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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
Chinese Government Advisers Propose Regional Stablecoin for 4 Asian Countries
21.5.2020
The stablecoin would help facilitate trade among four Asian countries, which is key to economic recovery in the region after coronavirus, proponents said
Chinese Police Arrest 12 Fake ‘Huobi Officials’
21.5.2020
Chinese authorities have busted a group of scammers allegedly claiming to be “Huobi officials”
Chinese Communist Party Wants Members to Learn about Bitcoin + More News
20.5.2020
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.
Adoption news
The Chinese communist party has published a new book about digital currencies designed to educate party members...
Chinese Communist Party Adds Crypto to Curriculum
20.5.2020
Chinese Communist Party school publishes a new book on crypto
CZ on Binance’s New Chinese Domain: ‘Let’s Focus on Tech First’
19.5.2020
Binance’s new Chinese website gets an approval from the China’s Ministry of Industry and Information Technology
Nasdaq to Reportedly Tighten IPO Rules for Chinese Firms, Crypto Potentially Affected
19.5.2020
Some Chinese companies could be left out of the world’s second-largest stock exchange as a result of proposed changes — and crypto is no exception
Bitcoin Cannot Be Protected By Chinese Law, Local Court Rules
13.5.2020
A court in Fujian province has dismissed a lawsuit filed against a ‘Bitcoin club’, arguing that it does not fall under its jurisdiction
Chinese Central Bank Calls for Yet More Blockchain Adoption
13.5.2020
The Chinese central bank’s technology leads have called for more blockchain adoption in the bank’s own operations and the wider, government-owned financial sector.
Per Sina, the People's Bank of China (PBoC)’s Financial Technology Committee held its first meeting of the year this week, with...
New Cryptic Chinese Operation Instantly Becomes Sixth-Largest BTC Mining Pool
12.5.2020
A new Chinese mining pool swiftly takes 5% of the Bitcoin mining pie, while its origins remain unknown
Shanghai PBoC Warns Chinese Public Against Blockchain Investment Schemes
12.5.2020
A social media account for the People’s Bank of China is warning citizens against illegal fundraising schemes that involve virtual currencies and blockchain