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China: Former Bitmain Chip Designer Arrested on Suspicion of Embezzlement
According to a report by Bloomberg published on December 16, 2019, Yang Zuoxing, a former cryptocurrency mining chip designer who worked with Bitmain, has been arrested in Shenzhen, China, on suspicion of embezzlement. дальше »
2019-12-17 10:00 | |
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MARKETS DAILY: China Picking Winners While Traders Wonder
This time we're talking winners and losers in China's increasingly top-down crypto industry, the implications behind former CFTC chairman Giancarlo's just-announced move to white-shoe law firm Willkie Farr & Gallagher, and more. дальше »
2019-12-3 19:44 | |
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India Potentially Imitating China’s Focus on Blockchain Over Bitcoin
Two of the most fervent countries against Bitcoin and decentralized cryptocurrency are China and India. With the former, however, there is still a big drive towards the implementation of blockchain, while this is less so in the latter. дальше »
2019-11-28 02:29 | |
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Will China’s Crypto Yuan be Used for Retail Payments or Mass Surveillance?
China’s blockchain drive has been about one thing: getting its people used to a state-backed crypto asset. The People’s Republic is determined to get its crypto yuan out as soon as possible and bankers have stressed that it will be for retail use. дальше »
2019-11-27 10:00 | |
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Former PBoC Governor: Digital Currency to Be Used for Retail and Remittance
Zhou Xiaochuan, former governor of the People’s Bank of China (PBoC), believes that digital currency and blockchain should continue to be a focus for China moving forward, citing the use of the coins for domestic retail transactions as well as remittance payments. дальше »
2019-11-27 03:00 | |
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Ex-China Central Bank Governor Talks About Upcoming Digital Yuan and Its Benefits
The current president of the Chinese Finance Association, Zhou Xiaochuan, has recently talked about the upcoming digital yuan. According to the economist, who has worked as the former head of the People’s Bank of China, the country’s central bank, China will continue on its path to create a digital yuan to be used for both […] дальше »
2019-11-27 00:51 | |
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China’s Digital Yuan Will Target Retail Payments First, Ex-Central Banker Says
Former PBoC head Xiaochuan Zhou says the digital yuan will enable retail payments first, but might need a different technical design for cross-border payments. дальше »
2019-11-27 21:15 | |
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Former People’s Bank of China Chairman Outlines 3 Use Cases for the Digital Yuan
Zhou Xiaochuan, the former Chairman of the People’s Bank of China, told reporters that implementation of the digital Yuan would involve a multi-step process. He recently outlined three key areas where the digital Yuan will find its most immediate use case. дальше »
2019-11-27 20:18 | |
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China will implement retail system-based CBDC: Former PBoC Governor
China has been working on its centrally-backed digital currency for quite a while now, while also maintaining its distance from other cryptocurrencies. The country is in the news again after on 26 NovThe post China will implement retail system-based CBDC: Former PBoC Governor appeared first on AMBCrypto. дальше »
2019-11-26 16:10 | |
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Dow Futures Crumble on Fears Trade Deal Could Blow Up Before Christmas
Dow Jones Industrial Average (DJIA) futures fell 50 points ahead of the bell on Thursday. Significant roadblocks between the US and China have dampened prospects of a trade deal. Former Credit Suisse CIO said talks are at risk of breaking down before Christmas. дальше »
2019-11-14 14:42 | |
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Blame Trump for the Next U.S. Recession, Not the Fed: Former RBI Chief
Donald Trump is sending the U. S. economy close to a recession thanks to his trade war with China. Former RBI chief Raghuram Rajan believes that Trump is the biggest threat to the U. S. economy and could be the catalyst for a recession. дальше »
2019-11-14 21:22 | |
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Former U.S. Fed Chairman Alan Greenspan Discusses Digital Currencies and Libra
