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Hong Kong Crypto China
News
Hong Kong Crypto China
News

With US Sanctions Likely, A Crypto Settlement Crisis Looms in Hong Kong

The Maintenance of the National Security Law was on June 30, 2020, swiftly passed during the meeting of the 13th NPC Standing Committee effectively “gaging” Hong Kongers. The law comprise three ordinances that make up the city-state’s penal law. The National Security Law Trigger Specifically, the Society’s Ordinance covers elements relating to national security. It

The Maintenance of the National Security Law was on June 30, 2020, swiftly passed during the meeting of the 13th NPC Standing Committee effectively “gaging” Hong Kongers. The law comprise three ordinances that make up the city-state’s penal law. The National Security Law Trigger Specifically, the Society’s Ordinance covers elements relating to national security. It

Canaan Creative ASIC
Bitcoin News
Canaan Creative ASIC
Bitcoin News

Political Fights At Another Leading Bitcoin Miner Manufacturer, Co-founder Leaves Board

Reports from China indicate that senior executives of Canaan creatives, one of leading bitcoin miner manufacturer, have been fired. The purge at Hangzhou offices was instigated by Zhang Nan Geng—the founder. Xiangfu Liu, the co-founder, has also reportedly left the board.  Power Struggle At Bitcoin Miner Manufacturer Canaan The in-fighting–as a Twitter user revealed, stems from

Reports from China indicate that senior executives of Canaan creatives, one of leading bitcoin miner manufacturer, have been fired. The purge at Hangzhou offices was instigated by Zhang Nan Geng—the founder. Xiangfu Liu, the co-founder, has also reportedly left the board.  Power Struggle At Bitcoin Miner Manufacturer Canaan The in-fighting–as a Twitter user revealed, stems from

bitcoin-mining-geo-political-shift
Bitcoin News
bitcoin-mining-geo-political-shift
Bitcoin News

Bitcoin Miners to See a Big Geo-Political Shift from China to N. America, F2Pool

According to the observations made by F2Pool, in the latter half of the year, we could finally witness a more even distribution of total Bitcoin hash rate with the U.S. and Canada looking to compete with China’s dominance. China’s Dominance Developed by the University of Cambridge, the chart below plots the monthly distribution of hashrates

According to the observations made by F2Pool, in the latter half of the year, we could finally witness a more even distribution of total Bitcoin hash rate with the U.S. and Canada looking to compete with China’s dominance. China’s Dominance Developed by the University of Cambridge, the chart below plots the monthly distribution of hashrates

Blockchain China Chainlink
Altcoin News
Blockchain China Chainlink
Altcoin News

China’s National Blockchain Services Network (BSN) Is Integrating Chainlink

In a move that further cements the importance of vetted, real-world data, China’s Blockchain Services Network (BSN) will integrate Chainlink and its vast network of decentralized oracle systems to governments, enterprise and individual decentralized applications (dApps) running on the BSN via the IRITA interchain service hub, as per a press release on June 23, 2020. SNZ Pool,

In a move that further cements the importance of vetted, real-world data, China’s Blockchain Services Network (BSN) will integrate Chainlink and its vast network of decentralized oracle systems to governments, enterprise and individual decentralized applications (dApps) running on the BSN via the IRITA interchain service hub, as per a press release on June 23, 2020. SNZ Pool,

crypto tether china
Blockchain
crypto tether china
Blockchain

China, Brazil Most Likely To Opt For Crypto As Alternative To Fiat

Deloitte’s latest survey suggests that inclination towards the use of blockchain technology as well as cryptocurrencies has witnessed a significant surge over the years. Citizens of China and Brazil consider the replacement of fiat currencies with cryptocurrencies.  Blockchain Tech Garners More Boosters Blockchain technology has garnered many enthusiasts across the world. Several countries, as well

