China

China soon to launch it’s own digital Yuan, the first national digital currency. Digital yuan will be offered soon as in 2020 will be fully backed by the central bank. The world’s largest populous country is going to be soon recognized as a remarkable one in terms of nationalizing a …

Chinese authorities have taken down a crypto-based company ‘Biss’ operating in Beijing. Reportedly 10 staff members have been arrested by the authorities. 1st major step to be seen after the report of illegal companies’ operations. After the recent report of illegal companies operating under the nose of Chinese authorities, they …

39 illegal cryptocurrency companies spotted in China’s Silicon Valley, Shenzhen. Law enforcement to soon take action on the illegally operated companies. Blockchain hub of China, Shenzhen may very soon find itself in a very questionable side, as 39 cryptocurrency companies in the hub have been found to be working illegally. …

China launches a national standards committee for  Blockchain.  Aims to develop innovation and openness.  Plans to launch technical committees in multiple sectors. A national standards committee for Blockchain technology has been set up in China to boost “high-tech” innovation by The Standardization Administration of China (SAC), which is authorized by …

The Zhejiang Provincial Department of Finance , announced at a block chain event on Nov.18 that , as of Oct. 28 , the platform had 480 medical institutions across the province. The platform was able to minimize the duration of insurance procedures from 12 days to three hours , according …

The biggest social media network in China- Weibo witnesses the ban of the official account of the Tron Foundation, in accordance with Dovey Wan of Primitive Ventures. Huobi and OKEx, Chinese based popular exchanges are still accelerating and rising up with a remarkable escalation. The statement attracted a huge mass …

The People’s Bank of China has not issued legal digital currency (DC/EP) and has not authorized any asset trading platform to conduct transactions. The head of the digital currency research institute at the PBoC, Ma Changchun said that China is working passionately since 2014 towards the development of its cryptocurrency …

Joseph Lubin, the co-founder of Ethereum and the founder of Consensys is optimistic about embracing the Chinese crypto-ecosystem as he is hopeful that China’s Central Bank Digital Currency (CBDC) will permit the interoperability with public blockchains which would also include Ethereum. In his interview with Forbes Joseph stated that he …

Bitcoin is again showing an upward curve jumping to $9000 per Bitcoin after a long moving down time span. It jumped with a great magnitude to a sudden 12% on this Friday, Losing $1000 per bitcoin just a couple of weeks ago had been the nadir in the bitcoin era …

China has always been hard on the decisions related to cryptocurrencies and bitcoin and even they pinned the mining of bitcoin as wasteful. China later went easy with the ICO, bitcoin and cryptocurrency mining, but still going easy with the virtual currency is not enough for them. The country’s government …