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China: China’s Central Bank Prioritizes Development of Digital Currency

China’s central bank, the People’s Bank of China (PBoC) announced that it accelerated the development of its cryptocurrency.  In an Aug. 2 statement, PBoC summarized the proceedings of a video conference, in which the bank conveyed the Party Central Committee...

US: Walmart Seeks to Patent a Way for Using Digital Cryptocurrency

Walmart Inc. appears be pondering whether to test waters in the world of cryptocurrencies, following the steps of Facebook Inc. The retailing giant applied to patent a way to use a digital coin tied to a traditional fiat currency, which...

US: Judge Punts on Decision in New York Case Against Bitfinex and Tether

A New York judge has punted on deciding whether crypto exchange Bitfinex and stablecoin issuer Tether need to turn over documents and otherwise comply with a state investigation. The New York Attorney General’s office (NYAG) is looking into allegations...

US: The IRS Is Warning Thousands of Cryptocurrency Holders to Pay Their Taxes

If you own bitcoin or other cryptocurrencies, you might want to check your mailbox. The Internal Revenue Service is in the process of sending letters to U.S. citizens who own virtual currency and potentially failed to pay the necessary...

US: Treasury Secretary Mnuchin Bashes Bitcoin Claiming Its Future Looks Bleak

U.S. Treasury Secretary Mnuchin has taken his anti-crypto advocacy to a new level by saying he won’t be loading up on Bitcoin for the next 10 years. In an interview with CNBC’s Squawk Box on Wednesday, Secretary Mnuchin waved off suggestions...

US: GOP Senator Says Facebook Plans for Libra Coin Should Be Given a Chance

GOP Sen. Pat Toomey strayed from the Trump administration’s critical views on Facebook’s plan for the new Libra cryptocurrency, telling CNBC on Tuesday the digital coin should be given a chance. The Pennsylvania Republican said Libra is an “exciting innovation” that aims...

US: President Donald Trump Says He’s ‘Not a Fan’ of Bitcoin

Donald J. Trump tweeted Thursday that he is “not a fan” of cryptocurrencies, saying they were “not money” and referencing their price volatility relative to the dollar in his first public comments on crypto since becoming president of the United...

Global: Spend Bitcoin At Amazon, Uber And Starbucks Using Fold’s BTC Lightning Network App

A payment platform called Fold has announced today that it will use the Bitcoin Lightning Protocol in order to enable its clients to buy goods from several stores such as Amazon, Starbucks, Whole Foods, Southwest Airlines and Home Depot. The cryptocurrency can...

Global: Previous Bitmain Leader, Jihan Wu, Opens New Crypto Deal Matrixport to Offer OTC...

It has been recently revealed that the Co-Founder of mining products and services provider, Bitmain Technologies’ Ltd., Wu Jihan has garnered a team of former employees to establish a crypto services platform reports Bloomberg. This new endeavor will be called, Matrixport, a...

Global: Bitcoin Almost Wipes Out Its Mega Gain Just as Swiftly as It Came

Bitcoin’s rise was meteoric this week -- and its decline has been just as swift. It’s easy come, easy go in the crypto world, where a frenzy over Bitcoin pushed its price to nearly $14,000 on Wednesday, its highest...

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An Interview with Jihan Wu: BCH Split and STO

Jihan Wu, the Bitcoin mining titan and prominent supporter of BCH, recently gave an interview at a Q&A session for entrepreneurs at Peking University Guanghua school of Management . During the discussion, he shared his views on the controversial BCH split, current thoughts on STOs, Eco-friendly mining, and his opinions on the viability of coin-free blockchains. Regarding the split, Jihan shared his views on the importance of community and how his actions have been in support of free speech. “In this environment of free speech, I believe that division is inevitable. This is the nature of human contribution to the community, and it is easy to split because of some differences. The split itself will bring about the richness of the whole system.” He concluded that even though this split has created 2 new coins in the form of BCHABC and BCHSV, there is potential for further splits down the road Not a current...

OKEx Is Fighting back Against Amber AI’s BCH Settlement Allegations

In their public response on Monday, OKEx outlined several issues with the Amber AI complaints, expressing that “These are completely false allegations and the defamatory statements have caused serious damages to OKEx’s reputation.” The cryptocurrency exchange laid out their arguments, focusing on 3 main points that present that not only did the cryptocurrency exchange act in the best interest of their customers, but that Amber AI has no right to a lawsuit in the first place. 1 – Amber AI is not a customer. According to OKEx, “We do not have an institutional client profile named Amber AI, while Amber AI claim themselves as a Hong Kong-based company. We do NOT serve any customer in Hong Kong, in respect of the local laws and regulations. The OKEx account that Amber AI claimed managing is an individual account, which is not a Hong Kong resident or entity on the report of the KYC information” 2...

Chandler Guo, China’s Top Bitcoin Tycoon, Continues to Build The Crypto Empire in The United States

Chandler Guo, one of China’s top Bitcoin tycoons, shared with BlockPulse 360 his thoughts on the cryptocurrency industry in China. Chandler was one of China’s first Bitcoin miners and has become one of the country’s most well-known cryptocurrency ambassadors. His success has brought him overseas to the United States to continue building his crypto empire. BlockPulse 360: Did your move to the United States have anything to do with the fact that the US is more ICO and blockchain friendly than China? Chandler Guo: Obviously, I am a big fan of Bitcoin and ICO. Just like everybody else in the crypto community, I understand the potential of digital currency and the magnitude of what it means for the economy. Today, ICO has made many people very rich, but in the future, cryptocurrency is likely to become the only currency in circulation. However, most governments, even the American government, are not the biggest...

Several Influential Cryptocurrency Media Outlets in China Have Been Blocked

Wechat, an important application in China is used daily to share news, information, chat and even make an order at a restaurant. Wechat communicates with the Chinese government in order to monitor the public’s opinions on the Wechat platform to comply with the local law. Media surrounding blockchain technology has increased with the price of Bitcoin in 2017. At the beginning of 2018, the media increase continued and new outlets started up in China. During March of this year, more than 10 new blockchain media outlets finished financing campaigns. However, this increase in media development has created some controversy. Many cryptocurrency investors criticized the increase as being a proxy and working with the dealer to “cut the leek”, a vivid way to describe the pump and dump by the dealers or the project launchers to make the profits. On August 21, 2018 Chinese Cryptocurrency Media including Jinses Finance, Deepchain Finance, Huobi information...