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Tag: China

NBA’s Houston Rockets Land Sponsorship Deal with Bitcoin Mining Subsidiary AntPool

Category: Bitcoin, Business, Finance, Investment, Mining, News

NBA’s Houston Rockets Land Sponsorship Deal with Bitcoin Mining Subsidiary AntPool

Bitcoin mining company AntPool, owned by Bitmain, one of the largest manufacturers of mining rigs in the world, landed a sponsorship deal with professional U.S. basketball team the Houston Rockets, The South China Morning Post reported on September 24, 2018. Bitmain Sponsors NBA’s Houston Rockets Bitmain Technologies, the world’s biggest supplier of cryptocurrency mining equipment, is looking to help push…

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The 21-Day Bitcoin Challenge: Can you Survive on Nothing but Cryptocurrencies in China?

Category: Bitcoin, Business, News, Regulation

The 21-Day Bitcoin Challenge: Can you Survive on Nothing but Cryptocurrencies in China?

A Chinese Bitcoin enthusiast is currently filming her attempt to survive 21 days by living on nothing but bitcoin. A recent documentary shows her trying to retrieve food, housing, and necessities all through cryptocurrency transactions done on her phone. The cryptographic adventure is airing on iQiyi, China’s Netflix equivalent, TechCrunch reported on September 17. Social Experiment Amidst a Government Crackdown…

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The Chinese Are still Hungry for Bitcoin. Will They Break the Bank all over again?

Category: Press Releases

The Chinese Are still Hungry for Bitcoin. Will They Break the Bank all over again?

Lately we have been trying to predict big finance houses’ arrival into the world of cryptocurrencies, but we are neglecting the equally important factors linked to the current situation in this market, which could rock the boat much earlier than that. The last time we discussed the subject was last February, when we noted in this article a strong recovery…

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A Chinese Holding Firm Is Transforming a U.S. Defense Department Data Center into a Crypto Mining Farm

Category: Altcoins, Bitcoin, Finance, Investment, Mining, News

A Chinese Holding Firm Is Transforming a U.S. Defense Department Data Center into a Crypto Mining Farm

Chinese holding company Wuhan General Group (China), Inc. has entered negotiations to transform a U.S. Defense Department facility into a crypto mining farm, the company announced in a September 11, 2018, press release. Setting new Standards in Cryptocurrency Mining A Nevada investment company focused in cryptocurrency mining operations announced that it’s currently negotiating a redesign of a U.S. Defense Department…

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China Turns to Blockchain to Leverage the Existing Charity Tracking System

Category: Altcoins, Blockchain, Business, Finance, News, Tech

China Turns to Blockchain to Leverage the Existing Charity Tracking System

The Chinese continue to march forward in their mission to imbibe the blockchain technology into their economy, with the latest development being a Chinese government agency’s plan to utilize distributed ledger technology(DLT) for social services. Per an action plan published by the Chinese Ministry of Civil Affairs on September 10, 2018, Chinese authorities are determined to use the blockchain technology for…

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Cryptocurrency Custody Services May Be the Best way to Safe Keep Cryptocurrencies

Category: Altcoins, Bitcoin, Business, Commentary, Exchange, Finance, News, Regulation

Cryptocurrency Custody Services May Be the Best way to Safe Keep Cryptocurrencies

Invault, a Shanghai-based blockchain startup believes that the removal of any human oversight when it comes to holding cryptocurrencies is the best way to ensure that the assets are secure and safe. According to The South China Morning Post’s article released on September 11, 2018, many cryptocurrency exchanges are aware that a cryptocurrency custody approach is the best way to…

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Blockchain-Verified Evidence Now Admissible in Chinese Courts Following Supreme Court Decision

Category: Blockchain, Development, News, Regulation

Blockchain-Verified Evidence Now Admissible in Chinese Courts Following Supreme Court Decision

The South China Morning Post on September 10, 2018, reported that where China has traditionally been dependent on third-party notary organizations for authenticating evidence, blockchain records are now admissible in Chinese courts as authorities set up one of the world’s most advanced resolution systems for internet-related disputes. China’s Internet Courts On September 7, 2018, the Supreme People’s Court announced a new…

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Chinese Cryptocurrency Traders Circumventing Bitcoin Trading Ban via Tether and VPNs

Category: Altcoins, Bitcoin, Finance, News, Regulation

Chinese Cryptocurrency Traders Circumventing Bitcoin Trading Ban via Tether and VPNs

While the Chinese regulatory watchdogs have not failed to renounce their support over digital assets trading and crypto businesses in the region, investors still engage in the “forbidden act” using virtual private networks (VPNs) and the Tether stablecoin, reported the South China Morning Post on September 8, 2018. Crypto Traders not Giving up According to sources close to the matter,…

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China and Australia to Strengthen Blockchain Ties

Category: Blockchain, Business, Finance, News, Regulation

China and Australia to Strengthen Blockchain Ties

A number of reputable Australian blockchain startups including Beam, AgriDigital, and Labrys, are currently visiting Shanghai to work on a trade mission led by Austrade and the Australian Digital Commerce. According to an article released on September 10, 2018, the Australian blockchain startups are in China to deepen their connection and links to China’s largest fintech companies and attend the…

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BYD Partners with DNV GL and VeChain to Build Blockchain Carbon Monitoring app

Category: Altcoins, Blockchain, Business, Finance, News

BYD Partners with DNV GL and VeChain to Build Blockchain Carbon Monitoring app

Shanghai-based electric vehicle and battery supplier BYD is ready to install a carbon banking solution running on the VeChainThor public blockchain in all of its cars, the VeChain Foundation revealed in a Medium post on September 5, 2018. A bid to Reduce Carbon Emission Imbalance BYD, one of the largest Chinese car brands and world’s top selling plug-in electric car…

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