Tag Archives: China

Crypto Long & Short: Peter Thiel Defines Bitcoin’s Accidental Role in Global Politics

Crypto Long & Short: Peter Thiel Defines Bitcoin’s Accidental Role in Global Politics

Thiel’s comments about China “weaponizing” bitcoin to hurt the U.S. are a warning about the cost of inaction. The battle over bitcoin’s evolving role just became a piece in a complex game of political strategy. Peter Thiel’s talk earlier this week at a Richard Nixon Foundation event thrust the cryptocurrency even further out onto the geopolitical stage […]

Billionaire Investor Ray Dalio Bets on CBDCs and Gold, Criticizes Bitcoin

Billionaire Investor Ray Dalio Bets on CBDCs and Gold, Criticizes Bitcoin

While Bitcoin (BTC) has successfully managed to melt the hearts of some of the biggest global investors, a few still continue to criticize it. Billionaire investor Ray Dalio recently showered his criticism on Bitcoin while being positive for central bank digital currencies (CBDCs). Ray Dalio is a big name in the global financial industry and […]

China’s Blockchain Infrastructure to Extend Global Reach With Six Public Chains

China’s Blockchain Infrastructure to Extend Global Reach With Six Public Chains

A blockchain infrastructure backed by the Chinese government will open its services to decentralized applications (dapp) developers on a global scale on August 10. The move is part of China’s plan to be the one and only infrastructure provider for blockchain firms across the world. That effort resembles the country’s aggressive international expansion in other major emerging […]

Bitcoin’s Computing Power Is Growing Again After Coronavirus-Related Disruption

Bitcoin’s Computing Power Is Growing Again After Coronavirus-Related Disruption

The computer processing power of the bitcoin network is growing again – albeit slowly – as major Chinese miner manufacturers gradually resume business after the coronavirus outbreak delayed shipments. The average hashing power on bitcoin (BTC) over the past seven days has reached a new high of around 117.5 exahashes per second (EH/s), up 5.4 percent from […]

How Coronavirus Outbreak in China Could Weigh on Crypto Prices

How Coronavirus Outbreak in China Could Weigh on Crypto Prices

Jason Wu had to cancel a dozen meetings with his crypto clients in China after the coronavirus epidemic broke out this month. “We planned a 10-city tour to talk with potential clients in China,” Wu, the CEO and founder of non-custodial crypto lender DeFiner, said. “Nobody wants to attend any crypto-related conferences or any meetings […]

Goldman Sachs Predicts US-China Trade War to Continue into 2020, Will It Benefit Bitcoin?

Goldman Sachs Predicts US-China Trade War to Continue into 2020, Will It Benefit Bitcoin?

Economists at global investment bank Goldman Sachs believe there to be no end in sight to the ongoing US-China trade war. Although damaging to economic interests in both nations, the lack of resolution may well be bullish for Bitcoin. The cryptocurrency has historically performed well at times of heightened geopolitical tension. This is due to […]

China Should Prepare Digital Yuan to Counter Facebook Libra: Ex-PBoC Chief

China Should Prepare Digital Yuan to Counter Facebook Libra: Ex-PBoC Chief

Faced with the possibilities and threat posed by Facebook’s Libra cryptocurrency project, China’s central bank should rethink its plan for a national digital currency, according to its former head. As reported by the South China Morning Post, former People’s Bank of China (PBoC) governor Zhou Xiaochuan said at an event in Beijing this week that, with its Libra offering, […]