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PBoC official: Libra must be regulated

PBoC official: Libra must be regulated

Libra can’t function as a cross-border fund transfer option without support from central banks. “The quality of the code isn’t stable:” PBOC. Facebook Inc. plans to issue a cryptocurrency called Libra will have to fall under the regulators’ eye. This is according to the views of the deputy director of the People’s Bank of China’s...

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People’s Bank of China Blockchain Platform Has Processed Nearly $4.4B This Past Year

People’s Bank of China Blockchain Platform Has Processed Nearly $4.4B This Past Year

In September of last year, the People’s Bank of China (PBoC) released its blockchain trade finance platform. Chinese media is now reporting that the ‘experiment’ has been a massive success, reaching billions of dollars worth in transactions on foreign exchanges. China has been experimenting with blockchain for some time, but authorities are just now releasing...

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Tron Calls Police to Protect Beijing Office Against Angry Mob

Tron Calls Police to Protect Beijing Office Against Angry Mob

The Tron office in Beijing has been surrounded by police as a crowd gathered to protest against a Chinese ponzi scheme that went under a Tron-like name, Twitter personality Crypto Authority reports on July 8. Videos with crowds surrounded by police officers in the Tron’s office have spread over Twitter, with people apparently coming to express outrage at a local crypto scam that reportedly led to $30 million worth of losses and one...

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Chinese Ponzi scheme victims accuse Justin Sun of complicity through silence

Chinese Ponzi scheme victims accuse Justin Sun of complicity through silence

Chinese victims of a billion dollar Ponzi scheme that defrauded hundreds of thousands are baying for the blood of Tron CEO Justin Sun, Chinese crypto news site Nuclear Finance reported today.  Tron is known by the name “Wave Field” in China. But a Ponzi-like “Wave Field Super Community” scheme also traded on that name and claimed associations with...

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Chinese State Media: “Bitcoin a Safe Haven Asset Amidst Trade Tensions and Slowing Growth”

Chinese State Media: “Bitcoin a Safe Haven Asset Amidst Trade Tensions and Slowing Growth”

A recent report from China indicates the government’s outlook on crypto could be evolving as geopolitical tensions continue to boil.  Xinhua News Agency, China’s state-run press agency, published analysis on Tuesday stating that Bitcoin displays the attributes of a “safe-haven asset.”  “Since the beginning of this year, due to multiple factors such as the escalation of economic...

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Blockchain Courses Coming to China’s Largest IT Developer Education Platform

Blockchain Courses Coming to China’s Largest IT Developer Education Platform

Chinese programmers will now be able to learn about blockchain development from the largest platform dedicated to IT education in the country. Jikexueyuan.com currently boasts more 600,000 active members. The platform’s courses focus mostly on educating developers working with Android operating systems. It offers more than 2,500 different study programmes. HPB Brings Blockchain Education to the Masses in...

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‘Hard Core Fund’ Collects 50 BTC to Support Bitcoin Developers

‘Hard Core Fund’ Collects 50 BTC to Support Bitcoin Developers

According to venture capitalist Dovey Wan of Primitive Ventures, finding sustainable funding for bitcoin developers is the biggest challenge facing the ecosystem in 2019. To bridge that gap, she’s helped gather 50 BTC — an amount worth just north of $450,000 at press time prices — that are now up for grabs. Wan partnered with...

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Merit of Crypto as Safe Haven Showing: Bitcoin Volume in Hong Kong Spikes

Merit of Crypto as Safe Haven Showing: Bitcoin Volume in Hong Kong Spikes

Throughout its short history, Bitcoin (BTC) has been seen as anything but centralized, sovereign, and censorable. The crypto asset was created by a pseudonymous individual, is secured by a global group of miners, and is backed by no government, traditional finance system, or common entity. And as a result, many have looked to Bitcoin and its brethren...

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Binance issued a Bitcoin-backed token

Binance issued a Bitcoin-backed token

TS The token is based on  BEP2 standard. The crypto exchange plans to issue several such assets to improve liquidity and increase the trading volumes.      The largest cryptocurrency exchange by trading volumes, Binance will issue several tokens backed by cryptocurrencies on its proprietary blockchain. BTCB is the first in the row. “Binance will issue...

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Bitmain is suing three former employees who started Poolin, a rival to BTC.com mining pool

Bitmain is suing three former employees who started Poolin, a rival to BTC.com mining pool

The Takeaway Bitmain is suing three former employees who started Poolin, a rival to the chip manufacturer’s BTC.com mining pool The company is seeking $4 million in damages, alleging the Poolin co-founders violated their non-compete agreements; The former employees say Bitmain voided the non-compete by failing to pay them on time as agreed. The case offers...

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