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HK firm Meitu nurses Bitcoin (BTC) losses after buying the top in April

Ana Grabundzija · 1 month ago · 2 min read

China court doubles down on crypto FUD. Says sector ‘not protected by law’

A regional high court in China’s Northern Shandong province’s high court said yesterday that crypto trades or investments are not “protected by law,” after reviewing a case involving the asset class, a report on SCMP stated.

Shaurya Malwa · 1 month ago · 2 min read

Early crypto exchange boss says China remains 50/50 on outright Bitcoin ban

The co-founder and former CEO of crypto exchange BTCC, Bobby Lee, said Beijing could move to ban Bitcoin entirely.

Samuel Wan · 2 months ago · 2 min read

Publicly-listed company loses $17 million on Bitcoin. Makes $14 million on Ethereum instead

Meitu, a software tech company based in Hong Kong, has said that it recorded a loss of $17.3 million on its Bitcoin portfolios, while in contrast, it recorded a $14.7 million gain on its Ethereum investment.

Oluwapelumi Adejumo · 3 months ago · 2 min read

Novogratz: China’s Bitcoin (BTC) ban was a positive in many ways

In a recent interview, Galaxy Digital CEO Mike Novogratz said Bitcoin had shown resilience in the face of FUD coming out of China.

Samuel Wan · 3 months ago · 2 min read

What does China’s crypto crackdown mean for the industry?

The latest crackdown has compelled many bitcoiners to scramble for the exits, leaving their diamond-handed counterparts to issue witticisms that underline the former’s shaky resolve.

Ruben Merre · 3 months ago · 3 min read

Could Paraguay emerge as a Bitcoin mining hub after China crackdown?

Bitcoin miners were dealt a blow in May as the Financial Stability and Development Committee of the State Council of China announced further controls on financial risk.

Samuel Wan · 3 months ago · 2 min read

BTC dumps after Agricultural Bank of China issues, deletes, and reissues Bitcoin ban notice

The Agricultural Bank of China (ABC) published a Bitcoin (BTC) ban announcement, restating its services must not be used for cryptocurrency-related transactions and activities, only to delete it within minutes, pause for a few hours, and then publish the ban all over again.

Ana Grabundzija · 3 months ago · 2 min read

Bitcoin (BTC) miners in China plot plans to ‘go green’

Some of China’s storied Bitcoin miners are planning to use more renewable energy sources to power their expansive mining rigs, local outlet CGTN said today.

Shaurya Malwa · 3 months ago · 2 min read

1,100 people arrested in China over alleged crypto fraud

Chinese police busted a network of more than 170 criminal groups as they arrested 1,100 suspects involved in money laundering by buying cryptocurrencies, security officials said in a statement.

Ana Grabundzija · 4 months ago · 2 min read

Bitcoin miners using hydropower asked to continue in Sichuan

Bitcoin miners in China’s Sichuan province can continue their operations until September this year, local tech publication TechNode reported today.

Shaurya Malwa · 4 months ago · 2 min read

Chinese province sounds fresh alarm on ‘illegal’ crypto schemes

China’s Hainan province issued a fresh warning about illegal crypto schemes yesterday, adding to what is an ongoing campaign against the growth of the industry in the region.

Shaurya Malwa · 4 months ago · 2 min read

Chinese state-run TV network draws attention to DeFi scams on Uniswap

CCTV-13, a TV channel that is part of the state-controlled China Central Television (CCTV) network, aired a new report today, highlighting how easy malicious actors can create fraudulent tokens and sell them on decentralized finance (DeFi) platforms such as Uniswap.

Liam Frost · 4 months ago · 2 min read

Publicly-listed Chinese brokerages eye Bitcoin offerings, but there’s a catch

Chinese online brokerages Tiger Brokers and Futu plan to bolster crypto trading services, taking on global players Robinhood and eToro, as per a report in the South China Morning Post today.

Ana Grabundzija · 4 months ago · 2 min read

China: Crypto traders turn to OTC platforms amidst Bitcoin crackdown

Millionaires in China are turning to over-the-counter services to trade and buy Bitcoin and other cryptocurrencies even as the local government says it would crackdown on the sector, as per a report on business outlet Bloomberg today.

Shaurya Malwa · 4 months ago · 2 min read

China’s state-run media slams Bitcoin trading, calls for stricter supervision

Following the Bitcoin mining debacle that originated from China earlier this week, Xinhua News, the official state-run press agency of the People’s Republic of China, published a new article today, highlighting the risks of cryptocurrency trading.

Liam Frost · 4 months ago · 2 min read

Europe and U.S. may soon take the lead in Bitcoin mining, says major Chinese pool

Jiang Zhuoer, the operator of major Chinese mining pool Lebit Mining, argued that the latest crackdown on crypto in the country would likely lead to miners relocating their activity to Europe and the United States, as pointed out by journalist Colin Wu.

Liam Frost · 4 months ago · 2 min read

A 4chan ‘insider’ predicted yesterday ‘Bitcoin dump FUD,’ says it was China-led shakeout

An anonymous user apparently not only predicted yesterday’s massive sell-off on the crypto market but also claimed that it was an organized China-related campaign aimed at a single “stakeholder”—half a day before the trading carnage actually began. Of course, the following should be taken with a giant grain of salt.

Liam Frost · 4 months ago · 2 min read

Chinese crypto-linked stocks like Meitu see big corrections after Ethereum dump

Stocks of Chinese publicly listed companies fell sharply today after cryptocurrencies like Bitcoin, Ethereum, and others plunged massively on Wednesday, data from multiple sources shows.

Shaurya Malwa · 4 months ago · 2 min read

China Merchants Bank joins local DeFi protocol to launch $50 million crypto ecosystem fund

Nervos, a China-based blockchain and decentralized finance (DeFi) protocol, today announced the launch of a $50 million fund with CMB International (CMBI), a wholly-owned subsidiary of China Merchants Bank, as per a release.

Shaurya Malwa · 4 months ago · 2 min read

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Latest China Blockchain News

China court doubles down on crypto FUD. Says sector ‘not protected by law’

Early crypto exchange boss says China remains 50/50 on outright Bitcoin ban

Publicly-listed company loses $17 million on Bitcoin. Makes $14 million on Ethereum instead

Novogratz: China’s Bitcoin (BTC) ban was a positive in many ways

What does China’s crypto crackdown mean for the industry?

Could Paraguay emerge as a Bitcoin mining hub after China crackdown?

BTC dumps after Agricultural Bank of China issues, deletes, and reissues Bitcoin ban notice

Bitcoin (BTC) miners in China plot plans to ‘go green’

1,100 people arrested in China over alleged crypto fraud

Bitcoin miners using hydropower asked to continue in Sichuan

Chinese province sounds fresh alarm on ‘illegal’ crypto schemes

Chinese state-run TV network draws attention to DeFi scams on Uniswap

Publicly-listed Chinese brokerages eye Bitcoin offerings, but there’s a catch

China: Crypto traders turn to OTC platforms amidst Bitcoin crackdown

China’s state-run media slams Bitcoin trading, calls for stricter supervision

Europe and U.S. may soon take the lead in Bitcoin mining, says major Chinese pool

A 4chan ‘insider’ predicted yesterday ‘Bitcoin dump FUD,’ says it was China-led shakeout

Chinese crypto-linked stocks like Meitu see big corrections after Ethereum dump

China Merchants Bank joins local DeFi protocol to launch $50 million crypto ecosystem fund

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