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PBoC Reportedly Orders Payment Services to Stop Serving Crypto Traders

The Business Administration Department of the People's Bank of China (PBoC) has reportedly issued a document today requiring payment providers in Beijing to stop facilitating cryptocurrency trading activities. The news, first reported by Securities Times, a state-owned media outlet launched by the Communism Party mouthpiece the People's Daily, said the document requires payment companies to start

By | January 20th, 2018|Categories: News|0 Comments

Are China’s pro-blockchain and anti-crypto policies a step in the right direction?

Much as the 800-year-old Magna Carta provided the framework for modern-day governance through the rule of law, the nine-year-old Bitcoin whitepaper provided the framework for digital governance through codified law. Through Bitcoin, the concept of the blockchain was born, and blockchain technology will unlock opportunities on a global scale that could challenge China’s current dominance

By | January 12th, 2018|Categories: News, Uncategorized|0 Comments

TRON oversells partnership with ‘Chinese’ Netflix

On Wednesday, TRON founder Justin Sun announced that the startup had entered into a partnership with Baofeng, a publicly-listed Chinese company that Sun described as the “Chinese Netflix.” https://twitter.com/justinsuntron/status/950992805932838913 Though the partnership announcement had been teased for a while, the timing was convenient for TRON, which is currently facing accusations of plagiarizing the IPFS and Filecoin whitepapers.

By | January 11th, 2018|Categories: News|0 Comments

Beijing Court dismisses lawsuit against bitcoin exchanges

It has been a while since we last heard from Chinese cryptocurrency exchanges. Ever since the CNY trading ban, very little has changed in that part of the world. In recent news, a Beijing district court has dismissed a lawsuit against such exchanges. Some traders had complained about exchanges being responsible for their financial losses. It was evident such

By | January 10th, 2018|Categories: News|0 Comments

Shares ‘Facebook of China’ surge and plunge after it announces an ICO

Shares of Chinese social-media company Renren Inc. (NYSE: RENN) were down 19% on Jan. 4, after gaining an absurd 76% during the first two trading days of 2018. So why the big jump preceding today's sell-off? The underperforming Chinese social networking company is set to enter the cryptocurrency fray, having announced it is looking to raise cash with an

By | January 5th, 2018|Categories: News|0 Comments

UPDATE: China requests local governments to let bitcoin miners exit the market in an orderly manner

On Thursday, Cai Xin published an article adding a new chapter to China’s battle with bitcoin. After banning ICOs early September and the closure of cryptocurrency exchanges shortly after, there were already rumours about a potential mining ban. However, according the article, at this stage the central government is not considering a mining ban, nor

By | January 4th, 2018|Categories: News|0 Comments

Seven Stars Cloud Group buys 27 percent stake in American crypto exchange

Chinese cloud-based solutions service, Seven Stars Cloud Group, Inc. (SSC), announced this week its 27 percent purchase stake of US crypto blockchain exchange Delaware Board of Trade Holdings Inc. (DBOT). SSC is owned and run by entertainment mogul Bruno Wu, who many analysts believe is trying to get in on the near-half a trillion cryptocurrency

By | December 26th, 2017|Categories: News|0 Comments

Waltonchain in a nutshell with COO Monitor Chan

Waltonchain Highlights:      - Launch of the main net by February - Source code to be published by February - Talking to more exchange platforms, including Bittrex & Bithumb - Talks with Samsung, no partnership 2017 has been an eventful year for Waltonchain. They launched their ICO amidst the ICO ban in China and

By | December 23rd, 2017|Categories: News|0 Comments

Leaked Document China State Grid Fuels Bitcoin Mining Ban Speculation

After China’s ICO ban early September and the closure of centralized exchange platforms, the future of bitcoin and other cryptocurrencies in The Middle Kingdom remains unclear. On 14th November, it seemed China added another chapter to its battle with bitcoin. A notice issued by State Grid, a state owned electric power company, shocked the industry

By | November 15th, 2017|Categories: News|0 Comments

Qtum’s CEO Patrick Dai: “We are the biggest influencer in China’s blockchain industry”

China Crypto News’ main purpose is to inform the world about the latest trends and developments of the blockchain industry in China. And what is better than letting the experts do the talking. Therefore, we reached out to Qtum’s CEO Patrick Dai (28) to ask him about the latest status of their project, as well

By | November 10th, 2017|Categories: News, Uncategorized|Comments Off on Qtum’s CEO Patrick Dai: “We are the biggest influencer in China’s blockchain industry”