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Chinese Tech Giant Tencent Files New Slew of Blockchain Patents
19.6.2020
Tencent has reportedly expanded its dominance in blockchain patents after filing for DLT-based fund management, advertising and media storage solutions
Chinese Officials Say Bitcoin Doesn’t Make the Top 10 Cryptocurrencies
18.6.2020
Bitcoin ranks 12th in a recent blockchain evaluation index, as published by China’s Center for Information and Industry Development
Chinese Police Investigate ‘Exit Scam’ by Iranian Crypto Exchange
18.6.2020
Reports indicate the Iranian-based crypto exchange ‘Bitisis’ is actually a Ponzi scheme that has attempted an exit scam
Expert: News of Chinese Banks' Crypto Crackdown Greatly Exaggerated
17.6.2020
Last Monday, Chinese media reported that police in Guangdong froze thousands of bank accounts belonging to over-the-counter traders
JD.com Subsidiary Rolling Out Privacy Tech From Blockchain Firm ARPA
17.6.2020
JD Digits is teaming up with blockchain-based privacy platform ARPA protect the financial data of major clients
Chinese Tech Group Behind TikTok Looks to Enter Finance
16.6.2020
Chinese multinational tech group ByteDance is seeking a virtual banking license in Singapore as a means of entering digital finance
5 Chinese Banks Say Legal Crypto Traders’ Accounts Will Not Be Frozen as Police Widen Crackdown
15.6.2020
Following reports that Chinese authorities are freezing bank accounts of cryptocurrency traders, five banks have reportedly clarified their policies. They confirmed that accounts with legal crypto transactions will not be frozen. However, some people claim that their accounts have been frozen...
Chinese Companies to Bet Big on Blockchain Despite COVID-19 Crisis
14.6.2020
350 Chinese companies surveyed still believe in the higher potential that blockchain technology could offer to their businesses
Chinese Banks Says They Will Not Freeze Legal Crypto Accounts
14.6.2020
Chinese banks are clarifying that they are not shutting down any legal crypto accounts
Bitmain’s Cofounder Accused of Hindering Next-Gen Bitcoin Mining Rig Shipments
14.6.2020
On June 11, 2020, regional reports disclosed that the cofounder of Bitmain, Micree Zhan, is still battling with Jihan Wu in an ongoing feud. The quarrel is allegedly causing shipment problems for customers, as reports note that Zhan is prohibiting deliveries stemming from the company’s...
China’s Government Fuels Stablecoin Economy: Hong Kong Protesters, Singapore and Mainland Residents Flee Capital Controls
13.6.2020
A recent study published by Amun researcher, Eliézer Ndinga, shows that USD-pegged stablecoins are being leveraged in Hong Kong as “vehicles for capital control flight.” The report shows how individuals from mainland China, Singapore, and Hong Kong are moving their capital out...
Father of JOBS Act: US Digital Dollar is Inevitable, No One Wants Chinese Currency
12.6.2020
Father of the JOBS Act does not believe there will be any demand for the Chinese digital currency
70% of Surveyed Chinese Companies Want to Spend Big on Blockchain
12.6.2020
Many Chinese companies that were betting big on blockchain technology prior to the outbreak of the coronavirus pandemic have lost none of their fervor for the technology – and some could even be keen to spend more on adoption in the post-COVID-19 world.
Per Xinhua, a survey of some 350 Chinese...
Chinese Stakeholders Don’t Want to Share Their Personal Data With Government Run Blockchains
10.6.2020
Chinese local governments hit a bump in the road with implementing blockchain applications because stakeholders don’t want to share their data
A Number of Small Bitcoin Mining Farms Are Quitting as Older Mining Rigs Become Worthless
10.6.2020
Bitcoin mining has changed a great deal since the block reward halving on May 11, 2020, and the overall SHA256 hashrate has been between 100-120 exahash per second (EH/s) during the last 48 hours. Reports from China show that a number of small mining operations are struggling and older bitcoin...
4,000 Chinese Bank Accounts Reportedly Frozen Due to Crypto Connections
10.6.2020
About 4,000 Chinese bank accounts of over-the-counter cryptocurrency traders were allegedly frozen by law enforcement
The Rise and Fall of a Chinese Blockchain Star Kaiying Network
10.6.2020
Just four years ago, Wang Yue was being fêted by the likes of Forbes as one of the “world’s youngest billionaires.” At 32, he had the world at his feet, as the head of gaming giant Shanghai Kingnet Technology, also known as Shanghai Kaiying Network Technology or just Kaiying Network – a company...
South Korean Merchants ‘May Accept Digital Yuan from Chinese Tourists’
10.6.2020
Countries with a large influx of Chinese tourists could be among the first outside the Middle Kingdom to accept the forthcoming digital yuan, claims a South Korean report – although it comes with warnings of “Big Brother’s” creeping influence over Chinese finance.
Per South Korean news agency...
Chinese Authority Freezes Thousands of Cryptocurrency Traders’ Bank Accounts
9.6.2020
Several thousands of bank accounts belonging to cryptocurrency traders have reportedly been frozen by Chinese police as a result of an extensive crackdown on illicit activities. Frozen accounts are not necessarily involved in wrongdoing and can be unfrozen if the authority finds no evidence...
Chinese Company Launches Blockchain-powered Lottery in Cambodia
9.6.2020
Chinese news agencies are reporting that the Fujian-based Hongbo has launched blockchain-powered lottery tickets in Cambodia – with its operator claiming its product is “the world’s first paper-based blockchain-powered lottery.”
Hongbo is a commercial printing company and long-term lottery...