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‘All Banks Go Fintech’: Hong Kong Unveils ‘Fintech 2025’ Strategy
10.6.2021
The Hong Kong Monetary Authority (HKMA) plans to guide local banks towards full adoption of fintech technologies, a new strategy reveals. The region’s central banking institution also stressed that it’s going to “walk the talk” by digitalizing its own supervision...
China’s Qinghai Province Instructs Bitcoin Mining Operations to Shut Down
10.6.2021
Following the report that indicates specific Chinese miners in the Xinjiang region were told by officials to shut down, another agency in Qinghai has informed miners to cease operations in a recently published government mandate. Similarly, the Qinghai Industry and Information Technology...
Bitcoin miner Luxor eyes North American expansion with $5M funding round
10.6.2021
Luxor and NYDIG have teamed up to foster growth for the North American crypto mining industry
New Major Players Enter Crypto Market, China Hides Binance, OKEx & Huobi + More News
9.6.2021
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Investments news
Interactive Brokers Group plans to begin offering crypto trading through its brokerage by the end of the summer, Reuters...
Report: Document Shows Specific Bitcoin Miners in Xinjiang Instructed to Shut Down
9.6.2021
An official notice stemming from the Changji prefecture government in Xinjiang details that officials from the Zhundong Economic-Technological Development Park must instruct bitcoin miners to shut down. China’s province of Xinjiang is a highly concentrated region of bitcoin miners and bitcoin...
Hong Kong to Connect Digital Yuan With Domestic Payments System in Cross-Border Trials
9.6.2021
Financial authorities in Hong Kong have announced a second phase of trials for mainland China’s digital currency. As part of the upcoming tests, the city will link the Chinese digital yuan to its domestic payments system to evaluate the CBDC’s usability in cross-border scenarios. Hong...
Chinese search engines block results for top crypto exchanges
9.6.2021
Typing in the keywords for crypto exchanges Binance, OKEx and Huobi on Chinese search engines is currently pulling up no results
Rainy Season Will Test Just How Watertight China’s Bitcoin Mining Ban Is
8.6.2021
Some Chinese provinces appear to be cagey about whether they will ban crypto miners from operating during the country’s rainy season – a time of the year when rivers swell and hydropower stations typically produce high quantities of surplus electricity.
Per reports from the 21st Century Business...
A Brief History on China’s Bitcoin Ban
8.6.2021
What’s happening right now with Bitcoin in China? It’s important because, as one of the world’s largest superpowers, China has the capability to move markets in particular ways. It’s also home to the majority of Bitcoin mining activity, which is essential for this emerging...
While China’s Bitcoin Miners Flock to Central Asia Canaan Sets up ASIC Mining Rig Service in Kazakhstan
7.6.2021
On Monday, the application-specific integrated circuit (ASIC) manufacturer Canaan Inc. announced the company has established an overseas after-sales center in Kazakhstan. According to Canaan, the service center will provide local customers with after-sales services like machine testing, warranty...
Chinese government agency issues blockchain development roadmap
7.6.2021
China’s “blockchain not crypto” stance continues as one government agency publishes guidelines to accelerate the adoption of tokenless blockchain solutions
Chinese social media giant Weibo reportedly bans crypto-related accounts
7.6.2021
The government doesn’t want a Chinese version of Elon Musk, an expert said
Weibo Cracks Down Crypto Related Accounts as China Strengthens Its Anti Crypto Stance
7.6.2021
Sina Weibo, the Chinese equivalent of Twitter, banned the accounts of several key cryptocurrency and defi influencers in the country yesterday, according to reports from local sources. This might be a continuation of the anti-crypto stance the Chinese state has been exerting since 2013, and more...
Shanghai to Hand Out $3 Million in Digital Yuan Lottery
6.6.2021
As part of government efforts to get the digital yuan going, authorities in Shanghai will distribute $3 million worth of the central bank-issued currency among residents of Shanghai. The digital money will be dispersed through a lottery, a method that has already been implemented elsewhere...
Amundi Executive Pascal Blanque Calls Cryptocurrencies a Farce
5.6.2021
Pascal Blanque, CIO of Amundi, one of the biggest asset managers in Europe, has stated that bitcoin and other cryptocurrencies are a farce, exposing its skeptical stance on the real value of cryptocurrencies. The investor stated that crypto assets are an expression of markets making bubbles...
Southern China warns investors against illegal token platforms
3.6.2021
China’s southern Hainan province is the latest to warn investors against crypto-based fundraising schemes
Beijing to Disperse $6 Million in Digital Yuan in a Red Envelope Lottery
3.6.2021
China’s central bank digital currency (CBDC) continues to gain further ground as the Beijing Local Financial Supervision and Administration Bureau revealed 40 million worth of the country’s digital yuan ($6.3 million) will be distributed to Chinese citizens. Beijing and China’s...
Canaan Expects $250M Revenue in Q2 — Yields and Mining Rig Deliveries to ‘Increase Substantially’
2.6.2021
The mining rig manufacturer Canaan saw steady profits during the Q1 after reporting its unaudited first quarter 2021 financial results on Tuesday. Canaan noted that it expects to at least sustain current profits or rise above to roughly $150 to $250 million in revenue for Q2. Canaan Expects $250M...
China to hand out $6.2M in new digital yuan trial in Beijing
2.6.2021
Beijing residents should apply to participate in the lottery until midnight on June 7
Nasdaq listed Bitcoin miners urge China to open doors to green mining
2.6.2021
The CEO of Canaan Inc called for a less indiscriminate mining ban in China