Category: chinese

China Favors Tron and EOS in New Crypto Ranking But Downgrades Bitcoin

China Favors Tron and EOS in New Crypto Ranking But Downgrades BitcoinChina’s Center for Information and Industry Development has released its latest crypto project ranking. Tron and EOS top the list out of the 35 crypto projects evaluated while Bitcoin has been downgraded slightly. The center also evaluated the projects independently based on basic technology, applicability, and creativity. Also read: SEC Chair Explains Key Upgrades Needed […]

The post China Favors Tron and EOS in New Crypto Ranking But Downgrades Bitcoin appeared first on Bitcoin News.

Continue Reading

Chinese Government Officials Targeted With Ransomware, North Korea Suspected

Chinese Government Officials Targeted With Ransomware, North Korea SuspectedA statement issued by the People’s Government of Yiling District, Yichang has revealed that Chinese officials have been the target of a ransomware email attack in recent days. Also Read: Late Quadrigacx CEO Used Personal Funds to Fulfill Withdrawals Chinese Government Officials Face Ransomware Attack A statement issued by a Chinese provincial government website has […]

The post Chinese Government Officials Targeted With Ransomware, North Korea Suspected appeared first on Bitcoin News.

Continue Reading

China’s Wenzhou Residents Bolster the Idea of a ‘Blockchain Village’

Wenzhou Investors From China Bolster the Idea of a 'Blockchain Village'According to regional reports from China, a village located within the Wenzhou, Zhejiang region called Yuedong has been gathering attention due to its receptiveness toward cryptocurrencies and blockchain technology. In consonance with social media posts on Weibo, roughly 60 percent of the residents in Yuedong know about cryptocurrencies and many of the villagers have invested […]

The post China’s Wenzhou Residents Bolster the Idea of a ‘Blockchain Village’ appeared first on Bitcoin News.

Continue Reading

China’s New Crypto Ranking: Bitcoin Upgraded, Tron Debuts Near Top

China's New Crypto Ranking: Bitcoin Upgraded, Tron Debuts Near TopChina’s Center for Information and Industry Development has released its latest ranking of crypto projects. A total of 35 projects were evaluated this month, with Tron debuting near the top of the list. Meanwhile, Bitcoin has climbed up the ranking slightly. Also read: Bitcoin Climbs up China’s First Crypto Ranking of 2019 New Ranking, Tron […]

The post China’s New Crypto Ranking: Bitcoin Upgraded, Tron Debuts Near Top appeared first on Bitcoin News.

Continue Reading

Satoshi’s Bitcoin Whitepaper Is Now Available in Arabic and Hindi

Satoshi’s Bitcoin White Paper is Now Available in Arabic and HindiOn Jan. 22, blockchain infrastructure firm Bitfury announced during the World Economic Forum in Davos that Satoshi Nakamoto’s Bitcoin whitepaper has been translated into Arabic and Hindi for the first time. The translations of the paper “Bitcoin: A Peer-to-Peer Electronic Cash System” can now be read by the millions of people around the world who […]

The post Satoshi’s Bitcoin Whitepaper Is Now Available in Arabic and Hindi appeared first on Bitcoin News.

Continue Reading

Number of Chinese Crypto Lawsuits Doubles in 2018

According to China Judgements Online, a database of Chinese court documents, half of all lawsuits pertaining to cryptocurrencies were filed last year, highlighting an increase in fraudulent activity despite China’s regulatory crackdown. The database indicates that at least 202 cryptocurrency scams were promoted via more than 3,000 different platforms. Also Read: Indian Central Bank’s Report Shows […]

The post Number of Chinese Crypto Lawsuits Doubles in 2018 appeared first on Bitcoin News.

Continue Reading

1 in 7 Chinese Have Invested in Cryptocurrency 

A survey conducted by Panews has found that 14% of Chinese citizens have invested in cryptocurrencies. The survey also found that 98% of respondents indicated familiarity with the concepts of cryptocurrency and bitcoin – 3% more than those who stated that they had heard of blockchain technology. Also Read: Skeptical Payoneer CEO Dismisses Idea of Single […]

The post 1 in 7 Chinese Have Invested in Cryptocurrency  appeared first on Bitcoin News.

Continue Reading

Taiwanese Police Arrest Miner Accused of Stealing Millions in Power

Taiwanese Police Arrest Miner Accused of Stealing Millions in PowerA man with the Surname of Yang has been accused of stealing 100 million Taiwanese dollars (nearly $3.25 million) worth of electricity to mine cryptocurrencies. Yang is suspected of stealing power from 17 different stores in Northern Taiwan to fuel his mining operations. Also Read: The Daily: UFC 232 to Have Official Crypto Partner, 5% of […]

The post Taiwanese Police Arrest Miner Accused of Stealing Millions in Power appeared first on Bitcoin News.

