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Chinese Police Seize $4.2 Billion in Multiple Cryptocurrencies From Plustoken Ponzi Clampdown
27.11.2020
Chinese police have seized more than $4.2 billion worth of crypto assets in its clampdown against the Plustoken Ponzi scheme. According to a court ruling made public on Nov. 26, and shared by The Block, law enforcement confiscated a total of 194,775 bitcoin (BTC), 833,083 ether (ETH), 1.4 million...
The USD 4.2bn Question: Has China ‘Dumped’ PlusToken Bitcoin, Ethereum & Co?
27.11.2020
Source: Adobe/Александр Коликов
Crypto community members are wondering what has become of a huge stash of crypto worth a combined USD 4.2bn seized by the Chinese authorities who closed down the PlusToken crypto scam earlier this year – with some asking if the funds were already “dumped” onto...
Chinese Authorities Have Seized a Massive $4 Billion in Crypto From PlusToken Scam
27.11.2020
Cryptocurrencies worth billions of dollars have been seized during the police crackdown on the PlusToken Ponzi scheme in China
China’s Xi Asks ASEAN Nations to Join in Building of ‘Digital Silk Road’
27.11.2020
Xi Jinping pushed for digitally enhanced trade among Southeast Asian nations in a keynote at the China-Asean Expo on Friday
China’s national blockchain project adds Polkadot support
26.11.2020
The Blockchain Service Network integrates three more major blockchains
Blockchain Infrastructure Firm BSN Adds Polkadot, Oasis, Bityuan to Network
25.11.2020
China’s state-sanctioned blockchain infrastructure provider BSN is adding cross-chain protocol Polkadot, decentralized cloud data startup Oasis and China-based project Bityuan to its network
Despite New Incentives to Stay, Some of OKEx’s Chinese Users Are Determined to Leave
25.11.2020
Some OKEx's users in China are determined to leave the exchange despite new incentives designed to keep them
Long in China’s Shadow, the US Is Becoming a Bitcoin Mining Power Again
25.11.2020
Following a string of investments, miners are increasingly optimistic about prospects for the U.S. market in 2021
US intelligence is looking at Chinese CBDC as a national security threat
25.11.2020
The Director of National Intelligence wants to have the SEC's leader briefed on the dangers of the U.S. falling behind in crypto
US Intelligence Chief Raises Concerns With SEC Over China’s Crypto Dominance: Report
25.11.2020
U.S. spy chief John Ratcliffe was reportedly seeking clearer regulation around digital currency
OKEx to Resume Withdrawals Before Nov. 27, Offers New Compensation Programs
24.11.2020
OKEx will compensate those users who have been frustrated by its suspension on withdrawal service
US Fed researcher says CBDCs should beat Big Tech payments on privacy protection
23.11.2020
The paper also put forward CBDCs as solutions to high transaction fees and the energy use of mining cryptocurrencies like Bitcoin
Suzhou to launch digital yuan 'red envelope' trial for Double 12 event
23.11.2020
Tied in with a national shopping event, the trial will add "offline" and "touch" functionality
China Construction Bank Pulls Planned Listing of Bitcoin-Tradable Bond
23.11.2020
The "Big Four" Chinese bank has suspended the listing of a $3 billion bond issuance that was intended to be tradable for bitcoin and U.S. dollars
China to Hold Second Lottery Trial of the Digital Yuan
23.11.2020
A lottery in Suzhou will additionally trial the offline feature of the digital yuan, per a Monday report
Chinese banking giant withdraws $3B blockchain bond from listing
23.11.2020
The $3 billion blockchain bond has been effectively cancelled
Analysts: Institutional Investor Interest Fueling BTC Rally, Liquidity Crunch Narrative Debunked
22.11.2020
Crypto analysts are pushing back against the narrative that the current BTC rally is being fuelled by a liquidity crunch afflicting bitcoin mining pools in China. The liquidity crunch, which is caused by an ongoing regulatory crackdown in that country, has reportedly left miners unable to sell...
China’s Xi Asks G20 Countries to Be ‘Open and Accommodating’ to CBDCs
21.11.2020
In a wide-ranging speech, Xi said that the G20 group “needs to discuss developing standards and principles for central bank digital currencies.”
Blockchain is good for hodling, but not for voting: Bad Crypto news of the week
21.11.2020
Analysts make a slew of wild predictions as Bitcoin continues its moon mission in this week's Bad Crypto podcast
The US election seals China's victory in digital currency supremacy
21.11.2020
While there is an unclear future for digital currency development under Joe Biden’s presidency, China is leading the race