Tag: China
All news related to the Asian giant.
China’s “Instagram” chooses Conflux Network for permissionless blockchain integration
Reading Time: 2 minutes Toronto, Canada, 24th January, 2023, Chainwire Little Red Book, (XiaohongShu), the Chinese version of Instagram integrates Conflux Network as permissionless blockchain allowing users to showcase NFTs minted on Conflux on […]
China Will Launch a Regulated Non-fungible Token Marketplace in 2023
Reading Time: < 1 minute China has plans to launch a state-backed trading platform for non-fungible tokens (NFTs) next year.
1,000 Web3-focused Startups Will Receive Support to Open Businesses in Hong Kong
Reading Time: < 1 minute The G-Rocket accelerator has announced it plans to support about 1,000 Web3 startups open businesses in Hong Kong over the next three years.
63 Suspects of Laundering $1.7B Through USDT Are Arrested in China
Reading Time: < 1 minute The Chinese authorities have arrested 63 people in a massive operation for reportedly laundering $1.7 billion using Tether’s USDT.
Two Chinese Spies Are Accused of Using BTC to Bribe a US Civil Servant
Reading Time: < 1 minute Two Chinese intelligence officers in absentia have been charged with bribing a government official to obstruct justice.
China Plans to Expand Digital Yuan Testing to Four Provinces
Reading Time: < 1 minute The deputy governor of the Central Bank of China has said that the Chinese provinces of Sichuan, Hebei, Jiangsu and Guangdong will start testing the digital yuan.
Filecoin Project RRMine to Move to Singapore
Reading Time: < 1 minute The largest Chinese service provider on the Filecoin network is moving its business to Singapore.
Changpeng Zhao Denies Binance is Connected with Chinese Authorities
Reading Time: < 1 minute Changpeng Zhao, CEO of crypto exchange Binance, has revealed the details of the creation and development of the exchange.
The Co-founder of Chinese Blockchain BSN Says Bitcoin is a Ponzi Scheme
Reading Time: < 1 minute He Yifan, CEO of Red Date Technology and co-founder of BSN, has said that unregulated cryptocurrencies, including Bitcoin, are “the biggest Ponzi scheme in human history.”
Chinese Court Recognizes Bitcoin as an Asset Protected by the Law
Reading Time: < 1 minute The Shanghai District Court has ruled in favor of a Bitcoin owner and awarded him a compensation.
China Internet Giants Revise Their Policy Regarding NFT Platforms
Reading Time: < 1 minute Ant Group and Tencent-owned NFT marketplaces have updated their user agreements due to fears of government reprisals and a lack of regulatory clarity.
Bit Digital Returns 39% of Mining Devices Back to Network After Moving From China
Reading Time: < 1 minute The Nasdaq-listed mining company has deployed 39.2% of cryptocurrency mining rigs in North America a few months after leaving China.
China Tights Punishments for Crypto Fundraising
Reading Time: < 1 minute The Supreme People’s Court of the People’s Republic of China has recently amended the legal norms on illegal attraction of funds, toughening criminal liability.
Changpeng Zhao Calls China’s Crypto Market Speculative
Reading Time: < 1 minute China has a quite speculative cryptocurrency market, where there are many novice traders with insufficient knowledge.
Central Bank of China to Develop a System for Tracking Crypto Transactions
Reading Time: < 1 minute The director of the Anti-Money Laundering Monitoring and Analysis Center of the People’s Bank of China has called for the creation of a cryptocurrency transaction tracking system to strengthen the regulation in the country.
Chinese Investors Use Cryptos to Purchase Real Estate in Japan
Reading Time: < 1 minute The Tokyo Internal Revenue Service has found out that Chinese investors purchased ¥27 billion ($237 million) worth of real estate in Japan using cryptos.
Ant Group and Tencent Distance Themselves from Term NFTs
Reading Time: < 1 minute China-based tech companies Ant Group and Tencent have changed the term “non-fungible tokens” (NFTs) to “digital collectibles” on their platforms and sites.
Binance to Close Access to OTC Trading for Users in Mainland China
Reading Time: < 1 minute From December 31, 2021, crypto exchange Binance will remove the Chinese yuan from the list of over-the-counter (OTC) markets and close access to OTC trading for users in mainland China.
Bloomberg Finds PRC Corporate Bonds in Tether’s Reserves
Reading Time: < 1 minute Tether (USDT) includes short-term loans to large Chinese companies and loans to cryptocurrency lending platforms such as Celsius Network.
Huobi Decides to Shut Down Business in China Due to Authorities Pressure
Reading Time: < 1 minute Cryptocurrency exchange Huobi has decided to leave China after Beijing tightened the regulation of the cryptocurrency industry.
Media: Bitmain Will Suspend Mining Equipment Sales in China
Reading Time: < 1 minute One of the largest manufacturers of cryptocurrency mining devices, Bitmain, intends to suspend sales to Chinese miners.
China to Create Global Network for Mobile Payments Based on Digital Yuan
Reading Time: < 1 minute China is exploring the possibility of setting up an international mobile payment clearing and settlement network based on the national digital yuan cryptocurrency.
China Will Continue to Pressure Crypto Trading
Reading Time: < 1 minute The People’s Bank of China (PBoC) plans to continue applying a regulatory pressure on cryptocurrency trading.
People’s Bank of China Releases Digital Yuan WhitePaper
Reading Time: < 1 minute The People’s Bank of China, the central bank of the country, has just published the whitepaper of the e-CNY, the digital version of the yuan.
China’s Largest Electricity Provider Demands to Stop Crypto Mining
Reading Time: < 1 minute Chinese journalist Colin Wu has reported the Chinese state-owned power supplier State Grid Corporation of China (SGCC) has sent a notice to all regions of the country demanding to stop crypto mining.
