China

Amid regulatory uncertainties in the U.S., a surprising player might soon shake up the crypto scene. While the SEC wrestles with custody issues, China could be on the brink of igniting a major market surge. This move has the potential to elevate Bitcoin and push certain altcoins to unprecedented levels. Discover which coins are poised for explosive growth. CYBRO Presale Exceeds $2.5 Million: A One-in-a-Million Next GEN DeFi Investment Opportunity CYBRO is capturing the attention of crypto whales as its…

New York, United States, August 21st, 2024, Chainwire Conflux Network, China's only regulatory-compliant public blockchain, is teaming up with China Mobile, the nation's largest telecom provider boasting over 1 billion monthly users. This strategic alliance aims to revolutionize digital collections via Migu, China Mobile's digital content division. Conflux Network and China Mobile will introduce cutting-edge digital collectibles like video RBTs (Ringback Tones), digital identities (DIDs), and blockchain communication hardware, all driven by the Conflux TreeGraph public blockchain. The first release…

The post Is China Unbanning Crypto In 2024? appeared first on Coinpedia Fintech News A recent tweet by Tron founder Justin Sun has sparked a rumor that China might lift its ban on cryptocurrencies. There are speculations that China may soon lift its ban on cryptocurrency, potentially influenced by pro-crypto policies in the U.S. election. This move could lead to a significant influx of new users into the crypto market, with predictions of over 100 million new users in 2024.…

Despite Russian President Putin's claims of robust trade in Yuan with China, recent reports highlight major payment issues. Many Chinese banks, especially smaller regional ones, have stopped processing payments from Russia due to U.S. sanctions. As a result, Russian businesses face difficulties in using Yuan and have turned to cryptocurrencies as an alternative. Russia legalized cross-border crypto payments, viewing them as a temporary solution while working on a central bank digital currency system with China and other BRICS nations. Meanwhile,…

The post Tron Founder Calls On China To Reconsider Its BTC Policies appeared first on Coinpedia Fintech News Justin Sun has called for China to open up to Bitcoin. According to Sun, China’s embrace of crypto would benefit the entire cryptocurrency space. Sun stressed that former U.S. President Trump had influenced the views and actions towards the crypto industry. China stepped out of cryptocurrency trading and mining activity in 2021 when several provinces started cracking down on the mining operations,…

Justin Sun, founder of the Tron blockchain, has urged China to adopt a more forward-thinking approach to cryptocurrency policy. Sun’s advice comes as former US President Donald Trump’s plans to position Bitcoin as a key player in the global economic landscape if he is re-elected. China Advised to ‘Step Up’ Bitcoin Policies On July 18, Sun used social media to call for China to advance its Bitcoin policies. He argued that increased competition between China and the US in Bitcoin…

The post Breaking: China May Lift Crypto Ban in Q4 Amid Economic Crisis! appeared first on Coinpedia Fintech News China possibly lifting its crypto ban in Q4 is the hot topic on Twitter right now. This isn’t our claim, Twitter is full of such discussions. Some prominent Twitter crypto accounts are speculating this on the basis of current conditions in China. They believe that since China’s economic condition is worsening, they have no choice but to rely on crypto, or…

Daniel Batten, a Bitcoin environmental impact analyst stated that despite widely spread news, Bitcoin mining was only temporarily suspended in China. China’s mining activities have contributed to 15% of the worldwide hashrate. Daniel Batten, a Bitcoin environmental impact analyst has disclosed that Bitcoin mining was never officially banned in China. According to Batten’s new revelation, contrary to the widely spread news the so-called “ban” was a temporary suspension, and mining activities have largely resumed across the country. Batten’s report highly…

VeChain demonstrated its innovative digital carbon management platform, VeCarbon, at the AWS China Summit, emphasizing its role in sustainable global business expansion. The integration of VeChain’s solutions with AWS technology highlights its readiness to lead the sustainability industry. According to an update on VeChain’s official website, the company recently took center stage at the Amazon Web Services (AWS) China Summit Energy Forum in Shanghai. This prominent event within the energy sector showcased how cloud services and generative AI can propel…