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27 Arrests as Chinese Police ‘Completely Destroy’ PlusToken Bitcoin Scam
30.7.2020
One of the most notorious and largest-scale bitcoin (BTC) scams of all time appears to have finally be taken down – with Chinese police swooping to arrest 27 suspects it said orchestrated PlusToken.
Per state-owned media outlet Chinanews, the Ministry of Public Security, China’s police authority...
2020 Monsoon Season and Dam Stress Threatens Chinese Bitcoin Miners
24.7.2020
Digital currency proponents have been discussing the 2020 monsoon season in East Asia and how there’s a possibility it could wreak havoc on large bitcoin mining operations located in China. Recent estimates note that China has 50% of the world’s bitcoin mining capacity but if mining...
Chinese Blockchain Projects Unite to Push Mainstream Adoption Forward
23.7.2020
NEO to partner with China’s Blockchain Service Network to overcome major barriers for blockchain adoption
Bitcoin SV ‘Educates’ China’s Largest Developer Community
23.7.2020
Bitcoin SV will provide education for up to 31 million people through a partnership with China’s largest developer network
China’s Supreme Court Recommends Increasing Crypto Property Rights Protection
22.7.2020
The supreme court of China has recommended increasing the legal protection of property rights, including digital currency ownership rights. The recommendations also focus on solving issues such as “the use of public power to infringe private property rights, illegal seizures, and freezing...
Chinese Blockchain Network Integretes Ethereum, Tezos, NEO, and More
22.7.2020
China’s Blockchain Service Network (BSN) platform will integrate the Ethereum (ETH), Ios, Tezos (XTZ), Nervos (CKB), NEO and IRISnet blockchain networks as an international portal is unveiled in August.
Per a blog post, a version of the BSN – a network that already has full coverage in all major...
Chinese Supreme Court Favors Strengthening Cryptocurrency Property Rights
22.7.2020
China’s Supreme Court has called to strengthen property laws pertaining to digital currency, network virtual property and data
Chinese Blockchain-powered Cross-border Trade Pilot Handles USD 4.4bn
21.7.2020
Operators of a Chinese blockchain-powered cross-border trade pilot platform are set to expand the platform’s scope – with multi-million dollar trade deals now being conducted in a key testbed area.
Per Haiwainet, the central government is testing the efficacy of the network in the Guangdong-Hong...
Don’t Fall for These Fake Chinese CBDC Scams
20.7.2020
Scammers promise high yields for people who allocate their money in a fake CBDC-related investment scheme
Digital Yuan CBDC Momentum Grows as More Chinese Firms Get to Testing
19.7.2020
As the development of the digital yuan project progresses, the number of China’s largest companies testing the national cryptocurrency is rapidly growing
US Agency Says Chinese Drug Traffickers Used Bitcoin to Launder Proceeds
17.7.2020
The U.S. Office of Foreign Asset Control has sanctioned four Chinese residents, claiming they helped launder drug proceeds using bitcoin
Chinese Energy Supplier Deploys Blockchain Node in State-Run Network
15.7.2020
Gansu province is now connected to the state-run Energy Zone Blockchain public service platform
Another Chinese Giant, Meituan Dianping, Might Test Digital Yuan – Report
15.7.2020
The rollout of China’s much-discussed central bank digital currency (CBDC) is getting one step closer, as the People’s Bank of China (PBoC) – the country’s central bank – is said to have entered into discussions with a giant online food delivery platform for a trial of the digital yuan.
Citing...
Former Chinese Official Says CBDC Will Pave Way for Digital Stocks
15.7.2020
A former Chinese official says the development of a digital currency will lay the foundation for the birth of digital stocks
Blockchain Medical Prescriptions Coming in Chinese City + More News
14.7.2020
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Blockchain news
A Chinese city said it will launch a blockchain-powered medical prescription app for smartphone-using residents. Per Zhihu,...
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...