Alan Greenspan, the second longest-serving chairman of the Federal Reserve, has denounced sovereign digital currencies as pointless at an economic conference in China. According to CNBC, Greenspan also criticized Facebook by claiming that the sovereign credit of the United States was stronger than anything Facebook could create or imagine, November 12, 2019. дальше »
2019-11-13 18:00 | |
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Bitcoin isn't a real currency, asserts former ECB president
China's entry into the cryptocurrency industry seems to have turned several heads. While some view it as a catalyst to the adoption of cryptocurrencies, others believe that the country would gain finaThe post Bitcoin isn't a real currency, asserts former ECB president appeared first on AMBCrypto. дальше »
2019-11-11 23:30 | |
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Bitcoin is Speculation and Not the Future of Money, Ex-ECB Chief Says
Jean-Claude Trichet, former president of the European Central Bank (ECB), said that he was strongly against Bitcoin and hinted that cryptocurrency purchases are no more than speculation, South China Morning Post reported on Sunday. дальше »
2019-11-11 15:01 | |
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Chinese Police Investigate Ex-Bitmain Employee for Bitcoin Miner IP Theft
Yang Zuoxing, CEO at MicroBT, is under investigation by the local police. The investigation is allegedly related to a dispute over Bitmain’s intellectual property rights. Yang nor MircroBT have released an official statement. дальше »
2019-11-10 10:49 | |
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Former PBoC Governor: Libra Would Be Trusted If Run by IMF
Zhou Xiaochuan — the People’s Bank of China’s longest-serving governor — has proposed Libra would be more easily trusted if it were in the hands of the IMF
дальше »2019-11-8 15:08 | |
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Ex-PBoC Boss: Facebook’s Libra Will Work Better if it’s in IMF Custody
A former head of China’s central bank has come out to say that Facebook’s Libra would be better served under the control of the International Monetary Fund (IMF). Facebook’s proposed digital payment platform continues to draw criticism from financial regulators around the world. дальше »
2019-11-8 14:10 | |
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Chinese media: Bitmain secretly filed for IPO in USA
Bitmain submitted a listing application to the US Securities and Exchanges Commission, trying to achieve approval for its IPO in the United States. Seeking to increase chances of success in this trip, Bitmain hired a former representative of Nasdaq in China. дальше »
2019-10-31 13:19 | |
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China’s Bitcoin Mining Province, Sichuan, Advised to Leverage its Hydro Energy to Remain Attractive
The Province of Sichuan in China has been a booming crypto mining hub with most of the world’s Bitcoin being mined within its environs. This has attracted sentiments from its local leaders like the former V. дальше »
2019-10-29 21:54 | |
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China has no idea know when it will launch its digital currency
Despite reports last month that China was readying itself to deploy its own government digital currency, it now seems the country is not so surefooted regarding the asset’s roll out. In a press conference in Beijing yesterday, The People’s Bank of China’s (PBoC) governor Yi Gang said that there is “no timetable” for the launch of its new digital currency, South China Morning Post reports. дальше »
2019-9-25 16:30 | |
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Litecoin, XRP, Ethereum and BTC supported by Bobby Lee’s Ballet crypto wallet
Bobby Lee, the founder of one of the first crypto exchanges in China, announced his brand-new crypto venture and re-established his entry in the virtual asset industry. Lee, Founder and former CEO of BTCC exchange, returned to the crypto marketplace with Ballet, a start-up that would be building bitcoin wallets for the greater population. дальше »
2019-9-12 14:30 | |
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After Dow Slump, Recession Fears Rise With Dwindling Trade Deal Hope
The Dow futures are in the red once again following the response of China towards new sanctions imposed by the U. S. , fueling the drop of the bond yield and fears of a possible recession. Max Baucus, a former U. дальше »
2019-9-3 05:15 | |
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Inaccurate Speculation’ or Is China’s Central Bank Ready to Launch Crypto in Just Over 2 Months?
