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Chinese Crypto Mining is Economically Efficient, Argues Canaan CEO
Chinese crypto mining equipment producer Canaan is arguing against the indiscriminate crackdown on cryptocurrency mining in China, citing mining’s economic efficiency. The post Chinese Crypto Mining is Economically Efficient, Argues Canaan CEO appeared first on BeInCrypto. дальше »
2021-6-2 14:43 | |
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Chinese traders defy the current crypto crackdown by betting secretly
Chinese crypto investors are going against the government’s largest crackdown on crypto since 2017 by placing secretive bets. A report unveiled this news on May 31, noting that this development shows just how hard the Chinese government has to work to control the speculative boom in cryptos. дальше »
2021-6-1 22:02 | |
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Top Bitcoin Miner Explains Implications Of China’s New Policies Against This Sector
China is set to clarify its new policy for the Bitcoin mining sector in the coming weeks. For the first time, a high-ranking Chinese government official has spoken about a change in the status quo that rules this BTC mining. дальше »
2021-5-24 17:16 | |
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‘Reiterated FUD’ – Chinese Government to Continue Monitoring Bitcoin Mining Sector
A recent report from the Chinese government’s financial committee has reiterated the country’s stance on bitcoin mining and that it would continue to monitor the sector closely. The report follows a recent article from Reuters published three days ago, which also reiterates China’s older warnings against the crypto industry. дальше »
2021-5-22 21:00 | |
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Chinese Investors File Lawsuit Against US-Based Alleged Crypto Fraudster Who Promised $200,000 Profits per Day
A group of Chinese investors has filed a lawsuit against an alleged crypto fraudster based in New York, United States, who ran a Wechat group where he handled the scheme. The scammer reportedly promoted the bogus investment opportunity by promising earnings of “$200,000 in one day. дальше »
2021-5-15 12:30 | |
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Bitmain Founder Warns Against This Future Threat For Bitcoin
Jihan Wu, the co-founder of Bitmain, is worried about Bitcoin’s future. Per a report by Colin Wu, the co-founder of Bitmain told Chinese miners there are “environmental protection issues”. Therefore, institutions currently buying or holding BTC could be more concerned about the origins of their coins. дальше »
2021-4-22 18:04 | |
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Paypal Cofounder Peter Thiel Thinks China Is Using Bitcoin as Financial Weapon Against the US
According to Paypal cofounder Peter Thiel, the Chinese government, which detests the U.S. dollar’s reserve currency status, could be using bitcoin as a financial weapon against the U.S. While he concedes that China has no intentions of making the yuan renminbi a reserve currency, Thiel still thinks the Asian country may have longed bitcoin because […] дальше »
2021-4-9 10:30 | |
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Turkish Police Dismantle Massive Chinese Crypto Scam That Held 101 Hostages
A massive police operation took place in Istanbul, Turkey, against a Chinese gang’s crypto scam. Authorities found that criminals kidnapped 101 people and forced them to run scam operations. Scammers Tricked Hostages by Promising Them Work in a Legit ‘Crypto Investment Consultancy’ According to Demirören Haber Ajansı, Istanbul police cracked down a fake “crypto investment […] дальше »
2021-3-17 18:00 | |
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SEC Obtains Emergency Asset Freeze Against Virgil Capital
Stefan Qin, the 23-year-old founder of Virgil Capital, has been accused by the SEC of “fabricated records” for failing to redeem $3.5 million in investments and attempting to withdraw $1.7 million in investor funds to pay off Chinese loan sharks. дальше »
