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Beijing Announces ‘Legal Digital Currencies Pilot’ Plan
9.10.2020
Beijing is set to build a “legal digital currency pilot area” as part of its new Beijing Pilot Free Trade Zone initiative – although the project’s masterminds have stopped short of providing details as to what sort of tokens will be given the green light.
Per the Beijing News, via news agency...
Beijing sees digital currencies as ‘new battlefield’ in global finance
21.9.2020
China's central bank aims to challenge the global financial status quo
Beijing pulls ahead of Shenzhen as China’s top blockchain city
11.9.2020
The 2020 Chinese Blockchain Innovation rankings have been released
Canaan Cuts Losses for Second Successive Quarter, Down To $2.4M in Q2; Demand Remains Weak
3.9.2020
Canaan Creative, the Chinese maker of bitcoin mining hardware, reported a net loss of $2.4 million during the second quarter of 2020, down from $5.6 million in the previous quarter. It is the second consecutive quarter of narrowing losses for the firm, hit hard by falling demand amid...
Beijing Telecoms Provider Latest Company to Join Digital Yuan Pilot
2.9.2020
Another private sector firm has stated that it is working with the Chinese central bank on its fast-expanding digital yuan pilots.
Per Shanghai Securities News, a Beijing-based telecom provider named Shenzhen Techo Telecom admitted that it was working on the project, known in China as the Digital...
Over $1 Billion Ethereum-Based Tokens Vulnerable to ‘Fake Deposit Exploit’
28.8.2020
A number of university researchers published a study that demystifies the “fake deposit vulnerability” in Ethereum-based smart contracts. The findings show that over 7,000 tokens worth more than $1 billion built on top of Ethereum are vulnerable to two types of attacks that exploit...
Huawei Builds Blockchain Platform So Beijing Govt Can Better Manage People’s Data
24.8.2020
Huawei’s cloud services arm is helping the Beijing government set up a blockchain platform that would better track and manage people’s data ranging from medical records, real estate registration and real time parking updates
Huawei and Beijing jointly develop municipal blockchain directory
24.8.2020
Beijing’s municipal government has ambitious plan for smart city infrastructure based on the Huawei Cloud Blockchain
Huawei Working with Beijing on Blockchain Governance Platform
24.8.2020
Chinese tech giant Huawei may be under fire from governments in the United States and Europe, but appears to be pursuing new, blockchain-powered business avenues in its home country.
Per Jintai News, the firm’s Huawei Cloud arm has joined forces with the Beijing Municipal Government to co-create...
Beijing Makes Digital Yuan Pilot Expansion Plan U-turn
20.8.2020
The Chinese government has indicated that it may not decide to expand the scale of its digital yuan launch after all – just days after it revealed details of a massive expansion encompassing some of the most affluent parts of the country.
As previously reported on Cryptonews.com, the nation’s...
China Testing Digital Currency in Major Cities, Including Beijing and Hong Kong
17.8.2020
China’s Ministry of Commerce has announced the pilot run of the country’s central bank-backed digital currency in major cities, including Beijing, Hong Kong, and Macau. It will also be tested during the 2022 Winter Olympics games in Beijing, the ministry said. China Announces Testing...
China Expands Digital Yuan Trials to Beijing and Neighboring Provinces
14.8.2020
While there is not yet a set time for the expanded pilot program to begin, a policy framework should be complete by the end of 2020
Bitmain Delays Delivery of Bitcoin Miners by Three Months, as Co-Founders Battle for Company Control
7.8.2020
Bitmain has delayed shipments of its Antminer bitcoin mining machines by three months, as the tussle between co-founders, Jihan Wu and Micree Zhan Ketuan, for control of the company intensifies. According to a post on Bitmain’s official Wechat account, the Beijing-based bitcoin miner maker...
China Never Banned Bitcoin as Commodity, Beijing Arbitration Commission Explains
2.8.2020
The Beijing Arbitration Commission has published an article clarifying that bitcoin’s use as a commodity has never been banned in China. It explains that the Chinese authorities’ attitude toward controlling bitcoin revolves around three areas. China Recognizes Bitcoin as Commodity...
China Didn’t Ban Bitcoin Entirely, Says Beijing Arbitration Commission
30.7.2020
Bitcoin-related activities are not prohibited by the Chinese government as the cryptocurrency acts as a virtual commodity
Beijing Says Blockchain Adoption Is Already Yielding Tangible Results
17.7.2020
China’s blockchain kick is starting to leave a noticeable mark on the nation’s capital with the Beijing government reportedly deploying blockchain technology in 140 different use cases.
Per a report from The Beijing News, blockchain-powered alternatives have helped do away with paper-based...
Beijing: 140 Government Services Applications Are Using Blockchain
16.7.2020
The Beijing government has released its first blockchain application blueprint for government services, claiming 140 applications already use the technology
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
Beijing Plans to Foster DLT Unicorns Through New Blockchain Investment Plan
1.7.2020
China’s capital city has unveiled an ambitious plan to transform Beijing into a global hub for private blockchain innovation and leader in public DLT deployment
Beijing to Set up Blockchain Fund and Foster ’Unicorn’ Firms
30.6.2020
The city government of Beijing and the surrounding area has announced a new two-year plan to foster the Chinese capital’s blockchain industry.
Per an official announcement from the People’s Government of Beijing Municipality, the capital’s plan involves setting up blockchain technology talent...