Tag Archives: China

China Records Highest Ever Trade Surplus with the US Despite Trump’s Efforts

According to data provided by Beijing on Monday, China recorded a record-breaking trade surplus with the United States in 2018. The data reveals that China achieved a trade surplus of $323.3 billion, which is the largest trade surplus in more than a decade. This marks a 17.2% increase from 2017 figures, which stood at $287.5 billion. The data also… Read More »

Blockchain Under Threat in China, Govt. Enforcing “New Regulations on Blockchain Management’ From February 15

Chinese media reports that last year, netizens in China have used Blockchain technology to record the ‘open rape letter of North university student’ as the evidence (which had happened 20 years ago). So to preserve the national security and public interest, Chinese officials on Jan 10, 2019, have released ‘new regulations on the management of blockchain technology’ which… Read More »

Cornered by Bear Market, Bitmain Is Facing an Unclear Future

On Jan. 10, news emerged that Chinese Bitcoin mining giant Bitmain’s co-founders, Jihan Wu and Micree Zhan Ketuan, will step down as co-CEOs of the company. The move follows a streak of reports suggesting that Bitmain has been facing mass layoffs, class action lawsuits and difficulties related to its initial public offering (IPO) during the last quarter of 2018.… Read More »

China Quietly Makes It Illegal to Run a Node Without Gov’t Approval

China has introduced new regulations intended to promote the ‘healthy development’ of blockchain technology. However, the new law also entitles the Cyberspace Administration of China to supervise node operators, as well as to request private information.  New Blockchain Regulations China’s Office of Central Cyberspace Affairs Commission (CAC) issued new regulations dubbed “Regulations on the Management of Blockchain Information… Read More »

Bitcoin Price Analysis: BTC Losses Coincide with China’s New Policies

Bitcoin Price slow down after sinking 10 percentChina introduces new privacy quashing blockchain rulesTrading volumes steady but bearishEven though today’s losses are low, there is hope for traders as long as Bitcoin prices are oscillating above $3,700. Drops below this minor support line could trigger sells towards $3,220 or lower in the next few days.Bitcoin Price AnalysisAt spot… Read More »

US Stocks Rise on Positive Trade Talks with China; Bitcoin Cautious

The US stocks opened Wednesday on a higher note as President Donald Trump signaled positive outcomes of their trade talks with China.The Dow Jones Industrial Average jumped 0.5 percent to 23902 points after adding 115 points while the S&P 500 gained 0.3 percent. The Nasdaq Composite Index surged by 43.2 – or 0.6 percent – to 6941. The… Read More »

China Gets More Blockchain Censorship Powers Under New Rules

China’s crypto angst has shown no sign of abating as we enter a new year. Another raft of restrictive regulations has just been implemented for blockchain companies in the People’s Republic.Data Privacy Not Applicable in ChinaThe Cyberspace Administration of China (CAC) has just introduced more regulations for companies dealing with distributed ledger technology. According to the official announcement… Read More »

China to Enforce Regulation for Blockchain Companies in February

China’s internet regulator, the Cyberspace Administration of China(CAC) in a detailed document outlined a final draft of regulations concerning cryptocurrency and blockchain companies. The rules will come into effect starting February 19, and provide a set of guidelines that blockchain companies are required to follow. According to the CAC’s director: The Regulations on the Management of Blockchain Information… Read More »