As excitement continues around the country’s sudden endorsement of blockchain, the local press reportedly seeks to dampen hopes of a reversal of its crypto ban. China should embrace blockchain technology but not “speculate” about cryptocurrencies such as Bitcoin (BTC), state media claim. State newspaper: “We must remain rational” As Reuters reported on Oct. 29 quoting…
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Chinese cryptocurrency mining giant Canaan Creative has filed for an initial public offering with the U.S SEC to raise $400 million. Chinese cryptocurrency mining giant Canaan Creative has filed to be a publicly-traded company in the United States. On Oct. 28, Canaan Creative filed for an initial public offering (IPO) with the U.S. Securities and…
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China’s foreign exchange regulator has warned that emerging markets need to muscle in on cryptocurrency-enabled illegal cross-border capital flows. China’s foreign exchange regulator has warned that emerging markets need to muscle in on cryptocurrency-enabled illegal cross-border capital flows. Sun Tianqi, the chief accountant of China’s State Administration of Foreign Exchange (SAFE), made the remarks at…
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China’s state-backed tech workgroup has released its fourteenth crypto rankings report, with Bitcoin ranked 11th and EOS retaining the top spot. China’s state-backed tech workgroup has released its fourteenth crypto rankings report, with Bitcoin (BTC) ranked 11th and EOS (EOS) retaining the top spot as of the end of September 2019. The listings rank 35…
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Stocks in Chinese blockchain A-share firms maxed out to their 10% daily limit after an endorsement of the technology from the highest echelons of power. Stocks in Chinese blockchain A-share firms maxed out to their 10% daily limit after an endorsement of the technology from the highest echelons of power. The stock market rally was…
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Even Bitcoin is getting an endorsement in an official app in China as local media claims platforms are removing anti-blockchain content. China is rapidly adopting a pro-blockchain stance following news it would bring in a so-called “crypto law” in January next year. China: Blockchain must be legitimate In a sign of China’s abrupt official about-turn…
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Bitcoin hits a five-month low and clocks 36% daily gains in a single week, and Congress unconvinced after Zuckerberg showdown. Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a…
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China is reportedly looking into the application of blockchain to cross-border financing, with particular attention devoted to risk management applications. China is looking into the application of blockchain and Artificial Intelligence (AI) to cross-border financing, Reuters reports on Oct. 27. Blockchain in risk management Lu Lei, the deputy head of the Chinese regulator State Administration…
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China has passed the first-ever law specifically aimed at regulating cryptography and password management taking effect on Jan. 1, 2020. The Standing Committee of the 13th National People’s Congress in China has passed a new law regulating cryptography on Oct. 26 that will take effect on Jan. 1, 2020, reports local news outlet CCTV. Per…
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China’s Xi calls blockchain technology an important breakthrough for independent innovation, urging to accelerate its development. China’s President Xi Jinping has called for the country to accelerate its adoption of blockchain technologies as a core for innovation. Xi made the comments at a Politburo Committee session on blockchain technology trends on Oct. 24. Blockchain adoption…
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