2020-12-29 20:20 | |
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Another Asian Crypto Exchange Suspends Withdrawals as China Detains One of Its Founders
Chinese authorities are launching a national crackdown against fraudulent SIM card and bank account schemes. The latest detained under this operation is one of the founders of a Hong Kong-based cryptocurrency exchange CEO Global (ceobi). дальше »
2020-12-10 10:30 | |
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Chinese Police Seize $4.2 Billion in Multiple Cryptocurrencies From Plustoken Ponzi Clampdown
Chinese police have seized more than $4. 2 billion worth of crypto assets in its clampdown against the Plustoken Ponzi scheme. According to a court ruling made public on Nov. 26, and shared by The Block, law enforcement confiscated a total of 194,775 bitcoin (BTC), 833,083 ether (ETH), 1. дальше »
2020-11-28 01:30 | |
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1% Of Bitcoin’s Total Supply Has Just Been Seized By The Chinese Police
Chinese police have seized 194,774 Bitcoin (1% of Bitcoin’s total supply of 21 million BTC) worth over $3. 2 Billion, in the latest operation against the infamous PlusToken scheme that defrauded investors of approximately $7. дальше »
2020-11-27 21:34 | |
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Bitcoin Demand in China High Even as Yuan Eyes Best Quarter on Record
Bitcoin traders used to treat a weaker yuan as their cue to increase their exposure in the cryptocurrency. But it now appears they want to keep holding Bitcoin even against a rising Chinese currency. дальше »
2020-9-19 12:00 | |
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Media: China's largest bitcoin investor Zhao Dong allegedly arrested
According to Chinese media reports, the country's largest bitcoin investor, Zhao Dong, was detained by police. The arrest occurred against the backdrop of reports of massive lock-ups in Chinese banks of user accounts suspected of working with cryptocurrencies. дальше »
2020-7-5 19:31 | |
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Financial Author Thinks Bitcoin Is “Likely” To Become the World Reserve Currency
Bitcoin has faced down many setbacks over recent years. BTC trading has been banned by the Chinese government. Executives from Goldman Sachs and other institutions have come out against the cryptocurrency. дальше »
2020-6-15 23:00 | |
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Bitcoin Cannot Be Protected by Chinese Law, Local Court Rules
A court in Fujian province has dismissed a lawsuit filed against a ‘Bitcoin club’, arguing that it does not fall under its jurisdiction
дальше »2020-5-14 22:30 | |
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Chinese Investors May Increasingly Invest in Bitcoin in Q2 as Local Funds Cripple
Search trends emerging from China show interest in ‘Bitcoin’ could hit an all-time high in the 12-month range. Chinese users’ increased attentiveness for the cryptocurrency comes against the backdrop of underperforming money-manager funds. дальше »
2020-4-22 10:35 | |
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Chinese Central Bank Warns Against Crypto Trading Due to Market Manipulation, Bots
Bank of China, a Chinese central bank, is continuing with its anti-crypto campaign, this time the bank has issued a long post in its official WeChat account lashing on crypto exchanges. According to Cointelegraph, the post which was released on March 22 is titled “3. дальше »
2020-3-24 20:42 | |
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China Approves Favipiravir as Potent Treatment against New Coronavirus COVID-19 Strain
Coinspeaker China Approves Favipiravir as Potent Treatment against New Coronavirus COVID-19 StrainFavipiravir has become one of the drugs that the Chinese authorities approved for treating the new COVID-19 strain of the coronavirus. дальше »
2020-2-18 17:31 | |
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China’s Top Virologist Makes Bombshell Coronavirus Claim; Is it True?
