China Archives - Page 12 of 15

Chinese Crypto Miners Rush to Sichuan for Cheap Hydroelectricity

February 14, 2019

Over the course of the last three weeks, Chinese miners have reportedly been rushing to the country’s Sichuan region to take advantage of cheap hydroelectricity that is being generated in large amounts by the...

Beijing Finance Governor Bans Security Token Offerings in City

December 4, 2018

The municipality of Beijing has banned another form of crypto-token sale, according to Caijing. “Don’t do it in Beijing.” Huo Xuewen, the chief of Beijing’s Municipal Bureau of Finance, declared in a rece...

Landing International Reveals Sudden Return Of Missing Chairman Yang Zhihui

November 26, 2018

Landing International Development Chairman Yang Zhihui is no longer missing in action after the company announced that he had “resumed his duties as Chairman of the Board” on Monday. Landing has been unable ...

Chinese Crypto Mining Firms are Selling Equipment By the Kilo

November 23, 2018

Chinese crypto outlet 8BTC reported earlier this week that crypto mining operations are selling off mining equipment by weight rather than by unit amidst widespread market decline. The report specifically cit...

Chinese Crypto Exchange BTCC Heads to South Korea

October 17, 2018

BTCC, China’s first cryptocurrency exchange, has set its sights on South Korea, reportedly announcing on Tuesday that it is launching its services in the country on October 31, 2018. Formerly known as BTC Ch...

There Are More than Sixteen Thousand Blockchain Companies in China

July 18, 2018

The number of firms in China with the word ‘blockchain’ in their name has exploded in the first six months of 2018, according to the South China Morning Post. The information is based on government data gath...

Huobi to Launch $1 Billion Incubator Fund for Chinese Blockchain Startups

May 4, 2018

Huobi, the third-largest cryptocurrency exchange in the world, is launching a $1 billion fund to finance Chinese blockchain-related startups. The move signals an effort to support the blockchain industry in C...

Chinese Regulators, Banks Set to Test Ripple’s Settlement Solution

March 22, 2018

Chinese regulators, banks, and payment providers ‎are reportedly set to carry out a test of ‎Ripple’s settlement solution, xCurrent, ‎in a bid to improve ‎‎payment infrastructure and ‎enable financial institu...

Ban Reversal Approaching? PBoC’s New Governor is “Inspired” by Bitcoin

March 20, 2018

Chinese legislative body the National People’s Congress voted on Monday to confirm Yi Gang as the new governor of the People’s Bank of China. At the same time, Liu He, the president’s leading economic advisor...

People’s Bank of China Proclaims Bitcoin is Not a Legitimate Payment Method

March 9, 2018

The Governor of the People’s Bank of China, Zhou Xiaochua, has announced that the central bank does not accept Bitcoin or any other digital currencies as legitimate forms of payment. According to Reuters, Ch...