China Archives - Bitnews24

China to expand blockchain pilot, study forex reforms for cryptocurrency: regulator

China will expand the scope of its blockchain cross-border financing pilot platform, a senior official at the country’s foreign exchange regulator said on Tuesday. Lu Lei, deputy head of the…

Stive Varin December 26, 2019

Blockchain News

Bitmain fulfills commitment to Rockdale, Texas, with launch of cryptocurrency mining farm to construct 50MW facility

Bitmain, the industry-leading fabless manufacturer of computing chips, has launched its 50MW mining farm in Rockdale, Texas, as announced today alongside the Rockdale Municipal Development District (MDD) and DMG. "We…

Stive Varin October 21, 2019

Business News

China says new digital currency will be like Facebook’s Libra

China’s proposed new digital currency would bear some similarities to Facebook’s Libra coin and would be able to be used across major payment platforms such as WeChat and Alipay, a…

Ingrid Deter September 6, 2019

Cryptocurrency News

Bitmain and Huobi Plan Layoffs as Cryptocurrency Crunch Begins to Bite

Two of the world’s biggest cryptocurrency companies have confirmed lay-off plans amid an industry crunch that has seen US$170 billion wiped off bitcoin’s market value this year. Beijing-based Bitmain Technology,…

Maria Abrams December 27, 2018

News Technology

Cryptocurrency and China Influence Test Pacific Island’s Presidency

Marshall Islands President Hilda Heine narrowly survived a vote of no confidence Monday after a political struggle over cryptocurrency and an alleged Chinese plan to seize control of an atoll.…

Ingrid Deter November 14, 2018

News

New Evidence of Hacked Supermicro Hardware Found in U.S. Telecom

A major U.S. telecommunications company discovered manipulated hardware from Super Micro Computer Inc. in its network and removed it in August, fresh evidence of tampering in China of critical technology…

Maria Abrams October 10, 2018

News

Blockchain: Manufacturing Market Forecast until 2025

The blockchain in manufacturing market is anticipated to rise at a significant rate from 2020 and 2025. The blockchain in manufacturing market is anticipated to be worth $30.00M by 2020…

Ingrid Deter October 4, 2018

News

China’s Crackdown Insufficient to Enforce Crypto-ban

The debate on whether the central authorities can ever regulate the cryptocurrency industry intensates further with the launch of a Chinese crypto-startup. In a right-in-your-face stunt, InVault begins offering its…

Stive Varin September 17, 2018

News

Chinese Government Continues Cryptocurrency Suppression

China has a population that is becoming increasingly interested in Bitcoin and other cryptocurrencies; but, its government has also been ratcheting up efforts to suppress the growth of digital assets…

Maria Abrams August 27, 2018

News

Ripple Considering Chinese Market to Speed Up Payment Solutions

Ripple is considering breaking into the Chinese market to apply its distributed ledger technology (DLT) to cross-border payments, a Ripple executive told CNBC August 15. Jeremy Light, vice president of…

Maria Abrams August 16, 2018