Tron CEO Justin Sun’s exuberant marketing skills may have come back to bite him again. And Tron (TRX) coin holders are along for the ride. Sun's Weibo account was shut down on Dec. 12, according to Dovey Wan, a founding partner at venture capital firm Primitive Ventures.
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President Xi Jinping of China, speaking to G20 summit in Hamburg on July 7, 2017 (via Wiki commons).No, China’s President Xi Jinping didn’t cause a Bitcoin rally
Pundits and maximalists are just trying to see what they want to see
Like 1960s campus radicals, Bitcoin maximalists are enthusiastically praising the wisdom of a leader of Communist China. That’s because President Xi Jinping called for his country to “take the leading position in the emerging field of blockchain.”
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China shoots for blockchain supremacy
Following President Xi Jinping call for Chinese leadership in the technology, investors bet heavily as officials promote a digital renminbi, bash Facebook’s Libra
Chinese officials and investors have been making a full court press on blockchain and cryptocurrency development ever since President Xi Jinping’s comments on October 25 that China must “take the leading position in the emerging field of blockchain.”
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To quote Chairman Mao: "Where in the Red Book did I say anything about issuing tokens without backing assets?"Tether takes on Chinese government’s currency monopoly because why not?
Asking for big trouble in big China
One of the worst kept secrets in crypto has finally to fruition: Tether is launching a stablecoin tied to the Chinese yuan.
