Tag Archives: China

People’s Bank of China: ‘Government Must Have Monopoly on Currency Issuance’

Georgi Georgiev · May 18, 2018 · 2:00 am A seasoned counselor at the People’s Bank of China (PBoC) maintains that the control for currency issuance should remain within the government. The senior official also said that blockchain technology must remain astray from finance. His statements come despite the country’s intentions to create a state-owned cryptocurrency. Decentralization is… Read More »

Tea Tokenizers Arrested in China for Alleged $47 Million Crypto Fraud

Another cryptocurrency project has been busted by law enforcement in China for allegedly soliciting money from investors with fraudulent claims. According to Guangdong Daily, a provincial government organ in China, police in Shenzhen arrested six individuals Monday who allegedly defrauded 3,000 Chinese investors out of $47 million by selling a cryptocurrency they claimed was backed by a commodity. The six… Read More »

Chinese ASIC Manufacturer To Turn To AI In Case Of Stricter Gov’t Regulation

Due to the recent crypto crackdown in China, Chinese ASIC chip manufacturer Bitmain is turning to artificial intelligence (AI) as an alternate revenue source, Bloomberg reports today, May 17. China’s crypto regulations have included an initial coin offering (ICO) ban in the fall of last year, this January’s ban on “exchange-like services,” and the February ban on foreign… Read More »

Decentralized Database Developer CyberVein Releases Whitepaper

May 16, Shenzhen, China – CyberVein, a Shenzen-based group developing distributed database solutions, has published its Whitepaper. The paper describes a novel Directed Acyclic Graph (DAG) ledger design, optimized to store and process vast amounts of data. According to CyberVein, its DAG network will be able to “record multiple datastreams in structured, highly complex databases which can be… Read More »

E-Commerce Giant Alibaba’s Jack Ma Says Blockchain Is Not A Bubble, Bitcoin Is

Jack Ma, the founder of Chinese e-commerce giant Alibaba, spoke out at the 2nd World Intelligence Conference in Tianjin, saying that blockchain technology is not a bubble, but Bitcoin is, Wednesday, May 16. Ma said he has been researching blockchain for years, and believes strongly in its potential to address issues of data privacy and security for society… Read More »

China Ranks Ethereum as the World’s Best Blockchain Network, Bitcoin at #13

Advertisement Join our community of 10 000 traders on Hacked.com for just $39 per month. On May 17, China’s Ministry of Industry and Information Technology released its public blockchain ratings, ranking various blockchain projects like Ethereum in the global cryptocurrency sector based on three criteria: technology, application, and innovation. Bitcoin at #13 As shown in the chart below,… Read More »

China Releases Cryptocurrency Grades: Ranks Ethereum 1st and Bitcoin 13th

Wilma Woo · May 17, 2018 · 7:00 am The China government produced its public Blockchain and cryptocurrency ratings May 17, placing Ethereum top of the list of 28 cryptocurrencies under inspection. Echoes Of Weiss? The ratings, which rank an initial tranche of 28 assets by three criteria – technology, application and innovation – come courtesy of what… Read More »

Chinese IT Ministry Cryptocurrency Ratings Released: Ethereum 1st, Bitcoin 13th of 28

China’s Ministry of Industry and Information Technology has released its official cryptocurrency ratings. The “domestic experts” awarded Ethereum 1st and Bitcoin 13th out of 28 places May 17. As online cryptocurrency news account cnLedger reports quoting local media outlet China Electronics News (CEN), the Chinese government’s top five cryptocurrencies begin with Ethereum, followed by Steem, Lisk, NEO and… Read More »