China Archives - Page 3 of 15

China’s Cryptocurrency Mining Dominance in Danger

January 1, 2021

China has been a dominant power in cryptocurrency mining. Ripple’s latest submission termed Bitcoin and Ethereum as Chinese-controlled cryptocurrencies because the country controls a large percentage of BTC a...

China’s New Criminal Law Creates New Crime Against Cross Border Casinos

December 30, 2020

China's new criminal law creates new crime against cross border casinos. An amendment to its criminal law has been passed by China's National People's Congress which will, from 1 March 2021, establish a new c...

China Bitcoin Miners ‘Heavily Affected’ After Country’s Coal Standoff

December 28, 2020

China bitcoin miners 'heavily affected' after country's coal standoff. Reports detail that there have been problems with electrical shortages among Chinese miners. Lylian Teng, financial columnist for 8btc.co...

Landing International Chairman Yang Zhihui Resigns From Board Of Chinese Marine Diving Company Amid Investigation Into Market Manipulation

December 16, 2020

Landing International Development Ltd Chairman Yang Zhihui has resigned from the board of Chinese marine diving equipment producer China Dive Company Limited amid allegations he manipulated the securities mar...

China’s Digital Yuan Completed 20K+ Transactions in Successful Weekend Trial

December 14, 2020

Residents of China sent 20,000 transactions through e-commerce platform, JD.com within the first 24 hours of a trial of the country’s digital yuan in the city of Suzhou, according to the Global Times. CNBC r...

DiDi, Meituan, Bilibili Participate in Suzhou’s Digital Yuan Test

December 11, 2020

Three Chinese internet giants, ride-hailing service, DiDi, food-delivery app, Meituan, and video platform, Bilibili, are participating in the country’s latest test with digital yuan in the city of Suzhou. Lo...

TripAdvisor Among 105 Apps Banned By China For Promotion Of “Illegal Services And Content Including Gambling”

December 9, 2020

China’s crackdown on perceived threats by foreign companies targeting Chinese citizens has escalated after the nation’s cyberspace watchdog ordered the removal of 105 apps, including global travel platform Tr...

JD.com Is China’s First Online Mall To Pilot Digital Yuan

December 5, 2020

JD.com is China's first online mall to pilot digital yuan. China's second-largest online retailer, JD.com, will become the country's first virtual mall to use digital yuan, a cryptocurrency backed by the cent...

China’s Central Bank Pilots Digital Yuan For Payments To Hong Kong

December 5, 2020

China's central bank pilots digital yuan for payments to Hong Kong.China's central bank and the Hong Kong Monetary Authority (HKMA) are in the early stages of piloting the digital yuan for cross-border paymen...

China’s National Blockchain Project Introduces Polkadot Support

November 27, 2020

China's national blockchain project introduces Polkadot support. Chinese government-backed blockchain project, the Blockchain Service Network, or BSN, is adding support for another batch of main blockchain pr...