China’s Hunan province, a major blockchain hub in the country, is now establishing its first provincial blockchain zone in the city of Loudi. The central Chinese province of Hunan has approved the establishment of the Wanbao blockchain zone in the city of Loudi. It is the first provincial blockchain zone in Hunan province, according to…
Read more
A Duke University professor believes crypto has not acted as safe haven amid the challenges to the global economy. Cryptocurrencies have not been used as a safe haven amid challenges the global economy has faced at the beginning of the year, one expert says. The world has already seen a slew of market-shaking events this…
Read more
The tax bureau of Beijing has announced its blockchain invoicing pilot application today for a more eco-friendly, convenient and transparent future governance. The tax bureau of Beijing has officially announced that it will start implementing blockchain invoicing within the city on March 2. Beijing hopes blockchain invoicing can bring more transparency to taxpayers Beijing aims…
Read more
Crypto analyst Alex de Vries has claimed that carbon footprint of Bitcoin mining is on par with New Zealand, with the network’s power consumption equaling that of Chile. Alex de Vries, the founder of the Digiconomist, has given a damning assessment of the electricity consumed by Bitcoin (BTC) mining in an interview with British media…
Read more
Coronavirus keeps marching on the planet, drug dealers lose millions of dollars in BTC, while Tyler Winklevoss experiences his “Bitcoin pizza moment.” Check the bad crypto news of the past week The experts have had a rough few days. Anthony Pompliano, co-founder and partner at Morgan Digital Creek, spoke to CNN about Warren Buffett’s poor…
Read more
Former Vice President of CIRC of the Party talks about ICOs and cryptocurrency trading bans in China and CBDC is an important national strategic plan. Chen Weigang, former Vice President of China Insurance Regulatory Commission of the Communist Party, sat down with Yiben blockchain media on Feb 27 to talk about ICO regulations and digital…
Read more
FCoin announced it would reopen the exchange and draw a repayment scheme thanks to community cooperation, but can it compensate the thousands of Bitcoins it lost? The FCoin exchange has officially announced that it will relaunch operations. A committee was formed after the exchange announced insolvency, promising to eventually return users’ funds. The exchange’s existing…
Read more
Binance CEO Changpeng Zhao has overtaken Bitmain’s ousted co-founder Micree Zhan Ketuan in the latest Hurun Global Rich List. While China now has more billionaires than the United States and India combined, Binance CEO might have more money than any crypto person, a new report says. Binance CEO Changpeng Zhao has overtaken a co-founder of…
Read more
Chinese authorities have postponed research on the digital yuan as the coronavirus continues to spread globally. Research on a central bank digital currency (CBDC) in China has been delayed as the coronavirus epidemic continues. Global Times reported on Feb. 25 that the epidemic’s impact on staff has resulted in significant setbacks. A source familiar with…
Read more
By proposing the united regulatory framework for blockchain and crypto spaces, Europe would have a chance to surpass its main competitors: China and the U.S. Besides China’s ongoing struggle with the coronavirus, one of the defining narratives for the world’s largest country entering the new decade was its central bank-issued digital currency. Reportedly in its…
Read more
