• President Xi Jinping of China, speaking to G20 summit in Hamburg on July 7, 2017 (via Wiki commons).
    Asia & Australia,  Bitcoin

    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.”

  • Asia & Australia

    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.”

  • Coming not-so-soon?
    Asia & Australia,  Cryptocurrencies,  Media

    Binance to The Block: STFU and let us do business in China

    The Block’s Larry Cermak opened a can of worms in explaining how Chinese citizens can use Alipay and WeChat, which ban cryptocurrency transactions

    Did the CEO of Binance, one of the largest cryptocurrency exchanges, threaten cryptocurrency media site The Block over a trio of tweets detailing how banned peer-to-peer cryptocurrency trading really happens in China?

  • Protestors in Hong Kong (Photo by Oscar Chan from Pexels).
    Asia & Australia,  Bitcoin

    Hong Kong’s Bitcoin spike: Foresight or fluke?

    A tremendous jump in trade volume on a small Hong Kong P2P exchange was touted as proof that Bitcoin is the new gold. But it may have just been a whale’s splash

    Bitcoin trades in Hong Kong saw a massive spike at the end of September—blowing past even the volumes seen at the height of the 2017 bubble—simultaneous to political unrest in the Chinese territory.     With nearly $12.3 million HKD (equivalent to $1.5 million in USD) traded in the week ending September 28 according to charts on peer-to-peer trading site Coin.dance’s LocalBitcoins, it was hard not to see a connection with escalating protests, anti-Chinese bank sentiment, and vandalism that recently caused ATMs to run dry, and panic-buying reported at supermarkets on October 7. It’s especially interesting considering the same Bitcoin (BTC) volume jump was seen, on a smaller scale, during the last…

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