China Crypto News
Learn about the latest China blockchain news, events, and companies from CryptoSlate, a leading destination for cryptocurrency and blockchain news.
CryptoSlate Wrapped Daily: LUNA’s Do Kwon says he is not in hiding after Interpol issues red warrant; Miners abandoning POW tokens
The ATOM team announced the reveal of the ATOM 2.0 update to take place on Sept. 26, Cosmos' connection to other chains via Komodo's AtomicDEX integration and much more in this edition of CryptoSlate Wrapped Daily.
Former IMF official believes CBDCs need to function offline to gain mass adoption
A new blog post by former IMF official tracked the history of offline CBDCs and why he thinks they should used worldwide to promote financial inclusion.
China arrests 93 people suspected of laundering 40B RMB via crypto
Chinese authorities also busted a money laundering operation in Fujian where criminals used the digital yuan to launder 200 million RMB.
Filecoin service provider RRMine moves to Singapore due to China’s crypto restrictions
RRMine considered Singapore as a choice destination due to its accommodating crypto policies and commitment to becoming a global crypto hub.
Hotbit exchange suspends all transactions indefinitely
Due to having its assets frozen as a part of an ongoing investigation, crypto trading platform Hotbit announced it suspended all functions. The exchange said the services will go back to normal as soon as the assets are unfrozen.
China’s Cyberspace Administration issues warning on promotional cryptocurrency material
The internet regulator vowed to crack down on online promotion of cryptocurrency to protect the financial interests of the people.
Bitcoin falls short of $25K as US, China tensions over Taiwan grow
Heightening tensions between the U.S. and China, over Taiwan, coincide with market uncertainty and a local top for Bitcoin.
China to respect privacy of digital yuan users, eyes more adoption
China is doubling efforts to increase digital yuan adoption and usage by creating tailor-made products for the currency.
The case for Bitcoin strengthens as Chinese bank depositors riot over frozen accounts
Angry crowds gathered in Zhengzhou demanding access to their bank deposits. Some say self custody of Bitcoin is the answer.
Bank of England’s vision for the digital pound differs from China’s model
The BoE proposes involving the use of retail banks and private payment providers as the "interface" for the digital pound.
Hacker wants 10 Bitcoin in exchange for Chinese citizens’ stolen data
The hacker reportedly gained access to the Chinese Shanghai police database stealing over 26 terabytes of personal data.
China to gift citizens 90M digital yuan via lottery to restart economy
Shenzhen, Guangzhou, and Xiong'an New Area are reportedly gifting citizens roughly 90 million digital yuan in red packets to citizens in a bid to restart the economy following Covid-19.
STEPN removes GPS in China amid regulatory concerns – price drops 40%
Move to earn pioneer has announced that they will stop providing services to users in China on July 15
China’s Blockchain Services Network promises most of the thrills at a fraction of the cost
China's state-sponsored Blockchain Services Network is due for international roll out this summer. But some express concerns that it could be a spyware tool.
China makes a comeback in the Bitcoin mining scene
CCAF claims a significant amount of underground mining activity leveraging off-grid electricity and scattered small-scale operations is responsible for the BTC mining resurgence in China.
PBoC: Digital yuan trial expands to 11 more cities
The digital yuan continues its expansion in China, adding 11 more cities and regions, totaling 23 cities, to the list of pilot test areas. Most notably, trials will begin in Guangzhou where the Asian Games will be held later this year.
China’s strict crypto policy continues as WeChat bans NFT accounts
Chinese official had previously stated that the NFT space was dominated by hype and urged government to regulate the space.