Tornado Cash Ban Will Aid China’s AI Goals

The U.S. government's decision to sanction Tornado Cash and force blockchains to make transaction data public has dangerous geopolitical implications in the tech race against China.

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Chinese Internet Companies Crackdown on Crypto and NFT related activities

It seems like tech giants in China are preparing for a complete government crackdown on cryptocurrencies, Web3, NFTs, and related technologies. China’s Interesting Crypto History China is not a country known for being “open-minded” to new ideas; China is one of the most important markets globally.

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Bitcoin Holds While Chines Stocks Crash

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Highlights March 15: Major cryptos in the red, China tech firms lead US indices lower

Major cryptos registered mostly small losses. On Monday, the European Parliament’s Committee on Economic… The post Highlights March 15: Major cryptos in the red, China tech firms lead US indices lower appeared first on Coin Journal.

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BTC price falls below $38K as Tencent leads worst China tech rout since July

Pressure on Chinese tech stocks adds to a potent cocktail of inflation and geopolitical strife, with Wall Street closed for trading.

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Thailand tech firm shares appreciate by 6700% post launching Bitcoin mining ops

In the month following China’s crackdown on miners, the Bitcoin hashrate had almost halved, data from mining pool BTC.com shows. With less competition from Chinese miners and soaring bitcoin prices,The post Thailand tech firm shares appreciate by 6700% post launching Bitcoin mining ops appeared first on AMBCrypto.

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The People’s Bank Of China’s Report On Blockchain Tech And Their Upcoming CBDC

Apparently, the People’s Bank Of China is considering using blockchain technology to power the Digital Yuan CBDC. The coin, also known as Digital renminbi or digital RMB, has been in beta-testing for a while now.

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China crypto crackdown: 10,100 mining rigs confiscated in Mongolia

The Chinese government has intensified its efforts to ban cryptocurrency mining and trading in the country. China’s National Development and Reform Commission seized 10,100 crypto mining equipments from a government-operated tech park in Inner Mongolia as it continues its operations against miners in the region.

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Bitcoin Miners in Xinjiang’s Largest Tech Park Ordered to Shut Down

Bitcoin miners in Zhundong, Xinjiang, China, have been told to shut down their rigs, The Block, on June 9, reports. The Blow in Zhundong Officials in Zhundong, acting on orders from the Changji prefecture government in Xinjiang, were instructed to shut down Bitcoin and cryptocurrency mining operations in the Zhundong Economic Technological Development Park byRead More

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China Aims to Have World’s Most Advanced Blockchain Tech by 2025

In a move contrasting its stance on cryptocurrencies, China has issued guidelines for blockchain development within the country. The post China Aims to Have World’s Most Advanced Blockchain Tech by 2025 appeared first on BeInCrypto.

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Bitcoin miners using hydropower asked to continue in Sichuan

Bitcoin miners in China’s Sichuan province can continue their operations until September this year, local tech publication TechNode reported today. The post Bitcoin miners using hydropower asked to continue in Sichuan appeared first on CryptoSlate.

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MSFT Stock on Rise Now after Microsoft Pens New Deal to Enter Grocery Tech Market in China 

Coinspeaker MSFT Stock on Rise Now after Microsoft Pens New Deal to Enter Grocery Tech Market in China  Microsoft’s deal with Hanshow is its latest attempt to grab a piece of the booming retail industry.

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Rolling up the sleeves: China’s tech giants drive digital yuan adoption

CBDC tests are proceeding toward deployment, as Chinese internet, fintech and e-commerce giants are leading the digital yuan vanguard.

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Ant Group highlights private sector's role in developing digital yuan

Major tech and commerce firms have been instrumental in helping China's central bank develop the digital yuan.

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Microsoft-Led Consortium Invests $1.3B in Largest Decentralized Storage Facility in China to Mine Filecoin (FIL)

Chinese tech consortium IPFS Union is investing over $1. 3 billion to build China’s largest decentralized storage in Jiangxi Province of Fuzhou City. As part of its “Big Data Industrial Park” project, the facility will mine Filecoin (FIL), a peer-to-peer data storage platform, allowing users to buy and sell storage without a third party, a blog […] The post Microsoft-Led Consortium Invests .

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Peter Thiel Calls Out The US for ‘Complacency on Innovation,’ Saying Bitcoin Is A ‘Chinese Financial Weapon’

“Pro crypto and Bitcoin maximalist” also criticized tech companies like Google and Apple for working with China because “everything in China is a civilian-military fusion,” and these companies are “effectively working with the Chinese military.