A top Chinese virologist well known for his role in fighting against the SARS, says the coronavirus outbreak will reach its peak in February. The post China’s Top Virologist Makes Bombshell Coronavirus Claim; Is it True? appeared first on CCN.com дальше »
2020-2-11 14:14 | |
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What Determines Bitcoin Price
Ever wondered what are the factors which led bitcoin price to such heights? How bitcoin price is determined? Well, we have got answers of all the queries regarding bitcoin’s price. Bitcoin price is measured against fiat currency, such as American Dollars (BTCUSD), Chinese Yuan (BTCCNY) or Euro (BTCEUR). дальше »
2020-1-22 15:04 | |
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Blockchain, 5G, and Supercity Projects to Help China Revive Economic Growth
Down but not out — that’s the state of the Chinese economy as it stands today amidst the prolonged trade war against the United States. Despite all the challenges, the communist regime under President Xi Jinping remains committed to going a step up in the rankings to make China the largest economy in the world, […] The post Blockchain, 5G, and Supercity Projects to Help China Revive Economic Growth appeared first on BeInCrypto. дальше »
2019-12-25 03:26 | |
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Case for Privacy Coins Amplified by Hong Kong Protests
The Hong Kong protests have millions of individuals rallying against the government’s efforts to pass the Fugitive Offenders Extradition bill. In an article by Forbes, August 11, 2019, it was revealed that the central government used Chinese servers to launch a denial of service attack on Telegram to apprehend those who were organizing protests viaRead MoreRead More. дальше »
2019-8-12 17:00 | |
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EtherDelta allegedly used in exit scam in China, authorities investigating
Evidence shows EtherDelta was sold to new owners in China and used in an exit scam. Chinese authorities are allegedly taking legal action against the decentralized exchange, according to documents provided by Dovey Wan, a founding partner at Primitive Ventures. дальше »
2019-8-8 20:57 | |
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Is EtherDelta A Scam? Chinese Police Are Interested In Trading Platform’s Activity
Chinese police are investigating the activities of the decentralized exchange EtherDelta. This was reported by the managing partner of Primitive, Dovey Wan: “EtherDelta is involved in a major scam in China, police officially take legal action against it,” said Dovey. дальше »
2019-8-7 13:03 | |
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По стопам SEC: китайская полиция занялась децентрализованной биржей EtherDelta
Китайская полиция, по некоторым данным, расследует деятельность децентрализованной биржи EtherDelta. В частности, об этом сообщила управляющий партнер фирмы Primitive Дави Ван: JUSTIN and 🤦🏻♀️🤦🏻♀️🤦🏻♀️ EtherDelta is involved in a major scam in China, police officially take legal action against it The actual beneficiaries of EtherDelta are all Chinese after ownership transition in 2017 Highly recommend […] дальше »
2019-8-7 10:27 | |
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Chinese are Not Buying Bitcoin: Peter Schiff
The Chinese investors do not think of bitcoin as a safe-haven asset, and they are not buying it, believes Peter Schiff of Euro Pacific Capital. The statement appeared amidst international media coverages about bitcoin’s price rise against a gloomy macroeconomic outlook. дальше »
2019-8-6 17:00 | |
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Dow Futures Bloodbath as China 'Weaponizes' Currency Against Trump
US stocks are set to open deep in the red on Monday, as Dow Jones Industrial Average (DJIA) futures fell more than 300 points lower. Stock markets are in free fall around the world after China hit back at Trump’s proposed tariffs and Twitter threats. дальше »
2019-8-5 14:00 | |
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Fiat Market Cap: Top Fiat Currencies by Market Capitalization in BTC
Fiat Market Cap is an interesting website that tracks Bitcoin’s rise against major fiat currencies. Imagine a future where Bitcoin is the approved global store of value. How much Satoshis (Sats) would you need for an overseas holiday? On the website, fiat currencies are ranked according to their market sizes with Chinese Yuan (CNY) as […] дальше »
2019-7-2 22:34 | |
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Bullish Signal: Chinese Government View of Bitcoin (BTC) Evolving
China, despite their hardliner stance against Bitcoin (BTC) and crypto trading, is an important player. Their position however is gradually evolving. The post Bullish Signal: Chinese Government View of Bitcoin (BTC) Evolving appeared first on Ethereum World News. дальше »
2019-7-2 13:34 | |
