Sound familiar? September 2017 China Bitcoin ‘ban’ sparked $20K all-time high in 3 months

The latest debacle over China’s anti-crypto stance has a firm historical echo to it — and old hands are more than aware.

113 +

China Bans Blockchain Firm From Selling COVID-19 Medical Supplies

China clamps down on the first state-backed blockchain firm for selling poor-quality masks

196 +

SoftBank-Backed Fintech Firm Joins Chinese Conglomerate to Build Blockchain Platform

OneConnect, the fintech wing of Ping An Insurance Group, is building a logistics-tracking blockchain platform with the China Merchants Port Group.

261 +

China Has the Secret to Fulfilling Elon Musk’s Affordable EV Pledge

Tesla could spearhead mass adoption of its vehicles by turning to cheaper cobalt-free batteries. Will Elon Musk's firm make the transition? The post China Has the Secret to Fulfilling Elon Musk’s Affordable EV Pledge appeared first on CCN.com

240 +

Chinese Crypto Investment Firm Asked to Remove London Underground Ads

Zeux reportedly touted an investment scheme with 5 percent interest but didn't state it sent the funds back to China using crypto.

175 +

Coronavirus Outbreak Forces Chinese Crypto ASIC Manufacturers to Delay Orders

Bitcoin mining rig deliveries from China are delayed due to the coronavirus according to a few Chinese manufacturers. Microbt and Ebang sent notices to customers via the firm’s Wechat channels.

184 +

Mobile Phone Retailer Joins China’s Blockchain Land Grab With US Startup Investment

One of the largest smartphone retailers in China is stepping into the blockchain world by investing in U.S.-based startup Monsoon, valuing the firm at over $100M, sources said.

363 +

China Saw $11.4 Billion in Crypto-Based Capital Flight Last Year

On January 8, China-based blockchain security firm Peckshield published its “2019 Global Digital Asset AML Research Report” noting a variety of crypto trends throughout the year. According to the study, cryptocurrency-based capital flight stemming from China was around $11.

187 +

Mining Report Highlights China’s ASIC Manufacturing Improvements and Dominance

During the first month of the new year, the research firm Tokeninsight published its “Mining Industry Annual Research Report,” which covers the competitive bitcoin mining sector. Tokeninsight’s study highlights the fact that BTC’s hashrate increased by 80% in 2019, even though BTC’s year-over-year average price dipped by 1.

240 +

Blockchain Developer Ant Financial Ranks Fifth Largest Private Firm in China

Alibaba affiliate Ant Financial has been ranked the fifth most valuable private firm in China

159 +

$80 Billion Asset Management Firm Files First Blockchain ETF With China’s Security Watchdog CSRC

The China Securities Regulatory Commission (CSRC) has received an exchange-traded fund (ETF) listing application for a project that tracks blockchain-based stocks as underlying assets. Called the Penghua Shenzhen Stocks Blockchain ETF, the application was accepted on December 24 by the CSRC and was filed by the Shenzhen headquartered asset management company Penghua Fund. What the […]

223 +

VeChain scores new partnership while VET tumbles

VeChain is seizing the opportunities presented in China after President Xi Jinping vowed to put the nation at the forefront of blockchain technology. The firm recently scored a partnership to accelerate the development of the tea industry in one of the most populous provinces in the country.

176 +

Hong Kong Blockchain VC Hires Former NEO Exec to Launch Shanghai Office

Former NEO general manager Zhao Chen joins Hong Kong-based venture capital firm CMCC Global to lead blockchain equity investments in mainland China at a new Shanghai office.

176 +

TikTok Has 1st Viral Bitcoin Video as Owner Launches DLT Venture

TikTok records the first viral Bitcoin video after the firm’s owner reportedly launched a blockchain-related venture in China

175 +

Libra, China's CBDC may test separation of money and state

Venture capital firm Blockchain Capital recently published its State of Crypto 2019 report, with a section of the publication giving an in-depth look into CBDCs, Libra, and the state of cryptocurrencyThe post Libra, China's CBDC may test separation of money and state appeared first on AMBCrypto.

194 +

Bitcoin Mining Centralization Reaches Record Levels, Majority China

Chinese Bitcoin miners now control a record proportion of the network’s hashrate, according to new research. An estimated 65% of BTC mining now happens in China. CoinShares, a digital asset investment fund, noted this high since the firm started monitoring the network in late 2017.

263 +

Mining Report Shows 65% of Bitcoin’s Hashpower Stems From China

As the end of 2019 approaches, Coinshares Research has published its bi-annual mining report that contains informative research and observations about the bitcoin mining industry. Since Coinshare’s last report published in June, BTC’s hashrate grew by 50 exahash per second (EH/s) and the firm believes a decent portion of the power stems from China.

210 +

MARKETS DAILY: China Picking Winners While Traders Wonder

This time we're talking winners and losers in China's increasingly top-down crypto industry, the implications behind former CFTC chairman Giancarlo's just-announced move to white-shoe law firm Willkie Farr & Gallagher, and more.

