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China’s First Civil Code Allows Citizens to Inherit Cryptocurrency
The Chinese Parliament has adopted the country’s first Civil Code, which among other things, enables citizens to inherit bitcoin and other cryptocurrencies. Crypto Inheritance Now Allowed in China In a report by local news outlet Xinhua News on Thursday (May 28, 2020), the adoption of China’s first Civil Code was made during the third sittingRead MoreRead More. дальше »
2020-5-29 15:14 | |
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China CBDC Leak Shows Alleged Video of RMB to Digital Yuan Conversion
A leaked video has reportedly emerged in China showing the conversion of renminbi (RMB) into digital yuan for use in the country’s proposed digital currency electronic payment (DC/EP) project. According to a tweet by Chinese crypto news outlet 8BTCNews, the video appeared on WeChat. дальше »
2020-5-30 13:22 | |
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Bitcoin May Surge as Chinese Yuan Gets Fixed to Lowest Price in a Decade
Unlike Bitcoin and other free markets, the Chinese yuan market is fixed and somewhat controlled by the country’s central bank. As Wikipedia describes: “Since 2006, the renminbi exchange rate has been allowed to float in a narrow margin around a fixed base rate determined with reference to a basket of world currencies. дальше »
2020-5-29 13:00 | |
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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. дальше »
2020-5-29 21:24 | |
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Bitcoin Miner Manufacturer Canaan Stocks Crashing after 180-Day Lock-Up Period Expires
In the past two weeks, the price of Canaan (CAN) stocks have plunged 50%, from 5.97 on May 14th to $3. Yesterday, prices even fell below $3 briefly. The Chinese bitcoin mining firm is yet again having a rough time but unlike the 65% decline in March which was the result of massive sell-off in […] дальше »
2020-5-29 19:11 | |
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VeChain (VET) Partners Bayer China to Improve Management of Clinical Trial Drugs
On May 28, 2020, Bayer China, a leading company in the Chinese pharmaceutical scene, revealed plans of co-developing a Clinical Trial Traceability Platform based on the VeChain blockchain called cSecure. дальше »
2020-5-29 19:00 | |
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Canaan Stock Tumbles After 180-Day IPO Lockup Expiration
Investors in Canaan Creative, a large Chinese Bitcoin mining firm, are reportedly abandoning ship as the company’s stock price plummets rapidly. Data from Nasdaq shows the Canaan (CAN) stock price down by more than 12% over the last 24 hours. дальше »
2020-5-28 13:10 | |
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China’s Digital Currency Could Emerge Sooner Rather Than Later
The Chinese government has been working swiftly to digitize its currency. The stakes, however, are rising. After adopting blockchain technology as part of its national program last year, it became clear that China’s own ‘digital yuan’ (DCEP) would someday be released. дальше »
2020-5-28 05:15 | |
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Управляющий НБК: «точной даты запуска цифрового юаня еще нет»
Управляющий Народного банка Китая (НБК) И Ган сообщил об отсутствии конкретного плана запуска цифрового юаня. При введении санкций США запуск может быть ускорен. В интервью на конференции Chinese People’s Political Consultative Conference И Ган (Yi Gang) сообщил, что в апреле НБК начал тестировать интерфейс платежной системы национальной цифровой валюты в четырех китайских городах: Шэньчжэне, Сюнане, Сучжоу и Чэнду. […] дальше »
2020-5-28 14:00 | |
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Chinese Tencent to Invest $70 billion in ‘new infrastructure’ Including Blockchain Development
One of the biggest telecom providers in China (and the company behind WeChat) wants to invest in the development of blockchain-based banking as they already got necessary approval from the regulators. дальше »
2020-5-28 10:13 | |
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Media: China accelerates digital currency project due to COVID-19 and US rivalry
Chinese authorities plan to launch the state digital currency ahead of schedule to stimulate the economy amid toughening confrontation with the United States due to the spread of the coronavirus COVID-19 in the world. дальше »
2020-5-31 16:40 | |
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China’s Civil Law Could Enable Citizens to Inherit Bitcoin
China’s Inheritance Law might soon be updated to include internet property and cryptocurrency, including Bitcoin. The draft bill is currently being reviewed by the government. New Inheritance Law to Be Part of China’s First Civil Code, and It Could Impact Bitcoin Recently, the Chinese parliament revealed the draft of its first civil code, which includes the protection of civil rights like property, personality, contract, marriage, infringement, and inheritance. дальше »
2020-5-26 19:11 | |
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China’s National People’s Congress (NPC) Suggests a Government-Backed Blockchain Fund
The National People's Congress (NPC) in China has proposed the creation of a government-backed blockchain fund in its ongoing annual meeting. The Chinese legislative body began consultative meetings last week as part of its political advisory role. дальше »
2020-5-26 17:37 | |
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CCP Member: China Should Promote the Use of Blockchain in Medical Supervision
China’s response to the ongoing coronavirus pandemic remains mixed. Some laud the early lockdown that helped in curbing spread, while most countries criticize the underreporting of cases. In such scenarios, blockchain technology can help, notes a Chinese official. дальше »
2020-5-25 17:07 | |
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The Chinese Yuan is Falling Once Again — and That’s Key for the Bitcoin Bull Case
Last year, one of the biggest narratives in the Bitcoin market was that tensions between China and the U. S. — which culminated in a massive trade war — was pushing cryptocurrencies higher. Whenever President Donald Trump tweeted about U. дальше »
2020-5-24 05:00 | |
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Canaan Narrows Q1 Loss to $5.6 Million Amid Weakening Demand for Mining Hardware
Bitcoin mining rig manufacturer Canaan Creative reported a net loss of $5. 6 million for the first quarter of 2020, down from $9. 5 million a year earlier. The Chinese company cut prices of its ASIC-based machines by over 50% in an effort to improve sales, but that wasn’t enough to prevent the heavy loss. дальше »
2020-5-24 06:01 | |
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Tensions are Rising Again Between the US and China; Will This Boost Bitcoin?
