Tag Archive: china

  • Altcoin News, Companies, Mining, News, News teaser

    Alibaba Dispels Cryptocurrency Platform Rumors [UPDATED]

    Despite yesterday’s market slide, crypto mania is still alive and kicking. More and more companies are investing in their own blockchain solutions and cryptocurrencies. It was thought that Chinese e-commerce giant Alibaba was doing so, but it now appears that such is not the case. Editor’s Note: After this article was published, new information was found that showed Alibaba is not providing mining platforms or creating their own cryptocurrency. The company issued a statement on

    · January 18, 2018 · 3:30 am
  • Bitcoin, Bitcoin Regulation, News, News teaser

    China Increases Pressure on Crypto Traders

    Markets are tumbling during Asian trading today as fears escalate of further clampdowns across the region. Authorities in China seem hell-bent on preventing their citizens trading in cryptocurrencies, which may have sparked a wave of panic selling across the board. According to reports, the Chinese government plans to widen its crackdown on domestic crypto trading by targeting methods for doing so, including over-the-counter trading, offshore sites used for centralized trading, and peer-to-peer trading of large

    · January 17, 2018 · 8:45 am
  • Bitcoin Altcoin Price, Altcoins, Bitcoin, Bitcoin Price, Emerging Markets, News, News teaser

    Dark Side Of The Moon: Bitcoin Sets Lunar New Year Lows For 3rd Time

    News of a fresh crackdown on cryptocurrency trading in China has added to stress on Bitcoin and altcoin markets, seeing assets lose 30% in hours. $200 Billion Disappears In New Downturn Bitcoin dipped around 13.7% to challenge $12,000 Tuesday as both South Korea and China present regulatory changes which could limit access even further for regular users. Despite local Korean news outlets forecasting that a “shutdown” on the cryptocurrency exchange space was “not likely” Monday,

    · January 16, 2018 · 5:30 am
  • India Eyeing Opportunity Amid China's Crypto Mining Exodus Altcoin News, Bitcoin, Mining, News, News teaser

    India Eyeing Opportunity Amid China’s Crypto Mining Exodus

    “When one door closes, another one opens,” so the saying goes. This is particularly relevant in crypto land where digital doors open and close daily. China’s crypto mining clampdown last week has sparked an exodus from the country to friendlier climes, and India has seen an opportunity. Cryptocurrency enthusiasts in India are being made offers to set up mining facilities according to reports. This has come despite the government’s still cautious stance on digital currencies.

    · January 12, 2018 · 11:30 pm
  • Could China Learn to Love Crypto Again? Bitcoin, Bitcoin Price, Bitcoin Regulation, News, News teaser

    Bobby Lee Defiant Against China, Expects Bitcoin to Hit $100,000 in 2018

    Bitcoin China chief executive Bobby Lee remains defiant in the face of the Chinese government, saying that Bitcoin will continue to thrive and go up in value. It’s always refreshing to come across a person who remains unbowed in the face of stiff opposition. One such person is Bobby Lee, the chief executive of Bitcoin China, the longest-running Bitcoin exchange in the world until it was shut down by the People’s Bank of China. Despite

    · January 11, 2018 · 3:30 am
  • The SEC Halts Trading in UBI Blockchain Internet Altcoin News, Blockchain Technology, Companies, Markets and Prices, News, News teaser

    The SEC Halts Trading in UBI Blockchain Internet

    The SEC has halted trading in shares of yet another publicly traded bitcoin company, Hong Kong-based UBI Blockchain Internet. Reports hit the press this week that the Securities and Exchange Commission (SEC) has halted trading of the Chinese blockchain company UBI Blockchain Internet. The agency cited potentially inaccurate information in the company’s disclosures as well as  “recent, unusual and unexplained market activity” as the factors behind its decision. Between December 11 and 18 last year, UBI’s

    · January 9, 2018 · 7:30 pm
  • Bitcoin, Mining, News, News teaser

    China’s Bitcoin Miners Moving to Avoid Clampdown

    There are growing concerns in the People’s Republic about the effect Bitcoin mining has on power consumption. So much so that the government has outlined proposals this week to restrict mining operations. The move has spurred a digital exodus as mining conglomerates seek friendlier lands. China’s crackdown on cryptocurrencies has widened to miners, according to a Bloomberg report. Officials plan to limit the power consumption to the industry and have asked local governments to guide

    · January 7, 2018 · 1:45 am
  • Altcoin News, Bitcoin, News, News teaser

    Anxious Asian Authorities Grapple with Crypto

    The nations of Asia are responsible for well over half of the total global volume of cryptocurrency trading. The Asian trading session often dictates how the rest of the day will play out when traders wake up in Europe and the US. However, the governments of the region are growing uneasy about the increasing appetite their people have for cryptocurrencies. One of the world’s largest exchanges, Bitfinex, is owned by a Hong Kong-based company. South

