China’s Central Bank Supports Blockchain, but Here’s Why It Won’t Impact Crypto Prices

The People’s Bank of China (PBOC) and the Shanghai commerce commission have issued a joint statement signaling their support for blockchain use in commerce. China Goes All-In on Blockchain According to the agencies, decentralized technology can be used in trade finance to resolve asymmetries and validate transactions. In the published document, the two government institutions […]

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China Seizes the Blockchain Opportunity. How Should the US Respond?

Michael J. Casey is CoinDesk’s chief content officer and a senior advisor for blockchain research at MIT’s Digital Currency Initiative. The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday exclusively to our subscribers. The Chinese government is not in the habit of making speculative “what if” announcements. Typically, before anything about […]

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China’s Congress Passes Cryptography Law, Effective Jan. 1, 2020

The Standing Committee of the 13th National People’s Congress in China has passed the cryptography law on Saturday and it will be effective on January 1, 2020, according to a Chinese media report. The announcement came one day after Chinese President Xi Jinping’s call on the country to seize opportunities in blockchain technology. While China […]

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Cambodia Unsure About Online Gaming Ban (China Be Damned) – CCN.com

Will online gaming be subject to an absolute ban in Cambodia? Nobody is quite sure. | Image: Shutterstock Cambodia is reportedly unsure about potentially issuing an absolute ban on its booming online gaming industry — though the country’s investors and its powerful ally, China, would surely not be pleased with such a decision. The news […]

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Gloomy Stock Market Faces New China Taunt: We’ll Get ‘Last Laugh’

A gloomy stock market must wrestle with China’s latest taunt, in which it warned it would “fight to the end” and get the “last laugh.” | Source: Don Emmert / AFP By CCN Markets: China and the United States keep upping the ante. Presidents Trump and Xi are raising the stakes even further this weekend […]

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Circle CEO: China’s Digital Currency Could “Bypass Western Banking System”

Circle CEO Jeremy Allaire says the U.S. lagging behind China’s development of a national digital currency could alter the way Western companies transfer payments. Speaking on the Global Coin Research podcast this week, Allaire said China is setting the pace in the development of a digital currency equivalent of its fiat currency, the renminbi, and […]

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Study Exposes How Russia, Iran, & China Are Weaponizing Crypto

It’s no secret that foes of the United States – including Venezuela, Iran, Russia, and China – are experimenting with cryptocurrency technology as they seek to render their economies immune to crippling US sanctions. However, a new study from the Foundation for Defense of Democracies (FDD) exposes the lengths to which these rogue nations are […]

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Bitcoin Price to Reach $60,000 Before Crashing to $1,000 in 2018 is Saxo Bank’s ‘Outrageous’ Prediction

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. “Bitcoin is thrown to the wolves,” the headline reads, punctuating the tail end of Saxo Bank’s prediction that the bitcoin price will soar above $60,000 in 2018 before crashing more than 98 percent to “its fundamental ‘production cost’ of $1,000.” The Danish […]

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