China Updates Crypto Ranking, Downgrades BTC Further

China’s Center for Information Industry Development has updated its ranking of 33 crypto projects, evaluated in three separate categories as well as overall. BTC has been downgraded further since the center’s previous update while EOS and Ethereum still top the overall ranking. New Ranking The China Center for Information Industry Development (CCID) announced a new…

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Chinese Ecommerce Giant JD Launches Blockchain Research Lab

While China is known for its rather unfriendly stance toward cryptocurrencies, the situation is significantly better when it comes to blockchain technology. Numerous companies, influential individuals, and even the country itself recognize that this is the technology of the future. As such, they are very supportive of it and eager to expand it further and…

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The Cyberspace Administration of China (CAC) has announced that it will accept public feedback through Nov. 2 on draft rules it recently published to regulate blockchain projects, but the proposed legislation has already drawn a mixed response from distributed ledger technology (DLT) analysts. Also Read: Bitstamp Confirms Acquisition by South Korean Company Strict Rules for DLT Users…

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Chinese Crypto Currency Exchange BTCC Expands Into South Korea

New reports from China indicate that the country’s first cryptocurrency exchange, previously known as BTC China, plans to expand their services to Korea. The reports claim that the move is scheduled for October 31, 2018. BTCC is an old crypto exchange, which was launched as far back as in 2011. Since then, it grew to…

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Study Argues Chinese Mining Centralization Threatens Bitcoin Network

A joint study conducted by Princeton University and Florida International University has found three-quarters of Bitcoin mining is based in China and warned of the potential risks that could result from the significant geographical centralization of the mining network. Also Read: Worst Cryptocurrencies of 2018 Have Left Some Heavy Bagholders  Researchers Argue China is the “Most…

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Mobile SMS Bitcoin Cash Wallet Cointext Expands to Asia

Hong Kong is the first country in Asia to officially be connected by Cointext, a service which enables anyone to send money to mobile phone numbers or Bitcoin Cash addresses without Internet, apps, or accounts. In addition to residents of the Chinese autonomous territory, Israelis and Palestinians also now have access to the service. Also…

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Chinese Bitcoin Billionaire Unexpectedly Exits Crypto Industry, Controversy Ensues

Cryptosphere Says Goodbye To Chinese ‘Bitcoin Tycoon’ You may not know his name, but Li Xiaoli, China’s in-house Bitcoin billionaire and blockchain investor, is one of the most well-known, experienced individuals in the entire cryptosphere. However, despite his prestige in this nascent industry, he has unexpectedly announced that he intends to stop investing actively in…

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China Updates Crypto Rankings, Downgrades Bitcoin

The China Center for Information Industry Development has updated its crypto rankings. The list contains 33 crypto projects, ranked overall and in three separate categories. High up in the overall ranking are EOS, Ethereum, and Bitshares. Bitcoin, however, has been downgraded. China’s Fifth Ranking The China Center for Information Industry Development (CCID), under the country’s…

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PBOC Provides Update on Its Crypto Prevention Efforts

The People’s Bank of China (PBOC) has issued a statement detailing its efforts to stop and prevent crypto and initial coin offering activities in the country. The bank outlines measures against the widespread of overseas exchanges servicing domestic users such as blocking trading platforms and closing down 3,000 trading accounts. Servicing Domestic Users From Overseas…

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Chinese Government Accepts Blockchain Records as Evidence in Court

A new ruling from China’s Supreme People’s Court clarified how blockchain records pertain to court processes, ruling that blockchain records are considered as admissible evidence in court. The new ruling regarding blockchain technology is particularly relevant for internet-based legal cases that can present difficulties regarding the accuracy of evidence and information presented to the court….

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Chinese Crypto Traders Find Ways To Skirt Government Crackdown

Rules Are Meant To Be Broken?  To many in the crypto community, intense government intervention or regulation is not a problem, as a majority of nations across the globe are somewhat open to the use and propagation of crypto assets. However, as reported multiple times by Ethereum World News in the past few weeks, China-based…

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New Fund to Aid Partnership between Singaporean and Chinese firms in Blockchain and Media Technology

Businesses in Singapore and Chongqing, China, operating in the info-communications and media (ICM) space are set to receive a boost with the announcement of a new fund to aid collaboration.  MOU on Third-party Market Collaboration For projects to be mutually developed and implemented in either country; the China-Singapore ICM Joint Innovation Development Fund, has been…

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Three Hackers Held in China Over $87 million Crypto Theft

Three suspects have been detained by Chinese police in connection with an alleged cryptocurrency theft. The supposed hackers stole bitcoin and other digital assets worth an estimated $87 million USD. Authorities say this is the biggest heist of this type in the People’s Republic so far. Also read: South African Tax Authority Going After Crypto…

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Exchanges Round-Up: Chinese Court Backs Coinnice Repatriation, CZ Demos Binance DEX

In recent news pertaining to cryptocurrencies, a Chinese court has rejected an appeal from a trader disputing a previous decision that mandated he repay the value of 5 BTC accidentally credited to his Coinnice account, the CEO of Binance has demonstrated the company’s upcoming decentralized exchange (DEX), and Okex’s head of operations has discussed the…

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Chinese social network Tianya to launch its token, garners support from Huobi Labs

On 25th July, the Tianya, a Chinese social network, announced a blockchain based initiative to rebuild its ecosystem. It has a user base of 130 million and is aiming to create China’s most influential platform for content and knowledge creation. According to the Tianya’s recent notice to the community, the launch of the ecosystem has been scheduled…

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Major Chinese Telecom Companies to Launch a Collective Blockchain Research Group | BTCMANAGER

Chinese telecom trio, China Mobile, China Telecom, and China Unicom have joined forces to propel the development of blockchain applications in the Chinese telecommunications industry, which will help in razing operating costs and provide unparalleled network security to all their customers. As per the report on South China Morning Post on July 25, 2018, the…

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Chinese Influencers Call for Blockchain to Solve Food And Drug Safety Problem

As the Chinese population experience a food and drug safety crisis, with the latest scandal being a fraudulent rabies vaccine for babies, leading technology experts are confident that the blockchain could solve problems related to lack of transparency in China’s food and drug industries. Decentralized Supply Chain May End Food and Drug Safety Scandals in…

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China Releases Ranking of 31 Crypto Projects

China’s Center for Information Industry Development has released its third ranking of crypto projects. Out of 31 projects, EOS remains at the top of the list while both Bitcoin and Bitcoin Cash have improved slightly from the previous month. Third Ranking The Center for Information Industry Development (CCID), under China’s Ministry of Industry and Information…

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Chinese Crypto Ranking: Bitcoin Not Among Top 15 Cryptocurrencies According To Updated Crypto Index

In the latest report by the Chinese Center for Information Industry Development, CCID, announcing top cryptocurrencies based on specific metrics not known to the general public, show Bitcoin not being the most valuable cryptocurrency as hyped. This report being the 2nd since initiated last month is inspired to report an evaluation of blockchain technologies based…

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China's New Crypto Rankings – EOS First, Ethereum Second, Bitcoin Drops to 17th

The ranking of cryptocurrency projects by the Chinese government has been revised with two new crypto projects added. EOS tops the overall list of 30 crypto projects; Ethereum fell to second place while Bitcoin dropped to 17th place. China Now Ranks 30 Crypto Projects China’s Center for Information Industry Development (CCID), under the Ministry of…

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