Advertisements

China

Virgin Bitcoin — Most In-Demand Crypto That Is Regulated Differently?

In a world where the global crypto community continues to face a growing number of regulatory hurdles with each passing day, the term “virgin Bitcoin” is starting to become more common among digital currency enthusiasts. However, it is of utmost importance to clarify what this term actually means and the significance it carries.  According to …

Virgin Bitcoin — Most In-Demand Crypto That Is Regulated Differently? Read More »

Advertisements

Global Crypto War Is Heating up – Iran Next in Line With Its Own Gold-Backed Coin

<header class=”article__header”> </header> <strong>Control of the U.S. dollar and the global financial system that depends on it gives the American government an incredibly powerful tool in shaping international affairs. As such, it is not surprising that its geopolitical rivals around the world will try to exploit the invention of cryptocurrency to take the USD down …

Global Crypto War Is Heating up – Iran Next in Line With Its Own Gold-Backed Coin Read More »

Miners Flock to Iran Where Bitcoin Mining Is Set to Be Sanctioned

<header class=”article__header”> </header> <strong>According to regional reports, the Central Bank of Iran (CBI) is planning to allow licensed cryptocurrency mining as long as operations are charged for electricity based on the price of export. The CBI governor, Abdol Nasser Hemmati, explained that mined cryptocurrencies should flow back into the Iranian economy.</strong> Also read: Bitcoin Miner …

Miners Flock to Iran Where Bitcoin Mining Is Set to Be Sanctioned Read More »

Police in China Seizes 4,000 Crypto Miners After Abnormal Energy Spike

Police in China arrested 22 suspects allegedly involved in illegal crypto mining activity that led to energy loss worth of about $3 million, local media outlet XinhuaNet reports on July 12. Police in Jiangsu, China’s eastern-central coastal province, have reportedly seized 4,000 hardware units that were illegally used to mine cryptocurrency such as Bitcoin (BTC) …

Police in China Seizes 4,000 Crypto Miners After Abnormal Energy Spike Read More »

Bitcoin Cash Community on Bitkan’s K-Site Raises Funds for BCH Development

<header class=”article__header”> </header> <strong>Last year news.Bitcoin.com spoke with the cofounder of Bitkan, Fang Yu, about the company’s K-Site project, which acts as a decentralized media outlet, micro-blog and forum with rewards. Just recently, Bitkan spoke with news.Bitcoin.com about K-Site’s growth and how the platform’s <a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/BCH” target=”_blank” rel=”noopener noreferrer”>BCH</a> community raised funds for the …

Bitcoin Cash Community on Bitkan’s K-Site Raises Funds for BCH Development Read More »

China Should Prepare Digital Yuan to Counter Facebook Libra: Ex-PBoC Chief

Faced with the possibilities and threat posed by Facebook’s Libra cryptocurrency project, China’s central bank should rethink its plan for a national digital currency, according to its former head. As reported by the South China Morning Post, former People’s Bank of China (PBoC) governor Zhou Xiaochuan said at an event in Beijing this week that, with …

China Should Prepare Digital Yuan to Counter Facebook Libra: Ex-PBoC Chief Read More »

Facebook’s Libra Concept Will Impact Cross-Border Payments: Ex-PBoC Chief

A former governor of the People’s Bank of China (PBoC) has indicated that Beijing may delegate the issuance of digital currency to commercial entities, the Hong Kong-based South China Morning Post newspaper reported on July 11. Zhou Xiaochuan, who stood down as head of the central bank in 2018 after 15 years, revealed the country may adopt a new approach for …

Facebook’s Libra Concept Will Impact Cross-Border Payments: Ex-PBoC Chief Read More »

How 10 Countries Respond to Facebook’s Libra Cryptocurrency

<header class=”article__header”> </header> <strong>A growing number of governments have responded to Facebook’s cryptocurrency plans including China, France, India, Japan, South Korea, Russia, Singapore, Thailand, the U.K., and the U.S. Several intergovernmental organizations have also weighed in such as the European Central Bank and the Bank of International Settlements.</strong> Also read: G20 Leaders Issue Declaration on …

How 10 Countries Respond to Facebook’s Libra Cryptocurrency Read More »

Facebook Libra Threat Could Spur Work on China’s National Digital Currency: PBoC Official

With Facebook’s Libra cryptocurrency potentially posing a threat to traditional money on various fronts, China’s central bank could hasten development of its own digital cash, according to a People’s Bank of China (PBoC) official. Speaking at an event at Peking University’s Institute of Digital Finance earlier on Monday, Wang Xin, head of the research bureau at the …

Facebook Libra Threat Could Spur Work on China’s National Digital Currency: PBoC Official Read More »

Major Chinese Financial News Provider Quietly Adds Crypto Index

Sina Finance, a finance-focused website owned by China’s major tech company Sina Corp, has added crypto index into its mobile app, China-focused online Twitter resource Cnledger reported on July 3. The new index on China’s major financial news channel provides data on prices and performance of major cryptocurrencies such as bitcoin (BTC), bitcoin cash (BCH), …

Major Chinese Financial News Provider Quietly Adds Crypto Index Read More »