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Are Blockchain Projects Destroying ‘Communities’?

Since its release, Bitcoin's market value has grown to more than $100 billion. The Bitcoin community has taken on the responsibility of promoting the rapid development of the industry, and this operation relies entirely on consensus within the group. Under the operation of the community, the market value of Bitcoin has soared. According to Ronnie Moas, founder

By | July 13th, 2018|Categories: Cryptocurrencies|Tags: , , , , , |Comments Off on Are Blockchain Projects Destroying ‘Communities’?

$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

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

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

Why China needs blockchain (but doesn’t need Bitcoin): Five predictions on the future of cryptocurrencies in China

Ever since the news got out that the Chinese government is blocking new ICOs, news sites and fora have been buzzing with speculations about the future of cryptocurrencies in China. Reactions vary from plain denial, clear misreading of the situation and doom-scenario forecasts for the global crypto market. Chinese coins took a strong hit (NEO went down 50% since the

By | September 5th, 2017|Categories: Blockchain, China, Cryptocurrencies, Featured, Insights|Tags: , , , , , |Comments Off on Why China needs blockchain (but doesn’t need Bitcoin): Five predictions on the future of cryptocurrencies in China