Chip shortage hampering Chinese crypto mining sector
Global chip shortage is affecting the crypto mining sector’s production The shortage of chips is also affecting other electronic manufacturers Following the shortage, the chip...
Digital Yuan adaptable with more than seven Chinese Bank Platforms
People's Bank of China (PBoC) is actively working with the country's four biggest banksThey are trying to roll out the scheme of digital fiat...
BSN, CHINA IS ALL SET TO COMPLETE ITS INTEGRATION WITH CBDC
The Chinese Blockchain Service Network is aiming to draw a finishing line in its integration procedure with 30 different public blockchainsChina is still at...
Pharma And Tech companies show positive signs on Hong Kong and China exchanges
Pharma companies showed positive signs on Hong Kong and China exchangesTech companies are following the suitBitcoin rose to record high third time in a...
Bitcoin speculation risk is surging and making a way towards blockchain
Xinhuanet urges the Chinese citizen to ignore the Bitcoin rally as there is no reason for its surgeThe Chinese reporter referred to the price...
China Published its 20th Blockchain Assessment Report
It is observed in the report that 37 well known public chains were ranked in three different aspectsAs the previous report or the 19th...
Chinese Government Gave Digital Yuan to People in Lottery
To promote and create awareness for the Digital Yuan, Chinese authorities are distributing $1.49 million as a lotteryAround 2 million people had applied for...
Chinese Ministry Releases Plans to Integrate Blockchain in Development Process
Plans to overcome these shortcomings were issued on September 21 by the two major Chinese MinistriesThe Ministry of Industry and Information Technology issued a...
China-Japan in Race to Development of CBDC
China had already started conducting pilot runs for its Digital Yen in April 2020Japan too has decided to join the race and has accelerated...
CBIRC Instructs Regulatory Authorities to rack Blockchain and Distributed Ledger
China Banking and Insurance Regulatory Commission (CBIRC) recently shared plans for global regulations on crypto assetsAll financial businesses should be licensed and included in...
China’s Alibaba Group Launches First Domestic Public Welfare Blockchain Standard Technology
On September 5, ‘Charity Chain Technology and Application Specification’ group standard was launched by Alibaba Charity Foundation.This project is the first domestic public welfare...
Chinese Bank Disables Digital Yuan Wallet After Brief Activation Draws Public Attention
China Construction Bank (CCB) opened up a wallet service for China’s central bank digital currency to public users, but disabled it soon after as...
China’s Digital Yuan in the 2022 Winter Olympic Games
China has been conducting extensive tests on digital currency and it plans to use it during the 2022 Beijing Winter Olympics scheduled.The Chinese central...
Crypto Assets Worth $50 Billion Transferred from China in the Past Year
As per a Chainalysis report, over $50 billion worth of cryptocurrency has moved from China-based digital wallets to other parts of the world last...
Two Blockchain Projects Selected Under New Information Consumption Demonstration projects by Chinese Ministry
MIIT has selected about 100 projects across the country and all these selected projects will receive greater policy support by the MIIT.Huang Junfei, General...
Asia to Lead in Digital Payments Growth, Especially BTC
In the past two years, e-wallet users have increased to a gigantic number of 2.1 billion from 500 million.According to the report, nearly 35%...
Federal Board Accepts of Working on Digital Dollar
Lael Brainard, Governor of Federal Board in a webcast commended that US is under the process of building the digital currencyThe United States Congress...
China Ups the Ante in Testing of Cryptocurrency Wallets
China plans to launch a Digital Yuan, to become the first country in the world to offer a digital sovereign currency.
The testing...
China’s Ministry of Public Security Officials Apprehends 27 Suspects in Plus Token Ponzi Scheme
China's Ministry of Public Security released a report claiming that they have arrested all the 27 major suspects of the Plus Token Ponzi...
The Chinese National Defense and Security to Deploy Blockchain Solutions
The Chinese defense Army will be using Blockchain technology for the National Defense of the country.
China has been one of the early adopters of...
New Asset Management product launched by Huobi Cryptocurrency Exchange
As a world-leading company in the blockchain industry, Huobi has introduced a new product called Huobi Asset Management.
This product is meant...
China’s Former Securities Regulator Speaks About Importance of Digital Currency
Xiao-Gang has released a book that briefly spoke about the challenges and their respective countermeasures that were required to establish a full proof...
Weiss Crypto Ratings Confirms China’s Digital Yuan Won’t Be A Threat To US Dollar
Weiss Crypto Ratings is a US-based agency that provides unbiased ratings over the Stock market, Financial Institutions, Cryptocurrencies, and Mutual Funds.
Bank of America had...
Chinese Central Bank Partnering Up With Top Companies To Test CBDC
Didi Chuxing Technology Co. will test a pilot version of China's digital currency.
Didi signed a concession with the Digital Currency Research Institute...
Beijing Proposes Blockchain Innovation Development Action Plan 2020–2022
Beijing has revealed an action plan to support blockchain deployment and transform the city into a global hub for private blockchain innovation.
Moreover, Beijing...
