Representation of the Bitcoin virtual currency seen on a PC motherboard in this illustration picture. Photo: Reuters

Chinese state media warns that blockchain push is not a green light for speculation on cryptocurrencies

  • Blockchain became a hot topic for debate after Chinese president Xi Jinping appealed for greater urgency in its development
Topic |   Blockchain

TOP PICKS

Representation of the Bitcoin virtual currency seen on a PC motherboard in this illustration picture. Photo: Reuters
READ FULL ARTICLE
Chinese President Xi Jinping set off a frenzy of stock buying when he called for faster development of blockchain technology. Photo: Shutterstock

Bubble or smart bet? Blockchain-stock frenzy in China spotlights hype and hope for investors in new technology

  • Profitable application of promising technology is years away, analysts say
  • Xi Jinping’s call for rapid blockchain development creates quick boom and bust for linked stocks
Topic |   Blockchain

TOP PICKS

Chinese President Xi Jinping set off a frenzy of stock buying when he called for faster development of blockchain technology. Photo: Shutterstock
READ FULL ARTICLE