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Beware: Bullish Bitcoin Case Could Be Due To CFTC Scramble
A new narrative has suddenly spread across the crypto market potentially presenting a bullish case behind Bitcoin’s recent resiliency. The reason? A possible retail buying frenzy in China spurred by the Chinese government themselves. дальше »
2020-10-6 18:00 | |
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User Claims to Lose $15K in Alleged Crypto Scam Promoted by Google Ads
A Google forum poster under the user name Kazuo Kusunose claims to have lost $15,000 trying to participate in what they described as a “new Chinese cryptocurrency sale,” which brought them to the Yuan Pay Group website. дальше »
2020-10-5 19:00 | |
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A Strengthening Renminbi Casts Further Bullish Spells on Bitcoin
A robust exchange rate policy by the Chinese leaders has prompted the renminbi to log its best quarter in 12 years. And it may help Bitcoin surge as well. The onshore renminbi added approx 4 percent in the three months ending September 30, its best since 2008. дальше »
2020-10-2 08:31 | |
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Nokia Replaces Huawei in BT 5G Deal to Become Biggest Infrastructure Provider
Coinspeaker Nokia Replaces Huawei in BT 5G Deal to Become Biggest Infrastructure ProviderAfter the UK’s ban of Huawei equipment from its 5G network rollout, Nokia has replaced the Chinese firm on the BT 5G network project. дальше »
2020-9-29 19:10 | |
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Bitcoin Miner Maker Ebang Narrows First Half Loss To $7 Million, as Covid-19 Hit Demand
Ebang International Holdings Inc. , the Chinese maker of bitcoin mining hardware, reported a net loss of $6. 96 million during the first six months of this year, down from $19. 07 million a year ago, as demand fell due to the coronavirus pandemic. дальше »
2020-9-29 10:15 | |
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Chinese state TV just shilled DeFi and Ethereum to hundreds of millions of users
Over the past few years, Chinese authorities have undergone a strong crackdown on most things crypto in the country. The post Chinese state TV just shilled DeFi and Ethereum to hundreds of millions of users appeared first on CryptoSlate. дальше »
2020-9-29 22:34 | |
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China State-Owned Media Covers Crypto as 2020’s Best Performing Assets Driven by DeFi & Weak Dollar
In an unusual coordinated report on Friday, several Chinese state-owned media covered cryptocurrencies, calling them the best-performing assets of 2020. The country’s top broadcaster, China Central Television (CCTV), ran a three-minute-long news clip, highlighting crypto assets rallying 70% this year. дальше »
2020-9-27 17:33 | |
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Bitcoin News Roundup for Sept. 25, 2020
With bitcoin's best day in two months and a surprisingly positive report out of Chinese state media, CoinDesk’s Markets Daily is back for your latest crypto news roundup! дальше »
2020-9-26 19:00 | |
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Fed Releases Its Workplan for Updating Payment Systems amid Coronavirus Pandemic
Coinspeaker Fed Releases Its Workplan for Updating Payment Systems amid Coronavirus PandemicIn a bid to deliver the best to compete with the Chinese model and possibly retain the dollar global reserve currency status, the Fed is working closely with other institutions. дальше »
2020-9-25 16:30 | |
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Next-generation blockchain technology lands in healthcare: TWO WINDS
TWO WINDS, a next-generation healthcare and blockchain company, will enter into the Chinese market in the second half of 2020. According to a research report, the market... дальше »
2020-9-22 07:19 | |
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Blockchain-Powered Brand KIM Diamond Announces Flagship Store and Selene Moon Goddess Jewelry Line
Chinese jewelry brand KIM Diamond uses blockchain technology to govern integration between sourcing diamonds from mines, for custom-made jewelry pieces. KIM also unveiled its Selene Moon Goddess jewelry series, and flagship store location at a recent event at luxury Chengdu hotel, The Temple House. дальше »
2020-9-23 21:22 | |
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China Should Seize the ‘First Mover’ Advantages of Launching A CBDC: PBoC
China should aim at becoming the first country to issue digital currency as part of its efforts to internationalize the yuan and lessen its over-dependence on the world’s dollar-dominated payment system, the People’s Bank of China (Chinese central bank) said. дальше »
2020-9-22 19:38 | |
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Blockchain-Powered Brand KIM Diamond Announces Flagship Store and Selene Moon Goddess Jewelry Line
