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Tag: China

All news related to the Asian giant.

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.

May 16, 2022May 16, 2022 Tony Pearce News

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.

March 22, 2022March 22, 2022 Tony Pearce News

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.

March 17, 2022March 17, 2022 Tony Pearce News

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.

February 25, 2022February 25, 2022 Chris Smith News

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.

November 30, 2021November 30, 2021 Chris Smith News

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.

November 26, 2021November 26, 2021 Tony Pearce News

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.

November 12, 2021November 12, 2021 Chris Smith News

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.

October 25, 2021October 25, 2021 Chris Smith News

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.

October 13, 2021October 13, 2021 Chris Smith News

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.

October 8, 2021October 8, 2021 Chris Smith News

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.

October 5, 2021October 5, 2021 Tony Pearce News

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.

September 29, 2021September 29, 2021 Tony Pearce News

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.

August 30, 2021August 30, 2021 Tony Pearce News
telescope

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.

August 2, 2021August 2, 2021 Tony Pearce News
china
Tomas Roggero - Flickr

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.

July 16, 2021July 16, 2021 Tony Pearce News
china

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.

July 14, 2021July 14, 2021 Tony Pearce News
mining rig

Bitmain Suspends Sales Amid China’s Mining Ban

Reading Time: < 1 minute Chinese crypto mining devices maker Bitmain has announced it is temporarily suspending sales due to the uncertainty surrounding mining.

June 24, 2021June 24, 2021 Tony Pearce News
mining
Ivan Radic - Flickr

Crypto Miner BTC.com Leaves China Due to Power Supply Cuts

Reading Time: < 1 minute BTC.com has just announced it is leaving China and moving its operations to Kazakhstan as a result of the measures adopted by the Chinese authorities against the mining sector.

June 22, 2021June 22, 2021 Tony Pearce News
jim cramer
Penn State - Flickr

CNBC Host Jim Cramer Sells His BTC Because of China’s Measures Against Industry

Reading Time: < 1 minute Jim Cramer has announced he has sold most of his Bitcoin holdings as a result of China’s crackdown on crypto mining.

June 22, 2021June 22, 2021 Tony Pearce News
bitcoin

Market Update – Bitcoin Drops to $32,000

Reading Time: 2 minutes The market’s largest crypto by capitalization has lost 3.78% during the last day to $32,725.92 dragged down by the news coming from China.

June 21, 2021June 22, 2021 Chris Smith Analysis
stop sign

One of China’s Largest Banks Announces Prohibition of Cryptos But Removes the Announcement

Reading Time: < 1 minute The Agricultural Bank of China has published an announcement in which states it is banning all cryptocurrency-related transactions.

June 21, 2021June 21, 2021 Chris Smith News
china

Chinese Province of Sichuan Cuts Power Supply to Bitcoin Miners

Reading Time: < 1 minute The authorities of the Chinese province of Sichuan, which is known for its cheap electricity thanks to local hydroelectric power plants, have ordered state-owned power plants and distributors to stop […]

June 18, 2021June 18, 2021 Chris Smith News
yuan

China Enables Conversion From Digital Yuan to Cash in Over 3,000 ATMs

Reading Time: < 1 minute The Beijing division of the Industrial and Commercial Bank of China (ICBC) has just added a new feature to its over 3,000 ATMs.

June 18, 2021June 18, 2021 Chris Smith News
china

Chinese Authorities Order Miners in Qinghai to Cease Operations

Reading Time: < 1 minute The Provincial Department of Industry and Information Technology of Qinghai has ordered local mining companies to cease all their operations.

June 10, 2021June 16, 2021 Chris Smith News
stop

Chinese Search Engines are Censoring Huobi, OKEx and Binance

Reading Time: < 1 minute Weibo and Baidu, the two most popular search engines in China, are reportedly censoring the keywords Huobi, Binance and OKEx.

June 9, 2021June 9, 2021 Chris Smith News

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