China

China’s Total Blockchain Investments Dropped 40% in 2019 Compared to 2018

Chinese blockchain spending in areas of investment and financing deals has dropped over 40% in 2019, according to a new study by state-run sources. Over the course of 2019, China totally had 245 investment and financing deals, which is nearly 60% less than in the preceding year. Chinese blockchain investment spending has seen the biggest …

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Crypto Winter to Spring: Key Factors That Brought Bitcoin Back to Life

During the first couple of months of 2019, the price of Bitcoin (BTC) stayed put under the $4,000 mark, thereby solidifying fears that the market was indeed in the midst of a long crypto winter. Not only that, but all through 2018, this space witnessed the simultaneous collapse of around 2,000 cryptocurrencies — which lost …

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Crypto News From Japan: Jan. 13-17 in Review

This week’s news from Japan included additional comments against crypto trading from China, Binance’s potential involvement in Japan, positivity from the International Monetary Fund (IMF), more crypto exits from European Union (EU) regions, and stablecoin positivity from France. Check out some of this week’s crypto and blockchain headlines, originally reported by Cointelegraph Japan. China reaffirms …

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Is Central Asia the New Safe Haven for Crypto Mining Amid Iran-US Crisis?

Recently, the cryptocurrency mining community has been shaken with rumors of Chinese miners leaving Iran — where crypto mining is authorized as an industrial activity — for Central Asia. The move has ostensibly been taken in an attempt to find a new safe haven amid the tensions between the United States and Iran, as well …

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China Issues Digital Currency Guide for Party Cadres

</header> <strong>Understanding a complex subject should be easier with access to educational materials. With blockchain and CBDC now part of Beijing’s political vocabulary, the Communist Party of China (CPC) has issued a guide to digital currencies meant to prepare party officials for upcoming changes in the country’s financial system. </strong> Also read: China Saw $11.4 …

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China Saw $11.4 Billion in Crypto-Based Capital Flight Last Year

</header> <strong>On January 8, China-based blockchain security firm Peckshield published its “2019 Global Digital Asset AML Research Report” noting a variety of crypto trends throughout the year. According to the study, cryptocurrency-based capital flight stemming from China was around $11.4 billion in 2019. Peckshield’s research recorded a number of illegal or otherwise unregulated transactions over …

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US and European Regulators Say Crypto a Priority This Year

</header> <strong>Several regulators in the U.S. and Europe have made cryptocurrency among their top priorities this year. The Securities and Exchange Commission’s compliance office and the European Securities and Markets Authority, in collaboration with other regulators, have outlined their plans to focus on crypto oversight. Further, China’s central bank has made digital currency a priority.</strong> …

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Mining Report Highlights China’s ASIC Manufacturing Improvements and Dominance

</header> <strong>During the first month of the new year, the research firm Tokeninsight published its “Mining Industry Annual Research Report,” which covers the competitive bitcoin mining sector. Tokeninsight’s study highlights the fact that <a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/BTC” target=”_blank” rel=”noopener noreferrer”>BTC</a>’s hashrate increased by 80% in 2019, even though <a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/BTC” target=”_blank” rel=”noopener noreferrer”>BTC</a>’s year-over-year average …

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China’s Central Bank: Here’s the Latest on the Digital Yuan

The development of a digital yuan, or DECP, has taken a great leap forward, according to the People’s Bank of China, the nation’s central bank. In a statement (in Chinese) Thursday, the bank said the “processes of top-level design, setting industry standards, developing potential functions and integration testing,” were “almost complete.”  The bank said it …

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ANALYSIS: The Global Game of Coins Heats Up

China’s digital currency project continues to move ahead aggressively, with a new paper from the People’s Bank of China suggesting that a core design is complete. Whatever stage of development the currency is actually in, it’s clear that China wants the world to see it as ahead of the curve in the digital currency race.  …

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