Tag: China
All news related to the Asian giant.
China to Create Global Network for Mobile Payments Based on Digital Yuan
Reading Time: < 1 minuteChina 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 minuteThe 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 minuteThe 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 minuteChinese 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.
Bitmain Suspends Sales Amid China’s Mining Ban
Reading Time: < 1 minuteChinese crypto mining devices maker Bitmain has announced it is temporarily suspending sales due to the uncertainty surrounding mining.
Crypto Miner BTC.com Leaves China Due to Power Supply Cuts
Reading Time: < 1 minuteBTC.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.
CNBC Host Jim Cramer Sells His BTC Because of China’s Measures Against Industry
Reading Time: < 1 minuteJim Cramer has announced he has sold most of his Bitcoin holdings as a result of China’s crackdown on crypto mining.
Market Update – Bitcoin Drops to $32,000
Reading Time: 2 minutesThe 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.
One of China’s Largest Banks Announces Prohibition of Cryptos But Removes the Announcement
Reading Time: < 1 minuteThe Agricultural Bank of China has published an announcement in which states it is banning all cryptocurrency-related transactions.
Chinese Province of Sichuan Cuts Power Supply to Bitcoin Miners
Reading Time: < 1 minuteThe 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 […]
China Enables Conversion From Digital Yuan to Cash in Over 3,000 ATMs
Reading Time: < 1 minuteThe Beijing division of the Industrial and Commercial Bank of China (ICBC) has just added a new feature to its over 3,000 ATMs.
Chinese Authorities Order Miners in Qinghai to Cease Operations
Reading Time: < 1 minuteThe Provincial Department of Industry and Information Technology of Qinghai has ordered local mining companies to cease all their operations.
Chinese Search Engines are Censoring Huobi, OKEx and Binance
Reading Time: < 1 minuteWeibo and Baidu, the two most popular search engines in China, are reportedly censoring the keywords Huobi, Binance and OKEx.
Hong Kong is Interested in Launching a Retail Digital Currency
Reading Time: < 1 minuteThe Hong Kong Monetary Authority (HKMA) has just announced it is exploring the possibility of issuing a retail central bank digital currency.
Chinese Social Network Weibo Suspends Accounts Related to Cryptos
Reading Time: < 1 minuteWeibo has just suspended several accounts belonging to creators of content related to Bitcoin.
China Bans Banks From Offering Services to Crypto Companies
Reading Time: < 1 minuteall financial institutions and payment companies in the country are now banned from providing their services to any company related to digital assets.
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