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$1.5 Million in Crypto Seized During FIFA Crackdown

Local police officials in China seized more than $1.5 million worth of cryptocurrencies as part of a crackdown on gambling during the 2018 FIFA World Cup. Chinese state-run media outlet Xinhua reported on July 11 that authorities first noticed the unnamed gambling platform in May following advertisements that claimed it would "accept international recognized cryptocurrencies including bitcoin, ether

By | July 13th, 2018|Categories: China|Tags: , , , , , , , |Comments Off on $1.5 Million in Crypto Seized During FIFA Crackdown

China’s Hashing Power: A Blessing or a Bomb Waiting to Explode?

One of the major Bitcoin mining pools currently making waves is Bitmain which is a China-based industry giant that recently accounts for over 40% of the overall Bitcoin hashrate. Why is it making waves? Well, because it has raised some new concerns about the centralization of mining. Ever wondered how Bitcoin is generated? Do they

By | July 13th, 2018|Categories: China|Tags: , , , , |Comments Off on China’s Hashing Power: A Blessing or a Bomb Waiting to Explode?

Arrest of Secret Crypto Miner in China Following Theft

A man in China has been arrested by the government for the alleged theft of power, in order to fund a secret cryptocurrency mine. Xinhua news company stated that the Anhui Province electricity company reported a spike in the use of electricity and this eventually led to the confiscation of over 200 computers used for

By | July 13th, 2018|Categories: China|Tags: , , , , , |Comments Off on Arrest of Secret Crypto Miner in China Following Theft

Activists in China Use Blockchain to Avoid Censorship

Sources claim that a student of Peking University, Yue Xin, who made accusations against the university’s authority for trying to silence her, has written an open letter to the university on issues concerning an alleged sexual harassment by one of the university’s professor. To avoid government censorship, activists have proceeded to putting up the #MeToo

By | July 12th, 2018|Categories: China|Tags: , , , , |Comments Off on Activists in China Use Blockchain to Avoid Censorship

China’s Xi Hates Bitcoin, Not Blockchain

Despite the unhappy breakup between China and cryptocurrencies last year, President Xi Jinping is now calling the founding blockchain technology a 'breakthrough.' For the Chinese authorities, Bitcoin and other cryptocurrencies could create financial risk and potentially jeopardise Communist Party authority. Yet the blockchain technology, that cryptocurrencies are built on, could provide the PRC with greater

By | July 11th, 2018|Categories: China|Tags: , , |Comments Off on China’s Xi Hates Bitcoin, Not Blockchain

Chinese Crypto Moguls Respond to Recording Controversy

Following the controversy earlier this week, when leading Bitcoin tycoon Li Xiao Lai called out fellow crypto moguls, Chen Weixang, another leading voice in the community, has responded. On July 4th, Chen Weixing posted a response to Li Xiao Lai's claims. Stating he would never be able to reconcile with the billionaire, Chen emphasised the lack

By | July 6th, 2018|Categories: China|Tags: , , , , , , |Comments Off on Chinese Crypto Moguls Respond to Recording Controversy

Bitcoin Billionaire Outs Chinese Crypto Industry in Secret Recording

A secret recording of the biggest Chinese bitcoin tycoon Li Xiao Lai has recently emerged on Chinese social media.  In this recording, he calls out many big names in the crypto space as “cheaters” and scammers, causing an uproar in the Chinese crypto scene. Who is Li Xiao Lai? Li Xiao Lai is a venture

By | July 6th, 2018|Categories: China|Tags: , , , , , |Comments Off on Bitcoin Billionaire Outs Chinese Crypto Industry in Secret Recording

China’s First Blockchain Industry White Paper Released

The Ministry of Industry and Information Technology has officially released the White Paper on China's Blockchain Industry Development in 2018 - making it the first official white paper on the blockchain industry within China. Key Information the number of blockchain focused companies within China has reached 456; This figure is made up of upstream hardware manufacturing,

By | July 4th, 2018|Categories: Blockchain, China|Tags: , , |Comments Off on China’s First Blockchain Industry White Paper Released

Chinese Exchange ‘BTCC’ to Relaunch

Following its closure in September 2017, BTCC has announced plans to reopen the exchange platform, alongside the release of its own native token in the future. In late 2017, BTCC - formerly known as BTC China - was forced to shutdown due to pressure from the Chinese authorities. Last year, the Chinese government clamped down

By | July 3rd, 2018|Categories: China|Tags: , , , , |Comments Off on Chinese Exchange ‘BTCC’ to Relaunch

New Cryptocurrency Regulation Speculation for China

There are indications that the Chinese government may be looking toward revisiting its controversial ban on cryptocurrency trading, in favour of regulating the market, following the promotion of regulation by China's largest State-owned newspaper. At the end of May, an editorial on Globaltimes.cn, a news website owned by People’s Daily – China’s official communist party newspaper with

By | July 2nd, 2018|Categories: China, News|Comments Off on New Cryptocurrency Regulation Speculation for China