CHINA

After Integrating Ethereum, EOS, and NEO, China’s Blockchain Infrastructure Plans to Add Up to 100 Public Chains

Chinese state-backed blockchain project wants to integrate 100 public networks in 2020 In a recent interview with Bloomberg, Red Date Technology CEO Yifan He revealed that China’s Blockchain-based Service Network (or BSN), which he helped to co-found, is planning to integrate up to 100 public networks by the end of this year. Their aim, according […]

China steps up testing to release world’s first sovereign digital currency

How To Choose An ICO To Invest In New ICOs (OTC) Reports that China was launching a pilot program to test its ambitious Digital Currency Electronic Payment made headlines in late April, amid the emergence of screenshots on social media showing the DCEP wallet. As China expands globally, seeking significant financial autonomy and less dependency on […]

Bitcoin Rages Against The Establishment

In true anarchist fashion, recent developments within Bitcoin and cryptocurrencies has proven that Bitcoin really is rising up against the establishment and is giving people access to a brighter and more economically viable future. The truth is, the world is in a bit of a funny place. At the moment, capitalism has caused the banks […]

Hong Kong approves license for city-state’s first crypto-lending platform

Crypto-lending platform PawnHub has become the first company to receive a license from the Government of Hong Kong, a license that will allow the firm to expand its crypto-lending services in the country. Following the receipt of the license, the firm now plans to partner with a leading US-based cryptocurrency custodian in a bid to […]

Countries Where Ethereum is Banned or Legal

If you are looking to buy, sell, or spend Ethereum (ETH), you should first check if Ethereum is legal in your country. Different countries hold different stances on cryptocurrency and their regulations. While some countries’ laws single out Bitcoin, it is still rare to find a jurisdiction which created a different set of rules concerning […]

China to modify its upcoming crypto-yuan for international trade

The former director of the People’s Bank of China (BPC) gave details on the possible uses of the future state crypto-yuan, as reported by Coindesk on 26 November. Xiaochuan Zhou previously headed the central bank of China, which will soon issue its stablecoin. He was speaking at a forum hosted by Caixin media in China. […]

Abandon sinking US dollar ship? Top UK bankster pushes for new ‘synthetic hegemonic currency’

Bank of England head Mark Carney has urged his fellow central bankers to embrace tech like Facebook’s Libra to build a multipolar system, warning against “swapping one currency hegemon for another” – unless it’s their hegemon. Acknowledging that the US dollar’s days as the world reserve currency are numbered, he gushed that “technology has the […]

The United Kingdom are now classifying cryptocurrencies as property under the latest jurisdiction

UK panel has declared cryptocurrencies are a property by a legal panel. Crypto assets with unique characteristics would also be treated as property in the UK. According to The Times report, a legal panel chaired by Sir Geoffrey Vos has made the decision to classify cryptocurrencies as property. The panel ruling declared that digital assets […]

China’s bitcoin miners scoop up two-thirds of crypto-network’s processing power

LONDON – China’s bitcoin miners now control two-thirds of the crypto-network’s processing power, research showed on Wednesday, a growing share that is likely to benefit the country’s miners. Miners in China control 66 percent of the global “hashrate,” a measure of the power of computers hooked up to the bitcoin network that dictates their ability […]

Binance Exchange to Restrict Access to Japan Residents

In a Jan. 15 announcement on Binance’s Japanese support website, the exchange revealed it would restrict access to residents of Japan at an unspecified later date. The restriction is said to be implemented gradually, with details to be revealed later, according to the announcement. Currently, there are no restrictions in place and Japanese users are […]

Russia, China, Iran & Venezuela developing crypto to challenge US financial control – study

A new report by the American Foundation for Defense of Democracies (FDD) says the US’ geopolitical adversaries are deploying blockchain technology to help avoid sanctions and counter US financial power. According to the FDD, with the increase of adoption of cryptocurrencies around the world, efforts are underway to build new systems for transferring value that […]

Security Token Offerings (STOs) Could be Big For Korean Crypto Industry

If 2017 and early 2018 were seen as the year(s) of the ICO then 2019 could well be the year for the STO, security token offering, according to latest research from South Korea. Initial coin offerings were seen as a great way to launch a project by selling tokens for it in cryptocurrency, which was […]

Head of the IMF Suggests Countries Issue Their Own Cryptocurrencies

Christine Lagarde, head of the International Monetary Fund (IMF), said governments should consider a central bank digital currency (CBDCs) to prevent fraud and improve financial services in both developed and developing countries. Lagarde, speaking at the Singapore Fintech Festival this week, said banks should work to create digital cash systems to keep up with private digital finance […]

China’s digital currency to connect Hong Kong, China’s trade finance blockchains

Linking trade finance blockchains China’s trade finance blockchain, also known as the ‘Bay Area Trade Finance Blockchain Platform” (BATFB)’, was built in conjunction with the Digital Currency Institute. As we reported four months ago, it had processed $4.5 billion (30 billion Yuan) and had 28 bank members since its launch in September last year. Now, […]

China at forefront of global blockchain boom

Wealth, talent pour in as strong government support for technology, industrial innovation accelerates development of sector China is bullish on the blossoming blockchain sector, seeing it as the next frontier for national competitive advantages as well as a digital future. As one of the first major countries to acknowledge the potential of the blockchain technology, […]

