Some of China’s largest state banks are actively promoting the digital yuan as a superior means of payment to the country’s two leading payment providers, Alipay and WeChat Pay. In …
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Chinese Police Seize $ 3.8 Million Cryptocurrency After Arresting dApp EOS Gambling Team
Chinese police officers have confiscated nearly $4 million in various cryptocurrencies after a raid against several developers that operated a decentralized gambling app built on the EOS blockchain. After receiving …
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China is studying crypto as an investment tool
Li Bo, recently appointed deputy governor of the People’s Bank of China, or PBoC, reportedly spoke on the benefits of crypto as an investment tool while highlighting regulatory uncertainty in …
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China Aims To Allow Foreigners To Use Digital Yuan At 2022 Winter Olympics
China’s central bank is looking to enable foreign athletes and visitors to use the country’s digital currency during the Beijing Winter Olympics in 2022, according to a top central bank …
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China To Study Bitcoin (BTC) as an Alternative Investment
China is a country well-known for its support toward the ‘blockchain not bitcoin’ narrative. The country attempted to clamp down on cryptocurrencies more than once, but it appears that it’s …
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China to write blockchain and digital currency into nation’s future
For the first time, the words blockchain and digital currency have been officially written into China’s blueprint for the next half-decade. The National People’s Congress published the 14th five-year plan …
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Chinese Beauty App Meitu Has Added $22M Ethereum to Balance Sheet
Meitu announced a $40 million investment in Bitcoin and Ethereum, making the Chinese company the first to disclose an Ethereum investment for its treasury. The board of the company had …
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Chinese Tech Company Purchases Signal Asian Corporate Attention
The Chinese company Meitu announced on March 7 the purchase of 5,000 ETH and more than 379 BTC. The purchase, on Mar. 5, is part of an investment plan using cash …
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China’s Inner Mongolia Plans To Suspend Bitcoin Mining
China’s Inner Mongolia region will suspend Bitcoin mining before the end of April, according to the government’s new energy-saving plan. China is currently the most active country for Bitcoin mining, controlling 65% of Bitcoin’s …
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Nervos announced a $5 million fund to back DeFi projects
China’s Nervos Network has launched a $5 million fund to support projects building decentralized exchanges, lending platforms, and other DeFi protocols. According to a Feb. 10 announcement from Nervos, the fund will …
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