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Observers Split Over Floods Impact on Chinese Mining

Extreme weather conditions have claimed a new victim during floods — cryptocurrency miners. A combination of floods in Sichuan and heatwaves in Europe last week briefly dented the global “hashrate”, which measures crypto mining capacity — and offered a glimpse of what might happen if China succeeds in wiping out its bitcoin mining industry. The storms,

By | July 13th, 2018|Categories: News|Tags: , , , , |Comments Off on Observers Split Over Floods Impact on Chinese Mining

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

China’s Ministry of Industry and Information Technology to publish ratings for blockchain projects

A research unit under China’s Ministry of Industry and Information Technology said on Friday it would produce ratings for blockchain projects, in the latest effort by Beijing to regulate the technology that underpins virtual currencies such as bitcoin. Blockchain is a digital data structure that is most recognised for verifying and recording transactions using a

By | May 13th, 2018|Categories: News|Comments Off on China’s Ministry of Industry and Information Technology to publish ratings for blockchain projects

Huawei to Offer First Crypto Wallet App on Latest Smartphones

Chinese telecommunications firm and smartphone maker Huawei is partnering with BTC.com to roll out a mobile cryptocurrency app for the tech giant's newly launched app store. BTC.com, which is owned by mining giant Bitmain, tracks cryptocurrency mining and block information, while also providing a digital wallet service. The site's vice president for business operations, Alejandro

By | May 12th, 2018|Categories: News|Comments Off on Huawei to Offer First Crypto Wallet App on Latest Smartphones

Huobi China Works with Universities to Invest in Blockchain Development

Cryptocurrency exchanges are involved in the market not only by offering their services, buy also by investing large amounts of money in research and development. And this is what Huobi China is doing. It has decided to set up a $1 billion blockchain fund that will be used to invest in blockchain technology projects. Huobi China Blockchain Funding

By | May 5th, 2018|Categories: News|Comments Off on Huobi China Works with Universities to Invest in Blockchain Development

ATN Director Hope Fan: ‘Our marketplace will make AI accessible for all’

After interviews with Qtum, Loopring, Bytom and many other Chinese blockchain projects, last week, China Crypto News arranged an interview with ATN and spoke to Hope Fan, Director at ATN (AI Technology Network). Not very well known among the big public yet, ATN is building a decentralized marketplace for artificial intelligence as a service. In

By | April 24th, 2018|Categories: News|Comments Off on ATN Director Hope Fan: ‘Our marketplace will make AI accessible for all’

Shenzhen Backs $79 Million Fund To Support City’s Blockchain Startups

The launch of a 500 mln yuan (about $79 ml) Blockchain venture capital fund for Chinese city Shenzhen was announced at a Blockchain Expo held in the city, local news outlet Sohu reported yesterday, April 22. Yesterday’s announcement at the China Electronic Commerce Association-hosted Expo stated that the Shenzhen Angel Investment Guidance Fund, an almost

By | April 23rd, 2018|Categories: News|Comments Off on Shenzhen Backs $79 Million Fund To Support City’s Blockchain Startups

Chinese Police Bust $13 Million Crypto Pyramid Scheme

Police in China's northwestern city of Xi'An have arrested the founders of a claimed nationwide cryptocurrency pyramid scheme that allegedly amassed 86 million yuan ($13 million) from over 13,000 people. According to a report from local media source Huashang News, Wednesday, the scheme launched in March 28 this year after months in preparation by a primary suspect who

By | April 20th, 2018|Categories: News|Comments Off on Chinese Police Bust $13 Million Crypto Pyramid Scheme

Bitcoin Miner Blames Trading Crackdown in China for Shooting

A bitcoin miner in Taiwan is blaming the crackdown on bitcoin trading in mainland China for an incident in which he was shot by local gangsters. According to a report from Taiwanese news source Liberty Times, the incident occurred on Saturday night, local time, when the two suspects allegedly scheduled to meet a bitcoin miner with

By | April 17th, 2018|Categories: News|Comments Off on Bitcoin Miner Blames Trading Crackdown in China for Shooting

China’s Hangzhou Blockchain Industrial Park Opens With $1.6 Billion Backing

On April 9th, 2018, during the inauguration of China’s Hangzhou Blockchain Industrial Park, a $1.6 billion USD innovation fund was presented by the Xiongan Global Blockchain Innovation Fund, to provide a financial push to promising Chinese blockchain startups. Over the past few months, the Chinese government has shuttered several cryptocurrency-related activities such as initial coin

By | April 12th, 2018|Categories: News|Comments Off on China’s Hangzhou Blockchain Industrial Park Opens With $1.6 Billion Backing