Digital yuan nears launch as China sweats over Libra

Sovereign virtual coin lets Beijing bolster oversight and boost currency abroad. China appears on track to launch a sovereign digital currency next year, becoming the first major country to do so, as Beijing aims to track money flows more closely and combat planned cryptocurrencies such as Facebook’s Libra. With work completed on conducting research and setting standards […]

China’s Central Bank Completes Design of its Digital Currency

China’s central bank, the People’s Bank of China (PBoC), has announced it has completed the design of its digital currency, local news outlet JRJ.com has reported. According to the announcement, China’s central bank digital currency has completed its “top-level design, standard formulation, functional research and development.” Mu Changchun, head of the digital currency research institute […]

Digital Currency Manual for Chinese Officials in High Demand, Enters Second Printing

A 200-page manual titled “Digital Currency: A Reader for Cadres” entered its second printing in January. The high demand signals interest from China’s government amid confusing regulations on cryptocurrencies. The handbook was first released in November, and includes a comprehensive set of 23 articles, starting from the basics of digital currencies to their impact on […]

Emerging tech firms face tighter scrutiny

PBOC officials moot stricter measures in financial sector to protect investors. Regulators are expected to adopt a tough stance on emerging technology in the financial sector and extend supervision of technology giants in an effort to curb systemic risks, central bank officials said on Tuesday. Over-innovated financial products with lagging regulation may lead to financial […]

Experts expect Asia to play lead development role across the world

Asia is expected to lead the development of blockchain technology worldwide, with China among the key countries to watch next year, according to experts. Jason Potts, professor of economics and director of the Blockchain Innovation Hub at RMIT University in Melbourne, Australia, said Asian countries, including China, Singapore, South Korea and even Vietnam, are making […]

Chinese Tech Giant Baidu Launches Blockchain Beta

On January 6th, Baidu — a Chinese technology and internet giant most often called “China’s Google” here in the West — unveiled its latest project: “Xuperchain,” a blockchain system for businesses, now going into beta. According to the translated version of a flashy new website outlining this new offering, this now-in-beta network will allow users, […]

Why China Is Banning Crypto but Is Bullish on Blockchain

Babel Finance is one of China’s largest financial service providers.  The firm works with crypto mining companies to fund the volatile industry and products including crypto-backed loans, deposit services, margin trading and derivatives. Since July 2018, Babel has issued $400 million in crypto-backed loans with a balance of more than $300 million outstanding. Before pivoting […]

China’s Digital Yuan Will Target Retail Payments First, Ex-Central Banker Says

One of China’s first goals with its central bank digital currency is to facilitate retail payments, a former senior official said Monday. Speaking at the Caixin Hengqin Forum in Zhuhai, former head of the People’s Bank of China Xiaochuan Zhou said the country will stress the retail use of digital payment for the digital yuan, […]

Forget bitcoin, China’s crypto-yuan is set to transform banking

Digital currencies could become substitutes not just for physical cash but also for bank reserves. So is China readying its own bitcoin? Banish the thought. It’s far bigger than that. Yes, just like any other crypto-currency — or for that matter, cigarettes in POW camps — the upcoming digital yuan will be “tokenised” money. But […]

China and Russia begin testing cryptocurrency

A lot has happened last week on the crypto market. Here is a summary of the main events: Bank of China announced that it is ready to test the digital yuan, the developer of Ethereum named the date of the next hard fork cryptocurrency, the Bank of Russia has begun tests of their own cryptocurrency, […]

South Korea joins race to issue a digital currency

The country joins the likes of Japan, Russia, Iran and China actively exploring a new type of money. South Korea is setting up a task force to research the possibility of launching a state-backed digital currency, reports the Korea Times. The country joins the likes of Japan, Russia, Iran, China, and others actively taking steps […]

New digital currency sets the world talking

Adoption of stablecoins proves popular. Different forms of currency have been used over the ages — such as seashells, wampum and metal coins — and in more recent times, bank notes made from paper and plastic are in wide circulation. Nowadays, the digital era is set to redefine the features of money and the ways […]

Chinese Regulators Question 8 Crypto Companies in Shenzhen

Authorities in Shenzhen have started pressuring crypto businesses operating in China’s tech capital. Eight companies, two suspected operators of trading platforms, and six entities allegedly associated with coin offerings, have been placed under inquiry, Chinese media revealed, with authorities reportedly questioning their representatives at a meeting hosted by Shenzhen Financial Regulatory Bureau. Exchanges and ICOs Under […]

China rushes to embrace blockchain with Facebook’s Libra just around the corner

People’s Bank of China is preparing to launch its own digital currency, with President Xi Jinping urging an aggressive approach Last week, Facebook founder Mark Zuckerberg told US lawmakers that Libra was essential to projecting American financial leadership around the world China is looking to apply blockchain and artificial intelligence technologies in cross-border financing and […]

Binance to Launch Fetch.Ai Token Sale at End of February

The exchange also said that it will start offering StableUSD in a week’s time. Cryptocurrency exchange Binance announced on Friday that it is going to be hosting the initial coin offering (ICO) for blockchain company Fetch.Ai (Fetch) For those of you unfamiliar with the firm Fetch is creating something akin to a blockchain internet. The company’s focusing its efforts […]

Scroll to top