China’s Largest Newspaper Group to Launch Blockchain Laboratory

People Capital, the venture capital arm of People’s Daily Online — the official newspaper of the Chinese Communist Party — has signed an agreement with Xunlei Limited to use the blockchain technology for innovation and to empower the Chinese economy and the world at large. The alliance between the companies is part of a global …

China’s Internet Agency Regulator Has Strict Demands For Blockchain Startups

China’s central internet regulator has issued strict rules targeting blockchain companies and entities operating in China. The Cyberspace Administration of China has published draft regulations on Friday demanding blockchain-based information service providers to register users using real names, national identification numbers, censor postings and store user data. The regulations follow an open letter posted by a Chinese student activist …

Flooding in Sichuan Reveals Hidden World of China’s Small-Time Bitcoin Miners

A special report on the recent floods across China’s Sichuan province has uncovered an extraordinary story of resilience, discomfort, tragedy, and rapidly changing economic circumstances experienced by the the people who make up the world’s largest concentration of small-time bitcoin miners. Put together by Chinese news platform Jiemian, the report follows the story of Li …

Coinbase Additions, Enterprise Patents, and Massive Hacks: This Week in Crypto

Make sure you check out our previous edition here, now let’s go over what happened in crypto this week. Also, make sure you subscribe for this weeks edition of The Bitcoin Podcast by CCN on iTunes or wherever you get your podcasts. Price Watch: Bitcoin fell nearly 8% this week after jumping above $6,800 early this week. The market …

“Experts” Fear China Losing 90% Control Over Bitcoin Market, Forgetting Gov’t Ban

According to Express, the government of China has confirmed that the country’s control over the global bitcoin exchange market has fallen from 90 percent to 1 percent. The UK publication also noted that “experts in China fear losing control” over the cryptocurrency exchange market. Never Was 90%, Obvious Drop to 1% The absurdity of local …

Reality Shares Launches World’s First China Blockchain ETF

In an effort to take advantage of China’s innovation in the cryptocurrency sphere, asset management firm Reality Shares launched the first ever blockchain ETF for the country. The company says their goal is to “democratize the world’s best investing ideas.” According to a news release on June 20th, the Reality Shares Nasdaq NexGen Economy China …

Siacoin Mining Malware Generates Nearly $1 Million, 16 Arrested

Cryptjacking is fast becoming a popular way for cyber crooks to make money. For instance, around 5% of the cryptocurrency Monero currently in circulation is estimated to have been mined fraudulently, according to security firm Palo Alto Networks. Over the weekend it was reported that a ring of cyber criminals in China had conspired with …

Chinese Blockchain Conference Under Fire After Actor Imitates Former Leader

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. While a few cryptocurrency projects are infamous for displaying ostentatious marketing efforts to generate hype, the strategy is seemingly being picked up by organizers of blockchain conferences as well. However, the harmless efforts can sometimes swing the other way, as organizers of …

Chinese Government Orders Faster Blockchain Development

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. The State Council of China ordered local financial authorities and government-funded research centers to focus on the development of blockchain technology and accelerate the commercialization of the blockchain. The official statement of the State Council of China released on May 24 read: …