China’s IT Ministry Says Blockchain Should Be Developed on Industrial Scale
Deputy director of China’s IT Ministry has called for industrial-scale blockchain adoption for the new digital economy Go to Source Powered by WPeMatico
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Chinese Yuan’s Share of Bitcoin Trading Dropped From 90% to 1%
China is one of the more technologically advanced nations in the world, and with its population closing in on 1.4 billion, it was naturally one of the biggest Bitcoin markets during the cryptocurrency’s early days. Many of the biggest exchanges in the world were established in the Asian nation, with reports indicating that at one … Read more
World’s Fourth-Largest Stock Exchange Eyes Blockchain Use in Securities Transactions
This week has seen both Shanghai Stock Exchange and Santander signal interest in implementing blockchain into securities trading Go to Source Powered by WPeMatico
The Daily: Decentralized Exchanges – New and Hacked, and Some Lost Coins
In today’s edition of Bitcoin in Brief, we cover two decentralized exchanges – an Irish team that’s launching its Local Token Exchange and the already operating Bancor that has reported a security breach and admitted the loss of $12.5 million worth of coins. Also, hackers in China have mined cryptos worth $2 million using malware … Read more
Chinese Regulator Warns Against “Mythologizing” Blockchain
A top official at the China Banking and Insurance Regulatory Commission has acknowledged blockchain as a significant innovation, though warns not to “mythologize” it Go to Source Powered by WPeMatico
China: 20 Arrested in Cryptojacking Case Allegedly Affecting Over 1 Million Computers
China: 20 suspects have been arrested in a major cryptojacking case allegedly affecting over 1 million computers and generating $2.2 million in illicit profits Go to Source Powered by WPeMatico
Chinese Yuan Now Accounts for Less Than 1% of Bitcoin Trades, Says PBoC Report
Report: China’s central bank says the yuan now accounts for less than 1% of global Bitcoin trades, down from over 90% prior to the country’s crypto Go to Source Powered by WPeMatico
Bitcoin Trading in Chinese Currency Drops Below 1% of World Total
Bitcoin trading in renminbi (RMB) has dropped to less than 1 percent of the global total, the central bank of China announced. The People’s Republic banned yuan-crypto trade last year, prompting the exodus of hundreds of Chinese crypto businesses, including some of the world’s leading trading platforms. Also read: Crypto Exchange Binance Expects up … Read more
Crypto Exchange Binance Expects up to $1 Billion Profit in 2018
Leading cryptocurrency exchange Binance expects a net profit of up to $1 billion USD this year. The trading platform has already registered about $300 million of revenue in the first half of 2018 and a five-fold increase in the number of users. The data demonstrates a serious growth for Binance which is taking steps to … Read more
China Round-Up: Scholar Advocates Permissive Regulations, 3 Million Estimated Chinese HODLers, Xiaolai Recording Leaks
In recent Chinese cryptocurrency news: a prominent scholar has advocated that China adopt a permissive regulatory apparatus, drawing influence from Japanese and U.S. legislation. Research conducted by the International Monetary Institute at Renmin University of China has estimated that the number of Chinese bitcoin investors exceeds 3 million, and an audio recording of famed bitcoin … Read more