Tag Archives: China

Anti-Dollar in Full Force, While Bitcoin Increasingly gaining Traction all over the World

Anti-Dollar in Full Force, While Bitcoin Increasingly gaining Traction all over the World

The warfare between the US and a number of countries like China, Iran, Venezuela, North Korea, Cuba, Turkey, and Russia among others is ensuing, that has these nations going anti-dollar, creating their own national cryptocurrencies and backing out of the US-based SWIFT system. Meanwhile, Bitcoin and crypto adoption are on the rise. Anti-Dollar awakening happening […]

Dash Core Group CEO: Venezuela ‘2nd Biggest Market’ as Interest in Crypto Spikes

Dash Core Group CEO: Venezuela ‘2nd Biggest Market’ as Interest in Crypto Spikes

Venezuela has become the second biggest market for Dash (DASH), with almost one hundred merchants accepting the cryptocurrency each week, a spokesman told mainstream media Wednesday, August 22. Speaking to Business Insider, Ryan Taylor, CEO of Dash Core Group, which is the legal entity behind Dash’s core development team, said interest from both businesses and consumers was rising week by […]

Bitmain Plans Overseas IPO, Earned $1 Billion in Net Profit in Q1, Sources Report

Bitmain Plans Overseas IPO, Earned $1 Billion in Net Profit in Q1, Sources Report

Jihan Wu, the co-CEO of crypto mining hardware giant Bitmain, is reportedly planning to conduct an overseas initial private offering (IPO), Fortune’s crypto-focused section The Ledger reports July 30. Bloomberg had reported in June that Wu was “open” to holding an IPO in a market with U.S. dollar denominated shares — like Hong Kong — as it would allow early backers to cash in funds. Fortune […]

World’s Fourth-Largest Stock Exchange Eyes Blockchain Use in Securities Transactions

World’s Fourth-Largest Stock Exchange Eyes Blockchain Use in Securities Transactions

The world’s fourth-largest stock exchange released plans to use so-called distributed ledger technology (DLT) in securities transactions July 10. The Shanghai Stock Exchange (SSE), which as of December 2017 had a market cap in excess of $5 tln, said in a report that “most people” consider that blockchain technology can “help improve the transparency of the securities industry.” “Part of the […]

Hodler’s Digest, June 11-17: A Regulatory Win for Ethereum and a Falling Market

Hodler’s Digest, June 11-17: A Regulatory Win for Ethereum and a Falling Market

Top Stories This Week Fundstrat’s Tom Lee Points To Bitcoin Futures As Reason For Price Declines Tom Lee released a report this week that posited that the reason for the falling price of Bitcoin can be linked to the expiration of Bitcoin futures contracts. According to Lee, Bitcoin’s price usually drops around 10 days before the expiration of the […]

Alibaba-Founded Insurtech Firm Promotes Blockchain Use in Healthcare Industry

Alibaba-Founded Insurtech Firm Promotes Blockchain Use in Healthcare Industry

China’s ZhongAn Tech is planning to use blockchain technology to cut risk and costs in healthcare insurance, local news outlet the South China Morning Post reported May 29. ZhongAn, the technology incubator for ZhongAn Online Property & Casualty Insurance, was founded in 2013 by Jack Ma, the chairman of Alibaba Group, Pony Ma Huateng, chairman at Tencent Holdings, and Peter Ma Mingzhe, […]

Tencent to Use the Blockchain to Derail China’s Counterfeit Invoice Industry

Tencent to Use the Blockchain to Derail China’s Counterfeit Invoice Industry

Sellers of counterfeit, illegally-made receipts help businesses take advantage of tax loopholes in China, but that’s set to change with the application of blockchain technology in the handling of digital invoices. Disrupting China’s Counterfeit Invoice Market Faked official invoices are big business in China. One person who creates these legal proof of payments — “fapiao” […]

Bitcoin Price Struggles After Blockchain Week, Possible New Regulatory Pressure

Bitcoin Price Struggles After Blockchain Week, Possible New Regulatory Pressure

Cryptocurrencies continue to slow down today as all major coins are in the red on Tuesday. Bitcoin (BTC) is struggling for gains above $8,500 following concerns over increased regulation according to Naeem Aslam, chief market analyst at Think Markets: “The recent selloff has come from the news out of China that the ICO [initial coin offering] market is still very […]

Hodler’s Digest, May 14-20: Crypto Ban FUD And Blockchain Adoption Galore

Hodler’s Digest, May 14-20: Crypto Ban FUD And Blockchain Adoption Galore

Top Stories This Week Circle Partners With Bitmain For Planned Release Of USD-Backed Stable Coin Circle Internet Financial Ltd. has finished a $110 mln investment round with led by Chinese mining hardware manufacturer Bitmain as part of their project to create a US-dollar backed stable coin. The Circle USD Coin, which will function as an ERC-20 token on […]

China National Radio Alleges OKEx Illegally Trading Crypto Futures In China

China National Radio Alleges OKEx Illegally Trading Crypto Futures In China

China National Radio’s (CNR) “Voice of China” program has alleged that the crypto exchange OKEx is illegally working in China with Chinese clients, CNR reports Thursday, May 3. Chinese crypto exchanges have been banned from operating in the country by the government last fall. As of press time, OKEx is the third ranked exchange by 24 hour trading volume […]