Tag Archives: china

What China’s Cashless Revolution Can Teach the West About Crypto

Michael J. Casey is the chairman of CoinDesk’s advisory board and a senior advisor for blockchain research at MIT’s Digital Currency Initiative. The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday exclusively to our subscribers. Cash appears to be disappearing from China’s teeming cities. Foreign tourists talk of struggling to buy things because… Read More »

Trump’s Tariffs are Putting the Pinch on Bitcoin Mining Giant Bitmain

Advertisement Increasing tensions in China-US trade relations may portend tougher times ahead for Chinese bitcoin mining hardware maker Bitmain, with shipments to one of its major overseas markets facing new tariffs since August 23. The South China Morning Post reports that Bitmain is seen by analysts as the cryptocurrency mining hardware firm with the most potential exposure to US trade… Read More »

Chinese Crypto Wallet Cobo Raises $13 Million, Eyes Global Expansion

Advertisement Plans for worldwide growth are on track for cryptocurrency wallet startup Cobo after it managed to raise US$13 million in a Series A round. The cryptocurrency wallet startup, which is based in Beijing, China, has set its sights on expanding in the United States as well as in Southeast Asia particularly Indonesia and Vietnam. The Series A… Read More »

Amazon Web Services Partners Up with Qtum in China

Recent news of a possible partnership between TRON and Chinese giant Baidu demonstrated the excitement that was produced by sheer rumors of such a move. While this partnership remains only a speculation at this point, another project recently announced a confirmed partnership with an equally as large company. The new partnership announcement came from Qtum (QTUM), a smart… Read More »

Confirmed: Baidu and TRON to Cooperate on Cloud Computing Resources

Decentralized Internet project TRON (TRX) and China‘s largest Internet search provider Baidu will cooperate on cloud computing resources, according to an official tweet from the TRON Foundation posted yesterday, October 17. The tweet confirms a series of unofficial reports that have been circulating since Oct. 13. The first indication that the nature of the Baidu-TRON cooperation would be… Read More »

Qtum (QTUM) Enters “Historic Partnership” With Amazon Web Services, Surges 5%

Qtum Enters “Historic Partnership” In the nascent cryptocurrency market, partnerships are near-essential, as a budding relationship with parties inside and outside of this industry bolsters the adoption, efficiency, and security of crypto assets and blockchain solutions. The community surrounding this industry was recently floored, as Justin Sun of the Tron (TRX) project expressed his excitement that his brainchild… Read More »

Chinese Mining Hardware Manufacturers to Fall Under US Tariff Increases

Major mining hardware producers, such as Bitmain, Canaan and Ebang, could be affected by recently imposed U.S. sanctions on Chinese goods, Hong Kong’s English-language newspaper South China Morning Post (SCMP) reports Tuesday, Oct. 16. Analysts cited by SCMP believe these tariffs could possibly affect China’s major mining hardware producers, as the technology was reclassified by the office of… Read More »

Chinese Crypto Currency Exchange BTCC Expands Into South Korea

New reports from China indicate that the country’s first cryptocurrency exchange, previously known as BTC China, plans to expand their services to Korea. The reports claim that the move is scheduled for October 31, 2018. BTCC is an old crypto exchange, which was launched as far back as in 2011. Since then, it grew to be one of… Read More »

The US-China Battle of Global Supremacy Enters Cryptocurrency Industry

China and the USA have been competing with each other in every field to gain global dominance. The same competition seems to have entered the cryptocurrency industry as White House, understanding China’s Bitcoin Dominance is now backing Ripple Labs. Its BTC vs XRP as two global superpowers look at a crypto world China is, by far, the undisputed… Read More »

Trump’s Trade Tariffs on Chinese Imports to Hit Mining Manufacturers Hard

President Trump’s trade tariffs will likely cause a major dint in the profitability of Chinese companies producing cryptocurrency mining hardware. Of the three mining giants based in China, Beijing’s infamous Bitmain is expected to be the worst hit since they rely most heavily on overseas sales. As Trump’s Trade War Heats Up, US to Charge Chinese Mining Manufacturers… Read More »