Breaking News: Chinese Govt. To Cut Electricity Costs To Protect Bitcoin Miners
The fears that stagnating Bitcoin prices [~$6k-7k] might starve the large Bitcoin miners majority of which are based out of China’s Sichuan province are now
14 Chinese men arrested near Singapore over crypto-related scams | Cryptopolitan
Local police in Malaysia have arrested about 14 Chinese indigenes over supposed crypto-related scams. They reportedly operated a fake cryptocurrency investment platform, wherein the lure in victims using false testimonies.
China’s digital currency takes shape as trials begin
Agency in charge of developing China’s digital currency confirms that pilot schemes for the digital yuan have been approved in four cities.
Chinese Blockchain Service Network to launch in April 2020 | Cryptopolitan
A Chinese Blockchain Service Network comprising of local banks, groups, corporations, and technology companies will be launched sometime in April. Backed by the government itself, the BSN platform will surely […]
Wipe out! Why many BTC miners just got liquidated in China – Decrypt
Over-leveraged miners who recently took loans for operating cash from crypto exchanges were among the casualties of last week’s crash.
Unlike Libra, Digital Yuan Will Not Need Currency Reserves to Support Value: PBOC Official – CoinDesk
PBOC wants to distinguish its own digital currency from rival private initiatives.
Token burning: The battle for China
Token burning is creating an arms race among Asian exchanges.
China Injects $4.7M Into Central Banks Blockchain Trade Finance Platform – CoinDesk
Thirty-eight banks have started using the platform since it entered the test phase in September 2018.
China Blockchain: Focus on settlements, trade financing and the property market | Cryptopolitan
According to a published paper by the Digital Currency Research Institute, China Blockchain industry does not plan to use blockchain for traditional payments. Instead, blockchain’s use in the country will focus on settlements, trade, financing, and the property market. In the long run, China plans to roll out its digital currency. There has been consistent media hullabaloo concerning the adoption of China blockchain as state policy as the emerging power finds blockchain technology as cutting edge in today’s fast-paced globalization. In as much as China reinstated its commitment to the use of blockchain, uncertainties always hovered over how far that
Chinese nationals indicted for laundering cryptocurrency for Lazarus Group – SiliconANGLE
Chinese nationals indicted for laundering cryptocurrency for Lazarus Group – SiliconANGLE
Crypto mining in China takes a hit following Coronavirus outbreak | Cryptopolitan
Crypto mining operations in China are finally feeling the heat from the much-dreaded Coronavirus outbreak as authorities continue to struggle to put a brake on
China Looking Ahead to Complete Sovereign Digital Currency Mission: DCEP Will Be Released Soon
Chinese Crypto – DCEP Some reports said that China would launch its Digital Currency/Electronic Payments (DCEP) in the month of November. A large domestic finance magazine named Caijing claimed that it would be released at the end of the year 2019 in Shenzhen. But these predictions have proven wrong. The head of the Chinese central …