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US-China Trade War Could See Bitcoin at All-Time High in 6 Months

US China Trade War Could See Bitcoin At All time High in 6 Months

With analysts putting reputations on the line once more regarding the march of Bitcoin, one analyst has gone one further suggesting Bitcoin could surpass its high of 2017 in only six months. “I believe Bitcoin has the potential to hit USD 25,000 by the end of 2019 or early 2020,” claims prominent Bitcoin analyst Oliver Isaacs, adding: “There are multiple …


China Bond Sell-offs Could Trigger New Highs for Bitcoin, Ether, Ripple

China Bond Sell-offs Could Trigger New Highs for Bitcoin, Ether, Ripple

A Forbes article today underlines the significance of the ongoing US-China trade war, looking at a distinct possibility of it eventually spreading into the US bond market and China starting to sell off US Treasuries. If this does happen, analysts believe that the outflow of money could trigger new highs of 2019 for many of the top cryptocurrencies in play, led …


Bitcoin Recovery Returns Profitability to Mining Rigs Old and New

Bitcoin.com reports that the significant gains over the past few weeks and months have led to turn in fortunes for some beleaguered sections of the Bitcoin mining industry. Since the back-to-back surges in price, Bitcoin has seen more its value more than double since January, and mining operations have been feeling its effect, securing better profits with their newly-minted Bitcoin. …


WeChat Bans Crypto Trading on its App

WeChat Bans Crypto Trading on its App

In a recent development involving the Chinese messaging app giant WeChat updating its payment policy, and restricting the use of cryptocurrency services on its platform, slight tension may have been created in the Chinese Bitcoin market. The development was brought to the notice of the larger cryptocurrency community in a Tweet made by Dovey Wan, a founding partner at cryptoasset …


All Assets Will Be Traded on Decentralized Exchanges

In an interview with Bloomberg, executive chairman of Blockchain Research Institute Donald Tapscott shared his opinion about the future of cryptocurrency, decentralized exchanges and the fate of traditional assets. Tapscott has suggested that in the near future, the intrinsic qualities of decentralized exchanges will make them compatible with traditional assets, he said: “All assets, not just currencies, but traditional securities …


Chinese Miners Struggle for Easy Ride in Iran

Things aren’t turning out to be smooth for Chinese Bitcoin miners heading into Iran to profit from cheaper electricity rates. Long before China hinted it may consider halting Bitcoin mining projects, the exodus began and Iran recently became a hotspot for miners along with parts of South East Asia such as Vietnam and Cambodia. China’s National Development and Reform Commission …


Research: Blockchain in Finance Still Problematic For Operability, Integration with Enterprise Systems

Research: Blockchain in Finance Still Problematic For Operability, Integrating with Enterprise

New research from China points to several problems blockchain still faces in the finance sector, including data privacy compatibility, operability, and its integration within enterprise systems. The conductor of this research, Wei Kai is head of blockchain research at the China Academy of Information and Communications Technology (CAICT). Wei shared his most recent findings at a 2019 meeting of the International Chamber …


China State Planner Targets Crypto Mining on Clean Up List

China State Planner Targets Crypto Mining on Clean Up List

China’s National Development and Reform Commission (NDRC) is looking to siphon off a number of industries which include cryptocurrency mining as part of a state cleanup. The NDRC of the People’s Republic of China, formerly State Planning Commission and State Development Planning Commission, is a macroeconomic management agency under the Chinese State Council, which has broad administrative and planning control …


Chinese Tech Entrepreneur Calls for Blockchain Solutions to Boost Data Protection

Chinese Tech Entrepreneur Calls for Blockchain Solutions to Boost Data Protection

Chinese serial entrepreneur Steve Wei, founder of SkyVPN, is calling for blockchain solutions to boost Virtual Private Network (VPN) security. Wei’s company allows its users to access the web by privately routing the connection through a remote server. He is claiming that VPN should now be decentralized having observed that those current centralized systems allow scrutiny of user data, app use, …


JPMorgan Inspired But Worried About China Fintech

JPMorgan Inspired But Worried About China Fintech

A recent expedition by JPMorgan Chase & Co executives to China to conduct business reconnaissance of their financial technology (fintech) has resulted in mixed feelings of inspiration and worry, according to the consumer bank’s CEO Jamie Dimon. In a letter distributed to shareholders last week, Dimon outlined the vast progresses made by Chinese banking firms in fintech, claiming that the …


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