Places China

China has been a long time critic of Bitcoin despite its unwavering support for digital finance and payments. It even started the grassroots development for its own digital currency—to prevent the proliferation of Bitcoin—back in 2015 that is close to an official launch. But observers say the digital Yuan, officially the Digital Currency Electronic Payment […]

According to a report from CoinDesk, the Chinese government has seized $4.2 billion worth of cryptocurrencies. Among them is 194,775 BTC, worth $3.2 billion. Albeit the size of the Bitcoin seizure is large, an argument can be made that it is not a big deal. Two reasons why the Bitcoin seizure was expected and could […]

Bitcoin has been on a tear over the past month, rallying from the low-$11,000s to highs around 36 hours ago at $18,500. This move has been marked by an uptick in mentions of the cryptocurrency by media, along with prominent investors and celebrities. Chinese media, despite the Chinese government’s aversion to cryptocurrencies (at least decentralized […]

Nervos, one of China’s biggest blockchain and crypto projects, announced the launch of its own token standard, the sUDT, today as per a release shared with CryptoSlate. Since its launch last year, Nervos has made significant improvements to its infrastructure to support a wide range of DeFi applications, from payments and lending solutions to decentralized […]

China Construction Bank (CCB), one of the country’s “big four” financial players, is planning to raise up to $3 billion from a sale of bonds that individuals and institutions can trade in and out of using Bitcoin and the US dollar, financial publication WSJ reported Wednesday. SCMP reports China Construction Bank will sell US$3 billion […]

Changing policies and financial regulations in Hong Kong have now targeted the burgeoning crypto space.  As per a statement by the city’s securities watchdog on Tuesday, Hong Kong will now require all cryptocurrency trading platforms to be regulated whether or not they trade securities. Unregulated crypto exchanges may commit an “offense” As per Reuters that […]

Cryptocurrency exchange OKEx has suspended withdrawals from its platform indefinitely, as one of its multisig key holders has been held in police custody. The news about hundreds of millions of dollars worth of cryptocurrencies being trapped on the exchange shaved off around 3 percent off of Bitcoin’s price but sent UNI, Uniswap’s native token, up […]

The decentralized finance (DeFi) crypto market has dominated both charts and headlines in the past few months, with some heralding the nascent, yet billion-dollar, crypto sub-sector as the next frontier for attracting capital and retail participants. But while much of the DeFi and “yield farming” activity has been limited to Ethereum-based projects and ERC20 tokens, […]

Over the past few years, Chinese authorities have undergone a strong crackdown on most things crypto in the country. Late last year, the Shanghai bank of the People’s Bank of China targeted ICOs, deeming them illegal; earlier this year, there were reports of local governments looking to crack down on local Bitcoin and Ethereum mining […]

The ongoing rush for “yield farming” in the crypto market has reportedly led to Chinese investors withdrawing funds from exchanges in the country to lock them up on obscure protocols that promise high yields, said local outlet WuBlockchain earlier today. Ethereum withdrawals surge in China Colin Wu, a reporter focused on the local blockchain and […]

Wouldn’t it be weird if the first thing you saw in your morning newspaper was a massive Bitcoin logo? Well, that’s what happened on Aug. 24, when readers of the popular Hong Kong newspaper the Apple Daily were treated to a full-page advertisement promoting the leading cryptocurrency. Genesis Block: Bitcoin will never ditch you We […]

Chinese citizens moved over $50 billion from the country using Tether to avoid upcoming capital flight rules, reported news outlet CNBC. China tethers up Chainalysis, the on-chain crypto analytics company, provided data for the report. It stated that Chinese investors were transferring more money than allowed out of the country if the numbers were considered. […]

China’s ByteDance and its extremely popular social media app TikTok are in turmoil in the US as President Trump has threatened to ban the application if a merger with a US company, namely Microsoft, does not occur by September 15th. Trump has taken a very aggressive stance against the Chinese control of Tiktok, stating: “Right […]

BSN, a Chinese government-backed blockchain platform, has just launched its official international website. The English-language website went live on Aug. 10 with an aim to attract developers to build dApps and run nodes on the six public chains the network consists of. The launch of the website comes weeks after China’s ambitious BSN project forked, […]

Six public blockchain nodes will be soon integrated into the Blockchain Service Network (BSN), one of China’s foremost blockchain projects. BSN’s official Twitter handle confirmed the development on June 21. The six nodes are Chainlink, Ethereum, Nervos Network, Iris Network, NEO, and Tezos. BSN is excited to announce the six public chains that will be […]

Accredited investors in Hong Kong are facing scrutiny from wealth managers and banks globally — the latter searching for investor ties to a pro-democracy narrative. Coinbase CEO Brian Armstrong called the above an example of why “open finance” was required in today’s environment. “Politically exposed” One year after Hong Kong demonstrators led rallies against an […]

Decentralized finance (DeFi) applications are driving growth in the cryptocurrency market in 2020. Some projects launched this year have posted both billion-dollar valuations (based on market cap), multi-digital user growth, and a rise in trading volumes. But one crypto-obsessed country is absent from the action — China. While being very stringent on cryptocurrencies, the country dominates […]

China’s regulatory approach to blockchain and cryptocurrencies is not going unnoticed, and it has caught the attention of Ripple CEO Brad Garlinghouse. Garlinghouse said China is ahead of the U.S. when it comes to the regulatory aspects of the disruptive sector. His comments come as the Far Eastern superpower has already begun trials of its […]