154 +

Big Four Audit Firm KPMG Launches Its Blockchain-based Tracking Platform KPMG Origins

Big Four audit firm KPMG announced the launch of its blockchain-based tracing and tracking tool called KPMG Origins. The new tool is said to bring in more transparency and traceability in the supply-chain field of numerous sectors such as Agriculture, manufacturing, and finance.

213 +

Dow Stands Firm But Dr. Doom Unleashed a Dire Stock Market Warning

China headlines mixed with positive news in the US Senate to lift…

The post Dow Stands Firm But Dr. Doom Unleashed a Dire Stock Market Warning appeared first on CCN.com

192 +

China’s Bitcoin Mining Firm Canaan Manages to Raise Only $90 Million through IPO

Coinspeaker China’s Bitcoin Mining Firm Canaan Manages to Raise Only $90 Million through IPOAs per its previous plans, Canaan was looking to raise anywhere around $400 million but fell short by 75% of its target.

170 +

Bitcoin Dips, Gold Rises as Trump Derails U.S.-China Trade Talks

Trump threatens to derail trade talks with China, standing firm on Beijing…

The post Bitcoin Dips, Gold Rises as Trump Derails U.S.-China Trade Talks appeared first on CCN.com

189 +

Is Bitcoin’s Long-Term Price Uptrend Intact? Research Firm Says So

Bitcoin (BTC) hasn’t been doing all too hot over the past five months. Since June, the leading cryptocurrency has cratered by almost 50%, collapsing from a year-to-date high of $14,000 to $8,500, where it sits today.

224 +

Western blockchain investors knock on the door of Chinese crypto scene

President Xi of China’s announcement that blockchain should be a strategic goal has accelerated the expansion of Outlier Ventures, Europe’s first venture firm and incubator dedicated to blockchain technology – into China, promising the early indicators for thawing of crypto winter.

208 +

China’s Bitcoin Mining Firm Canaan Creative to Launch Its IPO Next Week on Nasdaq

Coinspeaker China’s Bitcoin Mining Firm Canaan Creative to Launch Its IPO Next Week on NasdaqFailing to go public on the China and Hong Kong exchanges, Canaan now will make its public listing through the Nasdaq platform.

209 +

Blockchain Spending in China to Exceed $2 Billion by 2023

China’s blockchain spending is expected to see rapid growth in the next three years and exceed the $2 billion figure by the end of 2023, according to a report carried out by market intelligence firm IDC.

188 +

China Looking to Spend $2 Billion on Blockchain by 2023

China, the country that has recently jumped hard onto the blockchain train, will spend over $2 billion on blockchain technology come 2023. According to a report from the International Data Corporation (IDC), a global market intelligence firm, the country will see an estimated increase of 65.

203 +

Chinese Police Hold MicroBT Crypto Mining Maker’s CEO Over IP Infringement Allegations

Zuoxing Yang, known as the CEO and founder of MicroBT, a BTC miner maker based in China, has been detained and held by the local police. According to reports from local media outlets, the investigation is regarding the infringement of intellectual property by the firm.

215 +

UN Accuses North Korea Of Laundering Money Via Hong Kong-based Blockchain Company

The sanctions committee of the United Nations has recently accused North Korea of using a blockchain firm in order to launder money overseas. According to the committee, an investigation was conducted and it was discovered that the country was using cryptos to evade sanctions imposed on it by the international community. Marine China, a blockchain […]

292 +

This Crypto Related Stock Surged 67% after Xi Jinping’s Blockchain Push

Hong Kong investors increased their exposure in a blockchain firm after China’s premier Xi Jinping endorsed the technology in his Friday speech. The stock value of Pantronics Holdings Limited (1611:HK), a Hong Kong-based electronic product manufacturing firm, climbed by up to 67.

179 +

88% of Chinese workers trust a bot over their human boss

The main worries surrounding artificial intelligence (AI) and its future is how one day, it’ll prove to be the biggest job-killing technology of all-time, or worse even, the autonomous bots will group together and wipe out the human race completely.

255 +

China’s Control over Foreign Entities Signals the Need for Decentralization

China’s firm grasp on personal and corporate data is set to become even more stringent, as the government is set to extend its control over foreign entities. The Chinese government has been working for several years on a comprehensive internet security and surveillance program.

195 +

China’s Crypto Mining Giant, Canaan, to offer an IPO in November in the US

Unconfirmed reports have reported that Canaan, a Chinese mining giant for crypto, aims to list in the US market as a publicly-traded company in November 2019. According to the source that is aware of the matter, this Avalon miner producer will be issuing 126 million shares, and the firm is said to have a valuation […]

240 +

Stock Market Strategist Predicts Bullish Run for Dow Jones, S&P 500 into 2020

The stock market may be facing a one-two punch of the whistleblower complaint and the U. S. /China trade war, and the major indices may be down four of the last five days, but don't let that get in the way of bullish long-term expectations.

