CZ Blames ‘Self-Perceived Competitors’ for New DDoS Attacks on Binance
Binance CEO Changpeng Zhao confirms DDoS attacks on Binance, blaming “self-perceived competitors” for the attack Go to Source Powered by WPeMatico
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China’s Cyberspace Regulators Approve 224 Blockchain Ventures
Over 200 blockchain projects have been approved by China’s cyberspace regulators Go to Source Powered by WPeMatico
1 Cent per Kilowatt-Hour: China’s Sichuan Province Encourages Hydro-Powered Bitcoin Mining
The local government of Ya’an city, in China’s Sichuan province, has announced the region is encouraging bitcoin mining in Sichuan if operations leverage the local hydropower plants. The document released by Ya’an city officials is in stark contrast to how Sichuan lawmakers felt about mining in 2018. Back then the government and China’s central bank … Read more
Chinese Court Declares Ethereum Legal Property With Economic Value
A district court in China has reportedly ruled that Ethereum’s cryptocurrency is legal property with economic value. This ruling follows a couple of other verdicts on the legality of cryptocurrency, including bitcoin, by various Chinese courts. While cryptocurrency is not legal tender in China, people can hold and transfer them like property. Court Ruling: ETH … Read more
Chinese Officials Support Renewable Energy-Powered Cryptocurrency Mining
The Chinese city of Ya’an plans to encourage local mining operations powered by its hydroelectric electricity generation facilities Go to Source Powered by WPeMatico
Alibaba-Backed AI Startup SenseTime to Help China Handle Digital Yuan
Alibaba-backed AI startup SenseTime partners with China’s central bank to collaborate on the digital yuan amid reported trials Go to Source Powered by WPeMatico
Bank Of China Expands Tests of New Fintech Regulation to Six More Cities
Bank of China has a plan for fintech development and it’s now expanding pilot projects in six more cities to strengthen fintech regulation Go to Source Powered by WPeMatico
China Launches Blockchain-Based Service Network for Global Commercial Use
China has launched its Blockchain-based Service Network to support the creation of a digital economy and build smart cities Go to Source Powered by WPeMatico
WeBank Ranks Third in Blockchain Patent Filings For 2019
WeBank has filled almost 632 patents and 80% of them were related to technologies like blockchain Go to Source Powered by WPeMatico
Digital Yuan to Fuel China’s Economic Reign – McDonald’s, Starbucks, Subway Test PBoC’s Cryptocurrency
China’s economy is the second-largest in the world and economists believe the country may someday bring a new global order and end the Western hemisphere’s financial rule. In 2020, various reports show that China’s central bank will soon release a cryptocurrency that represents a digital yuan. This week, regional reports show that 19 well known … Read more