Juhi Mirza · 6 hours ago · 1 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.
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.
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.
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.
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.
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.
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.
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.
The ‘China crypto FUD’ is back again, but it’s misleading
Three industry bodies under the Central bank of China released a document today calling for a ban on financial institutions and online payments channels providing any services involving cryptocurrency, including but not limited to registration, trading, clearing, and settlement.
China Securities Journal sounds alarm on financial risks related to Bitcoin and crypto
A broader consensus on strengthening the supervision of Bitcoin and crypto transactions is being formed, as per an opinion piece in the China Securities Journal (CS) on Sunday.
Macau casino investor bets on Bitcoin (BTC) amidst a bleak economic outlook
Chinese publicly listed firm Success Universe Group Ltd, which is a major investor in Macau-based casino and hotel resort Ponte 16, announced that it has purchased 24.3 Bitcoin ($1.35 million currently) as part of its portfolio diversification strategy, Inside Asian Gaming reported today.
Bitcoin miners in China receive ’emergency notice’ amidst energy concerns
The Beijing Municipal Bureau of Economy and Information Technology has begun sending out “emergency notices” to local data centers, urging their operators to report whether they are involved in cryptocurrency mining, Reuters reported yesterday.
Regulated Bitcoin and Ethereum funds have launched in Hong Kong
Hong Kong-based Huobi Asset Management announced the launch of Bitcoin (BTC), Ethereum (ETH), and mining-related funds for professional investors yesterday, it said in a release shared with CryptoSlate.
Miner explains why the Bitcoin hash rate fell by 25% recently
Mustafa Yilham, VP of global business development at Asian mining and wallet company Bixin, took to Twitter today to explain why Bitcoin’s hash rate—the total computing power of the blockchain—dropped by around 25% last week.
Chinese regulator says Bitcoin is an ‘alternative investment’
Li Bo, a deputy governor of People’s Bank of China (PBoC), the country’s central bank, said over the weekend that Bitcoin and stablecoins are ‘alternative investments’ in the eyes of the law.
Macau’s high-rolling casino industry faces a digital currency threat
The island-nation of Macau is inching closer to the launch of its state-backed digital currency as it looks to shed off money launderers and fraudsters from the casinos and gambling dens that dot the city, as per a report today on Bloomberg.
App maker Meitu buys another 175 BTC, pushing Bitcoin closer to a breakout
Institutional and retail demand for cryptocurrencies is at an all-time high.
China’s biggest bank says Bitcoin is driving its efforts in this key area
An official of the People’s Bank of China (PBoC), the country’s central bank and chief financial regulator, said yesterday that the burgeoning Bitcoin space was one of the reasons behind the resurgence of the country’s own digital currency plans.