Category Archives: China

Bitcoin Crashes after Chinese Exchanges Intend to Stop Trading

China Stops Bitcoin Exchanges

Bitcoin fell for a fifth day, the longest losing streak in over a year, after one of China’s biggest online trades said it would quit dealing with exchanges before the month’s over in the midst of an administration crackdown on digital forms of money. China’s national bank still can’t seem to react to inquiries concerning bitcoin’s future in the nation […]

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Chinese ICO Ban Means Great Things for CryptoPay

Cryptopay

Asia has been a central hub for cryptocurrency growth and ICO creation. A substantial portion of Bitcoin mining occurs in Asia. In fact, over 70% of all Bitcoin mining occurs in China alone with other Asian countries contributing small but additional percentages. ICOs have also been a huge industry in Asia. South Korea, China, and Japan have produced a large […]

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Asia is Flying Away with Implementation of the Blockchain Technology

Blockchain Asia

Blockchain technology is developing at a very fast rate and its adoption is becoming significant as governments across the globe are showing reasonable concern towards the technology. Governments are showing interest in blockchain Government cooperation towards blockchain is notable especially across Asia where countries like Japan, Russia, China, South Korea, India have already shown major signs of recognition of the […]

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China’s Fosun Puts Resources into Local Bitcoin Tech Blockchain

Fosun

Fosun is China’s biggest private aggregate and one of its most dynamic financial specialists. It affirmed the most recent venture shut a month ago and said the sum was countless yuan. It has made an entry into the blockchain with an interest in the Shanghai startup behind Onchain. It declined to expound. The blockchain includes making perpetual, open records of […]

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Chinese Investors See Big Opportunities with Bitcoin

China Bitcoin

Many Chinese investors have not been phased by the government’s opposition to the cryptocurrency market. Guardian reporter Amy Hawkins interviewed three successful bitcoin traders that are making good money from bitcoin, in spite of the state’s efforts to shut them down. One bitcoin traders states that the government’s efforts to ban bitcoin have been largely unsuccessful. “I’m not sure it’s […]

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BTCC – Bitcoin Is Here to Stay

Bobby Lee

Bitcoin is here to stay, Bobby Lee, the CEO of BTCC, one of China’s biggest bitcoin trades, cited publicly. Lee additionally disclosed to CNBC that “regulation is much needed” for the new “asset class” at Hong Kong’s Rise meeting. Amid an introduction, Lee pronounced that bitcoin is another “asset class” that is constructed simply with respect to data, and not […]

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Bitcoin Exchanges Becomes Targeted by Cyber Attacks as Records Rally

Bitcoin Cyber Attack

At minimum, two noteworthy bitcoin exchanges revealed cyberattacks the previous week. As bitcoin quickly and dramatically multiplied for the year when it topped $3,000 a weekend ago, the assaults were DDoS in nature and did not influence customers’ assets. These different cyberattacks on major bitcoin trades highlight the many difficulties for the young computerized money world. A surge in financial […]

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Morgan Stanley Insists Bitcoin in Need of Regulation to Boom

Morgan Stanley

In a report titled 43-page whitepaper titled ‘Blockchain: Unchained?”, investment bank Morgan Stanley isn’t totally evident on deciding exactly why bitcoin has been taking off of late. Morgan Stanley sees bitcoin to be subject to governments’ acknowledgment to truly take off, when the digital currency tripled its incentive since the turn of the year. The whitepaper was penned by Wall […]

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