May 24, 2020 China’s NPC siggests government backed blockchain development fund The National People’s Congress of China has proposed a government-backed blockchain development fund to support the growth and development of the nation’s blockchain ecosystem.…
May 24, 2020 China’s Congress Proposes Blockchain Development Fund NPC, China’s parliament suggests a government backed blockchain development fund to build a better governance system. National People’s Congress, China’s parliament and Chinese People’s Political Consultative Conference, the most powerful political advisory body in the country, have recently begun their annual sessions.…
May 23, 2020 Bitcoin Miners Will Use Derivatives Like Traditional Commodity Producers Miners need traditional financial products in order to hedge against the risk of increasing hash rate and difficulty. Bitcoin (BTC) mining has become a multibillion-dollar industry.…
May 23, 2020 Ontology Partners With German Startup to Accelerate Supply Chain Identity Solutions Ontology has partnered with digital identity specialist Spherity to expedite the development of ID solutions across the supply chain. Ontology recently partnered with German digital identity and cloud wallet provider, Spherity, to collaborate on expediting development on digital identity solutions for products and enterprises.The…
May 22, 2020 Chinese e-Yuan goes Live – End of Bitcoin dominance? The long-awaited Chinese e-Yuan has been released, and investors are all gearing up to jump in on the bandwagon.…
May 22, 2020 Blockchain and US military: only solution against the Russia-China tandem According to recent game mode checks, it has been revealed that the United States of America would not be able to contain the military strength of Russia and China combined.…
May 22, 2020 China Strikes Down 10% of Global BTC Hashrate, Who Will Pick Up The Slack? Citing the increase in illicit crypto-related activities, the provincial government of Sichuan moves to stamp out 10% of the global Bitcoin hashrate. The government of China’s Sichuan province moves to stamp out Bitcoin (BTC) mining activity, citing that growing cryptocurrency prices have led to the escalation of illegal activity under the guise of mining.Sichuan…
May 22, 2020 Layer1 Stabilizes Texas Grids With ‘Bitcoin Batteries’ Layer1 Technologies has deployed its proprietary mining containers as electricity storage systems to stabilize Texas’ electricity market. U.S.-based…
May 22, 2020 Plus Token Leadership Faces Criminal Prosecution in China PlusToken main criminal suspect is facing public prosecution. One of the ringleaders of Plus Token is now facing criminal charges in China.…
May 22, 2020 Crypto Exchanges Speak Out as Binance Takes CoinMarketCap’s Top Spot Binance taking the top spot on recently purchased CoinMarketCap has raised concerns among executives from other top crypto exchanges. For an industry that is supposed to be based upon decentralization, it appears to be getting crowded at the top, with a number of companies transforming into unspoken oligarchs, each wielding huge influence — or at least that’s what some critics argue.One…
May 22, 2020 Token Impersonates Chinese Digital Yuan as Official Launch Date Remains Unknown The launch date of China's long-awaited digital yuan remains a secret, creating space for potential fraud. With the official release date of digital yuan being kept in the dark, third-party actors have stepped in to impersonate the digital yuan officials, hoping to attract gullible investors.A…
May 22, 2020 Chinese crypto miners halt operations amid low water inflow for energy production The current electricity challenge in China might have contributed to the decline in the Bitcoin network hashrate.…