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State Grid Corporation of China Selects Wanchain’s Blockchain Technology to Upgrade National Data Management System

PRESS RELEASE. The State Grid Corporation of China will be adopting blockchain interoperability platform Wanchain’s technology for their national data management system. 30th March, 2021, Beijing, China – Wanglu Tech Ltd.

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State Grid Corporation of China Selects Wanchain’s Blockchain Technology to Upgrade National Data Management System

30th March, 2021, Beijing, China – Wanglu Tech Ltd. (“Wanchain”) is pleased to announce that the State Grade Corporation of China (“State Grid”) has approved the results of its contracted feasibility study.

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Beijing Reminds Local Big Tech "Who the Boss Is" – Cracks Down on Alibaba, Tencent and Other Companies

China is cracking down on major tech companies, fining them and preparing for hard regulation; Alibaba, Tencent giants have been hit along with ten other companies

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US Lawmakers Looking Into China’s Role in GameStop Pump: Report

Some Republican members of the House Financial Services Committee want to look into Reddit’s ties to Chinese tech conglomerate Tencent and Robinhood rival Moomoo.

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China releases final anti-monopoly rules targeting major tech and payments firms

China's market regulator finalizes rules that have been three months in the making.

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China’s crypto landscape: How CBDCs drove blockchain adoption in 2020

As a developing tech power, China is one of the fastest countries in adopting blockchain technology.

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Chinese Tech Firms Didi, Meituan, & Bilibili Launch Lottery-Based Trials for Digital Yuan

Tests for China’s digital yuan are still ongoing as companies continue to join the People’s Bank in its efforts to digitize the currency. This week, local news source CLS confirmed that three large internet companies had joined the tests in what appears to be a lottery-style trial.

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China Trials Its Central Bank Currency, The Digital Yuan, In Shenzhen’s Gas Stations

China’s Central Bank assists Shenzhen citizens in using its digital currency as payments to refuel their motor vehicles. The community in the tech hub of China (Shenzhen) received $1. 5 million in digital Yuan, airdropped to gear up the project, 11 gas stations are now accepting digital currency as payments, reported Economic Information Daily.

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China Trials Central Bank Digital Currency with $1.5 Million in Handouts

China continues to push on with its central bank-issued digital currency trials. The latest initiative saw 50,000 citizens receive the digital yuan to use at real-world retailers. The government of the tech hub region of Shenzhen sent out a total of almost 10 million yuan (~$1.

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Ripple Co-Founder Chris Larsen Says U.S. Is Losing Tech Cold War to China

Coinspeaker Ripple Co-Founder Chris Larsen Says U. S. Is Losing Tech Cold War to ChinaLarsen warned that the regulators' heavy-handed approach with the crypto space can lead to the U.

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Shenzhen Giving Away Millions in Digital Yuan in Lottery to Boost Consumption, Test Tech: Report

The promotion is part of China's efforts to try out out and stimulate usage of its new digital currency.

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US is losing 'tech cold war with China' says Ripple co-founder

Ripple’s executive chairman has slammed U.S. lawmakers for losing the blockchain arms race to China

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China Poses Biggest Impediment to Arm Acquisition by Nvidia, Deal Worth Approximately $40 Billion

Coinspeaker China Poses Biggest Impediment to Arm Acquisition by Nvidia, Deal Worth Approximately $40 BillionThe primary focus for the Nvidia-Arm deal is the fact that an American company is acquiring the globally recognized tech company, hence putting China at the direct hands of Americans.

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ByteDance Applies for Tech Export License in China amid Country’s New Requirements

Coinspeaker ByteDance Applies for Tech Export License in China amid Country’s New RequirementsByteDance is now in talks with Oracle Corporation and Walmart Inc over the acquisition of TikTok.

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Tech Stocks Lead Surge in S&P 500 and Nasdaq on Tuesday

Coinspeaker Tech Stocks Lead Surge in S&P 500 and Nasdaq on TuesdayThe tech sector continues to push the markets higher on Tuesday along with better economic data coming out of China.

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Blockchain Battle With China Ensues With New US Congress Bill Proposal

Members of the US Congress have sponsored a non-partisan bill in the hopes of catching up with China’s blockchain development. The “American Competitiveness Of A More Productive Emerging Tech Economy Act,” or COMPETE Act for short, is currently being discussed as a way to accelerate blockchain development in the US. While the rest of the […]

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S&P 500 Hits Another Record High as U.S. and China Resume Trade Talks

Coinspeaker S&P 500 Hits Another Record High as U. S. and China Resume Trade TalksThe tech sector continues to take the markets ahead as indices hit new highs. The U. S. and China have resumed the phase one of the trade talks as the two giant economies plan to come to common grounds with their trade settlements.

