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Tag: China

China Intent on Global Blockchain Domination

Category: Blockchain, Business, News, Tech

China Intent on Global Blockchain Domination

China is not prepared to play second fiddle to any nation in the race for being number one in the blockchain industry. From established companies to startup enterprises and even government, the general narrative in the country is one of maximizing the immense potential of the emerging technology. All of these efforts come despite the country’s crackdown on the cryptocurrency…

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China’s Largest TV Network Broadcasts Warning on Cryptocurrency Investing to 1.2 Billion People

Category: Altcoins, Bitcoin, Commentary, News

China’s Largest TV Network Broadcasts Warning on Cryptocurrency Investing to 1.2 Billion People

$314,030)China is seemingly propagating several warnings over different mediums for protecting the cryptocurrency investors’ interests. After the recent issuance of a statement which trifurcated fraudulent cryptocurrency platforms into broad groups, the China Central TV (CCTV) carried out a similar agenda. Largest TV Outlet Warns Investors With a viewership of over 1.2 billion people, the CCTV is undeniably a major source…

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China’s Cybercrime Watchdog Finds 421 Fraudulent Cryptocurrencies

Category: Altcoins, Crime, Finance, News, Regulation

China’s Cybercrime Watchdog Finds 421 Fraudulent Cryptocurrencies

In recent years, the cryptocurrency space has undoubtedly drawn considerable attention, with media reports generally focusing on the monetary aspect of digital assets, as opposed to its underlying blockchain technology. However, investors looking to make a quick buck have been targeted by hackers and scammers, either with the lure of a fraudulent digital currency or with a pyramid scheme disguised…

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China Officially Issues Cryptocurrency Rankings: Ethereum Bags First Place

Category: Altcoins, Bitcoin, Commentary, Ethereum, News

China Officially Issues Cryptocurrency Rankings: Ethereum Bags First Place

China publically issued the world’s first government-issued blockchain and cryptocurrency ratings on May 17, 2018. The development is the first in a series of steps planned by Beijing to regulate the burgeoning digital asset class. Ethereum at Number One, Bitcoin at Number 13 According to a report on a website owned by China’s Ministry of Industry and IT, the Asian…

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Former UBS President Joins Cryptocurrency Company as CEO

Category: Blockchain, Business, Finance, News, Tech

Former UBS President Joins Cryptocurrency Company as CEO

Karen Chen, the former president of UBS China, is now the chief executive officer of financial technology group Higgs Block Technology Pte. Ltd. Chen is another example of a financial veteran that decided to jump from the financial industry to the blockchain sector. Making the Crypto Leap However, according to a phone interview with Bloomberg, Chen mentioned that she left…

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Monthly Global Public Chain Assessment Index From China Will Track Bitcoin, Bitcoin Cash, Cardano, Ethereum, Litecoin, and More

Category: Altcoins, Bitcoin, News

Monthly Global Public Chain Assessment Index From China Will Track Bitcoin, Bitcoin Cash, Cardano, Ethereum, Litecoin, and More

The Chinese CCID think tank hosted a seminar on public blockchain technology on May 11, assessing the current status of adoption, possible application as well as announcing the monthly Global Public Chain Assessment Index. The symposium also acted as a special promotion of blockchain as the solution to many aspects of human endeavor, notwithstanding the fact that cryptocurrency trading is…

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Bitcoin Wallet To Come Pre-Installed For Users Of Huawei

Category: Altcoins, Bitcoin, Business, Finance, News

Bitcoin Wallet To Come Pre-Installed For Users Of Huawei

The third-largest maker of handsets in the world Huawei will be releasing the bitcoin wallet of BTC.com in its AppGallery. This was revealed by business operations vice president at BTC.com, Alejandro de la Torre. “It’s a good opportunity to tap into the Chinese market. The use of cashless payments with apps is very big, and the traditional banking system is…

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Cryptocurrency ban in China Will Stay, Says Director of Hong Kong

Category: Altcoins, Bitcoin, Blockchain, Business, Finance, News, Regulation

Cryptocurrency ban in China Will Stay, Says Director of Hong Kong

Almost a year after China banned ICOs and cryptocurrency trading, it does not appear as if it is going away anytime soon. Desmond Marshall, Managing Director of Hong Kong-based The Floor, shares a similar perspective. In a recent interview with Finance Magnates regarding the current scenario around cryptocurrencies, he said, “The situation with China is a little bit sensitive at…

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Hong Kong Gangsters Not Interested in Cryptocurrencies

Category: Altcoins, Bitcoin, Business, News, Regulation

Hong Kong Gangsters Not Interested in Cryptocurrencies

The Money Laundering and Terrorist Financing Risk Assessment Report released by the Hong Kong Financial Services and Treasury (FSTB) has concluded that cryptocurrencies are not a tool employed by the island’s criminal fraternity. Hong Kong is currently witnessing stern discourse around whether the city is doing enough to combat financial crime. Hong Kong a Powerful, Free Economy Struggling With Regulation…

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South and North Korea Unification Recorded on Ethereum Blockchain

Category: Altcoins, Blockchain, Ethereum, News, Tech

South and North Korea Unification Recorded on Ethereum Blockchain

After a long time of unrest on the Korean peninsula, both Southern and Northern leaders Moon Jae-in and Kim Jong-un signed a peace treaty at the 2018 Inter-Korean Summit at Panmunjom on April 27, 2018. Marking the unforgettable event, a South Korean developer decided to record the Panmunjom Declaration on the Ethereum blockchain. Blockchain Record Historic Event The separation of…

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