China Encourages Citizens To Embrace Blockchain But Ignore Crypto

Dec 3, 2020

In an article that was recently published on the Chinese state media Xinhuanet, citizens of the country and other inhabitants have been discouraged from taking part in cryptocurrency activities. Emphasis on this advice was pegged on the current surge that Bitcoin price is experiencing, since it...

Despite Crackdowns, Cryptocurrency Projects Still Look Towards China

Nov 23, 2020

The clampdown on cryptocurrency related businesses in China has continued for a couple of years already. The recent reports of cryptocurrency miners having their cards frozen, and the OKEx crackdown are just two of similar incidents that have become common within the borders of China. As ...

China Crypto Roundup (Sept 7- Sept 14): ETH Withdrawal Frenzy in China as DEX Mining Runs Rampant, Bitcoin Miners in Short Supply in China, China’s BSN in Line With Open Finance Concept

Sep 14, 2020

The top stories from the Chinese cryptocurrency sphere this past week includes: ETH stocks in centralized exchanges are declining rapidly as DEX mining runs rampant, Bitcoin miners in short supply as Chinese manufacturers’ capacity inadequate, China’s BSN, digital silk road in line w...

East Asia, China Crucial to Global Cryptocurrency Economy

Aug 21, 2020

Despite a dwindling share of global cryptocurrency activity over the last 12 months, East Asia - led by China - remains the world’s largest cryptocurrency market by transaction volume, a latest Chainalysis preview of its Geography of Cryptocurrency Report has hinted. The research firm also...

Hurun Report: 11 Blockchain Unicorns, Bitmain the Biggest Loser

Aug 4, 2020

The number of blockchain unicorns this year seems to fail to swell higher from last year as most industry watchers expect, according to the Hurun Global Unicorn Index 2020. Research firm Hurun published its second-year list of global unicorns for 2020 on Tuesday August 4, ranking the wor...

China Crypto Roundup (July 14 – 27): Cryptocurrency Property Rights Strengthened, PBoC Issues Standards for Blockchain Apps, Alibaba Launches AntChain

Jul 27, 2020

The top stories from the Chinese cryptocurrency sphere this past week includes: China’s Supreme Court recommends strengthening cryptocurrency property rights; China’s central bank issues new standards for blockchain fintech applications; Alibaba launched Antchain blockchain solution… C...

China Crypto Roundup (July 7-13): Didi to Pilot DCEP, 45,000 Blockchain Companies in China, $15 Million Crypto Scam Busted

Jul 13, 2020

In this past week, China’s CBDC was seen a step closer to real use case as it announced to partner with the country’s largest taxi hailing service provider; blockchain fever in the country continues with over 45,000 blockchain companies registered with local regulator; Canaan may be going t...

China Crypto Roundup (June 29 – July 6): Largest OTC Trader Detained by Police, DeFi Frenzy and More

Jul 7, 2020

In this past week, the Chinese crypto community was shocked by the detention of the country’s largest bitcoin OTC dealer Zhao Dong. Justin Sun warning against a Tron-based DeFi project triggered heated discussions among the crypto community. Blockchain is seeing steady development in t...

Justin Sun Warns Investors against a Tron-based Defi Project after the Latter Allegedly Turned Him Down

Jul 3, 2020

The controversial Tron CEO Justin Sun has recently distanced himself and his company from a Defi project built on Tron called Oikos (OKS) and issued a warning to investors against participating in the project. Sun explained that the Defi project was developed by Tron community...

PayPal Might Be Considering Introducing Direct Crypto Transactions

Jun 24, 2020

The huge success seen by Jack Dorsey’s Cash App has certainly put cryptocurrencies into the minds of other large payment processors, but few seem to be brave enough to dive into the world of digital assets. Bitcoin drove half of the revenue in the fourth quarter of 2019 for Cash App. Th...