China - Page 2 - AllStocks Network

Crypto Exchange IDAX Suspends Operations as CEO Goes Missing

Posted on December 2, 2019December 2, 2019 by Rehan Yousaf

The Mongolia-based crypto exchange IDAX has updated its users about an odd situation regarding its missing CEO and has announced it restricts access to its cold wallet. The cryptocurrency exchange IDAX released an “urgent notice” on Friday, November 29th. The notice states that the company’s CEO has been missing since November 24th; because of this, the users of the exchange’s cold wallet would face limited to no access to their digital wallets which store all…

Five Chinese Crypto Exchanges Shut Down Following Government’s Warning

Posted on November 30, 2019November 30, 2019 by Rehan Yousaf

Chinese authorities have warned local cryptocurrency firms about virtual currency trading, and this has now caused at least five crypto exchanges to block their operations and for the course of this month will not provide services for users in the country. President Xi Jinping, who had previously proclaimed his support for the development of blockchain technology in the country, causing confusion within the citizens as China, is now increasing the pressure on the digital currency…

Senior Alibaba Executive: The Movie Industry Needs Blockchain to Grow

Posted on November 25, 2019November 25, 2019 by Julie Williams

Blockchain technology has been famed as having a ton of potential. While that has been proven true for the financial world and even the art world, the Senior Vice President (VP) of Alibaba Pictures, Li Jie, strongly believes that the technology can be used to foster the growth of the movie industry as well, especially China’s movie industry. Speaking at the Forum on Chinese Film Investment and Development, Senior Vice President Li urged his audience…

China Appears to Double Down on Pursuing Crypto Exchanges and Investors

Posted on November 25, 2019November 25, 2019 by Rehan Yousaf

China has apparently decided to double down on its crackdown on cryptocurrency as the technology continues to gain more interest from the public. Risk alerts have been issued in major cities including Beijing, Shenzhen and Shanghai by the government about the illegal use of digital currency in activities such as fundraising, pyramid schemes and frauds. The People’s Bank of China (PBC) has released a statement, saying how the rise of blockchain and cryptocurrency has had…

Harvard Simulation: Hostile Nation Obtains Huge Sums in Cryptocurrency

Posted on November 24, 2019November 25, 2019 by Rehan Yousaf

The Harvard Gazette reported a simulation at the university’s Kennedy School that was set up to explore the dangers of hostile nations receiving large sums in cryptocurrency in secret. In the exercise, a futuristic timeline was set for the year 2021 in which North Korea had just experimented with a test missile which was powerful enough to deliver nuclear warheads to the United States. An emergency crisis was created as Washington was surprised that the…

Weibo’s Ban of Binance and TRON Accounts Questions China’s New Crypto Policy

Posted on November 19, 2019November 19, 2019 by Rehan Yousaf

Weibo, a Chinese microblogging social media platform, has banned accounts of Binance and TRON, two major crypto entities. The initial reason given for this blockage is “violation of laws and regulation” by the platforms. No further details are provided. Interestingly, the Weibo accounts of Binance CEO and TRON Foundation founder, Zhao Changpeng and Justin Sun respectively, are still working. Other cryptocurrency projects and crypto exchanges, which are either based in China or operate in China…

China’s Military Newspaper Suggests Soldiers to be Rewarded in Cryptocurrency

Posted on November 17, 2019November 17, 2019 by Julie Williams

Thanks to President Xi Jinping’s recent game-changing comments about blockchain, the official newspaper of the People’s Liberation Army (PLA), PLA Daily, appears to be poised to see military personnel paid and encouraged in cryptocurrencies as opposed to the Yuan. According to a pro-crypto write-up published by the PLA’s paper, the technology should not be exclusive to civilians. There are a ton of use cases that the technology can offer the military sector. The article opines:…

BRICS Coalition Plans to Develop a Cryptocurrency for Settlements Between Members

Posted on November 17, 2019November 17, 2019 by Rehan Yousaf

BRICS, a collaborative group with five members of major emerging nations – Brazil, Russia, India, China and South Africa – has proposed developing a digital currency for payment transactions between these countries. The CEO of Russian Direct Investment Fund (RIDF), Kirill Dmitriev, detailed the developing plan on Thursday at the BRICS forum. RIDF is a $10 billion wealth fund of the country created by the Russian government. The announcement was reported by RBC Group, a…

China’s Central Bank Executive: ‘Controllable Anonymity’ with State’s Digital Currency

Posted on November 12, 2019November 12, 2019 by Rehan Yousaf

As China moves forward towards the launch of the digitized version of its traditional currency, investors and financial authorities all over the world closely monitor and assess its implications for the general public. With worries of surveillance and abuse in mind, the head of the People’s Bank of China’s digital currency research institute Mu Changchun stressed that the digital currency is not intended to empower the state to control private information of the public. Instead,…

Ethereum’s Founder Joe Lubin Discusses ConsenSys, Ethereum 2.0 and China

Posted on November 12, 2019November 12, 2019 by Rehan Yousaf

In a rather lengthy but surprisingly interesting interview with Forbes, one of Ethereum’s founders, Joe Lubin, gave an in-depth insight into what Ethereum 2.0 is all about including the different stages associated with the project and how Ethereum 2.0 would change the world for good. One of the most fascinating points in the interview was that Lubin stressed his willingness to work with the Chinese government and probably teach them a thing or two about…

« 1 2 3 4 … 8 »