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BitMart Announces Investment From China-Based VC Firm Fenbushi Capital

August 8, 2019cashtechnews

Digital assets trading platform BitMart announces investment of millions from Chinese blockchain-focused venture capital firm Fenbushi Capital. Digital assets trading platform BitMart has reportedly secured “millions of investment” from Chinese blockchain-focused venture capital firm Fenbushi Capital. BitMart announced the news on Aug. 7. To bring transparency to the global economy With the investment, BitMart has […]

3 Reasons Bitcoin Is Turning Into a Global Safe Haven for Investors

August 8, 2019cashtechnews

Global monetary easing will continue pushing Bitcoin price higher, analysts say. China’s recent currency devaluation seems in line with similar policies taking place across the globe. Let’s take a look why Bitcoin price is rising as a result and why investors are increasingly considering taking shelter in Bitcoin — a neutral and borderless network for […]

Bitcoin Safe Haven Sucking in Money From China, Says Blockchain Executive

August 8, 2019cashtechnews

Investors looking for an escape from yuan devaluation are flocking to Bitcoin as well as traditional fallbacks, says Chris Reinertsen. Bitcoin (BTC) really does function as a safe haven asset in 2019, another source has told mainstream media as the United States–China trade war rages. Bitcoin increasingly important amid economic uncertainty Speaking to Forbes in […]

BMO Chief Investment Strategist: Too Soon to Call Bitcoin a Safe Haven

August 7, 2019cashtechnews

An investment banking strategist for BMO says Bitcoin has shown a lot of volatility, and it is too soon to call it a safe haven. Brian Belski, chief investment strategist at the investment banking company BMO Capital Markets, said that he thinks it is premature to call Bitcoin (BTC) a safe haven from economic turmoil. […]

Shenzhen Issued 6 Million Blockchain Invoices in 12 Months

August 7, 2019cashtechnews

Shenzhen issued nearly 6 million blockchain invoices with a total value of $553 million since the program started in August 2018. Major Chinese city Shenzhen has issued nearly six million blockchain-based invoices in a year since their inception in Aug. 2018. Shenzhen processed around $550 million through blockchain invoices in a year According to a […]

Chinese Gov’t Hackers Are Targeting Crypto Companies: Report

August 7, 2019cashtechnews

Chinese state hackers attack cryptocurrency and video game enterprises, cybersecurity company FireEye claims. Chinese state hackers are performing attacks against cryptocurrency and video game enterprises, cybersecurity company FireEye claims in a report published on Aug. 2. Chinese government facilitating hacking operations Per the report, Chinese state espionage cyber unit APT41 “targets industries in a manner […]

Bitcoin Price Correlation With Gold Nearly Doubled in Past 3 Months

August 7, 2019cashtechnews

The correlation between digital and physical gold has almost doubled in the past three months, fresh data from Bloomberg reveals. The correlation between digital and physical gold has almost doubled in the past three months, fresh data from Bloomberg revealed on August 7. The statistics reveal that while the correlation between Bitcoin (BTC) and gold […]

Bitcoin Price Under $12K as Analyst Says Being Bearish ‘Riskier’ Now

August 7, 2019cashtechnews

Return to $11,500 range was expected and gives an opportunity to buy up more coins, says one trader. Bitcoin (BTC) price was hovering closer to $11,500 on Aug. 7 as analysts brushed off concerns of a fresh downward move. Market visualization. Source: Coin360 Bitcoin price experiences another healthy correction Data from Coin360 showed BTC/USD trading […]

China: Police Investigating EtherDelta Over Alleged Exit Scam, Report

August 7, 2019cashtechnews

Chinese police are reportedly taking legal action against decentralized cryptocurrency exchange EtherDelta in connection with an apparent exit scam. Chinese police are reportedly taking legal action against non-custodial token trading platform EtherDelta in connection with an apparent exit scam. The news was reported on Aug. 7 in a series of tweets published by Dovey Wan, […]

Grocery Involved in Nearly Half of all DLT Supply Chain Projects

August 6, 2019cashtechnews

The groceries sector benefits the most from distributed ledger technologies, new study finds. The grocery sector is responsible for nearly half of all Distributed Ledger Technology-based (DLT) supply chain projects. UCL: grocery most active in DLT tracking Research conducted by the University College London centre for blockchain and retail blockchain consortium and published on Aug. […]

Tag: china

BitMart Announces Investment From China-Based VC Firm Fenbushi Capital

3 Reasons Bitcoin Is Turning Into a Global Safe Haven for Investors

Bitcoin Safe Haven Sucking in Money From China, Says Blockchain Executive

BMO Chief Investment Strategist: Too Soon to Call Bitcoin a Safe Haven

Chinese Gov’t Hackers Are Targeting Crypto Companies: Report

Bitcoin Price Correlation With Gold Nearly Doubled in Past 3 Months

China: Police Investigating EtherDelta Over Alleged Exit Scam, Report

Grocery Involved in Nearly Half of all DLT Supply Chain Projects

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