Huawei has signed a strategic cooperation agreement with the digital currency research unit of the People’s Bank of China. Multinational telecommunications and consumer electronics giant Huawei has signed a strategic cooperation agreement with China’s central bank, the People’s Bank of China (PBoC). According to a statement from Huawei’s WeChat channel on Nov. 4, PBoC deputy…
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After being pummeled by the 2018 crypto winter, two mining giants — Bitmain and Canaan — have filed for IPOs with the SEC in U.S. In 2017, Bitmain ruled the roost and all eyes were on China, but 2018 was a barren year for cryptocurrency. Prices plummeted. Companies crumpled. The long-awaited initial public offerings of…
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Over 10 million blockchain-based invoices have been issued in Chinese tech capital Shenzhen, local tax authorities have confirmed. Over 10 million blockchain-based invoices have been issued in Chinese tech capital Shenzhen, according to the Shenzhen Tax Service, as reported by English-language local news outlet Xinhuanet on Nov. 1. Tencent-developed blockchain platform The tax agency also…
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Fintech and regulation experts have said the United States needs to wake up to China’s proactive pursuit of a central bank digital currency. Fintech and regulation experts have said the United States needs to wake up to China’s proactive pursuit of a central bank digital currency. A Fortune report published on Nov. 1 pointed to…
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In a first since China’s crypto ban of 2017, Binance may be planning to open an office on the Chinese mainland. Major crypto exchange Binance may be returning to China, with a planned office to open in Beijing, sources say. Binance in exile Binance, which left China in September 2017 in response to the country’s…
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A veteran Chinese regulator urges those tasked with steering the strategic development of Sichuan province to tap surplus hydropower for the blockchain industry. A veteran Chinese regulator has told those tasked with steering the strategic development of Sichuan province to tap surplus hydropower for the blockchain industry. Jiang Yang — former vice-chairman of the China…
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Guangzhou government has announced a $140 million subsidy fund to encourage the development of blockchain initiatives. The Guangzhou government has announced a $140 million subsidy fund to encourage the development of blockchain initiatives. The local authorities are reportedly planning to spend 1 billion yuan ($141 million) to selectively sponsor two blockchain-related projects per year, according…
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Bakkt’s futures volumes skyrocketed last week, with the firm launching two ambitious new projects only days after. Each time Bitcoin (BTC) rallies past the all-important $10,000 mark, analysts seek to attribute the rise to major events occurring across the industry. The crypto sector is young, volatile and one major announcement can send ripples across the…
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Can the U.K. draw inspiration from the UAE and China to regulate cryptos instead of banning them? FCA decides. Since the days of the British Empire, the United Kingdom has been one of the world’s largest and most influential economic powerhouses. Even though its financial control over the world has substantially decreased, the country is…
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An executive of a major Chinese economics think tank said that China will be the first country to successfully roll out a national digital currency. An executive at a Chinese economics think tank has said that China’s central bank will be the first to launch a digital currency successfully. According to Chinese tech news outlet…
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