China News and Articles


Digital Yuan

China is closer to launching digital yuan thanks to Alipay

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The People's Bank of China, with the support of the payment company Alipay, has finished work on the basic functionality of the digital currency and has now focused on preparing laws to regulate its circulation. Indirectly, the transfer of the project to a new stage is indicated by Alipay's...

PBC China blockchain trade DLT

China allocated $5 million for trading blockchain platform

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The People's Bank of China has allocated ¥32.35 million ($4.7 million) to its DLT platform for trade finance. This was reported by the Global Times. Sources of the Global Times believe that 3-year funding will strengthen the security of the information exchanged and facilitate the access of small...

Micree Zhan sues Bitmain

Ex-CEO of Bitmain Micree Zhan again sues the company

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Former Bitmain CEO Micree Zhan has filed a lawsuit against the Chinese mining giant and subsidiary Zhanhua Intelligence Technologies, according to CoinDesk. A notice from the Changle District Court said the hearing was scheduled for February 11 but was rescheduled due to coronavirus. This is the...

Li Wenliang smart contract

Smart contract given to dead doctor who alerted coronavirus

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A smart contract was created on the basis of Ethereum, dedicated to Li Wenliang, a Chinese doctor, who was the first to warn of an impending coronavirus epidemic. He died in a hospital in Wuhan the day before yesterday. The smart contract code contains a biography of the deceased doctor. The...

Hyperchain against coronavirus

Hyperchain will fight against coronavirus outbreak

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A February 4 Hyperchain's publication stated the launch of a blockchain-based platform to struggle with the coronavirus plague and will be a donation portal for medical equipment to help hospitals in central China. A current explosion of coronavirus caused the death of over 400 people in the...

digital yuan China

China disclosed details of the digital yuan issuance

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Financial company Huatai Securities published a report on the details of the payment system and digital currency of the Central Bank of China under development called DCEP (Digital Currency Electronic Payment). “Unlike digital currencies within a decentralized system such as bitcoin, DCEP uses a...

Chinese blockchain investments

In 2019 China’s total investments in blockchain dropped 40%

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The newest investigation shows blockchain spending in spheres of investment and funding ventures has lost the upper 40% in China during the last year. China had 245 funding and investment ventures in 2019 altogether, which is almost 60% less than in 2018. China's government held a study with...

China's "Digital Yuan" might launch in 2020!

China's "Digital Yuan" might launch in 2020!

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The year 2019 has been quite the year for bitcoin. Although it has not seen its value rise like in 2017 it has caught the attention of many banks as well as authorities across the globe that are thinking to implement it into their systems. But now bitcoin is set to face an intense rivalry with...

First Blockchain ETF May Be Launched In China

First Blockchain ETF May Be Launched In China Soon

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China Securities Regulatory Commission (CSRC), that watches over the entire nation’s monetary activities, freshly receives a formal request to register an Exchange Traded Fund (ETF). This ETF will trace down funds linked with blockchain as primary possessions. This request lodged in by the...

China confiscated miners

7,000 bitcoin miners confiscated during police raid in China

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Tangshan City District authorities seized 6,890 ASIC miners illegally connected to the electricity grid. It is reported by Trustnodes with reference to local media. Police raids took place in more than 70 thousand households, as well as in factories, retail outlets, and communities. In one of the...

Bitmain court China

The court decided to freeze Bitmain assets by $676 thousand

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Shenzhen District Court decided to freeze 4.7 million yuan (about $676 thousand) owned by Century Cloud Core one of the divisions of the Chinese mining giant Bitmain. The court upheld the request by the supplier of spare parts for various electronic devices Dongguan Yongjiang Electronics to freeze...

Canaan mining stock

Shares of mining giant Canaan have fallen by almost 40%

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Since listing on Nasdaq last month, Canaan, a Chinese mining company, has dipped by nearly 40%. In November, Canaan Creative raised $90 million during an IPO, posting 10 million US depositary receipts for $9. Оn December 13, the securities of a mining company are trading at around $5.71. In a...

Weibo block Justin Sun

Justin Sun's and Binance CMO's Weibo accounts are blocked

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The Chinese social network Weibo, an analogue of Twitter, has blocked the account of TRON founder Justin Sun, whose branded marketing techniques have often been criticized both in China and the rest of the world. BREAKING and FINALLY ... @justinsuntron 's weibo (Chinese Twitter) account is now...

Chinese crypto projects

Bluebook of Blockchain: China finds illegal crypto projects

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On Thursday, November 21, five commercial and technology specialists led by People’s Bank of China collectively issued the Bluebook of Blockchain, mentioning all criminal and deceitful systems in the sphere. Head of the nonprofit Beijing Blockchain Application Association Yedong Zhu said that...

Bitcoin is losing its price

Bitcoin’s price reached its six-month low

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Bitcoin reached the cheapest point in six months, sinking about 10% and continuing last week’s slide past the weekend on matters about repressions on crypto transactions by China. The leading coin dropped as much as 11% from Friday’s close and was selling below $6600 as of 1:50 p.m. in Hong...

Police raid in Binance's office

Binance denies rumours about a police raid in their office

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An operator of the world’s largest crypto exchange Binance Holdings Ltd. said it doesn’t have any offices in Shanghai or China amid rumours that police raided the facilities in the city. A spokesperson of Malta-based Binance said that they don’t have an office in Shanghai and that any reports...

Alibaba partners with Lolli

You can now earn Bitcoin while shopping on Alibaba platform

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Alibaba, a Chinese e-commerce leader, sprang a partnership with Lolli, a BTC bonuses shopping application. Now Alibaba users can get BTC when buying online. News about the partnership was published on November 11, Singles Day, which is a Chinese shopping holiday and is supposed to be one of the...

Binance exchange

Binance is going to open an office in Beijing

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Binance decided to start an office in Beijing after Xi Jinping said he wants the country to become the number one in the blockchain sphere. This new outpost is going to join the other one that's in Shanghai. Actually, the corporation didn’t announce what this office plans to do and when exactly...

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