Deloitte’s latest survey suggests that inclination towards the use of blockchain technology as well as cryptocurrencies has witnessed a significant surge over the years. Citizens of China and Brazil consider the replacement of fiat currencies with cryptocurrencies.  Blockchain Tech Garners More Boosters Blockchain technology has garnered many enthusiasts across the world. Several countries, as well

Cryptocurrency Mining
Bitcoin News
Cryptocurrency Mining
Bitcoin News

Bitcoin Miners Bank Cards Frozen By Chinese Authorities In Sichuan

There are fears of “bulk bank cards freezing” that has affected the operation of Bitcoin and crypto miners in the Chinese province of Sichuan according to local media reports. Reports show that several crypto mining and OTC operators’ bank cards were frozen. On follow up they were asked to conclusively verify that their sources of funds

There are fears of “bulk bank cards freezing” that has affected the operation of Bitcoin and crypto miners in the Chinese province of Sichuan according to local media reports. Reports show that several crypto mining and OTC operators’ bank cards were frozen. On follow up they were asked to conclusively verify that their sources of funds

China
Bitcoin News
China
Bitcoin News

Former Chinese Central Bank Official Points Out Bitcoin’s One Key Weakness

Bitcoin is the most successful commercial application of blockchain technology, suggests Wu Xiaoling the previous Deputy Governor of China’s Central Bank. However, she also points out Bitcoin’s weakness as a private currency. “Bitcoin, even as a private currency, has fatal weaknesses” A highly populated country like China, taking a keen interest in cryptocurrencies, has definitely posed as

Bitcoin is the most successful commercial application of blockchain technology, suggests Wu Xiaoling the previous Deputy Governor of China’s Central Bank. However, she also points out Bitcoin’s weakness as a private currency. “Bitcoin, even as a private currency, has fatal weaknesses” A highly populated country like China, taking a keen interest in cryptocurrencies, has definitely posed as

China Blockchain Fund
Blockchain News
China Blockchain Fund
Blockchain News

Is China In Process Of Creating A Specialized Blockchain Fund?

A proposal for the creation of a specialized blockchain fund has been forwarded by Jieqing Tan to the National People’s Congress (NPC) of China. The NPC is the strongest legislative body in the country and should the proposal be accepted, it will spell good news to the blockchain industry in the country. It should be

A proposal for the creation of a specialized blockchain fund has been forwarded by Jieqing Tan to the National People’s Congress (NPC) of China. The NPC is the strongest legislative body in the country and should the proposal be accepted, it will spell good news to the blockchain industry in the country. It should be

capitulation-halving
Bitcoin News
capitulation-halving
Bitcoin News

Bitcoin Miner Capitulation of the New Gen. Will Begin at This Price: Analyst

The total Bitcoin [BTC] hash-rate has fallen below COVID-19 crash levels, and this time around exit seems to be permanent for the older generation of miners. Nevertheless, there is a silver lining with the rainy season arriving in China. The levels around 85-90 million TH/s marked the bottom in hash-rates during the bear market of

The total Bitcoin [BTC] hash-rate has fallen below COVID-19 crash levels, and this time around exit seems to be permanent for the older generation of miners. Nevertheless, there is a silver lining with the rainy season arriving in China. The levels around 85-90 million TH/s marked the bottom in hash-rates during the bear market of

Bank of Canada (BOC) digital curencies stablecoins
Altcoin News
Bank of Canada (BOC) digital curencies stablecoins
Altcoin News

Will Declining Usage Of Cash Force Bank of Canada (BOC) To Launch Its Own Digital Currency?