Continue Reading

50% of Chinese Stock Exchange Companies Investigated Fail to Demonstrate Real Applications for Blockchain

Chinese Stock Exchanges Investigate Blockchain Companies, Half Fail to Demonstrate DLT ApplicationsAccording to Chinese state media, the Shanghai and Shenzhen stock exchanges have carried out investigations into 30 percent of companies listed on their exchanges that are performing operations pertaining to distributed ledger technology (DLT). Of the companies investigated, less than half were able to demonstrate applications for blockchain technology. Also Read: Chatter Report: Vitalik Doesn’t Believe […]

The post 50% of Chinese Stock Exchange Companies Investigated Fail to Demonstrate Real Applications for Blockchain appeared first on Bitcoin News.

Continue Reading

China Now Ranks 34 Crypto Projects

China Now Ranks 34 Crypto ProjectsChina’s Center for Information and Industry Development has released its latest crypto project ranking. The center evaluated one more crypto project this month, bringing the total number of ranked projects to 34. Bitcoin has been downgraded while the top two positions remain unchanged. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations […]

The post China Now Ranks 34 Crypto Projects appeared first on Bitcoin News.

Continue Reading

PBOC Deputy Governor Calls STOs ‘Illegal Financial Activity’

Local media has reported that the People’s Bank of China (PBOC) has banned security token offerings (STOs). Pan Gongsheng, a deputy governor of the PBOC, has mobilized the same rhetoric used with regard to initial coin offerings (ICOs) in describing STOs, accusing security token offerings of comprising “illegal financial activity.” Also Read: Federal Agents Told This […]

The post PBOC Deputy Governor Calls STOs ‘Illegal Financial Activity’ appeared first on Bitcoin News.

Continue Reading

Chinese Government-Backed Company to Launch Stablecoin by February

Grandshores Technology Group is a public company affiliated with a 10 billion yuan ($1.5 billion) fund backed by the government of Hangzhou, the capital of China’s Zhejiang Province. It is known to be developing a new stablecoin, which is now expected to hit the market by February 2019. Also Read: Paxful Completes Second School in […]

The post Chinese Government-Backed Company to Launch Stablecoin by February appeared first on Bitcoin News.

Continue Reading

China Revises Crypto Ranking — BTC Upgraded

China’s Center for Information and Industry Development has updated its crypto project ranking for this month, moving BTC up several places while still favoring EOS and Ethereum. The center explains its evaluation model and outlines future projects. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations China’s Crypto Ranking Update China’s Center […]

The post China Revises Crypto Ranking — BTC Upgraded appeared first on Bitcoin News.

Continue Reading

Chinese Startup Gets Crypto Custodial Services License in Hong Kong

Chinese Startup Gets Crypto Custodial Services License in Hong KongCryptocurrency custodians are third parties that store large amounts of digital assets for institutions, hedge funds, exchanges and issuers of initial coin offerings. Companies in Hong Kong now have a new locally regulated option, which could help to increase investor confidence. Also Read: You Can Now Withdraw Split BCH and BSV Coins From Coinex Keep […]

The post Chinese Startup Gets Crypto Custodial Services License in Hong Kong appeared first on Bitcoin News.

Continue Reading

Grant Thornton Attests USDC Is Backed by Fiat, Huobi Sets Up Communist Party Branch

Grant Thornton Attests USDC is Backed by Fiat, Huobi Establishes Communist Party BranchIn exchange news, we look at a major accounting firm’s attestation that all USDC tokens issued by Circle are fully backed by fiat dollars. We also focus on a Huobi Group subsidiary that has set up a Chinese Communist Party branch, as well as Bakkt, which has listed the reasons behind its move into bitcoin. […]

The post Grant Thornton Attests USDC Is Backed by Fiat, Huobi Sets Up Communist Party Branch appeared first on Bitcoin News.

Continue Reading

The Daily: BTC Spot Index Launches, Futures Platform Delayed

The Daily: BTC Spot Index Launches, Futures Platform DelayedIn today’s edition of The Daily, we cover a number of developments in the institutional segment, including a new BTC spot index, a delay in the launch of a futures platform and an investment by Binance in an over-the-counter (OTC) trading desk in San Francisco. We also cover an investigation into Tether and, on a […]

The post The Daily: BTC Spot Index Launches, Futures Platform Delayed appeared first on Bitcoin News.

