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Chinese Central Bank’s Digital Yuan App Hits Apple, Android Stores
4.1.2022
China’s digital yuan is inching ever closer to rollout – with a pilot version of a central bank-issued app and wallet released on Apple and Android app stores in the country....
Read More: Chinese Central Bank’s Digital Yuan App Hits Apple, Android Stores
Crypto mining reportedly rises in Thailand due to Chinese crypto ban
29.12.2021
Thailand is among the countries capitalizing on China’s crypto crackdown, with retail investors increasingly mining crypto
'Net neutral' — Rising Bitcoin exchange balances could be due to Huobi Chinese user block
29.12.2021
Binance may be seeing Bitcoin inflows, but overall, movements among major exchanges appear to cancel each other out, fresh data shows
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
Chinese Central Bank Vows to Develop Real Estate Market
27.12.2021
The Chinese central bank recently promised a healthy development of the real estate industry in the region. In addition, the financial institution talked about safeguarding the home buyers’ legal rights and satisfying their living needs. The PBOC (People’s Bank of China) released the statement...
Recent Chinese Bitcoin Court Ruling ‘Not an Isolated Case’ & Part of ‘an Ongoing Trend’
27.12.2021
A court ruling in China from earlier this month claiming that a Bitcoin (BTC) mining contract was “void” was not an outlier, according to a new report, which added that Chinese courts have made similar rulings prior to the crackdown this year....
Read More: Recent Chinese Bitcoin Court Ruling...
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...
Chinese companies embark on a metaverse trademark race
20.12.2021
Despite the Chinese central bank's proposal to monitor metaverse and NFTs, companies such as Tencent and Huawei are pursuing metaverse-related trademarks
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...
Court Decision Voids Crypto Mining Contracts in China, Shuts Down Bitcoin Farms
16.12.2021
A court in Beijing has ruled that three investment agreements for bitcoin mining operations in Sichuan are “invalid.” A compensation claim has been rejected in the case, viewed as an indication that the Chinese judiciary would not provide protection for crypto-related interests....
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....
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UK Intelligence Chief Raises Concerns About Use of Digital Renminbi to Control Global Transactions
13.12.2021
The chief of the Government Communications Headquarters (GCHQ), one of the big three intelligence agencies in the U.K., has raised concerns regarding China and its digital renminbi. Sir Jeremy Fleming stated that the already existent Chinese CBDC could be used to collect information from users...
Miami Mayor Francis Suarez Plans to Take a Fraction of His 401k in Bitcoin
11.12.2021
During the first week of November, the reelected Miami mayor Francis Suarez explained that he would receive part of his salary in bitcoin via the payment processor Strike. A month later, speaking at Real Vision’s Takeover event in Las Vegas, Suarez revealed he plans to take part of his 401k...
Perhaps Binance’s CZ Isn’t World’s Richest Ethnic Chinese Person After All – Report
10.12.2021
Just over a week after a major Chinese media outlet claimed that the Binance Founder and CEO Changpeng “CZ” Zhao is the richest ethnic Chinese person alive, another report has surfaced questioning the logic of the original report.
In an article published by the media outlet Yijian Finance,...
Cryptocurrency Exchange Huobi Global to Leave China This Month
8.12.2021
Digital asset exchange Huobi Global has revealed its intention to exit the Chinese Market. The crypto trading platform with Chinese roots said it will stop processing transactions for existing users on the mainland by the end of the year. Huobi Global Halts Services in the People’s Republic...
Bitcoin Hashrate Rises Despite Price Drop, Mystery Hashpower Returns
5.12.2021
Bitcoin’s hashrate has increased a great deal, even after the leading crypto asset’s price slipped below the $50K price zone. Eight days ago the network hashrate was coasting along at 168 exahash per second (EH/s), and this past week it increased 7.73% to today’s 181 EH/s....
China’s Hainan Province Ramps Up Crackdown on Crypto Mining Operations
5.12.2021
The province of Hainan in South China has taken steps aimed at curbing crypto mining activities. Besides blacklisting the industry, local authorities are also introducing higher electricity rates for the mining enterprises that continue to operate in the region. Hainan to Ensure Crypto Miners...