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China Could Make Bitcoin Buzz Again as National Congress Looms

Having felt China’s influence before, this week it is important to keep an eye on the communist state as they gear up for their 19th National Congress of the Communist Party of China (CPC).This form of elections essentially for the totalitarian party will see some reshuffling and power plays between top officials who either fall on the conservative side, or the progressive. In the middle is Bitc

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Blockchain and Smart Cities: On the Way to the Second Capital of China

On Oct. 14, Peng Yijie, a powerful Chinese businessman, visited Chen Gang, the Communist Party Secretary of Xiong'an New Area and Vice Governor of Hebei Province.Peng reported the potential of Blockchain technology to Secretary Chen, trying to persuade him to cooperate on promoting Blockchain innovation in Xiong’an New Area.Smart cityDuring the meeting, Peng said that Xiong’an New Area is the

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At Government-Backed Chinese Conference, Bitcoin is Called “Disaster”

On October 12, in Beijing, the First Workshop on Standards for Digital Fiat Currency (DFC) for Universal Finance Access was held by International Telecommunication Union (ITU) and the Institute of World Economics and Politics at the Chinese Academy of Social Sciences (CASS). Also involved were the People’s Bank of China (PBoC), the Institute of Digital Money, the Chinese Academy of Information a

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BTC Soars as Investors Seek Bitcoin Gold Dividends

The price of Bitcoin has shot to one month highs today. Topping out at around $4,878, the price surge in the world’s most popular cryptocurrency has likely been driven by the proposed Bitcoin Gold (BTG) fork.During August, a similar event took place in which Bitcoin Cash split from the main BTC chain. When such a hard fork occurs, everyone holding coins on the original chain, receives an equal n

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Chinese Ban On ICOs Isn’t End of Fintech, Blockchain Development

Various industry pundits believe China's latest move in banning ICO’s does not necessarily mean the end for FinTech companies involved in Blockchain and cryptocurrency ventures.  According to a report by CNBC, China’s ban on ICOs may stop many Bitcoin-related crimes and scams and improve the market in the long run. However, the move will definitely not shut down ICOs entirely.Temporary pa

ARena Space Will Launch the World’s First Entertainment Parks ICO

The virtual reality parks operator ARena Space is announcing an Initial Coin Offering (ICO) launch for its global market entry. The Pre-ICO will start at the end of September 2017. The company aims to raise $600K. The ICO will start in November 2017, with a target goal of between $3.35M and $30.35M.The investments will be directed towards the opening of between 5 and 15 large entertainment parks,

Macau Bans Banks From Providing Financial Services to Cryptocurrency Companies

Regulation Macau’s financial regulatory, the Monetary Authority of Macau (AMCM), has issued a statement prohibiting the territory’s financial institutions from providing financial services to businesses issuing virtual currencies or tokens. The statements follow a crackdown on money laundering and capital outflows from mainland China by Chinese r

Bitcoin, Ethereum, Bitcoin Cash, Ripple, Litecoin: Price Analysis, September 25

The views and opinions expressed here are solely those of authors/contributors and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.* BTC/USD, ETH/USD and LTC/USD market data is provided by the HitBTC exchange.China has banned ICOs and has ended cryptocurrency trading opportunitie

What Real Impact Has China Had on BTC?

Regulators across China are intent on shutting down all Bitcoin operations in the country. The price of BTC has reflected these concerns, plunging from over $4,000 (September 18, 2017) to a level of around $3,718 (September 24, 2017). In fact, BTC peaked at over $5,000 per unit by Friday, 1 September 2017, and BTC has rapidly tapered off since then. A big part of the reason for this precipitous de

Apartments in Turkey Available for Purchase Using Bitcoin

Economics The owner of the MiaVita Beytepe project in Ankara, Turkey, has announced that its luxury apartments are available for purchase using bitcoin. The apartments are expected to comprise the first real estate transactions to be made using cryptocurrency in Turkey.Also Read: Luxury Dubai High Rise Apartments Will Be Sold for BitcoinLu

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