Chinese cryptocurrency mining hardware producer Bitmain is now poised for a rebound after hitting a rough patch. Chinese cryptocurrency hardware manufacturer Bitmain seems to be bouncing back after a streak of dismal reports. Earlier this week, a local industry blog revealed that the mining giant has accumulated over $300 million in revenue so far this…
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China has consolidated more than half of the world’s Bitcoin mining operations. What threats could the situation create? Could China take over the Bitcoin (BTC) ecosystem? It’s a very real possibility, and it could happen very quickly because China controls more than half of the world’s Bitcoin mining operations — upward of 65% of the…
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Fernando Carrillo is looking for opportunities in the crypto sphere after a long-time career acting in TV and film. Long-time Venezuelan actor and singer, Fernando Carrillo, has announced his retirement from acting. He has decided instead to venture into the crypto business. Starting May 1, Carrillo will become the CEO of Fight to Fame, though…
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Chinese Anhui province gov launches its first blockchain platform. The government of Anhui, a province in eastern China and a part of “Yangtze River Delta Economy Region”, has officially launched its first blockchain platform for providing government services. The launch occurred on April 30, according to local news reports. Starts with local law sector “Blockchain…
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As the global economy trembles, investors continue to find sanctuary in stablecoins, which have increased their market cap dramatically. As the global economy trembles, investors continue to find sanctuary in stablecoins. In the most recent 12-month period (ending April 29, 2020), the three top stablecoins — Tether (USDT), Circle (USDC) and Paxos (PAX) — increased…
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Chinese gov’s attitude towards crypto cannot change significantly in the short term, according to an expert. The attitude of the Chinese government towards crypto cannot change significantly in the short term, according to an expert. Ivan Plantonov, an analyst at Chinese-led international information service provider and investment research firm, EqualOcean, told Cointelegraph on April 29…
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The world’s largest crypto exchange, Binance, faced a series DDoS attacks on its Chinese domains on April 29. The world’s largest cryptocurrency exchange, Binance, has faced a series of distributed denial of service, or DDoS, attacks on its Chinese domains earlier today. Binance CEO and founder, Changpeng Zhao, or CZ, tweeted about the attacks on…
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China’s cyberspace commission has issued approvals for 224 blockchain projects, including ventures from the country’s major tech companies. China’s Office of the Central Cyberspace Affairs Commission (OCCAC) has announced its third round of blockchain projects to receive approval from the country’s regulators. 224 distributed ledger technology (DLT) ventures have been added to the commission’s registry,…
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Bank of China continues to strengthen fintech regulation, expanding pilot projects in six more cities and districts. Bank of China launched its first fintech innovation regulatory pilot project in Beijing last year. The bank announced plans to expand its regulatory pilot projects in six more cities and districts on April 27. The bank plans to…
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WeBank is the only bank ranked in the top 10 Global Banking Patents Rankings. China-based digital bank, WeBank, rose to third place for number of Blockchain patents filed globally in 2019. Alibaba and Tencent took the first and second places respectively. According to the report published on April 24, the digital bank has climbed from…
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