China Round-Up: Bitmain, Canaan and Ebang Receive ‘Unicorn’ Valuations, Number of DLT Companies Explodes

China Round-Up: Bitmain, Canaan and Ebang Receive ‘Unicorn’ Valuations, Number of DLT Companies Explodes

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In recent cryptocurrency news from China, three cryptocurrency mining hardware manufacturers have been valued at more than $1 billion USD, Bitmain has supported the launch of a research center for digital financial assets at Tsinghua University, and more than 3,000 companies were found to have registered blockchain-themed business names during the first half of 2018.…

Post-Flood Reflections Reveal Insights Into Lives of Sichuan Miners

Post-Flood Reflections Reveal Insights Into Lives of Sichuan Miners

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With Chinese media estimating that Sichuan’s mining sector comprises 70% of the computing power of both the bitcoin network and the total processing power situated within China’s borders, reflections following the devastating Sichuan floods’ have many insights into the realities of life of a crypto miner in Sichuan. Also Read: Change.org Petition Attempts to Fight for…

Chinese Yuan Now Below 1% of Total Bitcoin Trading Volume, Down From Peak of 90%

Chinese Yuan Now Below 1% of Total Bitcoin Trading Volume, Down From Peak of 90%

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In an attempt to stem growing enthusiasm for cryptocurrency trading among the Chinese public, the Chinese government has been cracking down hard on cryptocurrency traders and speculators, banning cryptocurrency exchanges and outlawing ICOs. Zhang Yifeng, a blockchain analyst at Zhongchao Credit Card Industry Development Company said: “The timely moves by regulators effectively fended off the…

MyCrypto Condemns Chinese Exchange For Spamming and Congesting Ethereum

MyCrypto Condemns Chinese Exchange For Spamming and Congesting Ethereum

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MyCrypto, one of the most popular Ethereum and ERC20 token wallets created by the co-creator of MyEtherWallet, heavily criticized Chinese cryptocurrency exchange FCoin for congesting the Ethereum blockchain network with insignificant transactions. Condemnation of FCoin’s Absurd Business Model FCoin, a cryptocurrency exchange created by former Huobi CEO, debuted in early 2018 with an unusual business…

EOS, Ethereum and NEO Receive Top Ratings by China in Round Two

EOS, Ethereum and NEO Receive Top Ratings by China in Round Two

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China recently revealed its second batch of state-endorsed cryptocurrency ratings and notably, EOS takes the lead this round as it was entirely excluded in the first set of ratings released in May 2018. Ethereum, Steem, and Lisk held the top ratings the first time around. The blockchain projects ratings depend on three different components based on technology,…

Tencent, Chinese Officials Partner on Fighting Blockchain Security Risks

Tencent, Chinese Officials Partner on Fighting Blockchain Security Risks

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Technology giant Tencent said it was teaming up with the Chinese government to fight blockchain-related security problems and crimes.

Chinese President States Blockchain Is “Reshaping the Global Economic Structure”

Chinese President States Blockchain Is “Reshaping the Global Economic Structure”

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Chinese President Xi Jinping — the leader of the world’s second-largest economy — has described blockchain as accelerating “application breakthroughs.” Addressing the annual Chinese Academy of Sciences conference on May 28, China’s leader hailed blockchain technology as one that “profoundly affected the country’s future and destiny.” The President noted: “Ever since the start of the…

Potential EOS Mainnet Launch Delay: Internet Security Giant Identifies High-Risk Security Vulnerabilities

Potential EOS Mainnet Launch Delay: Internet Security Giant Identifies High-Risk Security Vulnerabilities

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Qihoo 360, China’s largest internet security company, recently published an announcement that the upcoming EOS mainnet launch scheduled for June 2, 2018 could potentially be delayed due to a series of high-risk security vulnerabilities that could cripple the entire EOS network. The May 29th announcement states that the 360 team identified a flaw within the…