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A Major Chinese State-Run Media Organisation Labelled Bitcoin a “Safe Haven Asset”
The legal status of cryptocurrencies in China is a controversial topic. Yet, the Asian country is one of the most developed nations in the field of blockchain. This might change after a major Chinese state-run media went against all the opinions of the government by publishing a financial study that highlights the potential of alternativeRead MoreRead More. дальше »
2019-6-30 15:00 | |
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A Major Chinese State-Run Media Organisation Labelled Bitcoin “Safe Haven Asset”
The legal status of cryptocurrencies in China is a controversial topic. Yet, the Asian country is one of the most developed nations in the field of blockchain. This might change after a major Chinese state-run media went against all the opinions of the government by publishing a financial study that highlights the potential of alternativeRead MoreRead More. дальше »
2019-6-30 15:00 | |
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China’s Bitcoin Exchange ZB.com To Support Bitfinex’s IEO LEO Tokens Against USDT On May 28
ZB. com Toad Support For Bitfinex’s Leo Tokens Lately, Bitfinex’s LEO tokens have been a subject of intense debates on Twitter. This week, Bitfinex announced that the tokens would go live on ZB. com starting May 28th, where they will trade against USDT. дальше »
2019-5-25 20:01 | |
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Huawei Faces Possible Final Nail in Coffin as Chip Designer Bails: Report
By CCN: Google was only the beginning of Chinese multinational tech giant Huawei‘s woes. The odds are increasingly stacked against the popular smartphone maker now that it is losing business with one of its biggest partners: British chip designer Arm Holdings. дальше »
2019-5-24 00:28 | |
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Dow Leaps 200 Points But Catastrophic Housing Data Menaces Market
By CCN: The Dow and broader U. S. stock market returned to strength on Tuesday after the Commerce Department temporarily rolled back trade restrictions against Huawei, the Chinese telecommunications giant. дальше »
2019-5-21 22:14 | |
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Trump Warns China: ‘Act Now’ or Face $100 Billion in Tariffs Every Year
By CCN: Donald Trump is going out all guns blazing against China after the US substantially hiked the tariffs on $200 billion worth of Chinese goods last Friday. The American President believes that he has the upper hand in this trade war with the Chinese, accusing the other side of breaking the deal and trying to renegotiate a new one. дальше »
2019-5-13 15:07 | |
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Trump Grenade Triggers Massive Stocks Sell; Bitcoin Price Slumps to $5,600
By CCN. com: In the last 24 hours, following a strong week, the bitcoin price slipped by around $157, dropping by nearly two percent against the U. S. dollar amidst an insense stocks sell-off. The Dow Jones is set to open with a 500-point drop after U. дальше »
2019-5-6 17:24 | |
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After Ripple, China’s CIPS Now Competes With SWIFT…Departure From US Dollar?
Russian banks have adopted the Chinese CIPS payment system, and the competition from this cross-border platform and Ripple against SWIFT could ultimately lead to the US Dollars being deposed as the leading currency in the world. дальше »
2019-4-2 11:30 | |
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WeChat Pay to reportedly take on Google Pay and Paytm in India later this year
Chinese tech giant Tencent is looking to enter India‘s payment market with a UPI-based (Unified Payments Interface) WeChat Pay app, according to Entrackr. The report notes Tencent execs met with the National Payment Corporation of India (NPCI) three weeks ago to discuss obtaining a license, with plans to launch the service in May or June. дальше »
2019-3-22 14:11 | |
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Ontology’s Crypto ONT Surges 74.5% in March – What’s Driving the Rally?
Another seemingly original blockchain project is looking at its valuation going up this March. Ontology, backed by a Chinese blockchain development firm OnChain, experienced a 74. 5-percent surge in the value of its native token ONT. дальше »
2019-3-21 15:04 | |
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Andreas Antonopoulos Won’t Back the Notion a 51% Attack from China’s Government on BTC Is Possible
Andreas Antonopoulos is most well-known for his work on Mastering Bitcoin, but he is in the news today for some interesting comments against the Chinese government. On Twitter, he commented that there is just no way that a successful 51% attack could be completed against the Bitcoin blockchain by the Chinese government. The discussion stemmed […] дальше »
2019-3-19 14:16 | |
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