Bitcoin Blockchain and Cryptocurrency News Center
View Bitcoin prices are rebounding from a five-month low touched earlier this week. Chinese President Xi Jinping said his country should seize opportunities afforded by blockchain, the technology that underpins bitcoin. Despite China’s ban on cryptocurrency exchanges in 2017, the comments from the leader of the world’s second-largest economy could boost sentiment toward digital assets […]
Cryptocurrency exchange Binance, the world’s largest by trading volume, has made a strategic investment in Chinese media and data source Mars Finance. According to a report from Bloomberg citing a press release, the investment amount was not disclosed, but values the company at $200 million. Aside from Binance, which reportedly made its first strategic investment in China […]
As the US-China trade war continues, Bitcoin price may soar even higher provided that China gets rid of US Treasury bonds, the U.Today reported. The US president Trump continues the trade war with China and chances are high that it may go on to the US bond market field, writes Forbes. Should in this case China begin to […]
China updated its cryptocurrency rankings on May 23 — with eos retaining the top spot and bitcoin moving up three places, the CoinTelegraph writes. The government-sponsored index assessed each blockchain on three criteria: technology, application and innovation. Joining EOS in the top five was tron, ether, steem and ontology. Despite its dominance in the crypto industry overall, Bitcoin was in 12th place. While […]
The use of blockchain technology in the financial sector still face many challenges according to a major Chinese researcher, local news agency Sohu reports on April 12. Wei Kai, head of blockchain research at the China Academy of Information and Communications Technology (CAICT), described roadblocks to the technology’s further adoption at a 2019 meeting of the International Chamber of Commerce (ICC) Banking Commission. […]
The Financial Stability Board has detailed how its member countries regulate crypto assets, who the regulators are, and the scope of their oversight. Most countries have more than one government body monitoring and regulating different aspects of crypto activities, the news.Bitcoin.com writes. Among the board’s Asian member countries, India is the only one with no […]
Huobi Group CEO Leon Li met with senior Argentinian finance officials this week to discuss the role of blockchain and crypto in the country’s economy, according to a press release shared with Cointelegraph on March 29. In a meeting in Beijing, Argentina’s Deputy Minister of Finance, Felix Martin Soto, claimed that the government should address crypto and blockchain tech as a way to promote Argentina’s financial inclusion […]
Blockchain will be one of the technologies local Chinese authorities will leverage in an overhaul of local transport infrastructure, a government bulletin reported on March 25. New plans recently approved reference blockchain, in addition to other disruptive tools such as big data and the Internet of Things (IoT), as being useful for implementation in the Jiangsu Province, north of Shanghai. A multi-year project called […]
Chinese insurance giant Ping An has partnered with Ethereum (ETH)-based decentralized artificial intelligence (AI) startup SingularityNET. The latter company announced the collaboration in a press release published on Medium on March 14. Per the release, the collaboration will at first focus on Optical Character Recognition (OCR), Computer Vision (CV) and model training. SingularityNET notes that the scope of the […]
As reported, Bitcoin miners in China are buying used equipment and making deals with mining farms and hydroelectric plants, betting abundant water this summer will make their businesses profitable again. That’s because during this season a significant amount of excess electricity is expected to be generated by hundreds of hydropower stations, especially in China’s mountainous […]