Tag: china

Jan 19 2021

Conflux Receives $5M Investment Fund From Shanghai Government

The People's Republic of China (PRC), though not a fan of cryptocurrencies, has shown major interest in its underlying technology - blockchain. In line with this, the government of one of China's major mainland cities, Shanghai, has invested $5 million in Conflux. Conflux is a Beijing-based blockchain startup company. The funding makes Conflux the first-ever public blockchain platform to be supported by the...

Jan 17 2021

China’s Blockchain-Based Service Network to Integrate Central Bank Digital Currency

Jan 17 2021 Published at CoinDesk under tags  bsn cbdc china news tech

The BSN expects to complete integrations with a total of 30 public blockchains this year.

Jan 14 2021

Some Asian Traders Are Using Polkadot to Predict Bitcoin’s Future

Jan 14 2021 Published at CoinDesk under tags  bitcoin bitcoin price bull market china defi

DOT reached its all-time high of $13.22 just six days after bitcoin’s price reached a new all-time high.

Jan 13 2021

Bull Run Boosts Hashrate Token Craze, Binance Hashcoin [BTCST] And Poolin Tokens Selling at Inflated Rates

Jan 13 2021 Published at Coingape under tags  bitcoin bitcoin news btcbrl btcbusd btcdai

The mining gold rush has also led to the creation of mining hashpower pegged hashrate tokens launched by Binance and mining farm operator Poolin. Bitcoin's race to $42,000 record price has led to a mining gold rush to profit the most...

Chinese Hospital Issues First Electronic Bill on Blockchain

Hainan is one of the few provinces that have successfully incorporated blockchain technology into their public institutions’ online administrative platforms.

Jan 12 2021

CEX, Lies and Videotape: Binance Accuses Rivals of Fighting Dirty

Jan 12 2021 Published at CoinDesk under tags  binance bitcoin centralized exchanges cex china

A bogus video on Chinese social media has intensified a long-standing feud involving Binance, Huobi and OKEx.

Is China Poised to Nationalize Alibaba?

Jan 12 2021 Published at CoinDesk under tags  alibaba cbdcs china global the breakdown

The International Business Times reports China might nationalize Alibaba. Here’s what that has to do with China’s digital currency efforts.

Shanghai Government Invests $5M in Blockchain Startup Conflux

The Shanghai government has invested over $5M in public permissionless blockchain startup Conflux while putting the project in the list of 57 companies that focus on emerging technologies such as 5G and aerospace.

Babel Finance Is Letting Crypto Mining Firms Use Machines as Loan Collateral

Jan 12 2021 Published at CoinDesk under tags  babel finance business china lending mining

A clever way for bitcoin miners to get better loan terms.

Jan 11 2021

US-Listed Chinese Lottery Firm Plans $14.4M Move Into Bitcoin Mining

Jan 11 2021 Published at CoinDesk under tags  500.com bitcoin mining business china news

Shares of the company traded up 11% on the news of the deal to purchase miners later this year.

Chinese Bank Trials Digital Yuan Services at ATMs: Report

Jan 11 2021 Published at CoinDesk under tags  atms china digital yuan news policy & regulation

Trials of China's central bank digital currency continue, with ATMs now starting to be used in Shenzhen.

Jan 06 2021

Trump Signs Order to Ban Ma’s Alipay, Other Chinese Apps

Jan 06 2021 Published at CoinDesk under tags  alipay cbdc china news regulation

U.S. President Donald Trump signed an executive order on Tuesday banning the Alipay payment platform and seven other apps with links to the Chinese, saying the apps can access private information from their users. Separately, U.S. officials are considering banning U.S. citizens from investing in Alibaba Group, an affiliate of Alipay's parent, and Tencent Holdings, […]

Google Cloud Seeks Blockchain Expert for China Division

Google Cloud is hiring a manager for its team to sell enterprise accounts to C-level executives.

Jan 05 2021

Former Canaan Directors to Guide Chinese Gaming Firm’s Pivot to Crypto Mining

Jan 05 2021 Published at CoinDesk under tags  business canaan china coinflash crypto mining

Former directors of Canaan Inc. are investing in the Shanghai firm and will help launch its new mining subsidiary.

Digital Yuan to Get Second Real World Trial in Shenzhen

Reading Time: 2 minutes Residents in Shenzhen, China will have another chance to participate in a digital yuan trial The government is airdropping 20 million yuan ($3 million) between 100,000 residents for a second real world test This second test is a follow up to the...

Jan 04 2021

Shenzhen Announces 20 Million Digital Yuan Giveaway

The Chinese city announced to give 100,000 packets via a lottery, each worth 200 digital yuan.

Jan 01 2021

China’s Cryptocurrency Mining Dominance in Danger

Crypto mining companies are leaving China for Nordic countries to take advantage of a plunge in electricity prices.

Dec 28 2020

OKCoin to Suspend XRP Trading and Deposits on January 4

Dec 28 2020 Published at CoinDesk under tags  china okcoin policy & regulation ripple trading

OKCoin said it will suspend XRP trading and deposits on its crypto exchange, effective on January 4, 2021, according to its statement on Monday afternoon. The exchange specified two key dates along the suspension timeline. "At 3 a.m. UTC time on January 4, the exchange's users who have borrowed from the XRP/USD margin pair (incl. […]

The Rise of the Bitcoin Class

Dec 28 2020 Published at CoinDesk under tags  bitcoin china opinion people year in review 2020

How a VC working in China finally convinced her Dad to buy into Bitcoin. The winning argument: Protection against government seizure.

Dec 22 2020

How ‘CBDC’ Became the Financial Watchword of 2020

Reading Time: 2 minutes The term ‘CBDC’ was largely unknown before 2020, but that is no longer the case Governments across the world have been investigating the concept this year, with some even implementing them Facebook’s Libra token and the coronavirus have propelled...

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