66% Of Bitcoin’s Hash Rate Is Controlled By China, 54% Coming From A Single Province

December 18, 2019
The hash rate of Bitcoin, which is the processing power of the network, is reportedly controlled by China by an overwhelming majority, according to CoinShares. What else did this firm discover with their tracking of the Bitcoin’s network? Of all of the Bitcoin network’s processing power, China controls 66% of it. CoinShares has been tracking

Technology for Blockchain is Growing in China

November 22, 2019
About 52 percent of internet companies have begun utilizing blockchain in China. That is about 26 of the top 50 companies. Out of the top ten, only two have failed to accept blockchain. Some of the leading internet companies in China are related to blockchain in one way or another. Others support it. Sixteen of

Alibaba’s Ant Financial Starts Pre-Launch Testing of Consortium Blockchain

November 19, 2019
Ant Financial, the fintech arm of Chinese tech giant Alibaba Group, has launched the testing stage for its consortium blockchain. Speaking at the World Blockchain Summit at Wuzhen, China, Jieli Li, senior director of technology and business innovation at Ant Financial, said the blockchain is set to go live three months after the testing period,

EOS Holds Top Spot, Bitcoin 11th in China’s Latest Crypto Rankings

November 5, 2019
China’s state-backed tech workgroup has released its fourteenth crypto rankings report, with Bitcoin (BTC) ranked 11th and EOS (EOS) retaining the top spot as of the end of September 2019. The listings rank 35 assets in total, as reported on Sep. 29 by the Center for Information and Industry Development (CCID)’s online information portal. Reshuffles

Tron price up 25% as China reportedly ‘Bans’ Anti-blockchain sentiment

November 4, 2019
China is rapidly adopting a pro-blockchain stance following news it would bring in a so-called “crypto law” in January next year. China: Blockchain must be legitimate In a sign of China’s abrupt official about-turn on blockchain, officials are deleting posts that claim the technology is a scam, Twitter-based crypto news resource cnLedger reported on Oct.

Minister Says India, Like Other Nations, Extremely Cautious on Libra

October 28, 2019
Finance Minister Nirmala Sitharaman has said that India — like many others, in his view — is showing a high degree of caution in regard to Facebook’s Libra. During last week’s 2019 Annual Meetings of the International Monetary Fund and the World Bank in Washington, D.C. — which included a discussion of the Libra project

Chinese Mining Giant Canaan to Go Public in US in November

October 15, 2019
Chinese crypto mining giant Canaan Creative plans to list as a publicly traded company in the United States in November 2019, according to an unconfirmed report. Canaan to issue 1.26 billion shares Canaan Creative, which reportedly filed a $200 million initial public offering (IPO) request with the U.S. regulators in July, will issue 1.26 billion

‘Hurun China Rich List 2019’ Features 12 Crypto Magnates

October 15, 2019
“Hurun China Rich List 2019” published by Hurun Report, a research, media and investments firm, features 12 local cryptocurrency magnates. The latest list was published on Oct. 10 and includes co-founders of mining giant Bitmain Micree Zhan and Jihan Wu, founder of major crypto exchange Binance Changpeng Zhao and founder of competing OKCoin — Star

China Telecom Releases White Paper on 5G Blockchain Phones

September 4, 2019
Major phone operator China Telecom has released a white paper on blockchain-powered smartphones in the 5G Era. China Telecom introduced the white paper at the China International Intelligent Industry Expo on Aug. 27, according to a report by local finance news outlet Sina. Existing troubles In the document, China Telecom pointed out the potential benefits

China’s Monthly Crypto Rankings: Bitcoin Takes 11th Place, EOS Still Leads

August 6, 2019
In its latest rankings, the Chinese CCID Research Institute put Bitcoin (BTC) in eleventh place on a list of 37 digital currencies in terms of technology, application and innovation. The ranking results were published by Forex Crunch on July 31. The CCID Research Institute is an initiative of China’s Ministry of Industry and Information Technology