Posts with the TAG # china

Former US National Security Agency employee Edward Snowden believes that the prohibitive measures of the Chinese authorities against cryptocurrencies will not interfere with the growth of Bitcoin. 

According to US Senator Pat Toomey, the recent tightening of bans on the use of cryptocurrencies for business in China gives the United States a chance to close the gap in this area. 

For the first time, the central bank of China recognized cryptocurrencies as an asset - Deputy Governor of the People's Bank of China (PBC) Li Bo called them an alternative investment asset. 

Over the past week, reports began to appear on the network about problems with the withdrawal of funds on the IDAX cryptocurrency exchange. As it turned out, most of them were confirmed.

Yesterday morning, the company issued an "urgent notice" in which it informed that the site's general manager had "disappeared", and, accordingly, access to the cold wallet, which contains almost all of the cryptocurrency, was lost. Because of this, the process of depositing and withdrawing funds had to be suspended.

Ethereum co-founder and CEO of Consensys Joseph Lubin hopes that China's state-owned cryptocurrency will be compatible with open blockchains, including Ethereum.

Lubin expressed his opinion during an interview with Forbes, published on November 9. 

A survey conducted by the Chinese cryptocurrency company BabelFinance showed that local investors are waiting for the growth of Bitcoin, and according to 30% of respondents, the Bitcoin exchange rate for the year will exceed $ 30,000.

The study showed that the average Chinese cryptocurrency investor is a young, well-educated man with above-average income. More than 76.3% of male respondents have a college degree or higher.

Professor INSEAD and co-founder of the Blockchain Research Institute (BRI) Don Tapscott said that the Yuan - the official Chinese currency - will become a cryptocurrency.

In an interview with Bloomberg, Tapscott said that he recently met with the vice-chairman of the Chinese Communist Party. The official stressed that the Secretary General of China, Xi Jinping, sees great potential in the blockchain technology and believes that it can play one of the most important roles in the future of the state.

The 2018 US China Blockchain and Digital Currency Conference at LAX Marriott Hotel on August 22, 2018 is organized by Blockchain China Connect, Artisan Business Group, Inc., and partnered with FundingPost.com. Event sponsors include Triphop, a social travel and rewards platform based out of Silicon Valley that aims to enhance the travel experience for hotel guests while simultaneously helping hotels leverage social media marketing, WONO, a reliable decentralized peer-to-peer platform for exchanging property and services and LIQNET, an exchange with unique liquidity aggregation technology. The conference is the only Sino-US investment and funding focused event for blockchain and cryptocurrency industry. Hundreds of blockchain entrepreneurs, investors, bitcoin mine operators, traders, and legal taxation experts are expected to attend, and it will provide a great platform for peer-to-peer networking and exploring investment, finance, business and collaboration opportunities between the U.S., China and other countries.

Vice President of the People's Bank of China Pan Gongsheng during the meeting of the working group on financial transformation on the Internet recalled that the ICO and any other projects on attracting investments are still banned in China. Pan noted that after the ban in September 2017, many projects moved to jurisdictions more loyal to the cryptocurrencies industry, but they continue to attract Chinese investors.Enter heading here...