    · December 22, 2017 · 9:30 am
  • Bitcoin, Bitcoin Education, Mining, News, News teaser

    A Key Power Source for Bitcoin Mining – Coal

    The continuing rise in Bitcoin is being fueled extensively by coal as many Chinese Bitcoin mining farms rely upon coal-based power plants. Not everybody is celebrating the massive success that Bitcoin is enjoying this year. While some financial experts continue to scoff at cryptocurrency in general, another issue has arisen that’s gotten a number of people worked up. This particular issue is the power used to mine Bitcoin and to conduct transactions. Alarmists worry that

    · December 17, 2017 · 8:45 am
  • Chinese Tycoon Takes Big Stake in Crypto Exchange Bitcoin, Bitcoin Regulation, Blockchain Technology, News, News teaser

    Bitcoin Won’t Back down as China Continues Its Offensive

    This year saw Bitcoin break records, and it also saw one of its biggest supporters continue their clampdown efforts to aggressively regulate it. As Bitcoin continues to grow in both popularity and price, terms like “clamping down” and “regulation” are getting thrown around more frequently by some countries. Some of this may stem from fears that the cryptocurrency may replace their own controlled and centralized fiat currency. Some governments feel that crypto will pave the

    · December 11, 2017 · 10:30 am
  • OneCoin Altcoin News, Altcoin Price, Altcoins, News, News teaser

    Forget The Name? China’s New OneCoin Posts 80x Growth

    While China’s Localbitcoins market sets new records, investors appear to be piling in to a brand new Ethereum-based asset – OneCoin. CEO: We Didn’t Want The Speculation As Quartz reports Monday, the unfortunately named OneCoin, which domestic tech company Xunlei released in October, since achieved an all-time high of 80 times its original price. China has sought to ban crypto-to-fiat trading this year by closing down exchanges, and has also prevented any ICOs from raising

    · December 11, 2017 · 6:30 am
  • Bitcoin, Bitcoin Exchange, Companies, Emerging Markets, News, News teaser

    Huobi, SBI Group To Launch Two Japanese Exchanges In ‘Early 2018’

    Chinese exchange Huobi has announced it is launching two cryptocurrency exchanges in Japan in conjunction with the SBI Group. Huobi And SBI’s ‘In-Depth Cooperation’ Huobi, since China’s fiat exchange, ban has been actively looking to expand its international activities. It has now announced that it will develop “digital assets and financial services in Asia” via the partnership with the SBI Group. An accompanying press release from Thursday explains: According to the diversified needs of cryptocurrency investors,

    · December 7, 2017 · 7:00 am
  • People's Bank of China Deputy Governor: 'Bitcoin is Dying' Bitcoin, Bitcoin Regulation, Legislation, Markets and Prices, Mining, News, News teaser

    People’s Bank of China Deputy Governor: ‘Bitcoin is Dying’

    Once upon a time, China was the leader in bitcoin mining, accounting for an estimated 71% of the bitcoin mining market. But that bubble burst in September 2017 when the Chinese Central Bank completely banned all ICOs. In spite of the ban, Bitcoin has managed to flourish, increasing by over 144% since the ban. Still, China isn’t worried. According to the PBOC, Bitcoin is dying. Speaking at a financial forum in Shanghai over the weekend,

    · December 4, 2017 · 10:30 pm
  • Altcoin News, Bitcoin Investment, Ethereum, News, News teaser, Ripple

    Investors Should be More Careful in Which ICOs They Invest

    As Initial Coin Offerings are rising in popularity, experts are advising investors to be careful about fraudulent token sales. Fraudulent ICOs Initial Coin Offerings, or ICOs, have become increasingly popular over the past year. Many interesting projects and startups have decided to raise funds through ICOs instead of through venture capitalists. According to the cryptocurrency statistics website CoinSchedule, over $3 billion was invested in many different token sales this year alone. The reason why so

    · November 18, 2017 · 10:15 pm
  • mining Bitcoin, Bitcoin Regulation, Mining, News, News teaser

    China Bans Bitcoin Mining? Rumors Fly as Notices Appear In Press

    Chinese Bitcoin mining farms are reportedly receiving immediate cease and desist notices from authorities. Bitcoin Mining Now ‘Illegal’? Evidence surfacing on Twitter added to an article from local news outlet Caixing today, which stated electricity supplier in Szechuan province had said Bitcoin mining was now “illegal.” “Immediately stop supply power to bitcoin mining businesses upon receiving this notice,” a translated notice proclaiming the ban uploaded by 8btc and translated on Twitter states. If true, the

    · November 14, 2017 · 9:00 am
  • Bitcoin Exchange, Bitcoin Regulation, News, News teaser