There are two scenarios which will force the Bank of Canada (BOC) to issue its own digital currency. First, if cash as we know cannot serve its purpose as a utility, or second, if private digital currencies (stablecoins) become widespread. Given the state of the global economy, the likelihood of the first scenario coming to

There are two scenarios which will force the Bank of Canada (BOC) to issue its own digital currency. First, if cash as we know cannot serve its purpose as a utility, or second, if private digital currencies (stablecoins) become widespread. Given the state of the global economy, the likelihood of the first scenario coming to

china hydro electric power
Bitcoin News
china hydro electric power
Bitcoin News

Bitcoin [BTC] Mining Hashrate Expected to Rise Towards May End in China: Report

Bitcoin [BTC] mining hash-rate has dropped to March lows after as inefficient and old generation miners are being driven out by low profitability. Nevertheless, the arrival of the flood season by the end of the month is expected to cause an uptrend in hash-rate with the availability of cheap electricity.  Miners Asked to Side-Step China

Bitcoin [BTC] mining hash-rate has dropped to March lows after as inefficient and old generation miners are being driven out by low profitability. Nevertheless, the arrival of the flood season by the end of the month is expected to cause an uptrend in hash-rate with the availability of cheap electricity.  Miners Asked to Side-Step China

bitcoin china
Bitcoin News
bitcoin china
Bitcoin News

Gold Prices at All-Time highs against Chinese Yuan, What’s Next For Bitcoin[BTC]?

Bitcoin is on a roll. As central banks, especially the US Federal Reserve led by Jerome Powell are determined to prop an economy in throes thanks to the effects of the ravaging coronavirus, BTC is emerging as a go-to asset for investors across the world to store their value during this distressing economic crisis. However,

Bitcoin is on a roll. As central banks, especially the US Federal Reserve led by Jerome Powell are determined to prop an economy in throes thanks to the effects of the ravaging coronavirus, BTC is emerging as a go-to asset for investors across the world to store their value during this distressing economic crisis. However,

Ethereum ETH China
Altcoin News
Ethereum ETH China
Altcoin News

Crypto China: Recent Chinese Court Ruling Provides Digital Asset Ethereum[ETH] A Property Status

As per a recent ruling by Shenzhen court in China, Ethereum [ETH] is property with economic value and protected by the law, Chinese citizens are therefore not barred from owning and transferring these digital assets. The event took place when Li, a blockchain engineer was accused by the plaintiff, Haode Trade Co. Ltd, his former

As per a recent ruling by Shenzhen court in China, Ethereum [ETH] is property with economic value and protected by the law, Chinese citizens are therefore not barred from owning and transferring these digital assets. The event took place when Li, a blockchain engineer was accused by the plaintiff, Haode Trade Co. Ltd, his former

BitMEX
Bitcoin News
BitMEX
Bitcoin News

Coronavirus Update: BitMex Contributes $2.5 Million

The operator of BitMex—the cryptocurrency derivatives trading platform, HDR Global Trading Limited, will grant $2.5 million from their COVID-19 Response Fund to four of Gates Foundations’ partners. BitMex Help fight against Coronavirus The four include Our World Data, OpenMined, Nuclear Threat Initiative, and Gates Philanthropy Partners. The Nuclear Threat Initiative is led by Dr. Beth

The operator of BitMex—the cryptocurrency derivatives trading platform, HDR Global Trading Limited, will grant $2.5 million from their COVID-19 Response Fund to four of Gates Foundations’ partners. BitMex Help fight against Coronavirus The four include Our World Data, OpenMined, Nuclear Threat Initiative, and Gates Philanthropy Partners. The Nuclear Threat Initiative is led by Dr. Beth

Bitcoin gold
Stablecoin News
Bitcoin gold
Stablecoin News

Analysts on How Facebook and the US Congress are Promoting Cryptocurrency

Facebook revamps its model for Libra as it outlines new plans to offer digital versions of single FIAT currencies (or stablecoins). The team expects a launch in 2020 itself. ‘Congresswoman Rashida Tlaib and her counsel introduce an Automatic BOOST to Communities (ABC) Act Bill which proposes ‘digital dollar’ implementation. Libra 2.0 Facebook introduces Libra 2.0, a

Facebook revamps its model for Libra as it outlines new plans to offer digital versions of single FIAT currencies (or stablecoins). The team expects a launch in 2020 itself. ‘Congresswoman Rashida Tlaib and her counsel introduce an Automatic BOOST to Communities (ABC) Act Bill which proposes ‘digital dollar’ implementation. Libra 2.0 Facebook introduces Libra 2.0, a

