Canaan also rolled out its next-gen bitcoin miner A11 series. Both new mining rigs from the top two bitcoin miner ...

Crypto Exchange Binance Launches P2P Trading for Chinese Yuan

Oct 9, 2019

Cryptocurrency exchange Binance has enabled P2P trading functionality with BTC, ETH and USDT available for trading against CNY (Chinese Yuan) on Oct. 9. According to its announcement, Android users that have Binance accounts registered for over 30 days now can have access t...

Over 600 Crypto Funds: U.S. Takes Half, China the Second

Sep 30, 2019

Bitcoin and cryptocurrencies exploded into the public consciousness in late 2017 as the year-long rally saw bitcoin price pump from below $1,000 to almost $20,000 at year-end. With rising prices and rising public awareness, there were over 200 crypto funds launched in 2017, more than triple the nu...

Bitcoin Plunged Below $8,000 for First Time since June, Where Will It Go

Sep 25, 2019

On the early morning of September 25, the price of bitcoin plunged nearly $2,000 from its long-standing support around $10,000 in just over an hour, hitting an intraday low of around $7,700, its lowest level since mid-June. Led by the plunge of bitcoin, mainstream cryptocurrencies also suffer...

MicroBT: 200,000 WhatsMiner will have been Delivered by the End of This Month

Sep 24, 2019

MicroBT, the maker of WhatsMiner bitcoin mining hardware, said it would have 200,000 units of M20 series models delivered by the end of this month. Yang Zuoxing, founder and CEO of the China-based bitcoin mining hardware manufacturer, said at the New Era Mining Summit on Sunday t...

4.3 Million Bitcoin Mining Equipment in Service, Bitcoin Hashrate to Hit 120E by Year End

Sep 23, 2019

The bitcoin network currently has a whopping of 4.3 million mining machines run on it, yet the market is still seeing an increasing level of buying interest with 1.5 million mining equipment in want, according to Innosilicon, a China-based leading ASIC miner manufacturer. The surge in bit...