The US and China are once again seeing heightened tensions amidst a new push by the Chinese government to grab power within Hong Kong The Chinese President is now noting that he feels “threatened” by comments made by the US President, and it does appear that these tensions could soon escalate further This comes as investors are largely fleeing assets that could be impacted by further economic turmoil Bitcoin could be the big winner of […] дальше »
2020-5-23 21:00 | |
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Hong Kong’s Hang Seng Index Plunges 5.5% as Beijing Plans to Impose New Security Laws
Coinspeaker Hong Kong’s Hang Seng Index Plunges 5. 5% as Beijing Plans to Impose New Security LawsChina is poised to pass new national security laws for Hong Kong that could plunge the semi-autonomous territory into its deepest turmoil since it returned to Chinese rule in 1997. дальше »
2020-5-24 18:33 | |
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Chinese Officials Propose East Asian Stablecoin
Chinese officials proposed a regional stablecoin backed by four major Asian currencies. The proposed digital currency is meant to stimulate trade between China, Japan, and Korea. A Cross-Border Currency Shen... The post Chinese Officials Propose East Asian Stablecoin appeared first on Crypto Briefing. дальше »
2020-5-22 05:40 | |
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Bitcoin Rally Driven By Eager Chinese Buyers, Key Data Shows
New data based on the delta between Chinese buyers and derivatives markets in Bitcoin markets suggests that much of the recent rally has been driven by crypto investors in China. But why are Chinese buyers dominating Bitcoin interest, and what is sparking the unusual phenomenon? Indicator Shows Chinese Buyers Are Dominating Derivatives Bitcoin price may... дальше »
2020-5-22 23:00 | |
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Chinese Government Advisers Propose Regional Stablecoin for 4 Asian Countries
The stablecoin would help facilitate trade among four Asian countries, which is key to economic recovery in the region after coronavirus, proponents said. дальше »
2020-5-23 22:35 | |
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3 BTC Mining Pools Accounts for 53% of Hash Rate, Bitmain Controls 2; Is Decentralization at Risk?
Bitcoin may not be as decentralized as it is normally touted. According to stats from BTC. com, two Chinese companies control over 52% of Bitcoin's hashrate. This, combined with reduced rewards from the May 2020 halving, begs the question of whether the leading digital asset is fully decentralized. дальше »
2020-5-21 19:05 | |
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Chinese City Suzhou Plans Development District for Blockchain Space
The Chinese state is steadily expanding its blockchain industry. Suzhou is the next city to get a boost, with plans to build a district dedicated to emerging blockchain companies. Suzhou is already home to around 36 blockchain-related companies. дальше »
2020-5-19 23:30 | |
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Report Claims That Another “Mega-Sized” Chinese Crypto Ponzi Scheme has Emerged
In 2019 the world was captivated by news of a Chinese-based crypto Ponzi scheme called PlusToken. The ringleaders of this scheme defrauded unsuspecting investors out of billions of dollars’ worth of crypto. дальше »
2020-5-17 21:30 | |
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The Chinese Government Stresses the Important of Blockchain Technology
It is a well-known fact that the Chinese government wants to fully embrace blockchain technology. The timeline for doing so ha snot been moved up, yet all participants are urged to meet the deadline as soon as possible. дальше »
2020-5-16 00:00 | |
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Momo Wang Drops New CryptoKitty on Winklevoss-backed Nifty Gateway; Sells Out in 3 Minutes
CryptoKitties just launched 100 tokens representing ‘Catterina’, a new collectible drawn by the project’s brand ambassador and Chinese artist Momo Wang. Wang is popularly known for illustrating a sticker of a white rabbit ‘Tuzki’ shared by tens of millions of users on WeChat and Facebook everyday. дальше »
2020-5-15 18:16 | |
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Bitcoin: Will 'institutionalization of mining' sustain Chinese dominance?