Chinese jewelry brand KIM Diamond uses blockchain technology to govern integration between sourcing diamonds from mines, for custom-made jewelry pieces. KIM also unveiled its Selene Moon Goddess jewelry series, and flagship store location at a recent event at luxury Chengdu hotel, The Temple House. дальше »
2020-9-21 17:45 | |
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Chinese Central Bank Calls Digital Currency Competition a ‘New Battlefield’
If recent events are any indicator, the race for central bank digital currencies (CBDC) appears to be heating up. In August, trials of China’s digital currency electronic payment pilot were announced in 27 cities across the country. дальше »
2020-9-21 17:37 | |
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Dissatisfied miners in China want to fork Filecoin
Multiple mining groups in China have announced that they will fork Filecoin’s blockchain as they claimed to be dissatisfied with mining rewards, according to a report in Sohu.com, a Chinese media coThe post Dissatisfied miners in China want to fork Filecoin appeared first on AMBCrypto. дальше »
2020-9-18 23:30 | |
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Travala.com enters the fast-recovering Chinese travel market
Travala. com, a Binance-backed online travel agency has started wooing tourists in China. A report unveiled this news on September 17, noting that the firm has penetrated the Chinese travel market as the sector continues making a comeback to pre-COVID-19 levels. дальше »
2020-9-18 15:40 | |
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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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NEO hits a new YTD high after surging by 30% in a week
The cryptocurrency project NEO, also known as Chinese Ethereum, has had quite a busy week. While most other cryptos spent the past 7 days in a slow recovery, or perhaps seeking stability — NEO saw a strong surge that just allowed it to reach its two-year high. дальше »
2020-9-18 11:25 | |
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VeChain joins up with the Chinese Food Safety Alliance
VeChain, a major supply chain tracking blockchain project, recently revealed that it joined China’s Animal Health And Food Safety Alliance (CAFA). The company became the alliance’s council member, and is now the only blockchain provider to hold such a position. дальше »
2020-9-18 09:26 | |
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U.S prosecutors charge Chinese hackers for launching a crypto-jacking fraud scheme
U. S. Department of Justice charged five Chinese citizens for launching malware that led to the crypto-jacking of computers to mine cryptocurrency. However, the indictment did not mention which cryptocThe post U. дальше »
2020-9-16 20:44 | |
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Bitmain’s Wu Regains Power Over Micree Zhan As Jihan Named Legal Representative
The struggle for Bitmain’s control has taken a different turn, with Jihan Wu regaining the position of executive director and legal representative of this Chinese Bitcoin mining rig manufacturer. According to the latest update on China’s business registration record, Macree Zhan will no longer serve in the above capacities but remains a general manager in […] The post Bitmain’s Wu Regains Power Over Micree Zhan As Jihan Named Legal Representative first appeared on BitcoinExchangeGuide. дальше »
2020-9-15 18:42 | |
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China’s Digital Yuan Is Legally Compensatory to Local Fiat Currency
Coinspeaker China’s Digital Yuan Is Legally Compensatory to Local Fiat CurrencyThe digital yuan introduction is seen as a silent way for the Chinese government to make a huge move in accordance with the global market need and also a way to control the fast-growing ‘uncontrolled’ crypto industry. дальше »
2020-9-15 16:24 | |
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Tether Recovers $1 Million USDT Sent to Wrong Defi Address by Chinese Traders
Tether has recovered and returned $1 million worth of USDT to a group of Chinese traders who, in error, sent the funds to a wrong decentralized finance (defi) address. On September 8, the group, going under the moniker ‘Bill,’ “accidentally” transferred the money to a Swerve token contract and could not retrieve it. дальше »
2020-9-13 08:30 | |
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Bitcoin Hashrate Ramps to 130 Exahash Amid Next-Generation Miner Shortage
Regional reports from China have highlighted that a number of major Chinese ASIC mining rig manufacturers have sold out of their next-generation model stock. The shrinking supply of high-performance machines may be due to the shortage of 7nm and 8nm chips from TSMC and Samsung. дальше »
2020-9-13 05:30 | |
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Bitmain Pushing for New Mining Machines But Customers aren’t Eager to Indulge
The latest in the Bitmain drama is Zhan Ketuan (Micree Zhan), now selling the world’s first 5nm mining machine to Chinese miners, according to local media channel WuBlockchain. These new machines will be reportedly shipped in January next year, but bitcoin miners aren’t really keen on buying them. дальше »
