China

10 Countries Actively Regulating Cryptocurrency Despite Global Crisis

</header> <strong>Despite the coronavirus pandemic and the resulting financial crisis, at least 10 countries have made announcements regarding cryptocurrency regulation since our last regulatory roundup. </strong><strong>They include Japan, Malaysia, Singapore, China, Spain, Germany, India, the Philippines, the U.S., and South Korea.</strong> Also read: IMF Declares Global Recession, 80 Countries Request Help, Trillions of Dollars Needed …

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ICO Crackdown: 11 Class-Action Lawsuits Filed Against Cryptocurrency Companies

</header> <strong>A number of class-action lawsuits have been filed against various digital asset firms and exchanges on Friday. The U.S.-based “litigation boutique,” Roche Cyrulnik Freedman, filed the lawsuit for three plaintiffs in the Southern District of New York. All three lawsuits claim that organizations like the Tron Foundation, Bitmex, Binance, Bibox and Block.one allegedly sold …

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Crypto Mining Companies Promote Freedom of Speech in China

The first case of COVID-19 was diagnosed by Chinese doctors in November 2019. Rather than being shared with the global community, news of the viral outbreak was censored by the Chinese government. Since that time, more than 66,500 lives have been lost globally.  Though the pandemic has brought tremendous uncertainty to the global economy, it …

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How Coronavirus Is Accelerating the End of Globalism, Feat. Peter Zeihan

“Some countries just aren’t going to emerge from the coronavirus.” Peter Zeihan is one of the world’s foremost geopolitical experts. In his new book “Disunited Nations: The Scramble for Power in an Ungoverned World,” Zeihan argues we’re at the end of the largest expansionary period in human history. As America withdraws from global leadership, a …

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Binance Academy Launches Blockchain Accelerator in China

Binance Academy, the educational arm of leading crypto exchange Binance, announced the establishment of a blockchain research institute in Shanghai on March 30. The Lingang Blockchain Technology and Industry Research Institute is intended to operate as a think-tank and talent hub for distributed ledger technology (DLT) innovation in China. Binance to integrate blockchain with other …

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China, Huawei propose internet protocol with a built-in killswitch

Sponsored Links Mateusz Slodkowski/SOPA Images/LightRocket via Getty Images China, Huawei and Chinese carriers want to redesign a key aspect of the internet — and while there may be some upsides, their ideas have raised some alarm bells. The Financial Times understands that the group has proposed a new internet protocol at the ITU, New IP, …

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Blockchain-Related Deals Are Moving From The US to China

New York-based research firm, CB Insights, has released a report showing that  Chinese startups are starting to substantially increase their blockchain-related investments. The research document, titled The Blockchain Report 2020, was published on March 11. It highlights that in 2015, deals from US-based companies accounted for 51% of Blockchain tech growth. Comparatively China-based companies represented …

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Global Crypto Community Comes Out in Full Force Against Coronavirus

With cases of the deadly coronavirus still popping up at an unprecedented rate around the world, many prominent members of the blockchain and crypto industries have heeded the global cry for help and have swiftly engaged in meaningful action — be it in terms of direct research-related participation, or through the donation of funds or …

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While Some Hoard Dollar Bills, Others Envision Germy Cash’s Quick Demise

Is a cash-based society sustainable in the age of coronavirus? Hoarders say yes, health experts say maybe and the visionaries say no: COVID-19 is the catalyst for systemic payments change. This wrecking ball of a virus stands to change the way consumers, and businesses, think about their use of physical currency. In many countries, cash …

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China Is Drafting Laws for the Circulation of National Digital Currency

</header> <strong>Amid the coronavirus pandemic, China’s central bank has reportedly completed the basic development of the nation’s central bank digital currency. The central bank is now drafting legislation for its circulation, according to local media. A number of patents have revealed what the digital yuan will be like.</strong> Also read: 2x Bitcoin — Wanna Double …

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