205 +

Tencent Leads $20M Funding Round for DLT Supply Chain Firm Everledger

Everledger plans to extend its projects in China with the new $20 million funding round led by Tencent

142 +

Cryptocurrency Exchange Binance and Matrixport Invest in Chinese Media Firm

Crypto exchange Titan, Binance, and Jihan Wu’s Matrixport have joined in on a $200 million Series B round for Mars Finance: a Chinese media firm that aims to bring more clarity and information to the space.

306 +

Juul’s Valuation Is Going Up in Smoke After China Terminates Sales

Mere days after launching in the world's largest tobacco market, Juul, a leading e-cigarette producer, had its sales terminated in China; meanwhile, stock estimates have been reduced to little more than vapor, with the firm's $38 billion valuation slowly evaporating.

192 +

Chinese Firm Linzhi Set To Mass Produce Ethereum and ETC ASIC Miners As Tests Go Live

Following a year’s wait on the ethash application-specific integrated circuit (ASIC) miners frim Linzhi, a China based mining equipment developer, the company confirms the production of 200 units as a test run.

184 +

Tether’s new yuan-based stablecoin is the newest addition in circumventing regulations

Tether announced a new offshore Chinese-yuan backed stablecoin, CNHT. The cryptocurrency is the newest addition to the firm’s suite of regulation-skirting coins. Primer on China’s currency controls As part of China’s monetary strategy to peg the yuan against the dollar, it is mandatory that the People’s Republic control capital flows into the country.

280 +

'Zombie Crypto' Threatens John McAfee With $100 Million Lawsuit

A Chinese crypto project that allegedly paid 2020 U. S. presidential candidate John McAfee $4. 5 million to promote the Initial License Offering (ILO) of its Zombie Coin has now threatened to sue the influencer for $100 million.

135 +

‘Zombie Crypto’ Threatens John McAfee With $100 Million Lawsuit

A Chinese crypto project that allegedly paid 2020 U. S. presidential candidate John McAfee $4. 5 million to promote the Initial License Offering (ILO) of its Zombie Coin has now threatened to sue the influencer for $100 million.

131 +

Surveillance campaign targeting Uyghur Muslims affected not just iOS, but Android too

The malware campaign targeting the Uyghur Muslim minority in China’s autonomous region of Xinjiang may have been more extensive than previously thought. According to a new report published by Washington, DC-based cybersecurity firm Volexity, the community has been been at the receiving end of a large-scale surveillance operation via “strategically compromised websites” and mobile devices running not just iOS, but also Android.

252 +

Tether Plans to Mint Digital Yuan and Commodity Coins, Says Bitfinex Shareholder

Tether Holdings, the firm that issues tether (USDT), has plans to launch an offshore Chinese yuan stablecoin called CNHT. Tether’s digital dollar presence within the crypto economy has been massive in recent months, seeing significant demand from China.

230 +

China’s Baidu Surpasses Google In Smart Speaker Sales

Coinspeaker China’s Baidu Surpasses Google In Smart Speaker SalesThe research analyst firm Canalys reports that Google's rebranding of its Nest product hasn't worked very well for the company putting it in the third-position after Amazon and Baidu.

162 +

How China’s Baidu outsold Google in the smart speaker market

Yesterday, market research firm Canalys published a report stating Chinese search giant Baidu has surpassed Google in terms of smart speaker distribution worldwide – which means a company whose products you may never have seen outside China is outselling the big G.

194 +

Indian Firms Big on Blockchain But Gov’t Still Myopic on Crypto

It appears that the Indian government is mirroring China’s movements with regards to blockchain and cryptocurrency. A huge project by Indian mobile network operator, Reliance Jio, plans to roll out the country’s largest blockchain platform, yet lawmakers remain myopic about cryptocurrency.

214 +

Crypto trading firm GSR appoints Xin Song as advisor for expansion into China

Crypto trading firm GSR appoints Xin Song as advisor for expansion into China » CryptoNinjas GSR, a cryptocurrency liquidity services and order execution firm, today announced the appointment of Xin Song as a specialist advisor to oversee expansion into Mainland China.

195 +

Chinese Bitcoin Mining Firm Canaan Is Rumored To Have Filed For IPO In The US: IFRAsia Findings

A major Bitcoin (BTC) miner manufacturer from China called Canaan Creative is rumored to have just filed for an Initial Public Offering (IPO) in the United States. According to IFRAsia, some inside sources have claimed that the Chinese company wants to be listed on the U. S. and has the goal of acquiring $200 million […]

225 +

Police Called to TRON (TRX) Offices in China; Angry Mob Accuses Firm of Fraud

The latest buzz on Twitter is the supposed police raid of the TRON offices in China. This was eventually found to be false, however, as the police were instead called to protect employees from the wrath of an angry mob.

148 +