Category: China
-
The Daily: Fake Volume, Tether Troubles, Bitcoin’s “Inevitable” Mass Adoption
Rumors, allegations, and assertions can all be found in today’s news roundup. Specifically, we have rumors of impending trouble with Tether, allegations of another Chinese exchange conjuring up fake volume, and assertions that Bitcoin and blockchain’s mass adoption is “inevitable”. We’ll reveal who made that bold claim, as well as substantiating the others, in this…
-
China’s Oldest Science and Tech Publication Accepts BTC for Subscriptions
On Sunday China’s oldest tech media publication, Beijing Sci-Tech Report (BSTR) also known as ‘Technology life,’ has announced the business is accepting bitcoin core (BTC) for the magazine’s 2019 subscriptions. Also read: Launching a Website on the Bitcoin Cash Network Is Now a Reality The Publication Beijing Sci-Tech Report Now Accepts BTC for 2019 Subscriptions …
-
Chinese E-Commerce Giant Launches Smart City Institute Exploring Blockchain
According to the People’s Daily on Sept. 28, 2018, JD Finance, a division of the Beijing-based e-commerce goliath JD.com (Jingdong Group), recently founded the Smart City Research Institute at its Nanjing headquarters. A smart city is generally an urban area that ultilizes various forms of electronic information collection sensors in order to provide data used to manage…
-
China’s Crypto Market is Thriving: Ethereum Hotel, Exchanges, and OTC Trading
The government of China and its central bank the People’s Bank of China (PBoC) enforced a strict crypto trading ban in September 2017. Yet, the local cryptocurrency market of the country remains active, with hotels, exchanges, and over-the-counter (OTC) trading platforms supporting digital assets. Local authorities have prohibited commercial banks from dealing with overseas crypto…
-
Despite Ban, Chinese Investors Continue to Buy ICO Tokens via Bitcoin OTC Providers
Despite China’s infamous blanket ban on cryptocurrencies, Initial Coin Offering (ICO) investing is making a resurgence in the country as Bitcoin Over-The-Counter (OTC) exchanges gain prominence, reported local outlet Sina News on Sept. 26. OTC Market Fueling China’s Crypto Craze Most OTC providers are overseas-registered “shell” companies that bypass local supervision of the cryptocurrency market.…
-
Surveys: 1 in 4 Millennials Want to Invest in Crypto, 3% of China Already Has
In recent cryptocurrency surveys, a poll of 100,000 Chinese citizens has found that 3% have invested in cryptocurrencies, and a survey conducted by Circle has found that a quarter of millennials would like to invest in crypto assets in the next 12 months. In addition, a survey by UK-based Rathbone Investment Management has found that…
-
Qtum Unveils 0.16 Update on First Birthday, Targets 50,000 Tx/S
Qtum celebrated its first birthday with a bang, doubling down on the ambitions of its 2019 roadmap and releasing its “game-changer” 0.16 update, designed to scale the network to 50,000 transactions per second through lightning networks. A marriage of Ethereum Virtual Machine (EVM) functionality and Bitcoin’s established UTXO security measures, the project has traditionally sold itself…
-
China During Crypto Ban: One Woman Tries to Live on Bitcoin
Close to being yet another annoyingly false media piece on how ‘hard’ it is to live on cryptocurrency, the Netflix of China, Iqiyi, followed a woman attempting just that for 21 days. Bitcoiners have been doing so for years through various service providers, exchanges, and, yes, even peer-to-peer, yet the clearly untrue ‘hard’ narrative is…
-
China Updates Crypto Rankings, Downgrades Bitcoin
The China Center for Information Industry Development has updated its crypto rankings. The list contains 33 crypto projects, ranked overall and in three separate categories. High up in the overall ranking are EOS, Ethereum, and Bitshares. Bitcoin, however, has been downgraded. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals China’s Fifth Ranking…