• Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News
    mining

    Increased Demand Requires Increase in Nodes. Here’s Everything You Need to Know About Bitcoin Mining During Lockdown

    Bitcoin wallet

    BitcoinOfficial.org- Create a Bitcoin Wallet. Official Website.

    Bitcoin price

    What Drives Bitcoin Price?

    Mining

    Railway Authorities in Ukraine Shut Down Unlawful Mining Outfit

    Bitcoin

    Economic Crises Will Not Affect Bitcoin: Ledger Founder

    Supply and Demand

    Bitcoin’s Demand and Supply Dynamics are Constant: Bitwise COO

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar
    price prediction

    Bitcoin, Ethereum, and Ripple Price Prediction in June 2020

    XTZ

    TEZOS (XTZ) Join the Top 10 Crypto Coin List

    MakerDAO

    MakerDAO to Implement New Security Feature After Loophole Detected in System

    BCH

    BCH Successfully Completed a Scheduled Fork, Added Minor Upgrades

    CUSD Stablecoin

    Canadian BVCI Launches Another Stablecoin CUSD

    EOS network

    EOS Network Is Running on Borrowed Resources After EIDOS Airdrop

    Trending Tags

    • Ethereum
    • Bitcoin Cash
    • Litecoin
    • Monero
    • Ripple
  • Crypto 101
    • All
    • Cryptocurrencies
    • Exchanges
    • Services
    • Wallets
    cryptocurrency

    Why Some Are Still Reluctant to Embrace Cryptocurrency?

    bitcoin price

    Bitcoin (BTC) Price Prediction 2021: Market Analysis and Developments

    Bitcoin price prediction

    Bitcoin, Ethereum, and Ripple Price Prediction in January 2021

    developer

    Best Blockchain Jobs in 2021 and You Are NOT a Developer

    Dogecoin price

    Will Dogecoin Price Go Up? | Here Are Some Predictions for 2021

    online gambling

    How Cryptocurrency Is Changing Online Gambling

  • Blockchain Events
No Result
View All Result
Blockchain & Cryptocurrencies Tabloid
No Result
View All Result

Chinese Government Owned Media Outlet Hypes the Usefulness of Decentralized Technologies

Tony P. by Tony P.
November 5, 2019
in Finance & Blockchain, Latest News

While the United States and a large portion of the European countries continue to show restraint when it comes to blockchain tech and crypto matters, China seems to be embracing the technology. A majority of the state actors in China have gone on record to note the potential held by the decentralized technology.

The People’s Daily, a government-owned media outlet, has been the latest actor to point out the numerous benefits that the country can enjoy a whole if it was to adopt decentralized technology.

JUST IN

People’s Daily (CCP’s official media outlet) just published another featured commentary as “Blockchain, a breaking point for China to overtake”

Highlighted part really worths extra read here (attached auto translation) pic.twitter.com/y7p3p5vjxC

— Dovey 以德服人 Wan 🗝 🦖 (@DoveyWan) November 4, 2019

 

Great Existing Foundation

Dovey Wan, a Chinese Crypto industry insider and Primitive co-founder, recently sent out a tweet indicating that the People’s Daily had just posted an article online highlighting the advantages of using blockchain technology. Wan went on to translate portions of the online article, which stated that blockchain technology was indeed the future.

The article noted that:

“When it comes to the development of blockchain technology, there is no wrong direction to take.”

It went on to call for the introduction and use of a structured approach when it comes to the development of blockchain applications. Developing useful apps will help the country to become dominant and a global leader in the ever-developing digital economy. The post went on to mention several Chinese companies that were making great strides in this sector.

According to the Daily, robust government oversight and monitoring of the infant blockchain space is necessary. This type of control would ensure that technology does not end up being used in illicit activities, such as money laundering. It went on to prescribe appropriate punishment for anyone who may end up using this technology to assist criminal acts.

As has become common in the country, the media outlet did not have anything good to say about cryptocurrencies. It held the belief that using the innovating blockchain technology should in no way be associated with speculation in crypto assets.

China and Blockchain Technology

Recent events in China have proven that the country cannot simply get enough of blockchain technology. The article by the People’s Daily came on the heels of positive statements made by various authoritative figures in the country.

Recently, Xi Jinping, the country’s president, is on record touting the benefits held by this decentralized technology. Reports indicate that the central bank in the country is in the process of developing and launching a digital currency in the coming weeks.

Featured image: independent.co.uk

Tags: Blockchain NewsChina BlockchainDovey WanPeople's Daily
Previous Post

Tel Aviv-based BLOCK TV Set to Introduce Utility Token

Next Post

The Stellar Foundation Burns Over Fifty Percent of the Available XLM Tokens

Tony P.

Tony P.

Invest at your own risk notice : The information on this website and the links provided are for general information only and should not constitute any financial or investment advice. We strongly recommend you to conduct your own research or consult a qualified investment advisor before making any financial decisions. We are not responsible for any loss caused by any information provided directly or indirectly on this website.

Related Posts

Blockchain stocks

Top 5 Blockchain Stocks to Buy at the End of 2020

by Lavinia C.
November 12, 2020

Blockchain technology is widely adopted in major sectors of the world. The technology’s first application was in cryptocurrencies, which are...

teenager

In One Day A 15 Years Old Teenager Earned 0.7 BTC!

by Ionela C.
May 14, 2020

In the USA (Miami, Florida), a 15 years old teenager earned 0.7 BTC in one day. The teen’s name is...

algorithm

How to Get Guaranteed +1095% to A Crypto Portfolio per Year?

by Ionela C.
April 29, 2020

Today, our reporter Ethan A. spoke via video link with the man who changed the world of financial analysis. Our...

hard drive mining

All About Hard Drive Mining and How It Works

by Anca F.
March 18, 2020

Today, we will be looking into what hard drive mining is and how it works. Find out if this mining...

Polehin

Polehin.com: The First Cryptowallet Available on Apple Watch

by Ionela C.
March 17, 2020

There are a myriad of Bitcoin wallets on the market, so the competition is harsh. The quickly developing Polehin.com app,...

Bitcoin, Ethereum, and Ripple Price Prediction in February 2020

by Anca F.
January 31, 2020

In today’s article, we will be analyzing some of the past price trends and market opinions in order to come...

We Recommend

Top Rated Casinos
Bitstarz Casino

BitcoinCasino.io
Top Investment Projects
Trust Capital LTD
Top Rated Exchanges
Binance Exchange
Top Advertising Services
Coinzilla Display Network
Top Crypto Wallets
Ledger Nano X

Guides & Reviews

cryptocurrency

Why Some Are Still Reluctant to Embrace Cryptocurrency?

January 21, 2021
bitcoin price

Bitcoin (BTC) Price Prediction 2021: Market Analysis and Developments

January 20, 2021
Bitcoin price prediction

Bitcoin, Ethereum, and Ripple Price Prediction in January 2021

January 6, 2021
developer

Best Blockchain Jobs in 2021 and You Are NOT a Developer

December 22, 2020
  • Terms and Conditions
  • Privacy Policy
  • Advertise
  • About Us
  • Contact Us

© 2018-2019 theccpress.com by Brantell Media.

No Result
View All Result
  • Finance & Blockchain News
  • Bitcoin News
  • Altcoin News
  • Crypto 101
  • Blockchain Events

© 2018 - 2019 theccpress.com, a Brantell Media project.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.