Tagged: china

July 1, 2021 @ 3:08 pm By Tony Zerucha  |  

China’s recent actions on Bitcoin are going to reverberate across the industry for some time, the CEO of Graph Blockchain believes. Through subsidiary Babbage Mining, a proof of stake miner focused on altcoins, Graph Blockchain exposes its investors to cryptocurrency. The decision crack down on… Read More

June 30, 2021 @ 11:42 am By Omar Faridi  |  

Nate Maddrey and the Coin Metrics research team notes in their latest State of the Network report that the cryptocurrency markets plummeted again this last week after more news surfaced about stricter Chinese regulation, including the People’s Bank of China (PBoC) instructing the nation’s financial… Read More

June 30, 2021 @ 7:55 am By Omar Faridi  |  

China’s Bitcoin mining ban has been moving forward in an aggressive manner, which has led to a rapid decline in hashrate or the amount of computing power required to secure the BTC network. The team at BitOoda notes in a blog post, dated June 29,… Read More

June 27, 2021 @ 11:35 am By Xu Gao  |  

FinTell Completes B+ Round of Financing led by Youshan Capital On June 15th, Fintech startup FinTell announced the completion of USD tens of millions B+ round of financing. The investment was led by Youshan Capital with participation from Telstra. FinTell is “a one-stop high-end Fintech… Read More

June 22, 2021 @ 7:44 pm By Priyanka Pani  |  

In a major crackdown, the Iranian police have seized 7,000 crypto mining machines blamed for massive power outages in the country, as per its state media. The police  7,000 computer miners were seized in an abandoned factory in the west of the capital city of… Read More

June 21, 2021 @ 1:31 pm By Omar Faridi  |  

Cryptocurrency mining specialist Zack Voell notes that this month, Bitcoin mempools have been “emptying more frequently than usual” during the last 6 months. According to Voell, this short-term trend of empty mempools follows BTC’s price drop down to around $30,000 through the end of May… Read More

June 21, 2021 @ 7:51 am By Omar Faridi  |  

The team at BitOoda, a global digital asset financial technology and services platform offering risk management solutions, recently noted that the Bitcoin market is continuing its consolidation pattern. As mentioned in an update from BitOoda, $30,000 has “proved to be a support level for now.”… Read More

June 17, 2021 @ 1:35 am By Omar Faridi  |  

Nate Maddrey and the other researchers at Coin Metrics have shared their latest State of the Network Report. Published on June 15, 2021, the report from Coin Metrics notes that on June 9, 2021, the El Salvador Congress introduced a bill that officially made Bitcoin… Read More

June 12, 2021 @ 11:59 am By Omar Faridi  |  

2020 was a really important breakout year for Bitcoin (BTC), as an influx of institutional capital “spurred” the digital asset to set new all-time highs, Chainalysis notes while pointing out that many individuals and countries may have benefited from the booming prices in the crypto… Read More

June 12, 2021 @ 10:59 am By Xu Gao  |  

National Internet Finance Association of China: Standardized Cosmetic Surgery-Related Financial Products and Services The past few years have seen the rapid development of cosmetic surgery in China. In order to better serve their customers, some financial institutions have cooperated with third-party cosmetic surgery agencies to… Read More

June 5, 2021 @ 6:05 pm By Omar Faridi  |  

Nervos, China’s leading public blockchain, and the team at IOHK, a global blockchain engineering firm and creators of the Cardano (ADA) blockchain, recently revealed that they are  forming a cross-chain bridge that will link the Cardano and Nervos networks. As mentioned in a release shared… Read More

June 5, 2021 @ 10:55 am By Xu Gao  |  

The People’s Bank of China Launches a Pilot Scheme for Integrated Application of Financial data The People’s Bank of China has launched a pilot scheme for the integrated application of financial data across the country. Commercial banks, clearinghouses and non-bank payment platforms from Beijing, Jiangsu,… Read More

June 4, 2021 @ 9:56 am By Omar Faridi  |  

VeChain, a leading blockchain platform for supporting supply chains among other use cases, has announced that together with DNV, they are enabling Renji Hospital (in China) to launch the very first blockchain-enabled IVF Service App, called MyBaby. As mentioned in an update from VeChain Foundation,… Read More

June 2, 2021 @ 2:02 pm By Samantha Hurst  |  

  Taulia, a U.S.-based working capital solutions provider, announced on Tuesday it has expanded its global footprint by growing its presence in both China and Singapore. Founded in 2009, Taulia claims to be a leading provider of working capital solutions. Through a combination of its… Read More

May 31, 2021 @ 3:55 pm By Omar Faridi  |  

Financial technology companies UP Fintech (NASDAQ:TIGR), an Asian online brokerage firm focusing on global investors; Sea, a digital commerce business; Huobi Technology, a blockchain-focused company; and Razer, a multinational gaming and financial services provider, were among the firms that have been added to the MSCI global indexes… Read More

May 29, 2021 @ 10:31 am By Omar Faridi  |  

The team at BitOoda, a global digital asset financial technology and services platform offering risk management solutions, “best-execution” brokerage and market analysis, notes that based on questions they’ve been getting from their clients and partners, they’re now sharing their latest analysis of “potential scenarios” resulting… Read More

May 28, 2021 @ 10:17 am By Omar Faridi  |  

Digital asset firm OKEx, which claims to be the world’s largest spot and futures trading platform for cryptos, has clarified that China has not actually banned or attempted to ban Bitcoin (BTC) again. While sharing what they know, the OKEx team noted in a blog… Read More

May 26, 2021 @ 11:21 pm By Omar Faridi  |  

Nate Maddrey and the Coin Metrics research team notes that during the past two weeks, crypto was hit by a “double tsunami” of seemingly negative news. Tesla (NASDAQ:TSLA) and SpaceX CEO Elon Musk announced that Tesla would no longer be taking Bitcoin payments while adding… Read More

May 25, 2021 @ 6:13 pm By Omar Faridi  |  

As Bitcoin (BTC) has become increasingly popular, questions regarding how it actually works have arisen among investors and the general public. One of the most pressing questions is regarding the potential environmental impact of cryptocurrency mining, which is the process the blockchain or distributed ledger… Read More

May 22, 2021 @ 9:02 am By Xu Gao  |  

Hotels of the HUAZHU Group in Shanghai Will Now Accept Digital RMB Payments From May 21st, all hotels of HUAZHU Group in Shanghai will be able to accept digital RMB payment. According to HUAZHU, digital RMB will be accepted when guests check in at the… Read More