Ex-head of China’s CBDC reportedly under investigation

The former head of China’s digital yuan initiative is reportedly under investigation for “serious violations of discipline and law.” Yao Qian, the former lead developer of China‘s central bank digital currency (CBDC) initiative, is said to be under investigation for…

111 +

Resurgent Dollar and China Overhang Commodities

A basket of commodities has been under pressure from slow growth in China and a strengthening of the U.S. dollar.

32 +

BlackRock Pulls Back From China Under Intense Pressure

BlackRock makes the decision to wind up its China Flexible Equity fund as of November 7, 2023. The post BlackRock Pulls Back From China Under Intense Pressure appeared first on BeInCrypto.

142 +

China’s Rulers Give Mixed Signals on Crypto’s Legal Status

Cryptocurrency is now legal property under Chinese law, at least in theory. But a crackdown on crypto entrepreneurs continued unabated. The post China’s Rulers Give Mixed Signals on Crypto’s Legal Status appeared first on BeInCrypto.

169 +

BlackRock Under Fire From US Lawmakers for China Ties

The House of Representatives' Select Committee on the Chinese Communist Party scrutinizes asset manager BlackRock and MSCI for China ties. The post BlackRock Under Fire From US Lawmakers for China Ties appeared first on BeInCrypto.

142 +

Circle co-founder bats for yuan-backed stablecoins in China

Jeremy Allaire said that he was under no illusions that the China was opening up to cryptocurrency. However, Circle's co-founder was encouraged by Hong Kong's embrace of virtual assets.

134 +

Shanghai Clearing House adds support for digital yuan in commodity trading

Shanghai Clearing House, a financial institution under China’s central bank, has introduced digital yuan clearing and settlement services for commodity trading, enhancing cross-border transactions and promoting the internationalization of China’s currency.

198 +

China’s Crypto Ban Proven Ineffective, What Can Other Nations Learn?

China has been under a blanket crypto ban since September 2021, but it has not stopped its citizens from buying and selling digital assets. The post China’s Crypto Ban Proven Ineffective, What Can Other Nations Learn? appeared first on BeInCrypto.

71 +

XRP Adoption in US Is What China Wants To Prevent, SEC Comes in Handy: Opinion

Patrick L. Riley believes that it is XRP adoption that keeps US from "going under"

175 +

Ethereum price prediction as crypto risks continue

Ethereum price pulled back on Monday. DeFi, gaming, and NFTs activity have dropped sharply. It also dropped because of the ongoing China protests. Ethereum price came under intense pressure on Monday as global risks pushed asset prices lower.

208 +

Huobi Token Spikes Nearly 30% In Last 24 Hours As HT Seen Rising On Revival Plans

Huobi has had its ups and downs, just like every other entity in the crypto space. Not surprising. Before the Chinese 2021 ban on cryptocurrency transactions, the COO of the company, Robin Zhu, came under investigation in China for unspecified reasons.

181 +

'Decentralization Under Centralization': How Chinese Universities Teach Blockchain

President Xi wants China to be the world’s leader in blockchain technology but has banned its most popular uses. Students and faculty wonder whether universities can successfully teach blockchain with Chinese characteristics, and if graduates can find jobs.

133 +

Graphic Processing Units Drop in China After the Ethereum Merge

Graphic Processing Units in China have plunged below their lowest levels today. The drawdowns come amid the merge of Ethereum, which is said to have been the effect of the drop.  The Most Dominant GPUs fall under the 37% Mark…

178 +

Bitcoin Down Under: Australia Bags 4th Spot In Global Crypto Adoption – Survey

Bitcoin adoption has always been the subject of rigorous debates in many countries today. With financial powerhouses such as the U.S. and China still taking a hard stance against cryptocurrencies, it remains to be seen if the adoption of crypto by different nations will reach its peak in the near future. After all, the respective […]

77 +

Bank of China unveils new e-CNY smart contract test program for school education

Under the pilot test, parents could enroll their children in after-school vocation programs via smart contracts.

168 +

Blockchain-based move-to-earn app STEPN under DDoS attacks after upgrade

Apart from trying to get rid of cheating and bots, STEPN is also working to limit its platform’s availability for users in mainland China.

78 +

Bitcoin Protected Under Chinese Law, Says China High Court

The Shanghai High People's Court in China ruled that Bitcoin is a virtual asset protected by Chinese law, and has economic value. The post Bitcoin Protected Under Chinese Law, Says China High Court appeared first on BeInCrypto.

166 +

China’s Crypto Stance Takes A Hit As Shanghai’s Top Court Upholds Bitcoin As Property

A top court in Shangai, China’s biggest city and a global financial hub has upheld Bitcoin as property under Chinese laws, pitting the government against its own anti-crypto stance.

