Author Archives: Coin News Asia

China Decides Not to Crack Down on Bitcoin Mining

China Bitcoin Mining

China won’t get serious about bitcoin mining, authorities have affirmed in new records. Bitcoin startup Blockstream CSO’s Samson Mow and others in the business expressed that mining is never again on Beijing’s rundown of enterprises it sees as unwanted. The adjustment in status for the main computerized cash came through another version of China’s Industrial Structure Adjustment Guidance Catalog, which […]

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China Challenges US Dominance in Blockchain Tech

China US Blockchain

China has propelled a yearning exertion to challenge the US strength in blockchain innovation, which it could use for everything from giving computerized cash, to streamlining a heap of taxpayer driven organizations and following Communist Party dedication. The innovation got a vital underwriting from President Xi Jinping a week ago, a sign that the administration sees blockchain as a fundamental […]

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Xi Calls for China to Invest in Blockchain Technology

Xi Jinping

China’s Communist Party has started its hotly anticipated Fourth Plenum – a four-day shut entryway meeting that is required to set significant arrangements for a considerable length of time to come and examine emergencies going from Hong Kong to China’s almost 2-year-old trade war with the United States. In the number one spot up to the plenum, President Xi Jinping […]

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China Traders Hoard Bitcoin Bracing for Recession

Bitcoin China

Monetary vulnerability on the planet’s second-biggest economy may clarify an unexpected flood in the amount of Bitcoin (BTC) obtained with Chinese Yuan (CNY) as local merchants spot an incentive into something accepted to be uncorrelated to the world economy and may be recession-proof. Information gathered by cryptographic money venture firm ID Theory found that CNY volumes on shared exchanging site […]

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China’s Digital Currency More Akin to Electronic Money than Cryptocurrency

China Emoney

China was at one time a fortress of bitcoin. Only two years back, the three significant Chinese bitcoin exchanging stages – BTC China, OKCoin and Huobi – represented more than 98 percent of world exchange, as per the benchmark site bitcoinity.org. Be that as it may, the division was unregulated and exchanges were undetectable to the specialists – utter horror […]

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Alipay Reaffirms Its Prohibition of Cryptocurrency OTC Trading

Alipay No Cryptocurrency

Alipay, the mobile installment giant has disgraced Binance with the emphasis of their prohibition on digital currency exchanges. Everything started when Binance reported they would acknowledge installment for Alipay and Wechat on October 8th. The founder of Binance, Changpeng Zhao, said “Yes” on Twitter when a client inquired as to whether they can utilize WeChat and Alipay on Binance. After […]

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Southeast Asia’s Bitcoin Cash Acceptance Has Grown with Alchemy’s PoS System

Bitcoin Cash Alchemy POS

Payment and technology service provider Alchemy has just announced the launch of Hybrid Startup’s payment process, a platform that aims to connect cryptocurrencies. (Cryptocurrency) with retailers worldwide Alchemy’s cryptocurrency processes are integrated with Qfpay, a well-known third-party payment company which provides payment services for more than 1.2 million affiliated stores. Alchemy’s Point of Sale (PoS) has been used throughout Japan, […]

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Binance Accepts WeChat and Alipay to Buy BTC and Other Crypto with Fiat

Binance WeChat Alipay

Changpeng ‘CZ’ Zhao, the CEO of Binance, has recently affirmed that clients will before long have the option to utilize WeChat and Alipay to purchase cryptographic forms of money on the trade. Clients will have the option to utilize these installment choices as an option in contrast to utilizing a bank card. The rumour was circling on Twitter, first detailed […]

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Banking Giant HSBC to Cut 10,000 Jobs Due to Huge Costs

HSBC Job Cuts

The financial segment keeps on enduring extraordinary cutbacks as the worldwide monetary viewpoint stays dubious. The most recent monetary establishment answered to be set for cutting a huge measure of laborers is HSBC, which has just declared terminating thousands of employees only half a month back. HSBC Holdings Plc, a UK-based worldwide banking and financial administrations holding organization, has plans […]

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Bitcoin Used by Chinese in Cambodia as Means for Gambling

Bitcoin Cambodia

An estimated 90 percent of businesses in Sihanoukville, including hotels, restaurants and casinos, are now owned by the Chinese,” a Southeast Asian studies expert from Lund University in Sweden says.” “Competent authorities have recently observed that cryptocurrencies such as Kh Coin, Suncoin, K Coin, Onecoin, Forex coin and other similar cryptocurrencies have been propagated, circulated, bought, sold, traded and settled […]

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