Category: China
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Ex-Liberia Central Bank Chief Under Probe for Missing $104M, State Seeks FBI Help
More than a dozen government officials, including former central bank governor and his deputy, have come under investigation in Liberia after $104 million of newly printed banknotes vanished from the state purse. Liberia has issued a travel ban to Milton Weeks, the ex-Central Bank of Liberia chief, his deputy Charles Sirleaf, son of former president Ellen…
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PBOC Provides Update on Its Crypto Prevention Efforts
The People’s Bank of China (PBOC) has issued a statement detailing its efforts to stop and prevent crypto and initial coin offering activities in the country. The bank outlines measures against the widespread of overseas exchanges servicing domestic users such as blocking trading platforms and closing down 3,000 trading accounts. Also read: 160 Crypto Exchanges Seek…
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Economist: 2020 Will be Worse Than 2008 Recession, Institutions Will Favor Bitcoin
Nouriel Roubini, a well-recognized economist and a professor at Stern School, believes a financial crash worse than the 2008 recession will hit US markets by 2020, which may lead institutional investors to commit to crypto as an alternative store of value and asset class. On Project Syndicate, Roubini outlined 10 major factors that will fuel…
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PR: EasyVisual Blasts Advertising Market with New Channel for Brand Promotion
This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. Imagine a perfect world where the advertisement of your brand…
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No, the EU is Not Issuing a State-Backed Cryptocurrency
Mario Draghi, President of the European Central Bank (ECB), said that the authority does not see a “concrete need” for a digital token alternative to the euro, according to Reuters. No Time for Crypto Related: EU Investigates Stricter Common Cryptocurrency Rules, Potential $9 Million ICO Fundraising Cap and Mining Ban Highlighting the stability of fiat…
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Bitmain’s $50M ‘Permissionless Ventures’ First Project: BCH Dev Con
Cryptocurrency mining hardware giant, Bitmain, is sponsoring a Bitcoin Cash (BCH) hackathon in the United States — San Francisco, to be exact. For the China-based company, BCH Dev Con is the first project financed by its $50 million fund, Permissionless Ventures (PV). Also read: Mt. Gox Victims Must Take Claims to Tokyo, Not US, Judge…
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Chinese Investment Firm Buys US Department of Defense Office, Transforming Into Crypto Mining Farm
A U.S. Department of Defense data center will be transformed into a cryptocurrency mining farm later this by the Chinese investment firm Wuhan General Group, which recently purchased the facility. Advancing the Mining Economy Based on successive rounds of negotiation, the mining rigs will begin arriving in October. Wuhan voiced the usual narrative of choosing…
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![[ANN] Explore Blockchain Hubs Around the World with ‘CryptoSlate Places’](https://amazingcrypto.com/wp-content/uploads/2018/09/place-example-places-1024x828.jpg)
[ANN] Explore Blockchain Hubs Around the World with ‘CryptoSlate Places’
The blockchain community is undoubtedly a global, decentralized assortment of people and companies working collectively on an ever increasing wide scope of projects and potential use cases. Accordingly, the extensive breadth of valuable blockchain information can be quite difficult to parse. In an effort to unify and integrate this domain, our newest feature, CryptoSlate Places, is designed…
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EU Finance Ministers Stall on Crypto Regulation
EU finance ministers have sidelined a think tank report calling for stricter cryptocurrency regulation within the European Union, citing a need for caution in developing a nuanced approach to the potential risks presented by the cryptocurrency market. The EU’s delay in composing a definitive crypto regulation strategy coincides with failed regulatory action in China, where…
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Chinese Regulators Struggle to Halt Illicit Trading, Exchanges Switching Domain Names
The Chinese cryptocurrency ban is proving to be far more difficult for regulators to enforce than anticipated. The Central Bank of China released a July report announcing the success of the country’s cryptocurrency ban, stating that the influence of the Chinese Yuan on the cryptocurrency market—which previously accounted for 90 percent of global trading volume…