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South Korean Merchants ‘May Accept Digital Yuan from Chinese Tourists’
10.6.2020
Countries with a large influx of Chinese tourists could be among the first outside the Middle Kingdom to accept the forthcoming digital yuan, claims a South Korean report – although it comes with warnings of “Big Brother’s” creeping influence over Chinese finance.
Per South Korean news agency...
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...
Chinese Company Launches Blockchain-powered Lottery in Cambodia
9.6.2020
Chinese news agencies are reporting that the Fujian-based Hongbo has launched blockchain-powered lottery tickets in Cambodia – with its operator claiming its product is “the world’s first paper-based blockchain-powered lottery.”
Hongbo is a commercial printing company and long-term lottery...
Chinese Bank Issues Commercial Paper Worth $16.9 Billion on Blockchain
8.6.2020
A Chinese commercial bank issued China’s first asset-backed commercial paper worth $16.93 billion on a blockchain
Chinese Police Freezing OTC Traders’ Bank Accounts Over ‘Tainted’ Crypto Transactions
8.6.2020
Thousands of cryptocurrency over-the-counter merchants and their clients may have been affected as police in China freeze bank accounts over tainted crypto and fiat assets
This Chinese City Is Launching a Blockchain Notary Program
7.6.2020
Suzhou wants to implement a blockchain-based pilot program to use real-time notarial tracing functions across the country
VeChain Bolsters Traceability of Chinese Pork Products
6.6.2020
Blockchain-based supply chain solutions proliferate, as VeChain establishes partnerships with fresh meat suppliers
Former Chinese Central Bank Exec Praises "Commercial Success" of Bitcoin
6.6.2020
Wu Xiaoling highlighted the benefits of the Bitcoin network and highlighted some of the weaknesses it faces nowadays
Ex-Chinese Central Bank Executive Talks of Bitcoin’s ‘Commercial Success’
5.6.2020
The former vice president of People’s Bank of China (PBoC) has spoken out about Bitcoin (BTC), calling it the most successful commercial application of blockchain technology yet – but claiming it also has crucial weaknesses.
Per Sina, Wu Xiaoling, who served as the vice president of the PBoC...
Chinese Government Crackdowns and Cheap Hydropower- Miners Migrate from North to South China
4.6.2020
China-based bitcoin miners have started to migrate southbound from North China, according to local reports. The operators are having difficulties and are transitioning mining facilities for cheap hydro-powered electricity. Testimonials also show that 64 mining operations in the prefecture in Yunnan...
Chinese Police Find Secret Bitcoin Mining Operation in Suspected Tombs
3.6.2020
Chinese law enforcement discovered an illegal Bitcoin mining operation in what appeared to be multiple underground burial sites
Chinese Chip Maker With a Hand in Crypto Mining Plans $2.8B IPO
2.6.2020
Hong Kong-listed SMIC plans to raise $2.8 billion via an initial public offering on the Shanghai Stock Exchange, in hopes of advancing its chip making practices. The company is working with Canaan Creative to build a new crypto miner
China Passes Law Protecting Cryptocurrency Inheritance
30.5.2020
China has passed the country’s long-awaited civil code which expands the scope of inheritance rights to include cryptocurrency, such as bitcoin. Inherited cryptocurrencies will be protected under the new law. Meanwhile, several Chinese courts have recently ruled that bitcoin and ethereum...
Alibaba Signs Blockchain-Related Deal With Chinese Port Operator
30.5.2020
The biggest port operator in China joined the e-commerce giant and Ant Financial to strengthen blockchain’s adoption across the port industry
Chinese Citizens Are Now Able to Inherit Cryptocurrency
28.5.2020
China’s new civil code will include cryptocurrency such as Bitcoin to be part of the legal inheritance
Bitmain Cofounder Allegedly Expelled – Could Face Litigation for Operation Interference
27.5.2020
One of the largest ASIC mining manufacturers worldwide, Bitmain, has allegedly ousted cofounder Micree Zhan. Regional reports note that he’s been threatened with litigation if he interferes with company operations. According to two local announcements written in Chinese, Bitmain has warned...
Canaan Narrows Q1 Loss to $5.6 Million Amid Weakening Demand for Mining Hardware
23.5.2020
Bitcoin mining rig manufacturer Canaan Creative reported a net loss of $5.6 million for the first quarter of 2020, down from $9.5 million a year earlier. The Chinese company cut prices of its ASIC-based machines by over 50% in an effort to improve sales, but that wasn’t enough to prevent...
Bitcoin Hashrate Slides 33% Since Halving – Difficulty Drops, Issues in Sichuan China
22.5.2020
It’s been 11 days since the third bitcoin block reward halving. Data now shows that the overall SHA256 hashrate lost around 47 exahash per second (EH/s), since the all-time high of 140 EH/s on May 3. With more than 33% of the hashrate lost, reports stemming from Sichuan China indicate that...
Token Impersonates Chinese Digital Yuan as Official Launch Date Remains Unknown
22.5.2020
Third-party actors step in to impersonate the digital yuan officials, hoping to attract gullible investors
Several Chinese Media Outlets Setup a "Blockchain-Powered News" Department
21.5.2020
The alliance looks forward to establishing a blockchain-backed news department that supports its media distribution