Some Chinese Crypto Web sites Still Operational, Says Condition Mass media
Chinese Crypto

Some Chinese Crypto Web sites Still Operational, Says Condition Mass media

Source: Adobe/ink dropSome Chinese sites are “still selling” crypto, raising funds in tokens like bitcoin (BTC) and ethereum (ETH), and circulating crypto-related news stories from within the Mainland, a report has claimed, citing evidence from government-aligned agencies.Per the state-owned news agency Xinhua, recent proclamations from the central People’s Bank of China (PBoC) and government organs…

Binance to prevent Chinese yuan OTCs and restrict gain access to inside China
Binance Chinese

Binance to prevent Chinese yuan OTCs and restrict gain access to inside China

Binance has been limiting its services and products across the globe, and China is the latest. The exchange announced on Wednesday that it would halt its peer-to-peer trading service in China by the end of the year, finally exiting a market that it has been withdrawing from partially for years.  The Chinese digital currency market…

Chinese Companies Exiting Mainland as Crypto Crackdown Bites
Chinese Firms

Chinese Companies Exiting Mainland as Crypto Crackdown Bites

Source: AdobeStock/wittybearChinese crypto companies are exiting the country in droves after finally admitting defeat in their struggle against a regulatory storm. Many had spent the past few years attempting to rebrand themselves in Mainland China as purveyors of “blockchain”-related business and educational providers. But it appears the pressure of the nation’s latest crypto crackdown may…

Chinese Banking institutions Bolster Digital Yuan Sources Ahead of CBDC Debut
Banks Chinese

Chinese Banking institutions Bolster Digital Yuan Sources Ahead of CBDC Debut

Source: AdobeStock / EagleMajor Chinese banks are beefing up their digital yuan capacities ahead of the imminent launch of the nation’s central bank digital currency (CBDC). Per the Securities Daily (via East Money), a number of the commercial banks that have already begun working with the central People’s Bank of China (PBoC) on pilots for…

Chinese Banks Seeking to Use Digital Yuan inside Funds and Insurance policy Sector
Banks Chinese

Chinese Banks Seeking to Use Digital Yuan inside Funds and Insurance policy Sector

Source: Adobe/Aleksandra SovaSome of China’s biggest commercial banks are looking to pilot digital yuan use cases for funds and insurance-related products – in a major move away from the core functions of the pilot thus far. Since the central People’s Bank of China (PBoC) began its pilots, initiatives have focused on B2C payments in stores…

Chinese Court States Crypto isn’t Protected FOR LEGAL REASONS
Chinese court

Chinese Court States Crypto isn’t Protected FOR LEGAL REASONS

Source: AdobeStock / WitIn a landmark ruling that could shake China’s crypto scene, the Supreme Court of the Shandong province has ruled that cryptocurrency “was not protected by law” after deliberating on a case that involves a potential fraud related to the purchase of tokens, as reported by The South China Morning Post. A Chinese…

Chinese Crackdown Allow UNITED STATES Miners To HODL A lot more Bitcoin
Chinese crackdown

Chinese Crackdown Allow UNITED STATES Miners To HODL A lot more Bitcoin

Since China started cracking down on bitcoin mining, North American miners have enjoyed lower difficulty to mine and HODL more BTC. ​In July, North American bitcoin miners have enjoyed a bigger bitcoin production without meaningful increases in hash rate capacity. Five publicly listed firms mined a combined total of 1,802 BTC that month, a 58%…

Chinese, Taiwanese Bitcoin Miners Eyeing Paraguay Move
Chinese Taiwanese

Chinese, Taiwanese Bitcoin Miners Eyeing Paraguay Move

The Itaipu Dam is a huge hydroelectric dam on the Paraná River between Brazil and Paraguay. Source: Adobe/TupungatoChinese bitcoin (BTC) miners are reportedly preparing to flock to Paraguay in their droves – with reports claiming that there could be half a million rigs online in the nation in the next three years if regulators do…

Chinese artist showcases NFT property at Alibaba-sponsored innovation festival
Artist Chinese

Chinese artist showcases NFT property at Alibaba-sponsored innovation festival

NFT artworks depicting “socialist cyberpunk” housing are being showcased at the Taobao Maker Festival in Shanghai.

Some Chinese Crypto Companies Still Hiring Workers Despite Crackdown
Chinese Crypto

Some Chinese Crypto Companies Still Hiring Workers Despite Crackdown

Source: Adobe/AleksandrChina’s most recent crypto crackdown may not be as watertight as first thought – with reports from the Middle Kingdom claiming that some domestic crypto-related companies are still recruiting new staff. Per the China Securities Journal, via East Money, a number of firms in cities such as the capital Beijing, as well as Shanghai…