China Archives - Page 10 of 15

China Shuts Bitcoin Mining Farms Following Coronavirus Epidemic

February 7, 2020

As the Coronavirus epidemic is getting worse, Chinese authorities are shutting down Bitcoin mining farms to contain the spread. Jiang Zhuoer, the operator of mining pool BTC.Top, revealed on Weibo last Tuesd...

China Brings Law to Categorize Crypto Passwords Ahead of CBDC Launch

January 2, 2020

As the bell of a new year stroke, China implemented a new law governing the cryptographic passwords. This law came into effect ahead of the launch of the People’s Bank of China-backed digital currency, which...

Electricity Shortage Forces China to Crackdown on Crypto Mining

December 31, 2019

The local authorities of the Chinese province of Sichuan are clamping down on Bitcoin mining operations in the region amid a power shortage. Reported by the Asia Times, the authorities are not only going aft...

7,000 Illegal Crypto Mining Machines Seized

December 23, 2019

The crackdown on crypto mining in China has continued unabated, this time with the seizure of 7,000 mining machines, per a Cointelegraph report. Crypto mining has been a point of contention for many countrie...

Chinese Central Bank to Test Launch Its Digital Currency in 2 Cities

December 9, 2019

The People’s Bank of China (PBoC) is planning to launch its much anticipated central bank-backed digital currency (CBDC) in two cities – Shenzhen and Suzhou – initially for testing purposes. Reported by loca...

Chaos or Hoax? Binance, Bithumb Deny Claims of Shanghai Office Raid

November 22, 2019

The crypto industry took a setback recently with reports from China about raids in the offices of Binance as well as Bithumb’s Shanghai offices by local authorities. However, both exchanges came out to deny ...

China’s Central Bank Gearing Up to Crack Down Crypto Trading

November 22, 2019

Chinese authorities once again picked up arms against digital currencies as the People’s Bank of China’s (PBoC) Shanghai headquarter on Friday revealed its intentions to crack down on crypto trading. This ca...

Chinese State-Run News: BTC is 1st ‘Successful’ Use of Blockchain

November 11, 2019

The front page of Xinhua, a news agency run by the Chinese government, contained an article entitled “Bitcoin: The First Successful Application of Blockchain Technology,” on November 11th. While the article ...

Binance to Open Beijing Office Following China’s Blockchain Push

November 1, 2019

Cryptocurrency exchange Binance, which is headquartered in Malta, is opening a new office in Beijing in addition to the mainland office that the exchange currently has in Shanghai. The news came in a report f...

FTX Launches Perpetual Contract Backed by 8 Chinese Cryptos

October 30, 2019

Amid the endorsement of blockchain by Xi Jinping, the cryptocurrency derivative platform FTX on Tuesday launched a new index tracking eight popular Chinese crypto projects. Dubbed Dragon Perpetual Futures In...