Crypto Hangover Hits Nvidia as Chip Sales Plunge With Bitcoin Prices

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After a stellar rise in business over the last year due to the cryptocurrency boom, chipmaker Nvidia’s optimistic figures for graphics card demand in 2018 has drastically fallen short of expectations, with share prices falling by 17 percent on the back of millions of unsold chips. Falling Crypto Frenzy Takes Down Chipmakers As reported by…

China’s Central Bank Calls for More Government Oversight on Blockchain

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China’s central bank the People’s Bank of China (PBC) encouraged the government to increase supervision of blockchain-related ventures in a working paper released on Tuesday, warning that “bubbles were apparent,” according to Reuters. “China to Strengthen Supervision on Blockchain-Related Financing, Investment” by REUTERS via NYT https://t.co/A9MGNo1Z9d #crypto #blockchain — ACO (@altcoinore) November 6, 2018 ‘Cannot…

China Updates Crypto Ranking, Downgrades BTC Further

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China’s Center for Information Industry Development has updated its ranking of 33 crypto projects, evaluated in three separate categories as well as overall. BTC has been downgraded further since the center’s previous update while EOS and Ethereum still top the overall ranking. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space New Ranking The China…

What China's Cashless Revolution Can Teach the West About Crypto

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China appears to have achieved the crypto community’s dream of a new internet of value, without blockchain. But there’s more than meets than eye here.

People’s Bank of China Recommends Yuan-Pegged Stablecoin

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An independent researcher from the People’s Bank of China (PBoC) argued that China must increase its research efforts in the stablecoin space and support upcoming companies that are exploring a yuan-pegged cryptocurrency. YuanCoin to Arrive? The views were written in an op-ed piece published on Oct. 9 by CN Finance, a magazine wholly-owned by PBoC,…

Singapore Hosts New Fiat-Crypto Exchange, Welcomes Crypto Bank Accounts

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It has been a busy week for Singapore as it relates to cryptocurrency. The city-state is set open the first fiat-crypto exchange in Southeast Asia, while the financial regulator has vowed to help crypto companies set up local bank accounts, according to media reports.  Also read: Salt to Offer Crypto-Backed Loans in 7 Global Markets,…

Venture Capital Investment in Blockchain Up Nearly 300 Percent in 2018

Venture Capital Investment in Blockchain Up Nearly 300 Percent in 2018

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According to a recently published Diar report, venture capital investments in crypto and blockchain companies have nearly tripled in the first three quarters of 2018 from that of 2017. Diar references data from Pitchbook that reveals that blockchain and crypto-related companies have raised approximately $3.9 billion in venture capital this year. This figure represents a…

China’s Oldest Science and Tech Publication Accepts BTC for Subscriptions

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On Sunday China’s oldest tech media publication, Beijing Sci-Tech Report (BSTR) also known as ‘Technology life,’ has announced the business is accepting bitcoin core (BTC) for the magazine’s 2019 subscriptions. Also read: Launching a Website on the Bitcoin Cash Network Is Now a Reality  The Publication Beijing Sci-Tech Report Now Accepts BTC for 2019 Subscriptions  …

Surveys: 1 in 4 Millennials Want to Invest in Crypto, 3% of China Already Has

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In recent cryptocurrency surveys, a poll of 100,000 Chinese citizens has found that 3% have invested in cryptocurrencies, and a survey conducted by Circle has found that a quarter of millennials would like to invest in crypto assets in the next 12 months. In addition, a survey by UK-based Rathbone Investment Management has found that…