Home Tag Archives: China

Tag Archives: China

Anonymous Bitcoin Miners Fill Void as Bitmain Sizes Down

Anonymous Bitcoin Miners Fill Void as Bitmain Sizes Down

Blockchain research unit Diar has published new data which illustrates the degree to which anonymous Bitcoin miners are now validating more blocks than any other pool. This research follows recent announcements that Bitmain, the world’s largest maker of cryptocurrency mining chips, is reported to be laying off up to 50% of its staff in 2019 following huge staff cuts in …


Mongolian Mining Takes a Leap Forward with Japanese Investment

Mongolian Mining Takes a Leap Forward with Japanese Investment

With the announcement that Japanese company Ginco is expanding its mining capacity, Mongolia is set to experience a surge in crypto mining in 2019, despite the downturn in Chinese mining activity. The company best known for its Japanese crypto wallet is tripling its output this year from 600 to 1600 miners in the Chinese province. The news was unexpected given recent …


Beijing to Enforce New Blockchain Laws to Monitor Internet Content

Beijing to Enforce New Blockchain Laws to Monitor Internet Content

Cyberspace Administration of China (CAC), the state body for internet censorship, has announced new guidelines for controlling the blockchain space in the country. The plan for tighter control over blockchain service providers was introduced in October of last year. Beijing’s Blockchain Information Service Management Regulations will take effect from 15 February, showing how urgently the government wants to curb content …


Etisalat Contracts Tech Firms to Develop Blockchain, AI Solutions

Etisalat Contracts Tech Firms to Develop Blockchain and AI Solutions

In a press release yesterday, Middle East telecom carrier giant Etisalat, through its innovation program Future Now, has signed agreements with four tech companies to develop solutions using blockchain and Artificial Intelligence (AI) technologies. The signing of the contract happened after the success of Dubai’s Future Accelerator’s Program, which led to the launch of the Future Now project. The four …


Anti-Crypto Chinese State Media Says Bear Market Not Over Soon

Anti-Crypto Chinese State Media Says Bear Market Not Over Soon

The Chinese state-run media organization Beijing News reported that the cryptocurrency bear market is expected to continue into 2019. Perhaps an unsurprisingly negative outlook is influenced by the country’s condemnation of Bitcoin and other digital currencies. Beijing News claims Bitcoin investments became a ”black hole” in 2018 with the coming year showing ”no obvious rebound” for the market. 2017’s bull run …


Apple Loses Near Equivalent of Bitcoin’s Entire Market Cap in One Day

Apple Loses Near Equivalent of Bitcoin's Entire Market Cap in One Day

Apple’s recent hit in valuation due to the recent slowdown in China’s juggernaut economy illustrated to Bitcoin and cryptocurrency followers just how far the industry needs to develop to become a household name itself. Falling revenues at the company are unprecedented in recent times with shares trading at their lowest since July 2017, and the hit it took last week …


China Could Become a Factor in Bitcoin’s Success in 2019, but Knowledge Is Key

China Could Become a Factor in Bitcoin’s Success in 2019, but Knowledge Is Key

The latest survey released in China illustrates just how much cryptocurrencies such as Bitcoin are gaining interest there, despite the country’s prohibitive stance on digital currency. Given China’s huge impact on cryptocurrency mining despite Bitmain’s recent staff layoff announcements, to some this may come as no surprise. However, the Chinese government has attacked Bitcoin at every opportunity whilst casting its …


Bitmain Under Pressure to Cut 50% of Staff in 2019

mining, cryptocurrency

Bitmain, the world’s largest maker of cryptocurrency mining chips is reported to be laying off up to 50 percent of its staff in 2019. Suggestions that layoffs may be a possibility in the new year first appeared on Maimai — China’s version of LinkedIn — before Christmas where one verified Bitmain employee wrote, “It’s affirmative. The layoff will start next …


Cambridge: Crypto Users Double in 2018 Despite Price Plunge

Cambridge: Crypto Users Double in 2018 Despite Price Plunge

The latest 2nd Global Cryptoasset Benchmarking Study conducted by Cambridge University’s Centre for Alternative Finance has revealed that 2018 saw the number of cryptocurrency users nearly double in number. The Cryptoasset Benchmarking Study is an in-depth study carried out by the Judge Business School, a subsidiary of Cambridge University in the UK. The report revealed that the numbers of verified …


Blockchain Gains IP Credence Among Chinese Legal Institutions

Blockchain Gains Credence Among Chinese Legal Institutions

Blockchain has found its way to an internet courtroom in Eastern China to get justice for writers, reports China.org.cn. The painstaking effort exercised in getting justice for authors whose intellectual properties are misappropriated just got easier, as explained by a judge of an internet court in China,Wang Jiangqiao. He said: “Writers used to resort to screenshots and downloaded content as …


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