China’s own MicroStrategy, Meitu spends another $50 million in Ethereum and Bitcoin
Meitu, a Chinese investment firm, has spent another $50 million in ETh and BTC, raising its total assets to $90 million. Meitu, a Chinese software...
China’s 5-year reform plan Includes Blockchain Technology among other things
China has for the first time formulated a blockchain strategy in its 5-year reform plan, while still adopting advanced frameworks. Blockchain infrastructure has become an...
18 Chinese nationals detained Turkish authorities for crypto related scam
Though the cryptocurrency industry has seen a revived rebound, ecosystem crime continues to persist. In order to take advantage of the rallying demand and the...
China bans crypto mining in the heart of Mongolia
China has been at the forefront of creating the digital yuan or DECP [Digital Currency Electronic Payment], but has stayed at a distance from the...
Why China’s CBDC isn’t about beating the dollar; it’s about dominating the domestic economy.
If you look at the evidence on the ground, the notion of China rushing to launch a CBDC that will end U.S. monetary dominance doesn't...
China is recruiting Tencent and Ant-backed banks for a digital yuan trial
China has taken another leap in developing its Digital Currency Electronic Payments [DECP]. On Monday, reports noted that Ant-backed MYbank will join the digital yuan...
China pushes digital yuan adoption, issues 10M more to increase utilization
China has made enormous strides in terms of its digital yuan and has been testing its use on a much larger scale. The Digital Currency...
China’s Poolin buys North American mining pool NovaBlock
China-based Poolin, the second largest mining pool in Bitcoin, has purchased the North American mining pool NovaBlock. According to a public statement addressed to its...
Why Bitcoin selling blamed on Chinese New Year
Historically, the Chinese Lunar New Year or Spring Festival has had an impact on the Bitcoin market. Very commonly, the values of the commodity dip...
Why China’s yuan adoption overseas remains sluggish despite CBDC’s effort
Despite the rapid advance of the digital yuan, China's progress in internationalizing its currency has stalled in recent months. According to the data published by...
Chinese cities are starting to support digital yuan through festive lotteries.
The city of Shenzhen has launched the third round of its central bank digital currency pilot in the form of a promotional lottery scheme offering...
Jack Ma Alibaba’s founder reappears in a 50-second frame.
A representative for the Jack Ma Foundation confirmed to reporters that the businessman had “participated in the online ceremony of the annual Rural Teacher initiative...
China is making pace with the release of CBDC, testing infrastructure prior to adoption
The yuan is not considered to be a major currency. Could the digitization change that? China is breaking new ground in and beyond the Shenzhen...
Government Agricultural Bank of China Opens the First Digital Yuan ATM
The Agricultural Bank of China (ABC), one of China's "big four" banks, is launching a pilot programme to enable the first digital Yuan ATMs. The...
China Coin No More: Bitcoin Mining Shifting to Sweden and Norway
Nordic Bitcoin miners are thriving amid the ongoing bull run The Bitcoin mining market in the middle of a major shift that barely anyone talks...
Chinese State Media Acknowledges Bitcoin’s “Outshining” of Gold, Bull Run Coming?
In an interesting development, the Chinese state-run media CCTV has publicly acknowledged Bitcoin’s “outshining” of Gold. Well, this has led to a renewed optimism about...
China: Nearly 20,000 transactions via digital yuan on JD.com in Suzhou city
At 8 PM Beijing time on Friday, more than $3 million dollars in digital yuan was airdropped to 10 thousand residents of Suzhou. The lucky...
China Airdrops Digital Yuan Worth $3 Million — 10,000 Stores Will Accept It
Twenty million yuan ($3 million) in China’s central bank digital currency will be given away to 100,000 people in the country’s largest test of the...
Hong Kong in Talks With PBOC on Digital Yuan Trial for Cross-Border Payments
(Lee Yiu Tung/Shutterstock) Hong Kong Monetary Authority (HKMA), the city’s central banking institution, said it is working with the People’s Bank of China (PBOC) to...
Is “Digital Yuan” China’s Weapon to Rule Global Markets?
The advent of cryptocurrencies like Bitcoin as a mainstream investment market and a reliable payment gateway has forced governments around the globe to take...
Though centralized, a digital yuan is too big for China to surveil, says Cypherium CEO
Despite ambitions of overtaking the dollar, China's central bank will have a hard time monitoring all the transactions involved in a CBDC, though commercial banks...
Chinese Authorities Seize Laundered Funds from PlusToken
One of the most prominent scams in the history of the crypto space is the PlusToken scam. However, when it comes to crackdowns, authorities seem...
Chinese Tech Group Behind TikTok Looks to Enter Finance
Chinese multinational tech group ByteDance is seeking a virtual banking license in Singapore as a means of entering digital finance. ByteDance, the Beijing-based multinational tech...
Bitcoin Miner Maker Canaan’s Stock Hits Record Low 1 Month After Halving
Chinese crypto mining machine maker Canaan saw its stock price closed at $1.98 per share, the first time since its initial public offering at a...
Zoom Aids China’s Government in Censoring Specific Content
During the COVID-19 pandemic, virtually the entire world has turned to online communication tools and software. Zoom is by far the most popular offering on...
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