Chinese investors are paying no mind to the government warnings on over-the-counter cryptocurrency trading as they rush into the market in large numbers to accumulate their own share of cryptocurrencies, …
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Chinese press claims regulators want to cancel Bitcoin, but this is impossible
Award-winning journalist Colin Wu is crypto-Twitter’s bridge to the Chinese press. He extracted and translated the main points of an article from CaiXin magazine, “which is most recognized by Chinese financial officials.” …
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Bitcoin (BTC) mining difficulty declines by 16% as hashrate drop precedes China’s crackdown note
Bitcoin’s mining difficulty saw a notable decrease around Sunday midnight UTC time as the network’s hash rate has dropped significantly even before China’s bitcoin mining crackdown comment. On-chain data shows …
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China’s crackdown on BTC mining is becoming real
After barring the use and trading of cryptocurrency, Beijing has indicated that it will turn next to cryptocurrency mining. China’s vice-premier Liu He last Friday said the government would clamp down on …
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Cardano Founder Charles Hoskinson Shares His Take on Bitcoin Mining Drama in China
Charles Hoskinson recalls that proof of stake (PoS) systems demonstrate higher mobility and therefore can be deployed “anywhere in the world.” “I wish Chinese miners the best of luck” In …
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Bitcoin Miners Cease Operations In China After Vice Premier’s Comments
Chinese Bitcoin miners are scrambling to shift or shut operations after the latest round of ‘crypto FUD’ initiated by the government, a report on news outlet Reuters said today. Crypto exchange Huobi suspended all …
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Institutions Prohibited From Doing Cryptocurrency Business In China
A Chinese journalist that covers everything to do with crypto and blockchain industries has reported that, according to a recent order from three leading Chinese associations, financial institutions are forbidden to …
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Alipay To Allow Users To Test China’s Digital Yuan
Alipay, the mobile payment platform owned by Ant Group, is set to allow some of its users to participate in the emerging digital yuan commerce ecosystem. According to a report by China …
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Chinese Crypto Exchange, Hotbit, To Go Offline After Unsuccessful Cyberattack
Chinese crypto exchange, Hotbit, has shut down all of its services after suffering a cyberattack on Thursday. The cryptocurrency exchange with over 2 million users worldwide announced that it suffered …
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Chinese Online Retail Giant JD.com To Adopt Digital Yuan For Salary Payments
JD.com has been using China’s Digital Currency Electronic Payment, or DCEP, system to pay the salaries of some employees since January. The e-commerce firm revealed the news on Sunday while announcing its …
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