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Chinese Banks Use Blockchain Platform to Process Millions in Foreign Trade
11.3.2020
Banks in China leverage blockchain trade finance platform to process millions of dollars in foreign trade transactions
Chinese Blockchain Pilot Processes USD 56m Worth of Int’l Trade
11.3.2020
A blockchain-powered trade finance platform developed by China’s foreign exchange regulator has already processed cross-border payments worth USD 56.36 million and completed export financing totaling USD 460 million as part of a year-long pilot in selected areas of the country.
Chongqing...
Bitcoin Mining Rig Manufacturer Canaan Sued – Accused of Misleading IPO Investors
7.3.2020
Bitcoin mining rig manufacturer Canaan Inc. is being sued for allegedly breaking U.S. securities laws before its initial public offering (IPO). Phillippe Lemieux, a Canaan investor, filed a class-action lawsuit that claims the company violated the Securities Act of 1933. Lemieux believes Canaan...
Chinese Province Sees First Official Blockchain Zone
4.3.2020
Home to 788 blockchain companies, Hunan province in central China is about to open its first official blockchain zone
Chinese University to Offer Undergrad Blockchain Degree + More News
4.3.2020
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.
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A university in Chengdu, China, will launch the nation’s first Blockchain Engineering department, offering China’s...
US Charges North Korea-Linked Chinese Nationals for Laundering Over $100 Million in Stolen Cryptocurrency
3.3.2020
The U.S. government has charged two Chinese nationals involved in laundering stolen cryptocurrency worth $100 million from an exchange allegedly for the benefit of North Korea. They are linked to the U.S.-designated North Korean state-sponsored Lazarus Group. A total of 113 cryptocurrency accounts...
US Government Sanctions Two Chinese Nationals in Connection With Lazarus Group Hack
3.3.2020
The U.S. Department of the Treasury’s Office of Foreign Assets Control sanctioned two Chinese nationals accused of laundering cryptocurrency that was stolen in a 2018 crypto exchange hack, in connection with Lazarus Group
Chinese Crypto and Blockchain Firms Grapple With Coronavirus Outbreak
28.2.2020
The outbreak has complicated tech upgrades, product development, logistics and business travel at crypto exchanges and other blockchain firms in China
Government to Airdrop $9 Billion in Free Money to 7 Million Hong Kong Residents
28.2.2020
The government of Hong Kong has decided to airdrop about $9 billion in free money to an estimated 7 million residents in the troubled Chinese territory. From a global perspective, this can be seen as a desperate move to stimulate the local economy while the coronavirus outbreak is hitting markets...
Chinese Communist Party Exec Wants State Monopoly on Digital Currency
27.2.2020
China Former Vice President of CIRC of the Party openly talks the strategic plan of CBDC and its ICO and crypto bans
China Adopts Security Standards for Blockchain Applications in the Financial Sector
25.2.2020
Keeping the focus on blockchain development, banking authorities in China have issued a set of rules pertaining to the secure application of crypto-related technologies in the financial sphere. The new standards, the first of this kind, are to guide the work of developers and service providers...
Chinese Government-Backed Institute Releases New Ranking of 37 Crypto Projects
22.2.2020
China’s Center for Information and Industry Development has published its latest crypto project ranking — the first this year. A total of 37 crypto projects, two more than in the previous ranking, were evaluated and ranked overall this month as well as in three separate categories. Also...
BCH Funding Debate: Amaury Séchet Responds to IFP Questions, Noting Contention in the West
22.2.2020
On February 20, Bitcoin Cash engineers held the second 2020 BCH developers’ meeting and the first since the Infrastructure Funding Plan (IFP) was added to the Bitcoin ABC version 0.21.0 client. Seven developers discussed new features that are coming after the May upgrade, but a majority...
Coronavirus Quarantine Controls and Shipping Delays Impact Bitcoin Miners
21.2.2020
During the first week of February, a few of the top mining rig manufacturers from China revealed they were forced to postpone device shipments due to the ongoing coronavirus outbreak. Regional reports from the country now disclose that shipments will be delayed even longer and Chinese mining...
Central Bank of China Pumps 300 Billion Yuan Into Financial System, Cuts Loan Rates
18.2.2020
The Chinese government has taken multiple steps so far to contain the economic fallout from the coronavirus epidemic, including interest rate cuts and financial injections worth billions of yuan. It did it again this week, extending the monetary easing provided by the central bank. With the budget...
Chinese Exchange FCoin Closes Down, Still Owes Users $125 Million
18.2.2020
FCoin CEO reveals the exchange has to stop running, with users still waiting for $67 million to $125 million
Chinese Blockchain Startup Hires VC Exec to Lead North American Expansion
17.2.2020
Beijing-based blockchain startup Conflux has hired the former head of crypto at VC firm Outlier Ventures to lead a North American expansion
84 PBOC Digital Currency Patents Show the Extent of China’s Digital Yuan
16.2.2020
The People’s Bank of China (PBOC) has reportedly filed 84 patents relating to its plans to launch a digital currency. The patents reveal the central bank’s plans which include integrating digital currency wallets into existing retail bank accounts. The potential for the Chinese central...
Chinese Quarantines Cash To Stop Coronavirus, Not an Issue With Bitcoin
16.2.2020
Quarantine measurement are being taken for used banknotes in China to fight the coronavirus, some says crypto is the answer
China Is Scrubbing Cash Notes to Stop Virus Spreading so Its Government Paper Money Wont Kill You
16.2.2020
Research has shown that government paper money is a hotbed for bacteria and that, at least in the U.S., most bank notes in circulation are tainted by cocaine. Now you can also worry about a new threat possibly sticking to your fingers when you handle a bill – a deadly virus coming out...