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The best efforts of mainstream media to spark another price crash fail as BTC/USD rebounds after a mere 10% drop, the Cointelegraph reported. Bitcoin (BTC) saw a fresh price dip on May 21 amid reports that China had reiterated its pledge to crack down on mining and trading. China and Bitcoin: Old news Data from Cointelegraph […]
Ripple’s executive chairman has slammed U.S. lawmakers for losing the blockchain arms race to China, the Cointelegraph reported on October, 7. Speaking at the LA Blockchain Summit conference on October 6, Ripple co-founder, Chris Larsen, slammed the United States for falling behind in the race to design “the next generation of the global financial system.” The address expanded on […]
Bitcoin is holding its intraday gains above $9,100 on Thursday. But the cryptocurrency risks downside correction as the U.S. futures hint at a shaky start after New York opening bell Thursday. The unsteadiness surfaced as China approved a proposal for a national security law in Hong Kong, raising possibilities of a new geopolitical conflict with […]
This week the price of Bitcoin (BTC) surged more than 15%, reaching a high at $7,200 before pulling back into the $6,800 range. Despite the recovery, Bitcoin still has a way to go in order to reach the $8,000 level seen before the coronavirus-triggered selloff on March 12. Cryptocurrency market performance. Source: Coin360 The drop had several consequences […]
Chinese blockchain spending in areas of investment and financing deals has dropped over 40% in 2019, according to a new study by state-run sources. Over the course of 2019, China totally had 245 investment and financing deals, which is nearly 60% less than in the preceding year. Chinese blockchain investment spending has seen the biggest […]
Chinese internet giant Alibaba Group has won two U.S. patents designed to make its blockchain network safer and faster, the CoinDesk reported. One patent aims to reduce the time to verify block data, while the other is designed to help participants set a validity period for a transaction in a blockchain network. Both of the […]
Chinese authorities shut down local cryptocurrency exchange BISS and arrested 10 people suspected of being involved in its operations, the CoinTelegraph announced. Local media Sohu reported on the actions undertaken by Chinese authorities on Nov. 22. However, the date at which the event itself took place is unclear. The same day, founding partner of blockchain-based investment company […]
The Guangzhou government has announced a $140 million subsidy fund to encourage the development of blockchain initiatives, the CoinTelegraph reported on October 30. The local authorities are reportedly planning to spend 1 billion yuan ($141 million) to selectively sponsor two blockchain-related projects per year, according to a tweet of a senior exec at crypto investment holding firm […]
The news has all been China this weekend and its native crypto assets have been on fire. From bully to hero, Beijing has boosted crypto markets by 25% in just two days. Bitcoin led the rally but a slew of Chinese crypto coins are surging today, and Tron is one of them. China Crypto Rankings […]
Top Stories This Week Bitcoin price back over $10,000 following 36% gains on the day The world’s largest cryptocurrency has had us all in for a white-knuckle ride this week. Wednesday saw Bitcoin (BTC) crash $500 in a matter of minutes and sink to $7,500 — a five-month low. Saturday was a different story. At one point, […]