China’s central bank backed digital currency DC/EP (Digital Currency/Electronic Payments) will be issued to seven institutions, reported Fobes citing Paul Schulte, an independent researcher and former employee of one of these institutions. дальше »
2019-8-28 15:50 | |
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Central bank of China to launch digital currency within months in fight to retain control over monetary policy
The People’s Bank of China (PBOC) will roll out China’s sovereign digital currency, DC/EP, as early as November this year, distributing it to seven institutions including Alibaba, Tencent, and the four largest banks in the world, two separate sources told Forbes. дальше »
2019-8-28 13:10 | |
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Dow Futures Pump 100 points, but Ex-White House Insider Warns of Recession
The US stock market looks set to open in positive territory on Wednesday as Dow futures pump 100 points higher in early trading. Despite the bounce, experts are increasingly nervous about flared tensions between Trump and China. дальше »
2019-8-7 13:49 | |
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“It Is Irresponsible For Institutions Not To Have Exposure To Bitcoin,” Says Anthony Pompliano
“We may well be at the most dangerous financial moment since the 2009 Financial Crisis with current developments between the US and China,” said Lawrence Summers, former Secretary of the Treasury Monday. дальше »
2019-8-6 21:55 | |
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TikTok’s parent company is reportedly working on a smartphone
ByteDance, the company behind the fast-growing teen sensation TikTok, is getting into the smartphone business, according to a report from Reuters. The project, which Chinese financial news site Caijing says has been in development for seven months, is the continuation of a separate deal with niche handset manufacturer Smartisan. дальше »
2019-7-29 17:34 | |
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China May Adopt a “Hong Kong Style” Cryptocurrency, Instead of Libra, Per Ex-Central Bank Governor
After the release of the whitepaper for Facebook’s Libra cryptocurrency, governments around the world have brought up concerns. Some have already stated that they will not allow Libra to be used within their economy, while others simply want clarity on the regulations already in place. дальше »
2019-7-12 00:41 | |
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Former PBoC Governor Expects Policy Implementation in China to Counter Facebook’s Libra Coin
In an ever-continuing economic war between two of the greatest nations on the planet currently, US and China, maybe in yet another race of supremacy – this time in blockchain technology and cryptocurrencies – the former governor of the People’s Bank of China, Xiaochuan Zhou, states in a recent interview. In the past month, several […] дальше »
2019-7-11 18:23 | |
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China and India account for most internet users: 2019 internet trends report
The much anticipated annual internet statistics and trends report from Mary Meeker is here. The noted venture capitalist published her 333-slide Internet Trends report Tuesday ahead of a presentation at Recode’s Code Conference in Scottsdale, Arizona. дальше »
2019-6-12 10:57 | |
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China and India account for most internet users, 2019 Internet Trends report says
The much anticipated annual internet statistics and trends report from Mary Meeker is here. The noted venture capitalist published her 333-slide Internet Trends report Tuesday ahead of a presentation at Recode’s Code Conference in Scottsdale, Arizona. дальше »
2019-6-12 10:57 | |
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Ex-Bitmain CEO Jihan Wu Unveils China’s Future Bitcoin Monopoly
By CCN: Bitcoin billionaire and former Bitmain CEO Jihan Wu is set to launch a new crypto trading platform next month that could eventually be granted a monopoly by the Chinese government. Jihan Wu Reveals New Path in Wake of Bitmain IPO Disaster Wu’s project, called Matrix, will be a custody and trading firm with substantial ties to Bitmain, one of the world’s largest crypto mining conglomerates. дальше »
2019-6-5 19:34 | |
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Are Chinese Capital Controls What’s Pushing Up Bitcoin Price?
A former Chinese central bank advisor was denied transferring $20,000 abroad to pay for a vacation. Could increasing capital controls in China be driving Bitcoin price? Chinese Capital Outflow Controls Are ‘Extreme’ Yu Yongding is a former advisor to the People’s Bank of China. дальше »
2019-5-31 14:00 | |
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Someone in China Just Filed a Copyright for The Bitcoin Whitepaper
Another person – apparently the second in the world – has submitted a copyright claim on the Bitcoin whitepaper, documents confirm. Wei Liu ‘Invents’ Bitcoin In a fresh development noted by a social media user, Wei Liu, a former executive at cryptocurrency exchange Bibox, submitted recognition of ownership May 24. дальше »
2019-5-30 16:00 | |
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Dow Surges While Traders Recklessly Ignore Thundering Alarm Bell
By CCN: The Dow Jones surged on Tuesday after the US government rolled back a handful of minor restrictions on Huawei. But traders are recklessly missing the bigger picture. Former US ambassador Curtis Chin warned this morning that the trade war with China would “get worse before it gets better” as Xi Jinping battles to “show he’s in charge. дальше »
2019-5-21 19:14 | |
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Dow Quivers as Ex-Crony Boasts There’s ‘No Chance’ of Trump U-Turn
By CCN: A volatile Dow gave Wall Street whiplash on Wednesday, as the US stock market lurched into decline only to suddenly shoot higher after the Trump administration made a key concession in its trade spat with Europe. дальше »
2019-5-16 17:04 | |
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Clueless: Joe Biden’s China Gaffe Betrays Ex-VP’s Utter Economic Ignorance
By CCN: At a recent campaign stop, Joe Biden balked at the idea that China competes with U. S. businesses. The apparently-clueless former vice president actually pointed to disadvantages in the geography of China’s territorial land. дальше »
2019-5-2 19:06 | |
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