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Chinese Tech Group Behind TikTok Looks to Enter Finance
16.6.2020
Chinese multinational tech group ByteDance is seeking a virtual banking license in Singapore as a means of entering digital finance
5 Chinese Banks Say Legal Crypto Traders’ Accounts Will Not Be Frozen as Police Widen Crackdown
15.6.2020
Following reports that Chinese authorities are freezing bank accounts of cryptocurrency traders, five banks have reportedly clarified their policies. They confirmed that accounts with legal crypto transactions will not be frozen. However, some people claim that their accounts have been frozen...
Crypto-related Banking Freezes in Brazil, China + More News
15.6.2020
Source: Adobe/kirill_makarov
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.
Banking news
A major Brazilian bank has closed the accounts of at least five companies that deal with...
China Could Roll Out Its CBDC Without Anyone Realizing
15.6.2020
Ledger’s Glen Woo believes that China’s central bank digital currency could be deployed using existing payment rails without citizens noticing the change
Chinese Companies to Bet Big on Blockchain Despite COVID-19 Crisis
14.6.2020
350 Chinese companies surveyed still believe in the higher potential that blockchain technology could offer to their businesses
Chinese Banks Says They Will Not Freeze Legal Crypto Accounts
14.6.2020
Chinese banks are clarifying that they are not shutting down any legal crypto accounts
Bitmain’s Cofounder Accused of Hindering Next-Gen Bitcoin Mining Rig Shipments
14.6.2020
On June 11, 2020, regional reports disclosed that the cofounder of Bitmain, Micree Zhan, is still battling with Jihan Wu in an ongoing feud. The quarrel is allegedly causing shipment problems for customers, as reports note that Zhan is prohibiting deliveries stemming from the company’s...
China’s Government Fuels Stablecoin Economy: Hong Kong Protesters, Singapore and Mainland Residents Flee Capital Controls
13.6.2020
A recent study published by Amun researcher, Eliézer Ndinga, shows that USD-pegged stablecoins are being leveraged in Hong Kong as “vehicles for capital control flight.” The report shows how individuals from mainland China, Singapore, and Hong Kong are moving their capital out...
Blockchain Firm Pitches CBDC Operating System to Bank of England
12.6.2020
As the monetary impacts of the coronavirus drive discussions surrounding central bank digital currencies, a U.K. blockchain firm has proposed a CDBD system to the Bank of England
Bitmain’s Power Struggle Takes Toll on Customers as Co-Founder Halts Shipments
11.6.2020
Like the employees forced to choose sides, Bitmain customers have been caught in the middle of the power struggle at the No.1 bitcoin miner manufacturer
United States Sets New Record for P2P Bitcoin Trading
11.6.2020
Peer-to-peer Bitcoin trading in the United States has surged to post its strongest weekly volume on record, with almost $29 million trading on Localbitcoins and Paxful
Chinese Stakeholders Don’t Want to Share Their Personal Data With Government Run Blockchains
10.6.2020
Chinese local governments hit a bump in the road with implementing blockchain applications because stakeholders don’t want to share their data
South Korean Merchants Open to Accepting Digital Yuan
10.6.2020
An article published by Yonhap suggests that South Korean merchants are open to accepting digital yuan as a payment method in the near future
Bitcoin News Roundup for June 10, 2020
10.6.2020
As Chinese students prepare for bitcoin questions on their university entrance exams, some analysts say BTC is near the start of a multi-month bull run
A Number of Small Bitcoin Mining Farms Are Quitting as Older Mining Rigs Become Worthless
10.6.2020
Bitcoin mining has changed a great deal since the block reward halving on May 11, 2020, and the overall SHA256 hashrate has been between 100-120 exahash per second (EH/s) during the last 48 hours. Reports from China show that a number of small mining operations are struggling and older bitcoin...
Binance Reportedly Trades Crypto in China Despite Ban, Says It Runs 'Test Site'
10.6.2020
Binance is said to be operating a mysterious domain for Chinese traders
4,000 Chinese Bank Accounts Reportedly Frozen Due to Crypto Connections
10.6.2020
About 4,000 Chinese bank accounts of over-the-counter cryptocurrency traders were allegedly frozen by law enforcement
Bitmain Struggle Continues as Ousted CEO Reportedly Halts ASIC Deliveries
10.6.2020
Bitmain’s operations in Shenzhen are reportedly being disrupted as Micree Zhan forbade shipment of mining devices following his recent takeover of the Beijing office
What the Stock Market’s ‘Robinhood Rally’ Means for Bitcoin
9.6.2020
The largest 50-day rally in stock market history and even shares of bankrupt companies are up more than 100%. What is going on?
Chinese Authority Freezes Thousands of Cryptocurrency Traders’ Bank Accounts
9.6.2020
Several thousands of bank accounts belonging to cryptocurrency traders have reportedly been frozen by Chinese police as a result of an extensive crackdown on illicit activities. Frozen accounts are not necessarily involved in wrongdoing and can be unfrozen if the authority finds no evidence...