2020-9-10 17:54 | |
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Chinese Investors Turn to Yield Farming Despite The Recent Crash of DeFi Token Prices
Chinese investors are jumping onto decentralized finance (DeFi) despite the recent collapse in crypto markets. In an observation first published on Twitter by Chinese journalist Colin Wu, Chinese crypto exchanges are facing a log-jam of withdrawals as users rush to invest in DeFi tokens. дальше »
2020-9-10 21:31 | |
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Another Wave of DeFi Euphoria Coming? Chinese Users Withdrawing from CEXs and Putting into Yield Farming
Decentralized Finance (DeFi) has been growing like crazy, hitting $9. 5 billion until positions winded and DeFi tokens went down like stones. During the recent market correction, DeFi tokens were hit the hardest, which makes sense given that they have been rallying hard, leaving non-DeFi tokens in the dust. дальше »
2020-9-9 21:09 | |
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PlusToken Crypto Scam: Chinese Authorities Prosecute Six Masterminds
Coinspeaker PlusToken Crypto Scam: Chinese Authorities Prosecute Six MastermindsThe operators of the now-defunct MLM firm PlusToken allegedly spied on gullible investors, promising them handsome payouts if they invested in the token and, in turn, urged others to invest for a small “commission. дальше »
2020-9-8 17:51 | |
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PUBG Ends Publishing Business with Tencent Games amid Bans from Indian Government
Coinspeaker PUBG Ends Publishing Business with Tencent Games amid Bans from Indian GovernmentShortly after banning 60 apps, the Indian government banned PUBG and 117 other Chinese apps. дальше »
2020-9-8 17:45 | |
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Chinese mining giant Canaan announces $10 million share buyback
Canaan will try to drive up its Nasdaq-listed stock from the $2 price mark.
дальше »2020-9-9 16:51 | |
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Exchanges suffer as Chinese users chase DeFi gains
Chinese demand for DeFi is surging, with local exchanges reportedly struggling under the weight of withdrawals destined for yield farming protocols. дальше »
2020-9-8 08:02 | |
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Blockchain powered ‘Smart Brain’ to govern China’s new ‘Aerospace City’
Blockchain firm CyberVein is partnering with the Chinese government to build a blockchain-powered governance system for its aerospace ‘smart city.’ дальше »
2020-9-8 06:54 | |
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Data: Despite Ethereum & Altcoin Crash, DeFi is Going Viral in China
After a parabolic rally, Ethereum’s decentralized finance (DeFi) is starting to go semi-viral on China. This comes after months of a number of commentators noting on Twitter that DeFi hasn’t been appealing to Chinese investors due to a lack of Chinese education and user interfaces. дальше »
2020-9-8 06:00 | |
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DeFi FOMO: Chinese Traders Mass Withdrawing BTC and ETH to DEXes for Yield Farming
Chinese traders are reportedly withdrawing their ETH, USDT, and crypto holdings in droves from centralized exchanges (CEXes) to decentralized exchanges (DEXes) for yield farming as per a tweet on Sep 7. дальше »
2020-9-8 20:00 | |
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Yield farming frenzy has led to massive Ethereum, Tether withdrawals in China
The ongoing rush for “yield farming” in the crypto market has reportedly led to Chinese investors withdrawing funds from exchanges in the country to lock them up on obscure protocols that promise high yields, said local outlet WuBlockchain earlier today. дальше »
2020-9-7 15:58 | |
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New DeFi alliance to connect Eastern and Western DeFi markets
The Chinese government is supporting a new global DeFi association.
дальше »2020-9-4 13:29 | |
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Canaan Cuts Losses for Second Successive Quarter, Down To $2.4M in Q2; Demand Remains Weak
Canaan Creative, the Chinese maker of bitcoin mining hardware, reported a net loss of $2. 4 million during the second quarter of 2020, down from $5. 6 million in the previous quarter. It is the second consecutive quarter of narrowing losses for the firm, hit hard by falling demand amid the Covid-19-induced global recession. дальше »
2020-9-3 08:00 | |
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The Digital Yuan May Launch With a Traceable Hardware Wallet
In an interesting twist–and perhaps another chess move by the Chinese central bank– is the revelation that the digital yuan may not only be stored using a “hot” wallet but a traceable hardware wallet activated by users submitting personal details as per a CoinDesk report on Sep 1. дальше »
2020-9-2 14:00 | |
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