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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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China: Locals Allegedly Laying Cable via Fish Ponds to Steal Oil Well Power for BTC Mining

China: Locals Allegedly Laying Cable via Fish Ponds to Steal Oil Well Power for BTC Mining

Police in China have reportedly gathered evidence of people laying cables via fish ponds to steal oil well power to fuel their bitcoin (BTC) mining. The news was reported by daily Chinese tabloid The Global Times on June 13. The Global Times is published under the auspices of state-backed newspaper group The People’s Daily. The report outlines that the Green...

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China has more than Huawei – Hyper Speed Network, combining 5G with Blockchain Technology

China has more than Huawei – Hyper Speed Network, combining 5G with Blockchain Technology

The 5G standard promises to embody a mobile-connectivity revolution, providing enhanced broadband connectivity and speed for a wide swath of customers. As we approach that future, technological innovation is made almost daily and the race about who is leading the field has long begun. China and its leading company Huawei are paving the way. But there...

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China Throws Bitcoin-Mining Grandma in Jail for Electricity Theft

China Throws Bitcoin-Mining Grandma in Jail for Electricity Theft

Chinese authorities sentenced a 61-year-old grandmother to four months in jail for stealing electricity while mining bitcoin. Qiuping Tang was also fined 10,000 yuan (about $1,500) for electricity theft. A federal court in the Hebei Province of China made the decision pursuant to a lawsuit filed by the Tangshan Power Supply Company, Chinese media reported. Specifically,...

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