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Huawei and Beijing Municipal Government Collaborate to a Build Blockchain-Governed Smart City

Huawei, the Chinese tech giant, has partnered with Beijing Municipal government to develop a blockchain-governed smart city to improve service delivery and data-sharing. This initiative comes as China intensifies its tokenomics dominance with the DC/EP set to be rolled out in major cities such as Beijing.

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Amid threats of a ban, TikTok continues to fight deepfakes with AI and blockchain tech

China’s ByteDance and its extremely popular social media app TikTok are in turmoil in the US as President Trump has threatened to ban the application if a merger with a US company, namely Microsoft, does not occur by September 15th.

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10,000 New Blockchain Firms Established in China So Far in 2020

With over 10,000 new blockchain firms emerging in China in 2020, the number of companies developing solutions based on the novel tech appears set to cross the 90,000 mark. China remains a blockchain hub with Beijing’s anti-crypto stance not extending to companies looking to leverage decentralized ledger technology (DLT).

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Ripple?s General Council: US May Lose "Cold War" to China Through Lack of Crypto Regulation

Ripple?s Stuart Alderoty explains why Ripple is urging US authorities to introduce crypto regulation as US may lose leadership in innovative tech to China

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Tech's Antitrust Issues Flare Up on Both Sides of the New ‘Cold War,’ Report

At the request of the People’s Bank of China, Beijing could soon probe its digital payments monopolies, sources claim.

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Huawei patents blockchain storage system — so more could be on the way

A patent for a blockchain storage registered by Huawei supports China’s blockchain tech explosion... The post Huawei patents blockchain storage system — so more could be on the way appeared first on Coin Journal.

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AntChain to streamline blockchain integration with tech

Ant Blockchain, now named AntChain, is the largest blockchain platform in China and will... The post AntChain to streamline blockchain integration with tech appeared first on Coin Journal.

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CFTC Tech Advisory Meeting Features Possible Fed-backed CBDC Scenarios

The CFTC Technical Advisory Committee (TAC) discussed a Fed-backed digital currency in the latest remote meeting which it held last week. This comes as more jurisdictions move to consider CBDC's following China's progress in this space and the COVID-19 pandemic that has since raised the need for digital money.

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China Considers Implementing Blockchain Tech in Equity Trading Centers

China’s Securities Regulatory Commission allows regional equity markets to experiment with blockchain in the equity trading industry.

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China Mobile Communications Association Recognizes IOST’s Aiou Tech & Alipay as “Outstanding Blockchain Programs” in Tackling COVID-19

China Mobile Communications Association (CMCA), a national social organization approved by the State Council of the People’s Republic of China recently selected IOST’s Enterprise Edition – Aiou Technology along with mobile payments giant Alipay as “Outstanding Blockchain Programs” for aiding in the battle against the COVID-19 pandemic.

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Ripple co-founder: America is “ceding control” to China by regulating only Bitcoin and Ethereum

Blockchain technology and digital currencies are increasingly revered as the next phase for technological advancements, alongside the usual suspects of A.I., machine learning, and drone tech. The post Ripple co-founder: America is “ceding control” to China by regulating only Bitcoin and Ethereum appeared first on CryptoSlate.

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Blockchain as an Infrastructure: A Deep Dive Into China’s DLT Strategy

China is not playing catch-up, but rather exploring aggressively pragmatic ways to deploy a digital infrastructure for the whole economy with the blockchain tech implementation.

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Telegram CEO Says Global Resistance to Tech Bans Is ‘Just Getting Started’

Telegram’s digital resistance in Russia will contribute to further anti-censorship efforts in countries like China and Iran, Pavel Durov says.

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Latest CCID Blockchain Rankings Place IOST 1st in Basic Tech, 4th Overall

Recently, the China Electronics and Information Industry Development Institute (CCID Research Institute) released the 18th issue of the Global Public Chain Technology Evaluation Index. Notably, the latest issue of the index, that ranks the top 37 public blockchain projects in the world has put IOST at a respectful 4th position — rising up a spotRead MoreRead More.

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Money Reimagined: What CoinDesk’s Style Debate Says About Crypto as Public Tech

Blockchains are flexible new forms of public infrastructure, says Michael Casey. Plus: with China rushing in, Africa is a prime battleground for the future of money.

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Chinese Province Issues 10-Point Agenda for Blockchain Adoption

Hainan, an island province in China released its blockchain policies to foster the growth and development of the emerging technology in the region. According to Chinese crypto news outlet 8BTC, Hainan issued a ten-point blockchain policy measure aimed at upscaling blockchain development by supporting local developers and ensuring increased adoption of the novel tech.

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