カテゴリー: chinese

China Has Found 421 Fake Cryptocurrencies

China Has Found 421 Fake CryptocurrenciesA Chinese government-backed industry organization has published a report on fake cryptocurrencies. As of April, its monitoring platform has found 421 fake cryptocurrencies, 60% of which are deployed overseas. The Committee has also outlined major red flags of these cryptocurrencies. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space 421 Fake Cryptocurrencies The National Committee […]

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Bitcoin in Brief Friday: China Mulls Blockchain Standard, Zcash Fights Chinese ASICs

Bitcoin in Brief Friday: China Mulls Blockchain Standard, Zcash Fights Chinese ASIC-MinerIn today’s Bitcoin in Brief we are covering a number of stories related to China. According to statements by Chinese officials, the People’s Republic is developing a national standard for blockchain technologies, which should be introduced next year. Also, the Zcash Foundation is taking steps to protect the network of the privacy coin from ASIC-based […]

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Chinese State Media Accuses ICOs and Exchanges of Defying Crackdown

Chinese State Media Accuses ICOs and Exchanges of Defying CrackdownChinese state media outlet, Voice of China, has published reports criticizing the efforts of Chinese cryptocurrency exchanges and initial coin offerings (ICOs) to continue operations in spite of the central government’s 2017 crackdown. Also Read: Markets Update: BTC Resistance at $10,000 Holds, Gains Dwarfed by Alternative Markets State Media Criticizes Cryptocurrency Exchanges’ Defiance of Crackdown Voice […]

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US Court Rules Alibaba Powerless to Stop Cryptocurrency Using Its Name

US Court Rules Alibaba Powerless to Stop Cryptocurrency Using Its NameA U.S. District Court has ruled against Chinese conglomerate Alibaba Group in favor of a Dubai-based cryptocurrency foundation, Alibabacoin. The judge says Alibaba Group did not show any jurisdiction in the U.S. and China’s ban on initial coin offerings eliminates any potential confusion. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space No Jurisdiction for […]

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Chinese Household in Trouble for Chasing a Lost Cause – Mining Bitcoin with Phones

Chinese Household in Trouble for Chasing a Lost Cause – Mining Bitcoin with PhonesA Chinese household has been stealing electricity to mine bitcoin using 50 mobile phones and 15 improvised mining rigs. The home workshop has consumed almost 33,000 kWh of unbilled electricity. That should be enough for a couple of bitcoins, but using a smartphone for the job is not really an option.   Also read: 80% […]

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Binance Exchange Founder Sued by VC Fund Sequoia Capital

Binance Exchange Founder Sued by VC Fund Sequoia CapitalSequoia Capital, a venture capital firm headquartered in Menlo Park, California is suing the Chinese founder of the cryptocurrency exchange Binance, Changpeng Zhao (better known as CZ). The American VC fund reportedly accuses CZ of allegedly negotiating with another firm while he signed an exclusivity agreement with Sequoia. Also Read: Bitcoin in Brief Wednesday: Crypto […]

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Hong Kong and Singapore Emerge as New Meccas for Token Sales

Hong Kong and Singapore Emerge as New Meccas for Token SalesTwo countries have recently emerged as the new Meccas for token sales following bans in China and South Korea. The number of initial coin offerings in Singapore and Hong Kong has skyrocketed in recent months, as companies seek a favorable environment to raise funds outside their home countries. Also read: Yahoo! Japan Confirms Entrance Into the […]

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Nasdaq-Listed Company Xunlei Faces Class-Action for Disguising ICO

Nasdaq-listed technology firm Xunlei has become the subject of multiple class-action lawsuits from investors who purchased the company’s digital token, Linktoken. Xunlei is accused of misleading investors to disguise an initial coin offering (ICO) through which Linktoken was distributed. Also Read: Survey: 89% of Visa, Mastercard, Unionpay Users Know Crypto – 53% Have Purchased Xunlei CEO […]

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SPI Solar to Host 5,000 Bitcoin Miners for Chinese VC Fund 500 IPO

SPI Solar to Host 5,000 Bitcoin Miners for Chinese VC Fund 500 IPOGreen bitcoin mining, using renewable energy to produce the cryptocurrency, is in vague across the world. And while generating hydroelectric power from dams have been more widely reported recently, solar power is gaining ground, as exemplified by 500 IPO entering the space.   Also Read: Blockchain Mining Completes Bitfarms Merger, Stock Jumps 49% Sun-Powered Bitcoin […]

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Chinese Merchants in Moscow Convert Most of Their Cash to Crypto

Chinese Merchants in Moscow Convert Most of Their Cash to CryptoChinese traders in Moscow’s huge wholesale bazaars have become the most active buyers and sellers of cryptocurrency in the Russian capital. The retail turnover there is estimated at almost $10 billion a month. Authorities say that most of it is converted to cryptocurrencies and sent back to China where it‘s exchanged to yuan.    Also […]

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