China’s Center for Information and Industry Development (CCID) has unveiled its 18th cryptocurrency ranking on June 18. As usual, 37 popular public blockchains have made the cut. This time, there have been very few changes. EOS and Tron remain in the lead EOS continues to firmly hold its first place with 156.1 points followed Read more…
The Thirteenth National People’s Congress and Chinese People’s Political Consultative Conference has come to an end on May 28. According to Xinhua news, the same day the parliament passed a new civil code; a legislation package that includes protecting the civil rights of inheritance, marriage, property, personality, contract and infringement. The new code states: Read more…
Bitcoin investments in China could grow as global funds increase their exposure in Chinese equities in a significant capital reshuffling. The cryptocurrency eyes more demand as a V-shaped rebound in the Chinese economy seems unlikely per top analysts. History shows that unsettling economic conditions send Chinese investors to the safety Read more…
The People’s Bank of China (PBoC) has officially confirmed the pilot of its central bank digital currency (CBDC). Rolled out across four cities so far, its broader aim is to ready the digital Yuan for use in the 2022 Winter Olympics, held in Beijing. Tests to improve the functionality of Read more…
Bitcoin has had a rough week, down around 9 percent and trading below $6,700. Ross Ulbricht, the founder of Silk Road, believes we’re in a bear market that could even take the price under $3,200. Ulbricht is serving two life sentences for money laundering, computer hacking, and conspiracy to traffic narcotics. Mike Novogratz disagrees. Read more…
The crypto community was shocked when local reports suggested that the Agricultural Bank of China — one of the nation’s biggest commercial banks, which is coincidentally state-owned — has begun to test a national digital currency project. The reports cited images leaked through WeChat that showed a new application by the Agricultural Read more…
In its push for fast development and utilization of blockchain, China has formed a national committee tasked with creating standards for this technology, the members of which include a number of tech giants. China seems to be serious about its blockchain plans. As the country’s next step in the process, Read more…