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Chinese Crypto Users Still Find Ways to Circumvent Ban

28.12.2021
  Crypto users in Mainland China are still finding ways to trade while major exchanges are preparing to disable service for Chinese users by the end of the year.... Read More: Chinese Crypto Users Still Find Ways to Circumvent Ban

China’s Xinhua News Agency to Issue NFTs Despite Crackdown on Crypto

22.12.2021
Xinhua, the official news agency of China, is going to issue an NFT collection with photographs depicting historic moments of the passing year. The initiative, which comes amid an ongoing crypto crackdown, is seen as a boost for blockchain, the technology that also underpins cryptocurrencies....

Chinese Communist Party's Mouthpiece Endorses NFTs in a Surprise Move

22.12.2021
  Xinhua, the news agency of the Chinese Communist Party (CCP), has announced that it will release a set of non-fungible tokens (NFT) later this week as part of a “metaverse” move. While media outlets releasing NFTs does not really class as news nowadays, this is not true in the case of a...

Chinese Tech Giants Ready Metaverse, NFT Moves Despite Regulatory Scrutiny

21.12.2021
  China’s tech giants are hopeful of launching metaverse and non-fungible token (NFT) businesses despite suffering a torrid year at the hands of the country’s vehemently anti-crypto government. Heavy-hitters including JD.com and Alibaba have laid out plans that involve metaverse and NFTs, although...

20% of Bitcoin Hashrate Is ‘Still in Mainland China,’ Report Claims

20.12.2021
  As much as 20% of the world’s total bitcoin (BTC) mining hashrate may still be based in Mainland China despite September’s crackdown, a new report has indicated. Although Beijing has been seeking to make an example of miners who continue to defy its blanket ban on mining, authorities in...

Asian Sellers Weighing on Bitcoin Price, But Possibly Not for Much Longer

20.12.2021
  The bitcoin (BTC) price on average moves markedly lower during Asian business hours than it does during the European and US business hours, indicating that significant selling pressure is coming from Asian investors, new data from on-chain analytics firm Glassnode suggests.... Read More: Asian...

China Censors Crypto-Themed Short Videos Shared Online

18.12.2021
An industry organization controlled by the Chinese government has updated a list of topics users of video-sharing apps should avoid. Crypto-related content is now among the entries along with traditional taboos in China like mocking its leadership, provoking sectarianism, and showing sex. Clips...

Chinese Banks ‘Educate’ the Public on the Pitfalls of Crypto

16.12.2021
  Provincial branches of China’s biggest commercial banks have begun “educating” the general public on the dangers of crypto and money-laundering – but it appears that the message that crypto and mining is “bad” isn’t getting through to some public officials.... Read More: Chinese Banks ‘Educate’...

Chinese Courts Sentence Crypto Miner, Fraud Rings as Enforcement Continues

14.12.2021
  Crypto mining and investment in most of their forms have been shunted to the margins of society in China, but in some parts of the country, appetite for mining coins remains high, to the extent that some seem prepared to steal electricity from the grid to fuel their efforts.... Read More:...

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