China to expand blockchain pilot, study forex reforms for cryptocurrency: regulator


China will expand the scope of its blockchain cross-border financing pilot platform, a senior official at the country’s foreign exchange regulator said on Tuesday. Lu Lei, deputy head of the State Administration of Foreign Exchange (SAFE) make his remarks at a forum in Beijing, where he said the regulator will strengthen the integration of fintech […]

Bitmain fulfills commitment to Rockdale, Texas, with launch of cryptocurrency mining farm to construct 50MW facility


Bitmain, the industry-leading fabless manufacturer of computing chips, has launched its 50MW mining farm in Rockdale, Texas, as announced today alongside the Rockdale Municipal Development District (MDD) and DMG. “We are excited to launch this facility, which is significant to Bitmain’s global expansion plans. The stable and efficient energy resources in Texas are fundamental to […]

China says new digital currency will be like Facebook’s Libra


China’s proposed new digital currency would bear some similarities to Facebook’s Libra coin and would be able to be used across major payment platforms such as WeChat and Alipay, a senior central bank officer said. Mu Changchun, deputy director of the People’s Bank of China’s payments department, said the development of the coin would help […]

Bitmain and Huobi Plan Layoffs as Cryptocurrency Crunch Begins to Bite

Cryptocurrency Mining

Two of the world’s biggest cryptocurrency companies have confirmed lay-off plans amid an industry crunch that has seen US$170 billion wiped off bitcoin’s market value this year. Beijing-based Bitmain Technology, the world’s biggest maker of cryptocurrency mining rigs, said in a statement that the company is undergoing “some adjustment to our staff this year” as […]

Cryptocurrency and China Influence Test Pacific Island’s Presidency

Marshall Islands

Marshall Islands President Hilda Heine narrowly survived a vote of no confidence Monday after a political struggle over cryptocurrency and an alleged Chinese plan to seize control of an atoll. The 67-year-old sole Pacific female head of state survived the vote as parliament was split 16-16 and her opponents fell short of the 17 they […]

New Evidence of Hacked Supermicro Hardware Found in U.S. Telecom


A major U.S. telecommunications company discovered manipulated hardware from Super Micro Computer Inc. in its network and removed it in August, fresh evidence of tampering in China of critical technology components bound for the U.S., according to a security expert working for the telecom company. The security expert, Yossi Appleboum, provided documents, analysis and other […]

Blockchain: Manufacturing Market Forecast until 2025

Market Forecast

The blockchain in manufacturing market is anticipated to rise at a significant rate from 2020 and 2025. The blockchain in manufacturing market is anticipated to be worth $30.00M by 2020 and $566.20M by 2025, increasing at a compound annual growth rate (CAGR) of 80.00 percent from 2020 and 2025. Key factors driving the rise of […]

China’s Crackdown Insufficient to Enforce Crypto-ban


The debate on whether the central authorities can ever regulate the cryptocurrency industry intensates further with the launch of a Chinese crypto-startup. In a right-in-your-face stunt, InVault begins offering its cryptocurrency custody services last week in China despite the mainland ban. The Shanghai startup proposes to attract cryptocurrency exchanges as its primary clients, believing they […]

Chinese Government Continues Cryptocurrency Suppression


China has a population that is becoming increasingly interested in Bitcoin and other cryptocurrencies; but, its government has also been ratcheting up efforts to suppress the growth of digital assets amongst the country’s people. According to the South China Morning Post, more than 120 foreign cryptocurrency exchanges have been blocked recently by the Chinese government. […]

Ripple Considering Chinese Market to Speed Up Payment Solutions


Ripple is considering breaking into the Chinese market to apply its distributed ledger technology (DLT) to cross-border payments, a Ripple executive told CNBC August 15. Jeremy Light, vice president of European Union strategic accounts at Ripple, said in a phone interview that the company is looking to enter the Chinese market to speed up international […]