Category: China
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People’s Bank of China to Build Blockchain and Crypto Research Center to Test Digital Currencies
The People’s Bank of China (PBoC), China’s central bank, is expanding its blockchain technology and digital currency research efforts after several successful tests, according to CNStock. China’s Blockchain Push PBoC, the world’s largest bank by total assets, is increasing the scope of digital currencies- and blockchain-enabled finance in the Far East and has partnered with…
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Mainstream Media Narrative Sensationalizes Chinese Crypto Crackdown
An American academic has written an article criticizing dominant media narratives surrounding China’s regulatory actions pertaining to cryptocurrencies. The article’s author, Nicholas Krapels, asserts that “most casual observers of Chinese politics do not understand” that “by design, Chinese law maintains a grey area” and get caught up in the “clickbait-oriented sensationalist echo chamber” of contemporary…
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VeChain Partners with Chinese Insurance Firm to Create ‘Collaborative Ecosystem’ Using Thor Blockchain
China’s largest insurance conglomerate by total assets handled, the People’s Insurance Company of China (PICC), has partnered with VeChain, blockchain-based information tracking and governance systems company, with the goal of digitally transforming the insurance industry, according to a press release. China’s Blockchain Push Related: China Bans Crypto Events in Beijing, Blocks 124 Trading Platforms While the Chinese…
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Inside the Battle to Become the World Currency
As the former reserve currency of central banks and the default denomination of the global oil market, the U.S. dollar has dominated the world’s financial system for the past 70 years, as well as served as a safe-haven for those trying to escape their own, crumbling native currencies. However, the status of the greenback may…
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Nchain Publishes Bitcoin SV Alpha Release
Over the course of the last two weeks, many Bitcoin Cash (BCH) proponents were waiting for the firm Nchain to publish its Bitcoin SV codebase. Then on Wednesday, August 29, the company published its alpha release in order to show the code to miners and pool operators. Moreover, a mining pool called ‘SV Pool’ was…
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Chinese Investors Lead Cryptocurrency and Blockchain Funding in the US
Chinese investors are leading the pack for early-stage crypto funding in the U.S. and other regions, according to TechCrunch. The Chinese Crypto Foray In Silicon Valley, Chinese investment houses are often overlooked and substantially lack publicity, primarily due to small assets-under-management sizes and lower investment frequencies. In late-stage investment rounds, these funds are often lost…
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The Daily: Chinese Crackdown Continues, ICO Head Faces 15 Years in Prison
In today’s edition of Bitcoin in Brief we cover stories about the latest development in the ongoing Chinese government crackdown on online crypto forums, an ICO head who faces up to fifteen years in a US prison for securities fraud, and more. Also Read: Investor Portal Launches Jobs Board for Cryptocurrency Industry Chinese Crackdown Continues…
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Chinese Giant Baidu Joins Corporations in Cryptocurrency Crackdown
After WeChat and Tencent distanced themselves from cryptocurrency-related activities and businesses last week, the Chinese search engine Baidu stated it would actively work to eradicate cryptocurrency footprints from Chinese internet forums. Ban It All! According to China Times, Baidu stated it would ban forum topics and heavily censor comments about cryptocurrencies on both its search…