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Chinese police bust $1.9B USDT underground banking racket
16.5.2024
The authorities destroyed two underground operations in Fujian and Hunan, and the police also froze 149 million yuan worth $20 million linked to the USDT banking operations
The Overwatch League As We Know It Is Dead
19.7.2023
Things are looking dire for the Overwatch League (OWL), the competitive esports scene built around Blizzard’s popular hero shooter, as the company laid off some 50 employees on July 18.Read more
China Has Dispersed Over $40 Million of Digital Yuan in Red Envelopes, Report Reveals
11.7.2021
China, which has arguably the most advanced digital currency project among leading nations, has so far handed out more than $40 million in red envelopes with digital yuan. The promotional campaign for the CBDC is currently focused on five major cities, taking into account their regional development...
Beijing and Suzhou Railways Now Accept Digital Yuan Payments for Ride Fares
1.7.2021
Beijing subway has officially launched a new program that allows passengers to pay for rides with the central bank digital currency (CBDC) also known as the digital yuan. The news follows the subway system in East China’s Jiangsu province in the city of Suzhou which also allows digital yuan...
Bitmain Reveals New Scrypt Miner — Model Mines DOGE and LTC Four-Times Faster Than Today’s Top Machine
20.6.2021
Regional reports from an exposition in Chengdu indicate Bitmain has unveiled a new scrypt ASIC rig for dogecoin, litecoin, digibyte, and verge mining. The Chinese reporter who disclosed the information says the new Bitmain model has a hashrate of around 9,500 megahash per second (MH/s) and overseas...
Shanghai to Hand Out $3 Million in Digital Yuan Lottery
6.6.2021
As part of government efforts to get the digital yuan going, authorities in Shanghai will distribute $3 million worth of the central bank-issued currency among residents of Shanghai. The digital money will be dispersed through a lottery, a method that has already been implemented elsewhere...
Beijing to Disperse $6 Million in Digital Yuan in a Red Envelope Lottery
3.6.2021
China’s central bank digital currency (CBDC) continues to gain further ground as the Beijing Local Financial Supervision and Administration Bureau revealed 40 million worth of the country’s digital yuan ($6.3 million) will be distributed to Chinese citizens. Beijing and China’s...
Chinese Overwatch Teams Threaten Boycott Of Korean Player For Statements On Taiwan And Hong Kong
5.5.2021
One of the most beloved players in the Overwatch League is facing backlash over political comments he made in a stream. On Chinese social media site Weibo, several members of the Chinese Overwatch League teams stated they would boycott any events that include Korean player Jong-ryeol “Saebyeolbe”...
Overwatch League Live Games Are Back, But Only In China
14.4.2021
Overwatch League Homestands are back, kinda. Today, the Overwatch League announced Homestands—live match events—will be returning during the 2021 season, but only in China.Read more
Our Man in Shanghai: Digital yuan tests, ‘bear market’ and ‘NFT’ searches spike
26.3.2021
Digital RMB testing for cross border payments and electric vehicles continues, sentiment takes a dive and blockchain events return to meatspace
Sichuan’s Blockchain Park: Chengdu Government Officials Welcome Bitcoin Miners
2.9.2020
In mid-August officials from the Chinese province of Sichuan approved a number of enterprises that mine bitcoin for legal hydropower consumption in the region. Following the local government of Ya’an city deciding to foster mining, officials from Chengdu recently spoke about welcoming crypto...