Cryptocurrency News
In a surprising turn of events, the Shanghai No.2 Intermediate People’s Court in China has officially recognized Bitcoin as a unique and non-replicable digital asset while acknowledging its scarcity and inherent value. This landmark decision comes despite the Chinese government’s hostile stance on cryptocurrencies, including a blanket ban on all […]
China has banned Bitcoin multiple times, but Bitcoin has always managed to bounce back. The first ban was in 2013, when the People’s Bank of China (PBOC) issued a notice prohibiting financial institutions from using or trading Bitcoin. The PBOC also warned against the risks of Bitcoin investing, citing its […]
China’s commitment to the blockchain sector remains steadfast as it gears up to develop blockchain infrastructure in Shanghai by 2025. The city’s governor unveiled an implementation plan on July 31st, outlining the strategic goal of advancing Shanghai’s digital development. The plan is set to promote the widespread application of blockchain […]
In 2023, the landscape of cryptocurrency trading within the world’s biggest banks is showing signs of evolution. While 74% of the top 50 global banks by assets under management have embraced crypto trading by connecting to regulated exchanges like Binance and Coinbase, they have yet to support retail crypto trading […]
It is a well-known fact that China wants to go all-in on blockchain technology. Launching a public resource bidding platform based on this technology is one way of pushing that agenda. Various blockchain projects are under development in China today. Using Blockchain to Allocate Public Resources If everything goes according […]
During the COVID-19 pandemic, virtually the entire world has turned to online communication tools and software. Zoom is by far the most popular offering on the market, although it too will bend the knee to China’s government like anyone else. A lot of things are happening behind the scenes of […]
It is a well-known fact that the Chinese government wants to fully embrace blockchain technology. The timeline for doing so ha snot been moved up, yet all participants are urged to meet the deadline as soon as possible. China is preparing to enter the digital age by transforming processes all […]
Even though the coronavirus wreaks havoc globally, some things will never change. More specifically, hackers in China are still going about their business as if nothing else goes on in the world. Chinese hackers are always up to something, regardless of what goes on in the world. Coronavirus Won’t Stop […]
The digital currency developed by the Chinese central banks and government will certainly be something to behold. It now seems that the first trial run of the currency is underway. It has been rumored for some time now, but China’s national digital currency has finally arrived. China’s Digital Currency Trials […]
China is known for making some very interesting decisions at very random intervals. One of those decisions will affect online gaming, especially when it comes to interacting with non-Chinese players. The future of gaming in China will look very different in the near future. China Cracks Down on Online Gaming […]
The coronavirus keeps dominating media headlines, and making life difficult for a lot of companies. In the case of Tesla, it seemingly has the opposite effect, at least where its sales figures in China are concerned. China was the first country in the world to deal with the novel coronavirus. […]
China has made its blockchain ambitions very clear in the past few months. One of the ventures the government will focus on is a sovereign blockchain to be used by the Chinese Central Party School. More and more details have come to light regarding China’s vision of blockchain technology. China […]
Medical supplies have become a crucial commodity during the novel coronavirus crisis. SF Express, a courier in China, is now turning its attention to blockchain to streamline its delivery processes. There are many potential applications for blockchain technology. A Bold Venture by SF Express Unlocking the full potential of distributed […]
The coronavirus outbreak continues to throw up very surprising developments. It has even forced President Xi Jinping to come out and tour Beijing to oversee efforts to contain the epidemic. Albeit a Presidential visit won’t alleviate any symptoms, the Chinese public will be pleased to see him in the open […]
The coronavirus outbreak continues to dominate media headlines all over the world. It is now officially confirmed that this virus is deadlier than SARS, in terms of total lives claimed. In the beginning, no one took the coronavirus threat too seriously. Can the Coronavirus be Stopped Soon? Three months later, […]
The coronavirus has affected many aspects of life in China. Contrary to what most people assume, it can affect Bitcoin mining operations as well. One mine located in a remote suburb has been shut down as a precautionary measure. Coronavirus and Bitcoin Mining It appears the mine is operated by […]
A lot of people wonder about China’s CBDC. Little information has come to light so far, yet new details continue to trickle in over time. In the most recent update, some of the suspicions have been confirmed by official sources. China’s CBDC Will be Fully Centralized First of all, this […]
China’s stance on cryptocurrencies and digital assets seemingly hasn’t changed much. However, when it comes to handling Facebook’s Libra, battle lines may be drawn fairly soon. More specifically, the central bank is closely monitoring this situation. China Might Regulate the Libra After all A PBoC deputy governor wants China to […]