China


Markets

Chinese Yuan Devaluation Fails to Fuel Bitcoin Price Rally

The price of bitcoin failed to increase despite the fact the yuan-dollar exchange rate was close to its lowest point since 2010 this week.

dollar, yuan

Markets

Bitcoin Impact Unlikely as Chinese Legislators Draft 'Virtual Property' Law

Reports that a new Chinese draft bill would cover digital currencies appear exaggerated, according to local sources.

Shutterstock

Markets

31 Chinese Firms Form Financial Blockchain Consortium

A group of technology and finance companies in Shenzhen, China, have launched a new blockchain consortium.

Screen Shot 2016-06-24 at 12.46.24 PM

Markets

Blockchain Startup Circle Raises $60 Million Amid China Expansion

Blockchain-based social payments app Circle has raised $60m in new funding as it expands to China.

Gold dragon, China

Markets

5 Factors Experts Say Drove Bitcoin's Rise to $700

Market observers weigh in on bitcoin's latest price increase, voicing their opinions on what drove the value of the digital currency over $700.

air shuttle, space

Markets

New Details Emerge on Bitcoin Firm Avalon's $466 Million Pending Sale

New details have emerged about the pending sale of Canaan Creative, the company that sells the Avalon series of bitcoin mining chips.

avalon

Markets

Maker of First Bitcoin Mining ASIC Acquired in What Could Be Industry's Largest Sale

The China-based company behind the first bitcoin mining ASIC has been acquired.

Credit: CoinDesk archives

Finance

Chinese Finance Giant Joins R3 Blockchain Consortium

A major Chinese financial firm has inked a new partnership with startup R3CEV.

Shenzhen

Markets

Once-Hyped UK Digital Currency Hullcoin Hijacked By Chinese Scammers

A group of Chinese investors has reportedly been defrauded after being pitched on a cryptocurrency launched in 2014 by a local UK government body.

Empty

Markets

Bitcoin Mining Giant Invests $1.6 Million in Trading Platform

Beijing-based mining giant Bitmain has invested $1.6m in bitcoin data and trading services provider BitKan.

BitKan