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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Chinese president’s embrace of blockchain tech triggered a recent surge in Bitcoin’s price, Galaxy Digital CEO Mike Novogratz said. China’s President Xi Jinping gave credibility to blockchain and crypto by calling the country to accelerate blockchain adoption, said Galaxy Digital CEO Mike Novogratz. The cryptocurrency investor delivered his remarks speaking at the Reuters Global Investment […]
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Automaker Volvo plans to use cobalt tracked on a blockchain in the batteries following the unveiling of its fully electric car, the XC40 Recharge. Automaker Volvo announced on Nov. 6 that it will use cobalt tracked on a blockchain for its car batteries following the unveiling of its fully electric XC40 Recharge model last month. […]
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Subsidiaries of the jurisdictions’ two central banks will collaborate on a new project to link their two trade finance platforms using blockchain technology. Blockchain has received fresh endorsement from China in the form of a development pact with the de facto central bank of Hong Kong. In a news post on Nov. 6, the Hong […]
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The United Nations Security Council’s Sanctions Committee on North Korea has accused the country of using a Hong Kong-based blockchain firm as a front to launder money. The United Nations Security Council’s Sanctions Committee on North Korea has accused the country of using a Hong Kong-based blockchain firm as a front to launder money. As […]
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Research claiming one Tether wallet partly sparked Bitcoin’s 2017 all-time price high misunderstands markets, says Jeremy Allaire, among other reasons. Bitcoin (BTC) price highs in 2017 were not the result of a single trader on an exchange, the CEO of payment company Circle claims. In a series of tweets on Nov. 4, Jeremy Allaire disputed […]
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A decision to treat Bitcoin mining as an undesirable industry earlier this year no longer features in China’s official plans, documents show. Bitcoin (BTC) mining will not face a state crackdown in China, authorities have confirmed in new official documents. As noted by Blockstream CSO Samson Mow and others on Nov. 6, mining no longer […]
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Coinbase’s legal chief Brian Brooks believes the private sector should be responsible for creating the United States digital dollar. Coinbase’s legal chief, Brian Brooks, feels that the United States government should take a step back and allow the private sector to create the U.S. digital dollar. Private sector should build the technology In a Fortune […]
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In his latest tarnishing of Bitcoin, the gold bug likened it to fiat currency by again suggesting it had nothing backing its value. China launching a digital counterpart of the yuan backed by gold puts Bitcoin (BTC) at a disadvantage, veteran gold bug Peter Schiff claims. In a tweet on Nov. 2, Schiff, notorious for […]
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China’s forthcoming digital renminbi is unlikely to use blockchain, considers Ethereum co-founder and ConsenSys CEO Joe Lubin. China’s forthcoming digital renminbi is unlikely to use blockchain, considers Ethereum (ETH) co-founder and ConsenSys CEO Joe Lubin. In an interview for CNBC’s Squawk Box Asia on Nov. 6, Lubin argued that the People’s Bank of China (PBoC) […]
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