Crypto traders in China and the United States have shown more interest in purchasing Bitcoin than selling it. Don’t worry — this time there’s news coming out of China that isn’t connected to the coronavirus outbreak. With so many people around the world working from home, social distancing, and self-quarantining after possible exposure to COVID-19, […]
Continue ReadingCheck out this week’s Bad Crypto News. The Bitcoin Clock ticks on—less than 52 days now before the next halving—and let’s hope that Bitcoin still has value when that happens. Trader Peter Brandt isn’t optimistic. He sees Bitcoin in a race with gold to hit $1,000. Then again, in January, he thought BTC wouldn’t reach […]
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KuCoin exchange establishes KuGroup, a core division of the company that will manage all three of the company’s businesses. Despite the ongoing global crisis fueled by intensifying coronavirus fears, Singapore-based cryptocurrency exchange KuCoin takes action to expand its services and restructure business. Backed by major venture capital firm IDG Capital, KuCoin exchange has established KuGroup, […]
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A Baidu senior engineer has been jailed for three years for mining $14,000 worth of Monero on company servers. An engineer at Baidu, China’s equivalent to Google, has been jailed for mining Monero on around 200 of the company’s servers. According to a March 16 report by local media outlet, Abacus News, the employee eventually […]
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China’s Bitcoin trading volumes have continued to drop, hitting a two-year low on peer-to-peer exchange LocalBitcoins. China’s Bitcoin (BTC) trading volumes have continued to drop, hitting a two-year low on peer-to-peer exchange LocalBitcoins. According to Bitcoin statistics website Coin Dance, China’s BTC trading volumes have been gradually dropping from late 2019 to the present, touching […]
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Chinese President Xi publicly supports blockchain development in the country. The first blockchain industrial park was opened in Shanghai’s Baoshan District in November 2016 with the goal of not only developing blockchain technology for government-related work, but also for connecting the technology with finance, insurance, real estate, intellectual property and other industries. Shortly after the […]
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Following President Xi’s statement, China is now actively pursuing blockchain development through regulation, promotion and application. After President Xi Jinping called to speed up the development of blockchain technology in the country on Oct. 24, blockchain-related news from China just keeps on coming as the country is seemingly eager to beat the United States (or […]
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Just nine months after its launch, the Nasdaq-powered digital trading platform DX.Exchange is temporarily shutting down as it pursues a merger or outright sale. Just nine months after its launch, the Nasdaq–powered digital trading platform DX.Exchange is temporarily shutting down as it pursues a merger or outright sale. The Estonia-based platform made the announcement on […]
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As the Bitcoin price shows volatility unseen since June, traders anticipate a large move to occur after monthly close on Nov. 1. The Bitcoin price has been showing a high level of volatility following its abrupt increase to $10,600 on Oct. 26, when Bitcoin (BTC) climbed by 43% against the United States dollar on a […]
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China’s central bank relies on centralization and suppression of open technologies such as blockchain, with its next step being to issue a national stablecoin. The People’s Bank of China (PBoC), the country’s central bank, has announced that it is planning to launch a central bank digital currency (CBDC), inspired in part by Facebook’s Libra project. […]
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