Tag: china

Apr 11 2021

Beosin CMO Did Not Liquidate Police-seized Bitcoin Says Firm

Reading Time: 2 minutes Beosin CMO Gao Ziyang did not misappropriate $45 million worth of police-seized bitcoin, according to the company News reports alleged that Gao had traded the fortune on OKEx when he was supposed to be disposing of it on behalf of the authorities...

Apr 10 2021

wNews: Bitcoin “Threatens” the Dollar, Says Peter Thiel

Apr 10 2021 Published at Crypto Briefing under tags  aave analysis china layer 2 matic

This week's wNews digs into Peter Thiel's recent...

Biggest Blockchain Patent Holder Alibaba Faces $2.8B Fine Amid Growing Fallout With Gov

Alibaba, the largest e-commerce company in China and the biggest blockchain patent holder was fined $2.8 billion for anti-trust activities by the Chinese government. The fine was imposed after the market monopoly investigation which indicated that Alibaba was punishing retailers for selling the same goods on other platforms. Alibaba is believed to be one of The post Biggest Blockchain Patent Holder Alibaba Faces...

Apr 08 2021

Chinese Government Could Act on Coal-powered Bitcoin Mining

Reading Time: 2 minutes The Chinese government could take action against coal- powered Bitcoin mining farms A recent report claimed that Bitcoin mining operations could undermine the country’s new carbon footprint targets Some areas have already started taking action...

Apr 06 2021

Bank of Japan Set to Begin Experimenting with CBDC

Earlier today, the Bank of Japan (BOJ) announced that it began experimenting with the possibility of issuing its own central-bank digital currency (CBDC). The central bank first entertained the idea of a CBDC back in February. Now, the decision to ramp up their timeline coincides with other nations making strides in creating their own digital currency. China recently laid out its...

Mar 26 2021

China Sets the Stage for Central Bank Digital Currencies, Proposing Global Rules for Nations

China recently proposed a set of global guidelines on central bank digital currencies (CBDC) earlier this Thursday, discussing potential uses and implications of a sovereign digital currency. With the coronavirus pandemic exposing inefficiencies in traditional payment systems, there has been a growing need to digitize legacy financial infrastructure. With the threat of cryptos toppling fiat’s power also looming closer, central...

Mar 25 2021

China Offers Global Regulatory Guidelines For CBDC

Mar 25 2021 Published at Coingape under tags  cbdc cbdc regulations china digital yuan news

China has proposed a set of global guidelines on Central Bank Digital...

Mar 22 2021

China’s Digital Currency Project Head Says, “Anonymity Is Not Feasible”

Mar 22 2021 Published at Crypto Briefing under tags  cbdc china digital currency education

The head of China's central bank digital currency (CBDC) research said in a business convention that complete anonymity is impossible. China Firm on "Controllable" Privacy of CBDC Mu Changchun, the Chinese head of the Digital Currency Institute, said that they would follow the policy...

Mar 09 2021

Controversial Games Put Binance Smart Chain to the Test

A series of projects on the Binance Smart Chain inspired by violent incidents in Chinese and American history are testing the platform's decentralization limits. Tiananmen Square Immortalized on Binance Smart Chain An anonymous...

Mar 08 2021

Meitu Becomes First Listed Chinese Company to Buy Crypto

Reading Time: 2 minutes Meitu, a Chinese company that owns a hugely popular beautifying app, has bought tens of millions of dollars worth of cryptocurrency Meitu announced yesterday that it had bought BTC and ETH as a hedge in a “diversification” measure It is the first...

Meitu Purchases $40 Million Worth of Bitcoin and Ethereum

The Honk Kong-listed software company bought 15,000 Ethereum and 379 Bitcoin.

Mar 01 2021

China’s Inner Mongolian Region Propose to End Bitcoin Mining by April to Meet Carbon Emission Goals

The Mongolian province of China has proposed a new regulation to ban Bitcoin & crypto mining along with steel, coke, and methanol production...

Feb 23 2021

China, UAE’s Central Bank Take on SWIFT With Global CBDC Payment Network

Feb 23 2021 Published at Crypto Briefing under tags  business cbdc china

China and the UAE's central bank have joined a cross-border payment network called the "multiple CBDC (m-CBDC) bridge." Powering Cross-Border CBDC Payments The Digital Currency Institute (DCI) of the People's Bank of China (PBC) and the Central Bank of the United Arab Emirates (CBUAE) have joined m-CBDC, a payment...

Chinese Central Bank, Others to Test CBDC-Based Cross-Border Payments

It is not clear if the central bank consortium will use digital yuan for settlement.

Feb 18 2021

Chinese Retailer Goes From Bubble Tea to Crypto Mining in Unlikely Pivot

Feb 18 2021 Published at CoinDesk under tags  business china mining news

Urban Tea has hired two new executives ahead of its expansion into cryptocurrency mining.

US Lawmakers Looking Into China’s Role in GameStop Pump: Report

Some Republican members of the House Financial Services Committee want to look into Reddit’s ties to Chinese tech conglomerate Tencent and Robinhood rival Moomoo.

Feb 16 2021

China’s 500.com Expands Crypto Presence with the Acquisition of BTC.com

The company has entered into a shares exchange agreement with Blockchain Alliance Technologies.

Feb 11 2021

Crypto Mining Farm Spotted Using High-End Gaming Laptops: Report

Feb 11 2021 Published at CoinDesk under tags  business china gaming gpus mining

Images have surfaced on Twitter reportedly showing a crypto-mining operation using laptops fitted with high-end Nvidia RTX 30-series graphics cards.

Feb 10 2021

Feb 09 2021

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