China has been the go-to place for Bitcoin mining for years now, with cheap electricity costs being the main reason behind the same. However, the United States, a country that was mostly known for hobThe post Bitcoin: Will 'institutionalization of mining' sustain Chinese dominance? appeared first on AMBCrypto. дальше »
2020-5-15 14:30 | |
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First-Ever Blockchain Letter of Credit Transaction Carried out by Chinese Steelmaker
Baosteel, a Chinese steelmaker, along with Australian mining firm Rio Tinto, have completed a renminbi (RMB)-denominated letter of credit (LC) transaction using blockchain technology. The LC transaction facilitated by Standard Chartered Bank (SCB) represents the first-ever paperless cross-border deal in the iron ore industry finalized in China’s fiat currency. дальше »
2020-5-14 15:16 | |
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Bitcoin Could Benefit from Increasing Investments in China from Global Funds, Here’s Why
Bitcoin investments in China could grow as global funds increase their exposure in Chinese equities in a significant capital reshuffling. The cryptocurrency eyes more demand as a V-shaped rebound in the Chinese economy seems unlikely per top analysts. дальше »
2020-5-14 10:17 | |
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Bitcoin Cannot Be Protected by Chinese Law, Local Court Rules
A court in Fujian province has dismissed a lawsuit filed against a ‘Bitcoin club’, arguing that it does not fall under its jurisdiction
дальше »2020-5-14 22:30 | |
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Таинственный пул Lubian навязал конкуренцию топ-5 участникам сети биткоина
Малоизвестный китайский майнинг-пул Lubian добавил в блокчейн свой первый блок всего три недели назад, но после халвинга в течение нескольких дней стал шестым по величине участником сети биткоина. Brand new Chinese mining pool Lubian instantly becomes 5th largest Bitcoin mining poolhttps://t. дальше »
2020-5-13 16:40 | |
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Donald Trump’s Chinese Stock Snub Could Reignite the Trade War
Trump just diverted billions in federal pension funds from investment in the Chinese stock market. He could provke another trade war. The post Donald Trump’s Chinese Stock Snub Could Reignite the Trade War appeared first on CCN.com дальше »
2020-5-13 04:37 | |
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Will the Chinese Dream of Digital Yuan put US Dollar's dominance in jeopardy?
The concept of money has been forever evolving. Many countries are now experimenting with central bank digital currencies. There was an overwhelming concern that US Dollar may be in jeopardy and discuThe post Will the Chinese Dream of Digital Yuan put US Dollar's dominance in jeopardy? appeared first on AMBCrypto. дальше »
2020-5-13 00:00 | |
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New Cryptic Chinese Operation Instantly Becomes Sixth-Largest BTC Mining Pool
A new Chinese mining pool swiftly takes 5% of the Bitcoin mining pie, while its origins remain unknown.
дальше »2020-5-13 21:09 | |
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Bryan Adams Becomes Relevant Again after ‘Racist’ Coronavirus Rant
Bryan Adams has attracted widespread criticism after describing Chinese people as "bat eating … bastards" in a post about coronavirus. The post Bryan Adams Becomes Relevant Again after ‘Racist’ Coronavirus Rant appeared first on CCN.com дальше »
2020-5-12 13:33 | |
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Chinese Telecom Giant to Integrate Blockchain Technology Into 5G Systems
China Telecom, a leading Chinese telecommunications company, has revealed that blockchain technology will be massively integrated into its 5G systems as the revolutionary tech behind bitcoin (BTC) and altcoins. дальше »
2020-5-12 21:07 | |
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Bitcoin halving in the midst of pandemic to favor Chinese miners
Bitcoin miners generated a total of $387 million in revenue for March 2020. Cumulatively, miners have earnt over $12.5 billion in revenue between 2018 and 2020. Hence mining has become an increasinglyThe post Bitcoin halving in the midst of pandemic to favor Chinese miners appeared first on AMBCrypto. дальше »
2020-5-11 16:30 | |
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Could Tighter Chinese Digital Lending Restrictions Pose a Threat to Bitcoin Mining?
The Chinese government has continued its increasingly more-regulatory environment by suggesting new restrictions in online lending. The China Banking and Insurance Regulatory Commission has sought public opinion on banks’ internet loans. дальше »
2020-5-11 05:29 | |
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Bitcoin Mining Markets Heat Up: Ebang’s $41M Deficit, Bitmain’s Alleged 2020 Revenue
The Chinese ASIC mining rig manufacturer Bitmain reportedly pulled in $300 million in revenue during Q1 2020. Meanwhile, as Bitmain claims to be regaining market share, the firm Ebang recently applied with the U. дальше »
2020-5-10 03:01 | |
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Chinese Court Rules Bitcoin Is Asset Protected by Law
A court in Shanghai, China, has reportedly ruled that bitcoin is an asset protected by Chinese law in a case that has dragged on for years. The case involves a theft of two different cryptocurrencies, one being bitcoin, from an American. дальше »
2020-5-10 23:05 | |
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