Continue Reading

Regulations Roundup: Chinese Mining Farms Undergo Tax Inspection, Michigan Bans Campaign Donations in Cryptocurrency

Regulations Roundup: Chinese Mining Farms Undergo Tax Inspection, Michigan Bans Campaign Donations in CryptocurrencyIn recent regulatory news, we report on an authorized mining company in China that has had its operations temporarily halted for tax inspection and implementation of real-name registration processes. We also look at the Michigan Secretary of State’s ban on crypto-based political donations, as well as the recent certification of X8’s stablecoin for Shariah compliance. In addition, […]

The post Regulations Roundup: Chinese Mining Farms Undergo Tax Inspection, Michigan Bans Campaign Donations in Cryptocurrency appeared first on Bitcoin News.

Continue Reading

China Targets ‘Disguised’ ICOs in Crypto Crackdown Update

China Targets 'Disguised' ICOs in Crypto Crackdown UpdateThe People’s Bank of China (PBOC) has discussed the regulation of cryptocurrencies and initial coin offerings (ICOs) in a recently published report that highlights its plan to crack down on “airdrops,” while laying the groundwork to potentially issue its own virtual currency. Also Read: Venezuela’s Supreme Court Orders Payment in National Cryptocurrency Report Highlights Plan to […]

The post China Targets ‘Disguised’ ICOs in Crypto Crackdown Update appeared first on Bitcoin News.

Continue Reading

China Updates Crypto Ranking, Downgrades BTC Further

China Updates Crypto Ranking, Downgrades BTC FurtherChina’s Center for Information Industry Development has updated its ranking of 33 crypto projects, evaluated in three separate categories as well as overall. BTC has been downgraded further since the center’s previous update while EOS and Ethereum still top the overall ranking. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space New Ranking The China […]

The post China Updates Crypto Ranking, Downgrades BTC Further appeared first on Bitcoin News.

Continue Reading

China Seeks Public Feedback on Draft DLT Regulations

China Seeks Public Feedback on Draft DLT RegulationsThe Cyberspace Administration of China (CAC) has announced that it will accept public feedback through Nov. 2 on draft rules it recently published to regulate blockchain projects, but the proposed legislation has already drawn a mixed response from distributed ledger technology (DLT) analysts. Also Read: Bitstamp Confirms Acquisition by South Korean Company Strict Rules for DLT Users […]

Continue Reading

The Daily: Outcry Over Censoring of Gab, Chinese State Media Plugs Bitcoin Book

In today’s edition of The Daily, we focus on the crypto community’s alarm over the de-platforming of a social media network in response to a shooting incident in the U.S. We also look at a recent Bitcoin book recommendation on a Chinese TV show, as well as a North Korean attempt to scam investors. Also Read: […]

The post The Daily: Outcry Over Censoring of Gab, Chinese State Media Plugs Bitcoin Book appeared first on Bitcoin News.

Continue Reading

Regulations Roundup: Shenzhen Court Recognizes Bitcoin, Coinbase Lawsuit Dismissed

Regulations Roundup: Shenzhen Court Recognizes Bitcoin, Motion to Dismiss Coinbase Case GrantedIn recent regulatory news, a Shenzhen court has ruled in favor of protecting an “equity transfer agreement” involving bitcoin, the judge presiding over a class action lawsuit against Coinbase has granted a motion to dismiss, and an Australian woman has been arrested for stealing 100,000 XRP following a 10-month investigation. Also Read: Regulations Roundup: SEC Considers […]

The post Regulations Roundup: Shenzhen Court Recognizes Bitcoin, Coinbase Lawsuit Dismissed appeared first on Bitcoin News.

Continue Reading

Regulations Roundup: Investors Not Protected in China, Albania to Regulate

Regulations Roundup: Investors Not Protected in China, Albania to RegulateIn recent regulatory news, a court in China’s Futian District has ruled that cryptocurrency investments are not protected by law, Albania’s government has indicated that it intends to develop a regulatory framework for crypto, and the United States Securities and Exchange Commission has published a memorandum from a recent meeting pertaining to the proposed Vaneck […]

The post Regulations Roundup: Investors Not Protected in China, Albania to Regulate appeared first on Bitcoin News.

Continue Reading

Trump Tariffs to Impact Chinese Mining Hardware Manufacturers

Trump Tariffs to Impact Chinese Mining Hardware ManufacturersThe escalating U.S. – China trade war threatens to have an adverse impact on the operations of Chinese mining equipment manufacturers, with imports of mining hardware now facing stateside tariffs of more than 25 percent. Also Read: Former CFTC Chair Advocates ‘Tech Neutral’ Cryptocurrency Regulations  Harsh Hardware Duties In June, the Office of the United […]

The post Trump Tariffs to Impact Chinese Mining Hardware Manufacturers appeared first on Bitcoin News.

Continue Reading

By continuing to use the site, you agree to the use of cookies. more

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close