172 +

Chinese Banking Associations Target NFTs

NFTs are increasingly under the microscope in China.

81 +

The Shanghai Tragedy Reminds Us Why China Banned Bitcoin

Disclaimer: The following op-ed represents the views of the author, and may not necessarily reflect the views of Bitcoinist. Bitcoinist is an advocate of creative and financial freedom alike. While countries under regimes are waking up to the idea of using Bitcoin as a tool for freedom, authoritarian governments that have banned all crypto activity […]

185 +

China outlaws crypto fundraising, offenders could face jail sentences

Under new legal interpretation from China’s Supreme People’s Court, raising funds using cryptocurrency is deemed as an illegal activity in the country, according to South China Morning Post. The post China outlaws crypto fundraising, offenders could face jail sentences appeared first on CryptoSlate.

244 +

Despite ban, China’s Bitcoin miners keep operating

Despite the total ban on cryptocurrencies in China, which makes it illegal for anyone to mine bitcoin within the country, several bitcoin miners still have their shops open under the radar. The post Despite ban, China’s Bitcoin miners keep operating appeared first on CryptoSlate.

223 +

China’s Bitcoin Ban Is The Unnoticed Geopolitical Event Of The Decade

It may be under appreciated just how badly the autocratic government of China blundered with bitcoin.

101 +

Actions speak: China’s crypto ban may reveal digital yuan CBDC goals

China’s ban on cryptocurrencies causes a mild slump, but recovering from this FUD is not new for crypto as China’s motives come under the scanner.

116 +

China’s Leading Crypto Exchange, Huobi, Custodies More than $1 Billion in Assets

Huobi Technology Holdings Limited holds more than $1 billion worth of crypto assets in custody. The largest cryptocurrency exchange in China noted on Thursday that at the end of August, the assets under Huobi Trust Hong Kong’s custody exceeded $1 billion.

169 +

China Unveils Plans For H2 2021 — Crypto Witch Hunt May Be Coming To An End

The People’s Bank of China has stated that its crackdown on virtual currencies has been achieved and is now under normalized supervision. The mission for the remaining months of the year is to “maintain” the status quo which is a hint that the sector may not see any major regulatory actions in the near future. […]

212 +

Can Europe Stand Up To USA and China?

118 +

China Surprises with Rate Cut, “Are Banks Under Stress?”

273 +

JPMorgan Remains ‘Bearish’ as it Refuses to “Abandon Negative Outlook,” Calling for $25k

Despite the price of Bitcoin sliding under $29,000 earlier this week, it continues to trade in the $30k-$40k range. While money continues to flow into the market and China’s crackdown on crypto mining and trading seems to be coming to an end, especially with less than a week left for the politically sensitive 100th anniversary […] The post JPMorgan Remains ‘Bearish’ as it Refuses to “Abandon Negative Outlook,” Calling for k first appeared on BitcoinExchangeGuide.

274 +

Should you buy Ethereum? The recent drop to $1,800 could lead to large gains by the end of 2021

Ethereum ETH/USD has dropped under $1,800 in June of 2021. The last time it traded below $1,800 was on March 29. China broadened its crackdown on the massive cryptocurrency mining industry by banning mines in a key southwest province known as Sichuan, where they ordered the closure of 26 mines.

226 +

Miami Mayor Says Chinese Bitcoin Miners Welcome

Mayor Francis Suarez has stated that Bitcoin miners currently under pressure in China are welcome to come to Miami. The post Miami Mayor Says Chinese Bitcoin Miners Welcome appeared first on BeInCrypto.

193 +

‘Greenish’ Cardano Next Most Likely To Hit $100 Billion Market Valuation

The cryptoverse is back to its red days. No thanks to China’s clampdown, Elon Musk’s newfound ‘green’ love, and the millions of short-term ‘panic’ investors pulling the red carpet from under cryptocurrency’s feet at the first honk of the dip horn.

226 +

‘Greenish’ Cardano Next Most Likely To Hit $100 Million Market Valuation

The cryptoverse is back to its red days. No thanks to China’s clampdown, Elon Musk’s newfound ‘green’ love, and the millions of short-term ‘panic’ investors pulling the red carpet from under cryptocurrency’s feet at the first honk of the dip horn.

235 +

December 2013 Was The First Time China Banned Bitcoin; They Hit A Hattrick This Week

At the beginning of 2013, BTC price was worth less than $15, which surged to $260 in April only to be back at $80 next month. Two months before China first struck, in October the same year, BTC price was under $90 to top out at $1,165 next month only to be back at $385 in mid-Dec.

