Aug 13, 2019 at 10:38
China is Ready to Launch a Central Bank Cryptocurrency
The world’s most populous country, China, is now more than willing to launch its new state-backed cryptocurrency, according to an official statement from the People’s Bank of China (PBOC). With its population of over 1.4 billion people, if every Chinese decides to use this new stablecoin and may be one more token, the market for cryptocurrencies will see a major boost.
Aug 06, 2019 at 13:28
US-China Trade War Leads Bitcoin Price to Trade Over $12,000
The world’s top cryptocurrency by market capitalization, Bitcoin (BTC), has once more managed to hit and exceed the $12,000 price level after around 3 to 4 weeks trading below that mark. The surge comes after a huge devaluation of China’s fiat currency yuan which touched the bottom level against the United States dollar (USD) since exactly nine years ago. The event is one part of the US-China trade war.
Jul 23, 2019 at 12:08
Libra is Getting Popular in China Despite Criticism in USA
The latest research shows that Libra, the cryptocurrency owned by Facebook, is now ranked the third most searched keyword on Weibo, a Chinese search engine. Libra follows words like “Chinese Movie Star” and Mona Lisa correspondingly. This is an indicator that people living in the country have started to gain appetite for digital currency including Libra, Bitcoin and others.
Chinese Police Have Confiscated Illegal Mining Devices
Police detectives in the Chinese City of Zhenjiang recently confiscated about 4,000 bitcoin mining computers. According to the police, the miners illegally connected their mining machine to the Electricity grid. Further report indicates that electricity worth more than $3m was illegally used for mining.
ZB Group’s Vice President’s Take on the Blockchain as an Indispensable Key Technology
On June 6th, 2019, the Vice President of ZB Group, Ms. Aurora Wong, was invited to speak at the Eagle Chain Digital Economy and Culture Festival’s forum, which took place at Ramada Optics Valley in Wuhan, China, during the prestigious Digital Economy Industrial Application Summit. The summit was jointly sponsored by Eagle Chain Fund, Anypay, Jinse, Brlock360, AO Union among other top organizations.
Bitcoin Market Could be Affected by Trade War Caused Downfall
Based on the current quagmire of geopolitical conditions, the entire globe could see another big recession within the next nine months, especially if the trade war is prolonged, expert economists reveal. Both the Bitcoin, cryptocurrency and traditional markets could be affected.
USA-China Trade War Could Cause Bitcoin to Rally Again
The Trade War between the United States of America (USA) and China could cause another rally for Bitcoin, Ether, Ripple and other popular cryptocurrencies. The economic war could ultimately spread into the USA bond market, with China liquidating US Treasuries. Gold seem to be flat compared to Bitcoin. Investors affected by the trade war have decided to seek refuge in blockchain and digital currencies.
Blockchain is Used to Track the Origin of Products in Italy
As the use of cryptocurrencies and blockchain technology continues to gain traction in Italy, Carrefour – a French supermarket group – is strongly committed to technological innovation in tracking over 20 of its 300 branded products in its supply chain, and plans to achieve tracking of origin (place of source) of more than 20% of its products being offered by the end of 2019.
Potential Scenarios in China’s Bitcoin Mining Ban
China, the world’s biggest market for computer hardware produced to mine Bitcoin and other major cryptocurrencies, recently banned crypto mining activities, with the aim of combating the increasing pressure on the government from the crypto sector. The move - China’s Bitcoin (BTC) and cryptocurrency mining ban – poses some potential scenarios.