Xi to Endore Blockchain As 'Breakthrough' in Economy

Chinese leader Xi Jinping publicly supported the blockchain technology for the first time
30 May 2018   995

Chairman of the People's Republic of China Xi Jinping on Monday delivered a speech in which he acknowledged that the blockchain has potential, for the first time publicly supported the developing technology. This is reported by CoinDesk.

Speaking at the annual scientific conference organized by the Chinese Academy of Sciences, Xi said that the blockchain is a critical part of the technological revolution of the 21st century, and China should use it to make progress in the economy.

Ever since the start of the 21st century, a new generation of industrial revolution is substantially reshaping the global economic structure ... with artificial intelligence, internet of things and blockchain constantly making application breakthroughs.
 

Xi Jinping

President, People's Republic of China

Xi also said that China, in order to succeed in a global economic competition, should establish national laboratories that will comply with high standards and encourage research and development of technological infrastructure.

The head of China did not go into the details of how the blockchain should be used, but shortly before his speech, the State Council of the People's Republic of China ordered the free trade zone in Guangdong to accelerate the development and use of blockchain - among other things, in financial technology.

Bittrex to Go For Maintenance After 1/3 Funds Moved

Users suspects hack, but exchange says "funds are safe"
05 December 2019   95

The Bittrex cryptocurrency exchange has announced scheduled maintenance today, December 5, from 22:00 to 23:00 (GMT). On the eve, a third of its assets were transferred to an unknown wallet.

During maintenance, users will not be able to log into the system or use the APIs. Trading will be suspended.

On December the 4th, populat Twitter account posted that "43,564 #BTC (313,074,134 USD) transferred from Bittrex to unknown wallet." Users suspected that the exchange was hacked, but the exchange . 

Closures for scheduled maintenance only heightened suspicion. However, the Bittrex team assures that "that claim is false."