Blockchain and AI technology company Seven Stars Cloud Group has scored a major deal to help raise $24 billion to fund large-scale electric bus upgrades for China’s biggest full-service operator. According to a press release published Monday, under an exclusive contract made with the National Transportation Capacity Co Ltd (NTS), Seven Stars Cloud will issue fixed income…

China Central Television (CCTV), the country’s primary state broadcaster, has said the economic value of blockchain is “10 times more than that of the internet.” In a segment named “Dialogue,” aired Sunday night through the station’s Finance Channel, CCTV host Chen Weihong featured an hour-long discussion that was for the first time dedicated to educating its…

China’s central bank states that the country is willing to support a global regulatory framework for cryptocurrency established by G20. China’s Central Bank Supports Global Regulatory Framework The Institute of International Finance, a part of The People’s Bank of China (PBOC), offered new insight to the country’s cryptocurrency policy on its “Global Banking Industry Outlook Report” released…


China has a new head for the People’s Bank of China (PBoC), the country’s central bank, which could positively affect the future of bitcoin and the local cryptocurrency market. New Central Bank Governor is Pro-Free Market President Xi Jinping has appointed an American-educated economist known for being a pro-free market advocate to run the central…


As China recently announced its withdrawal from the world’s blossoming cryptocurrency markets, the coming loss to be felt by so many of these currencies became a matter of great debate. Some saw the action as meaning certain doom for some cryptos while others dismissed the Chinese removal as a temporary hiccup in a much larger…

Chinese Exchange Will be Launching Platforms Based Out of Nation ViaBTC –a cryptocurrency exchange in China announced about its plans for launching a trading platform that will be based outside of China. This decision towards establishing an overseas-base is followed by the series of announcements about the shutting down of the exchange and its operations…


China Might Try Blocking All the Bitcoin Transactions in the Nation The authorities in China might have started moving towards a broader shutdown on Bitcoin including OTC (over-the-counter) and P2P (peer-to-peer) trading exchanges. By utilizing the Great Firewall for blocking the IP addresses, the access to foreign bitcoin exchanges can also be blocked. As such,…


Bitcoin Exchanges of China Might Face Stricter Licensing and Regulations Over the period of the past week, bitcoiners all around have been quite focused on the speculative news of the banning of bitcoin in China. People have been wondering if the news is really true. As per the recent reports from the local media and…


DON’T PANIC!

Famous words written by Doglas Adams in The Hitchhikers Guide To The Galaxy – quite pertinate this morning if you have woken up and looked at your portfolio! So what happened to the crypto market while you were sleeping… a rumour that the Chinese government was going to ban China’s bitcoin exchanges.  Bitcoins and altcoins…