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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...
Chinese Bitcoin Miners Develop Strong Relationships and Crypto Mining Facilities in Iran
14.8.2020
During the last few months, crypto proponents have focused their attention on Iran. The Iranian President Hassan Rouhani initiated a new mining strategy last May, and the government-licensed 14 bitcoin mining farms in July. According to the Chinese mining operation Lubian, it claims to operate...
Why Chinese Miners Won’t Stage a 51% Attack on Bitcoin
12.8.2020
Jameson Lopp explains why attacks on Bitcoin won’t work and that he expects China’s mining dominance won’t last
Chinese Province Says It Will Nurture 20 Blockchain Companies by 2022
11.8.2020
Farmers in Hebei Province, China. Hebei Province, China, has embarked on an ambitious three-year blockchain development plan – and has pledged to foster 20 “leading” blockchain firms by 2022.
Per Shanghai Securities News, the plans were unveiled by the IT arm of the Hebei Communist Party of China...
Nasdaq-Listed Company Sued for Backing $2 Billion Loans With 83 Tons of Fake Gold
9.8.2020
The Nasdaq-listed company that allegedly used 83 tons of fake gold bars as collateral to secure loans worth about $2 billion from multiple financial institutions in China is now in default and facing several class-action lawsuits. $2 Billion Fake Gold Scheme Unravels The gold industry was recently...
Viabtc Founder Reveals BCH Fork Idea Called Bitcoin Cat
9.8.2020
During the last few days, discussions concerning the Bitcoin Cash Difficulty Adjustment Algorithm (DAA) has become a polarizing debate. In the midst of all the quarreling, Viabtc’s founder Haipo Yang has announced a new fork of BCH called Bitcoin Cat. News.Bitcoin.com recently reported on...
Chinese State Grid Launches Blockchain-Based Blackout Insurance Policy
8.8.2020
Zhejiang province issued its first blackout insurance policy backed by a blockchain platform
Chinese Schools Can’t Keep Up With Demand for Blockchain
7.8.2020
The Chinese academic sector is “seriously lagging” in terms of keeping up with demand for blockchain specialists
Chinese Banks Set to Adopt Blockchain-powered Forfaiting Platform
7.8.2020
The China National Clearing Center (CNCC), the Chinese central bank's settlements and clearing arm, is set to work with three major banks to foster a blockchain-powered forfaiting trading platform – aimed at boosting the efficiency of export financing.
Per Sina, the CNCC has sealed a deal that also...
Flooding Threatens China’s Bitcoin Miners, Chinese Billionaire Says ‘Three Gorges Dam Collapse Imminent’
5.8.2020
This week cryptocurrency enthusiasts are still focused on the severe flooding in China during the 2020 monsoon season. The flooding has already displaced millions of Chinese citizens and skeptics are concerned about the vast number of bitcoin miners located in the Sichuan province. The landlocked...
Chinese Ex-Banker Says Digital Currency Should Replace Fiat Money
4.8.2020
A former vice president of the Bank of China has argued that digital currency should replace fiat in the nation's financial systems
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...
Major Chinese Banks Bar Customers From Buying Gold, Precious Metals
1.8.2020
Major Chinese banks have taken measures to prevent customers from buying gold, platinum, palladium, and other precious metal-related products through them. The Shanghai Gold Exchange also says it may take necessary measures to curb gold trading to “protect investors.” Chinese Banks...
Chinese Police Take Down $6 Billion Plustoken Ponzi, Arrest 109 People
31.7.2020
Chinese authorities have reportedly arrested 109 people in connection with the Plustoken Ponzi scheme. Twenty-seven of them are allegedly the scheme’s masterminds and 82 are key members. The Plustoken scammers have swindled funds worth about $5.7 billion from more than 2 million investors....
Chinese Arbitration Body Says Crypto Crackdown ‘Isn’t a Bitcoin Ban’
31.7.2020
Beijing’s local arbiter has attempted to clarify the government’s stance on bitcoin (BTC) – and stated that the world’s most notorious crypto ban is not exactly a “ban” per se.
In an unprecedented move from a Chinese legal body, the Beijing Arbitration Commission (BJAC) – one of nine local legal...
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...