Officials at multiple government departments are increasing efforts to better understand any possible threat posed to the U.S. dollar by China's digital yuan.
Thiel's comments about China “weaponizing” bitcoin to hurt the U.S. are a warning about the cost of inaction.
Gao Ziyang has reportedly been detained for the alleged liquidation. The company denied his involvement and has not confirmed the detainment.
The publicly traded app developer has now spent $100 million on bitcoin and ether.
Peter Thiel is both right and wrong in calling bitcoin a tool that could empower China and challenge the U.S. dollar.
With bitcoin back in the spotlight, so are old fears that China may be at the reins.
The acquisition of mining equipment maker Bee Computing comes amid the lottery-turned-crypto-mining firm’s shopping spree.
"I have had many institutions tell me they do not want to own 'China coin,'" he said at a Cboe event.
China is leading major nations in the development of a CBDC but the digital yuan project has raised concerns.
“The lack of privacy in the Chinese system is just not something we could do here,” Powell told a House committee.
The company told CoinDesk that even though ICOs and fiat-to-crypto trading are not allowed in China, crypto-to-crypto trading is not banned.
The OCC published a number of crypto-friendly pieces of guidance last year. The next head of this banking regulator could undo this work.
China has been quietly testing platforms where the digital yuan can be freely traded with other fiat currencies.
The only non-Chinese firm in the rankings, IBM, came fourth in terms of number of patents.
China’s 14th five-year plan outlines the country’s economic priorities and stressed that technology will play an increasingly important large role.