    Chinese Cryptocurrency Traders Relocating to Other Asian Countries

    After the recent clampdown by the Chinese government, many cryptocurrency operators are looking to relocate to other Asian countries that are much more welcoming. There are quite a few interesting features surrounding cryptocurrencies, such as Bitcoin and Ethereum. Chief amongst these is decentralization, which means that the various facets of cryptocurrency, such as exchanges, are not constrained by national borders. This is something that Chinese authorities are now finding themselves having to contend with. The

    · October 30, 2017 · 7:00 am
  • Bitcoin Acceptance, Bitcoin Regulation, Bitcoin Taxes, News, News teaser

    John McAfee Says National Governments are Going to War Against Bitcoin

    At the Blockchain Global Summit event in Hong Kong, anti-virus pioneer John McAfee said that war between world governments and cryptocurrency has already started. Conflict is an integral part of life. A person struggles to find their way in the world, and businesses compete with one another to earn your dollar and trust. It is in the economic realm where conflict is constant, and the rise of Bitcoin and other cryptocurrencies have led to struggles

    · September 23, 2017 · 11:04 am
  • Bitcoin Politics, Bitcoin Regulation, Blockchain Technology, News, News teaser

    China’s ICO Clampdown Possibly Only Temporary Says China Expert

    The deputy director of the Chinese Academy of Social Sciences, a top think tank based in Beijing, says that China’s ICO ban is likely a temporary stop rather than a permanent decision. Wang Jifeng at The Chinese Academy of Social Sciences, which is closely affiliated with the PRC’s State Council, argued that the decision concerning the ICO ban is not likely to be permanent in a CCTV interview. The initial stop move was taken by the government

    · September 7, 2017 · 1:15 pm
  • Don't Dream It's (ICO)ver! Hong Kong Maintains Leeway As China Bans Bitcoin, News, News teaser

    Don’t Dream It’s (ICO)ver! Hong Kong Maintains Leeway As China Bans

    The same week China banned ICOs outright, Hong Kong regulators have released a “cautionary statement” to prospective investors. Hong Kong Stays Softer On ICOs The Chinese autonomous territory, despite the increasing influence from Beijing on its internal affairs, has so far opted to follow the example set by more lenient jurisdictions regarding cryptocurrency regulation. The statement, which was publicly published Tuesday on the Hong Kong Securities and Futures Commission (SFC) website, reiterates the message that

    · September 5, 2017 · 10:15 pm
  • China ico Altcoins, Bitcoin, Bitcoin Regulation, Emerging Markets, Ethereum, News, News teaser

    IC-No! China bursts Initial Coin Offering Bubble

    Chinese regulators have today taken the unprecedented move of banning all ICOs. This follows news last week that authorities intended to implement stricter regulations to protect investors from fraud. The People's Bank of China released a statement saying that all ICO's should be stopped immediately. $ETH #Bitcoin https://t.co/x3Ip2nJffY — WhalePanda (@WhalePanda) September 4, 2017 That’s one way to protect them There’s more… According to the joint statement issued by the People’s Bank of China and several regulatory commissions: Organizations

    · September 4, 2017 · 8:42 am
  • People's Bank of China Altcoins, Bitcoin, Bitcoin Regulation, Emerging Markets, News, News teaser

    Chinese Regulators are Targeting ‘Pyramid Scheme’ ICO’s

    After initiating withdrawal controls on Chinese cryptocurrency exchanges, Chinese regulators are now shifting their focus to Initial Coin Offerings. China to Crack Down on ICOs? According to a new draft legislation, Chinese regulators have expressed their intentions to implement stricter regulatory measures for Initial Coin Offerings or ICOs. China Securities Regulatory Commission is currently in talks with a few Blockchain enterprises. The Commission has expressed their particular concern with pyramid schemes in the form of

    · August 29, 2017 · 10:00 am
  • Blockchain Technology, News, News teaser

    China’s First Blockchain Platform AntShares Rebrands to NEO

    In a meeting at Microsoft’s headquarters in Beijing, China, AntShares, China’s first open-source blockchain platform, announced their future development plans.  The Meeting In late July the AntShares team hosted a conference at Microsoft’s headquarters in Beijing, China. 200 people from different organizations, including investors, industry specialists and representatives of the Chinese financial and mainstream media attended the event. Founded by Onechain, the Chinese blockchain platform announced major plans to rebrand the platform from Antshares to

    · July 23, 2017 · 8:30 pm
  • Improving Public Services Through Blockchain Technology Blockchain Technology, FinTech, News, Services

    Improving Public Services Through Blockchain Technology

    Idealists have labored on and on about the thousands of potential uses for blockchain services since its inception. As a host of blockchain-based projects and services continue to emerge, we are finally beginning to see the fruits of that labor. Speeding up Administrative Congestion The technology under the hood, known as a blockchain, is being tested more and more to see how it can change different services around the world. From currencies to record keeping,

    · June 25, 2017 · 9:30 pm