Tag Archives: China’s

Michael Novogratz Warns China’s Digital Currency Revolution Might Undermine U.S. Reserve Status

Billionaire Michael Novogratz has warned that the United States’ reserve status is likely to be undermined by China’s blockchain and cryptocurrency revolution. In the forewarning, he underscores that China is already ahead in some areas such as fintech, and the United States is merely playing catch-up. Continue reading Michael Novogratz Warns China’s Digital Currency Revolution Might Undermine U.S. Reserve Status

China’s Govt Crypto Readies Huge November Launch to Steal Libra’s Thunder

Facebook’s fears that the bottlenecks tech firms in the free world face in developing cryptocurrencies risks opening the door for more closed societies to take the lead have been confirmed. According to Forbes, China has already developed a state-backed cryptocurrency known as DC/EP (DC- Digital Currency, EP – Electronic Payments) that could be unveiled in November. Continue reading China’s Govt Crypto Readies Huge November Launch to Steal Libra’s Thunder

China’s Illegal Crypto Mining Crackdown Could Ignite a Bitcoin Price Rally

Besides fat-fingered whales, the other species HODLers should learn to fear are large-scale Bitcoin miners whose electricity cost is zero. The reason? Their break-even point is low enough to depress the fair market value of the Bitcoin price, dashing the asset’s seven-figure ambitions. Continue reading China’s Illegal Crypto Mining Crackdown Could Ignite a Bitcoin Price Rally

Nano, Verge (XVG) And Qtum Rated Most Improved Project In China’s Latest Ranking

Nano, Verge (XVG) And Qtum – There is no doubt that that countless of companies in the developed world have began embracing and evaluating cryptographic projects than ever. In line with this, a state-backed tech workgroup in China, Information and Industry Development (CCID), released its 10th ranking assessment index for 35 crypto projects on February 26. Continue reading Nano, Verge (XVG) And Qtum Rated Most Improved Project In China’s Latest Ranking