182 +

Dogecoin, Bitcoin Cash, EOS price analysis roundup

The cryptocurrency market remains under pressure, the price of Bitcoin went below $31000 support this Wednesday, and the risk of further declines is still not over. Bank of China announced that digital tokens couldn’t be used as a form of payment, and this announcement created a sell-off.

273 +

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.

165 +

China Bans Financial Institutions From Participating in Crypto Services

Under this ban, no banks or online payments channels are permitted to offer clients any services involving cryptocurrency. The post China Bans Financial Institutions From Participating in Crypto Services appeared first on BeInCrypto.

169 +

China Bans Bitcoin Again

Ah sweat nice old FUD Three associations under the central bank of China, the China Internet Finance Association, the China Banking Association, and the China Payment and Clearing Association, have...

205 +

СМИ: Китай запретил поддерживать связанный с криптовалютой бизнес

Три ассоциации при Народном банке Китая (НБК) выпустили совместное уведомление, запрещающее компаниям поддерживать связанный с криптовалютами бизнес. Об этом сообщил журналист Колин Ву. Breaking: Three associations under the Central Bank of China issued a document requiring institutions not to conduct virtualcurrency business, calling on the public not to participate in virtualcurrency, and emphasizing that virtualcurrency transactions are not protected by law.

229 +

China’s Central Bank Runs a Cross-Border Trial of Digital Yuan

According to the state-run Shenzhen Special Zone Daily newspaper, the People's Bank of China is now ready to run a trial of its digital yuan through cross-border payments. China’s central bank is running a one-day pilot program under which selected Hong Kong residents can use the central bank digital currency (CBDC) as a payment method […] The post China’s Central Bank Runs a Cross-Border Trial of Digital Yuan first appeared on BitcoinExchangeGuide.

201 +

Binance Appoints Former US Senator to an Advisory Role; Weibo Suspends its Social Account

World’s largest cryptocurrency exchange, Binance, appointed Max Baucus, a former U. S. senator and ambassador to China under the Obama regime, as an advisor on government relations. Baucus's main role will be connecting the exchange to U.

217 +

Bitcoin Miners Strain Under Semiconductor Supply Crunch, Second-Hand Mining Rig Prices Soar

Bitcoin mining rig manufacturers are dealing with a semiconductor supply crunch according to regional reports stemming from China. There’s been a global semiconductor supply shortage and it’s affecting nearly every type of business in the supply chain that manufactures cars, PCs, laptops, smartphones, and cryptocurrency mining devices.

310 +

Global Chip Shortages Disrupt Bitcoin Mining Rig Production: China’s Dominant Position as Hash Rate Leader Under Threat

The ongoing global shortage of chips that are used in the production of bitcoin mining rigs is now causing manufacturing disruptions. According to one report, these disruptions are causing a shortage of rigs on the market and subsequent price increases.

152 +

Justin Sun dispels rumors that TRON is under regulatory scrutiny

Justin Sun, Founder and CEO of TRON, recently took to Twitter to dispel rumors that Tron was in the middle of extensive regulatory scrutiny in the United States and China. According to Sun, neither thThe post Justin Sun dispels rumors that TRON is under regulatory scrutiny appeared first on AMBCrypto.

213 +

IOST Leads under “Basic Technology” in the Latest CCID Ranking

The Center for Information and Industry Development (CCID), an agency under China’s Ministry of Industry and Information Technology, and a part of the Secretariat of China Blockchain Ecosystem Alliance, in their 21st release of the CCID Global Public Blockchain Technology Assessment Index, rank IOST third only behind EOS and Ethereum.

288 +

Another Asian Crypto Exchange Suspends Withdrawals as China Detains One of Its Founders

Chinese authorities are launching a national crackdown against fraudulent SIM card and bank account schemes. The latest detained under this operation is one of the founders of a Hong Kong-based cryptocurrency exchange CEO Global (ceobi).

115 +

The US election seals China's victory in digital currency supremacy

While there is an unclear future for digital currency development under Joe Biden’s presidency, China is leading the race.

213 +

Bitcoin Ascends in New Crypto Ranking by State-Backed Chinese Institute

China’s Center for Information and Industry Development (CCID), under the country’s Ministry of Industry and Information Technology, has released its 20th ranking of crypto projects. A total of 37 crypto projects are ranked this time around overall as well as in three separate categories: basic technology, applicability, and creativity.

140 +

Binance CEO: China’s Lead in CBDC Development to Make Digital Yuan More Dominant Currency

Changpeng Zhao (CZ) has said that China’s central bank digital currency (CBDC) has a strong lead. As a result, other countries would be under pressure to design their own CBDCs. Binance CEO Changpeng Zhao, in an interview with Bloomberg on Nov.

250 +