Chinese Miners Exiled to Russia, Kyrgyzstan, Mongolia, Anywhere with Cheap Electricity

Aug 16, 2018

China, a good fit for cryptocurrency mining with cheap electricity and land available in remote areas, is now doing its best to drive cryptocurrency out of its territory after escalated government crackdown on cryptos and mining since last September. It is no longer the best place to mine. As...

18,000 Victims Lost 170 Million Yuan on Scamcoin Pyramid Scheme

Jul 31, 2018

Fraudulent schemes always take advantage of newly-emerged stuff to catch their next wave of prey. Recently, another pyramid scheme under the camouflage of cryptocurrency was busted in China. The scam project named “Zhaoyun gold ('兆云金' in Chinese)” swindled over 170 million yuan ($25 milli...

Vitalik On ETFs, Crypto Adoption

Jul 31, 2018

Ethereum’s co-founder, Vitalik Buterin, has shared his view on the too-much emphasis being placed on the actualization of an Exchange Traded Fund (ETF) for either Bitcoin, Ethereum or any other cryptocurrency. In a tweet, Buterin notes that enough emphasis should rather be on how to...

23% of HK Citizen Willing to Invest in Cryptocurrency During An Economic Downturn

Jul 30, 2018

According to a survey launched by Hong Kong Blockchain Association (HKBA), nearly half of the participants believe that Hong Kong economy, even the world economy will deteriorate in the following year. Approximately 23% of the participants said they are considering to invest in ‘virtual...

Thai Regulator Opens Digital Asset Licence Application

Jul 26, 2018

Thailand Finance Ministry’s has announced a regulatory framework for digital asset licencing which came into force Tuesday on July 24, and interested parties could apply for licences from the Securities and Exchange Commission (SEC), according to local news outlet Bangkok Post. “Exi...

Samsung Denies Cryptocurrency In-store Purchases in the Baltics

Jul 25, 2018

A rumor spreads over the cryptocurrency world last week circulated that South Korean electronics giant Samsung would had entered a partnership with obscure Lithuanian blockchain startup CopPay and started to offer digital currency payments for their customers in Baltic states. However, i...

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...

Smartphone Maker Xiaomi Denies Cryptocurrency Shares Selling

Jul 7, 2018

Chinese smartphone maker Xiaomi is launching its IPO in Hong Kong. The trading in Xiaomi shares on the Hong Kong stock exchange is expected to commence on 9 July 2018. Recently, Blackmoon, a Cyprus-based crypto company, claimed it offering tokenized shares of Xiaomi. However, Xiaom...

Chinese Angel Investor Plans to Issue ‘Pirate Coin’ within 15 Caribbean Nations

Jul 6, 2018

Xue Manzi, a notable Chinese-American angel investor and online social commentator, revealed that he is working with 15 countries in the Caribbean to launch a “Pirate Coin”, announced at the TokenSky Blockchain Conference 2018 in Tokyo. Xue Manzi, or Charles Xue, has been known ...

China’s Bank Regulator Propose Cryptocurrency Activities Under Regulation

Jun 29, 2018

A working paper recently published by the China Banking Regulatory Commission (CBRC) is dedicated to the legalization and regulatory studies on cryptocurrency-related activities. The paper, titled The Study of Development and Regulations on Distributed Ledger Accounts, Blockchai...