Tag Archives: China

Bitcoin Mining in China is Not Banned Yet, Contrary to Reports

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Throughout this week, false reports regarding the legality of bitcoin and cryptocurrency mining have emerged. Local sources have revealed that bitcoin mining is not banned as of yet. Unconfirmed Reports and Rumors Initially, Sichuan Electric Power Company, released an unconfirmed circular which […]

3 Must Read Stories: Trump the South China Sea Peacemaker, Bitcoin Slumps, Cathay Pacific Loses Blue Chip Status

U.S. President Donald Trump will meet with his firebrand Philippines counterpart Rodrigo Duterte on Monday at a summit of Asia-Pacific leaders with the South China Sea dispute high on the agenda. The two leaders, who share a bombastic and brash rhetoric, will meet in Vietnam at a trade summit hosted by the Association of Southeast Asian […]

40 Companies From China and EU Have Applied to Mine Bitcoin in Russia

Mining Companies from China and the European Union have applied to start mining operations in Russia. The country already has “hundreds” of cryptocurrency mining factories but still has free energy capacity for foreign companies to set up mining farms. Also read: Russia Promises Regulation Will Not Kill ICOs 40 Applications Received The […]

China Struggles to Lay Killing Blow to Bitcoin, Currency Thrives

China became the first country to take a hardline approach to ICOs, then moved on to Bitcoin and the exchanges that trade the digital currency. Despite these bold and brazen efforts, Bitcoin’s price is higher than ever, and the currency continues to be a factor in China. Where there’s a will there’s a way, and […]

Cryptocurrency Exchanges in China Are Officially Dead

China officially banned cryptocurrency exchanges after announcing it was considering the move back in September. (See more: How Might China’s Ban Affect Bitcoin?) The last digital currency exchange in China was shut down as of November 1. With that final closure, the exchange of digital currencies in China officially became illegal. However, that’s not to […]

Bitcoin trades in China soar despite government crackdown | City & Business | Finance

Figures from China’s internet finance body, the National Committee of Experts on Internet Financial Security, suggest the share of Chinese renminbi trading in Bitcoin has jumped from five per cent to 20 per cent over the past two months.    The Chinese government implemented a crackdown on Bitcoin – which has been used to move […]

Bitcoin proves hard to kill in China

November 7, 2017 Gabriel Wildau in Shanghai Listen to this article Play audio for this article Pause This is an experimental feature. Give us your feedback. Thank you for your feedback. What do you think? I‘ll use it in the future I don‘t think I‘ll use it Please tell us why (optional) Send Feedback Chinese […]

People’s Bank Of China Maintains Focus On State-Backed Cryptocurrency Amid Bitcoin Clampdown

Nowhere is the showdown between private and government-backed cryptocurrency more obvious than in China. As regulators squash bitcoin exchanges and token offerings, officials from the PBoC maintain interest in creating a central bank-issued digital currency. On November 4, 2017, Yao Qian, the Deputy Director of the PBoC’s Science and Technology Division and director of the […]

Chinese Analyst Describes Bitcoin as Potential “Nuclear Bomb’ In “New Currency War” Between China and USA

News Xiao Lei, a Chinese financial analyst, has published an article that seeks to argue that the spheres of bitcoin and cryptocurrency are increasingly becoming a battleground in “a new currency” war between China and the United States. Despite some bitcoin users describing Lei’s views as conspiratorial, the article has garnered significant […]

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