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Chinese Authorities Confiscate $15 Million in Cryptocurrencies, Arrest 10 Scammers
11.7.2020
Chinese authorities have seized cryptocurrencies worth about $15 million while bringing down a scam involving fake Huobi tokens. In addition, ten people were arrested while luxury cars and real estate were confiscated. The police in the Chinese city of Wenzhou, Zhejiang province, have cracked...
Chinese Police Dismantle $14M Crypto Scam
9.7.2020
The Chinese police busted a massive crypto scam in Wenzhou that managed to amass over $14.31 million
China’s Giant Ride-Hailing Service Didi to Pilot the Central Bank’s Digital Yuan
9.7.2020
The Chinese government and the country’s central bank, the People’s Bank of China (PBoC), are currently in the midst of testing a digital yuan or central bank digital currency (CBDC). Now the Chinese ride-hailing corporation Didi Chuxing will be trialing the newly developed digital yuan...
Ferrari, McLaren and $15M in Crypto Seized as Chinese Police Bust Arbitrage Scam
9.7.2020
The novel Chinese scam saw perpetrators create fake crypto assets to fleece investors seeking arbitrage opportunities
Chinese Power Giant & World’s 5th Biggest Company in Blockchain Dive
9.7.2020
The State Grid Corporation of China (SGCC), the largest utility company in the world, says it will launch a blockchain “lab” – in a bid to adopt blockchain technology to its business workings and internal operations.
The SGCC is headquartered in Beijing, has around 1 million employees...
Chinese Province to Use Quarkchain for Construction Resource Management
8.7.2020
Blockchain firm Quarkchain announced a partnership with the ecological department of Northeastern Chinese province Shanxi
Chinese Steelmaker Settles $16 Million Iron Ore Deal on Blockchain
8.7.2020
A major Chinese steelmaker settled a blockchain-based $16.87 million iron ore trade with the world’s second-largest mining group, Rio Tinto and Hancock Prospecting Pty. Ltd
Escalating Bank Runs Spur Chinese Government to Require Approval for Large Cash Transactions
7.7.2020
A series of bank runs has prompted the Chinese government to begin requiring approval for large cash deposits and withdrawals at commercial banks, starting with banks in a northern province. Recently, two bank runs happened within a week as people lost faith in financial institutions amid...
Tiktok Ban: US May Join India in Banning Chinese Social Media Apps
7.7.2020
The Trump administration is looking at banning Tiktok and other Chinese social media apps, according to Secretary of State Mike Pompeo. The US has been concerned about Tiktok being used by the Chinese government to mine American users’ data. India has already banned Tiktok in its country...
Chinese Courts Use Blockchain for Property E-Sealing
6.7.2020
Courts in China are rolling out blockchain-based electronic seals to protect property from being disturbed or damaged
Chinese Supply Chain Innovator to Develop Blockchain System for SMEs
3.7.2020
The Binance China Blockchain Institute has partnered with a state-level enterprise to jointly develop new digital infrastructure for small and medium enterprises in the country
Chinese Economist Says 2020 Is the Tipping Point for Blockchain
2.7.2020
Chinese economist says signs have shown 2020 is an important year for integrating blockchain within all industries
Bitfinex Investor Reportedly Detained by the Chinese Authorities
2.7.2020
Zhao Dong was taken in custody by the police with no official statement as to his detention
US Contract Miner Core Scientific Buys 17,600 Bitcoin Miners From Bitmain
30.6.2020
U.S. contract mining firm Core Scientific has agreed on a deal to buy 17,600 mining rigs from Chinese bitcoin hardware maker Bitmain Technologies Inc. The company is buying Bitmain’s next-generation bitcoin (BTC) miner, the Antminer S19, it said in a statement on June 29. The miners will...
Chinese Bitcoin Mining Giant Ebang Is Launching an Offshore Exchange
29.6.2020
Ebang, the world's second-largest producer of bitcoin mining equipment, hopes an exchange could double total revenue by 2022
Bitcoin Mining Chip Manufacturer Ebang to List on Nasdaq This Week
24.6.2020
On Friday, June 26, the China-based Zhejiang Ebang Communication, often referred to as Ebang, will be listed on Nasdaq, according to various reports. Ebang’s initial public offering (IPO) will be the second U.S.-based IPO for an ASIC mining manufacturer joining the company Canaan. The Ebang...
Wirecard Ex-CEO in Custody, Blockchain-powered Baby Milk + More News
23.6.2020
Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Legal news
Ex-CEO of German payment processor and financial services provider Wirecard is in police custody over suspicion...
Chinese City Issues Post-Pandemic Consumer Vouchers on the Blockchain
23.6.2020
Nanjing, China is basically using the blockchain to drive a local economic stimulus program
‘400 Companies’ to Use Chinese Blockchain Pilot Zone + More News
22.6.2020
Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Blockchain news
Some 400 companies are participating as Guangzhou, in Guangdong Province, launches China’s first blockchain pilot...
Chinese Mining Company Ebang to Reportedly List on Nasdaq This Week
22.6.2020
Ebang will reportedly get listed on Nasdaq on June 26, hoping to raise $125 million in an initial public offering