Tencent Issues Warning Against ‘ThanatosMiner’ Mining Trojan
The Tencent Security Threat Intelligence Center recognized that the ThanatosMiner pondered on the BlueKeep’s vulnerability CVE-2019-0708 to spread the attacks.
The BlueKeep vulnerability...
China Merchant Bank Freeze Credit Cards Restricting Cryptocurrency Transactions
According to the latest report, China Merchant Bank (CMB) has actively frozen many people's credit cards.
Also, their saving cards stopped during the...
Singapore In Discussion With People’s Bank of China On CBDC
The Monetary Authority of Singapore reported today that it is working with the People's Bank of China on CBDC application.
In recent years,...
Digital Currencies Have Paved The Way For Executives Throughout The Globe
According to a report, 40% of Israeli companies now have blockchain in production.
Blockchain technology is one of the key drivers of the...
The ‘Iranian Exchange’ BITISIS Closed Down Operations
The police have shut down the 'Iranian Exchange’ BITISIS. China established BITISIS. Now, there is a seizing of all the assets of the...
China’s Bitcoin Market Faces Huge Downfall Amid Covid-19
Reports from Chinese agencies state that this week there was a 15% decrease in Bitcoin's value.
The global coronavirus pandemic has made the...
Major Developments Planned In AI and Blockchain Technology By Beijing
Beijing will be building a list of key blockchain enterprises that will support algorithm, power, and calculation infrastructure.
Subsequently, blockchain will improve...
China Anticipated to Launch Digital Yuan By Year End
According to reports, China is likely to officially announce the sovereign digital currency to be available to the public of China by the...
Guangzhou to Build China’s First Demonstration Zone Blockchain
According to the official statements released on Friday by the government, the southern metropolis is a major centre of industrial development.
Guangzhou considered...
Could China’s Cryptocurrency Challenge Bitcoin and Replace U.S Dollar?
More than five years in the making of the world's first sovereign digital currency - Yuan, slowly equips to replace physical legal tender.
...
Chinese Blockchain Companies Exceeds $700 Billion Market Cap
In October 2019, Chinese President Xi Jinping announced that China would join the world in the emerging cryptocurrency network.
China without any...
CPPCC Member Puts Forward His Suggestion Of Formulating Blockchain Focused Law
Gong Fuwen, National Committee of the Chinese People's Political Consultative Conference (CPPCC) member, suggests China should focus on formulating blockchain law.
The reason...
Is China’s National Cryptocurrency The Beginning Of A New Financial Era?
Short Insights
China will establish a national blockchain platform called Blockchain Service Network on April 25, 2020, before the launch of its government-backed cryptocurrency.
...
China Central Bank Digital Currency : Everything You Need To Know
Short Insights
The digital RMB system has completed its top-level design and standards under the grounds of certain factors.
The relevant person in charge...
Bitcoin Halving Will Have Less Affect on Chinese Miners than Miners Worldwide
HIGHLIGHTS
On April 10, 2020, Mathew Graham, CEO of Sino Global Capital, stated his opinion that the halving event would have less effect on...
Corona Epidemic Won’t Affect The Chinese Economy In Long Term
The devastating Corona Epidemic has affected not only China but also the globe.
Temporary work remedies are phased out from personal income...
China Adopts Blockchain Solution To Deal With Supply Management During Epidemics
Alipay has launched an epidemic prevention information service platform in the wake of a global health emergency due to the novel coronavirus.
The platform is...
People’s Bank Of China Aims To Maintain “Reasonable And Abundant Liquidity” by Injecting $173...
China aims to keep a stable currency for the citizens and added further that the overall liquidity of the banking system would be...
Bitcoin Volumes In China Continue To Drop, Amid Coronavirus Fears
China happens to be one of the most attractive investment fields not just for stocks but for cryptocurrencies as well.
In China, bitcoin...
Chinese Authorities Going Strong Against Crypto Based Companies
Chinese authorities have taken down a crypto-based company ‘Biss’ operating in Beijing.
Reportedly 10 staff members have been arrested by the authorities.
1st major step to...
39 Illegal Companies Found to be Operating in China’s Silicon Valley
39 illegal cryptocurrency companies spotted in China’s Silicon Valley, Shenzhen.
Law enforcement to soon take action on the illegally operated companies.
Blockchain hub of China, Shenzhen...
China Launches a Technical Committee For Blockchain
China launches a national standards committee for Blockchain.
Aims to develop innovation and openness.
Plans to launch technical committees in multiple sectors.
A national standards committee...
China’s Thundering Strike to the Crypto-Tron and Binance Banned on Weibo
The biggest social media network in China- Weibo witnesses the ban of the official account of the Tron Foundation, in accordance with Dovey...
China’s Digital Currency Yuan Launch is a “HOAX”- People’s Bank of China
The People's Bank of China has not issued legal digital currency (DC/EP) and has not authorized any asset trading platform to conduct transactions.
...
Ethereum Co-Founder is Optimistic About Interoperation with China’s Digital Currency
Joseph Lubin, the co-founder of Ethereum and the founder of Consensys is optimistic about embracing the Chinese crypto-ecosystem as he is hopeful that China’s...