China-Xi-Jinping-
Blockchain News
China-Xi-Jinping-
Blockchain News

National Bank in China Pilots Blockchain-based Digital Currency Mobile App

Reportedly, Agricultural Bank of China has launched a test-app for the Digital Currency/Electronic Payment system. The fear among Chinese citizen due to the spread of coronavirus via cash bills rampant. Digital Blockchain Program will accommodate other blockchain projects like a smart contract platform. China has ramped up its efforts to initiate the Digital Currency launch and

Reportedly, Agricultural Bank of China has launched a test-app for the Digital Currency/Electronic Payment system. The fear among Chinese citizen due to the spread of coronavirus via cash bills rampant. Digital Blockchain Program will accommodate other blockchain projects like a smart contract platform. China has ramped up its efforts to initiate the Digital Currency launch and

coronavirus vaccine gold bitcoin
Bitcoin News
coronavirus vaccine gold bitcoin
Bitcoin News

Coronavirus Takes-Down Europe, ‘US is 10 Days Behind Italy Now’: Crypto Analyst

The world seems to be its’ losing it’s order as the deadly Coronavirus continues it’s exponential spread. The number of cases in China seems have reduced drastically with only 13 new cases reported yesterday. Moreover, South Korea seems to have done a remarkable job by adopting wide-scale testing across the country. However, the total number

The world seems to be its’ losing it’s order as the deadly Coronavirus continues it’s exponential spread. The number of cases in China seems have reduced drastically with only 13 new cases reported yesterday. Moreover, South Korea seems to have done a remarkable job by adopting wide-scale testing across the country. However, the total number

world crypto
Editors' Picks
world crypto
Editors' Picks

Here Are The Top Countries Leading Crypto Adoption In 2020

Over the past three or four days there has been wild talk in cryptocurrency regulation as India, France and South Korea all witnessed pro-crypto regulations set in place. The three countries are part of the five top countries making waves in blockchain and crypto regulation in 2020 so far. 5. Panama One of the favorite

Over the past three or four days there has been wild talk in cryptocurrency regulation as India, France and South Korea all witnessed pro-crypto regulations set in place. The three countries are part of the five top countries making waves in blockchain and crypto regulation in 2020 so far. 5. Panama One of the favorite

Bitcoin BTC Hash Rate Rising
Bitcoin News
Bitcoin BTC Hash Rate Rising
Bitcoin News

Bitcoin (BTC) Hash Rate at a new-all-time high, Miners Unfazed by Coronavirus

The bitcoin (BTC) hash rate spiked and is now at a new all-time high according to new data streams from BitInfoCharts. At 120 EH/s, it appears as if traders and the investor community are unfazed by recent price drops. The world’s most valuable digital asset is trading below $8,500, and there are fears that the

The bitcoin (BTC) hash rate spiked and is now at a new all-time high according to new data streams from BitInfoCharts. At 120 EH/s, it appears as if traders and the investor community are unfazed by recent price drops. The world’s most valuable digital asset is trading below $8,500, and there are fears that the

Bitcoin News
Bitcoin News

CT Shames Ripple CEO for Spreading Misinformation on Bitcoin and Ethereum Mining

Leading crypto figures are criticizing Ripple CEO after he makes false claims about Bitcoin and Ethereum in a CNN interview.  Brad Garlinghouse, the CEO of Ripple notes that cryptocurrency and blockchain are going to provide a plethora of services and there will not be a single winner. According to him, different assets and platforms will

Leading crypto figures are criticizing Ripple CEO after he makes false claims about Bitcoin and Ethereum in a CNN interview.  Brad Garlinghouse, the CEO of Ripple notes that cryptocurrency and blockchain are going to provide a plethora of services and there will not be a single winner. According to him, different assets and platforms will