China

MrBitcoin November 15, 2019

They said blockchain would bring freedom by challenging world governments and greedy financial institutions. But what if blockchain is the ideal tool to enable totalitarianism? What if China Moves its Social Credit System to Blockchain? A few weeks ago, Chinese President Xi Jinping surprised the world by calling blockchain an important breakthrough, and announcing extra […]

MrBitcoin November 7, 2019

Bitcoin price slipped today as trade talks between the United States and China took a positive turn. According to reports, China may ease tariffs against US imports suggesting that a limited trade deal is in the works. Bitcoin Price Slacked Off from the $9,500 Level The Chinese Commerce Ministry announced Beijing and Washington had reached […]

MrBitcoin October 26, 2019

It seems that the words ‘blockchain’ and ‘breakthrough’ were scarcely out of President Xi’s mouth (albeit in the equivalent Chinese language form) before bitcoin price started to pump. Well 12 hours later, Primitive founding partner, Dovey Wan, noted some additional ripple effects caused by Xi’s comments. Bitcoin, Not Blockchain The fact that Xi’s proclamation was […]

MrBitcoin October 10, 2019

This article was originally published by 8btc and written by Lylian Teng. Hong Kong’s Securities and Futures Commission (SFC) has recently released rules and regulations for fund managers dealing with crypto assets. The securities regulator published a 37-page document titled “Proforma Terms and Conditions for Licensed Corporations which Manage Portfolios that Invest in Virtual Assets” […]

MrBitcoin September 28, 2019

An employee at a nuclear research center in the closed town of Sarov in Russia was fined for illegally mining Bitcoin (BTC). Convicted to pay $7,000 fine According to a Sept. 27 article by Russian news outlet Meduza, a man was fined 450,000 rubles ($7,000) for trying to mine Bitcoin by using a petaflop-capable supercomputer […]

MrBitcoin September 8, 2019

This article was originally published by 8btc and written by Vincent He. A dedicated team from the People’s Bank of China’s (PBoC) Digital Currency Research Lab is now developing the system in a closed-door environment, away from the PBoC’s downtown Beijing headquarters, according to a report from September 5, 2019. China’s central bank digital currency […]

MrBitcoin August 21, 2019

Bitcoin miners in China already have to deal with a government that wants to stamp out their industry. Add to that natural disasters such as flooding and landslides, and they have a full plate to contend with. Sichuan Bitcoin Farms Hit by Floods According to government services, monsoon flooding in China during July and August […]

MrBitcoin August 20, 2019

This article was originally published by 8btc and written by Lylian Teng. One of the world’s largest cryptocurrency exchanges, Binance, has announced a plan to launch an open blockchain project called “Venus,” an initiative to develop localized stablecoins and digital assets pegged to fiat currencies across the globe. As per the announcement published on August […]

MrBitcoin August 17, 2019

This article was originally published by 8btc and written by Lylian Teng. Bitcoin’s recent dip under the $10,000 mark is alleged to be directly related to the incessant bitcoin sell-off caused by a $3 billion Chinese Ponzi scheme, and the dump may continue. The scam project, dubbed PlusToken, went bust early in July 2019 after […]

MrBitcoin August 15, 2019

Despite exceeding $12,000 several times this month, Bitcoin (BTC) has slumped back to $10,000 in a recent downtrend. The number one cryptocurrency last traded below $10,000 on July 31. A little earlier this month, experts were optimistic about Bitcoin continuing its rally, citing geopolitical tensions — particularly the ongoing United States-China trade war — as […]