China | ForkLog

ForkLog 13 08.07.2021

PBoC deems Bitcoin and stablecoins speculative instruments

Fan Yifei, deputy governor of the People's Bank of China, said that Bitcoin and stablecoins have become speculative instruments, posing risks to the security of the financial system and social stability.

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ForkLog 9 07.07.2021

Tencent deploys facial-recognition to curb underage gaming at night

The Chinese tech giant Tencent has rolled out the Night Patrol facial-recognition system to bar underage gamers from online games from 22:00 to 08:00. It will also prevent children from exceeding a daily limit of 90 minutes.

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ForkLog 8 06.07.2021

Chinese authorities shut down a crypto-related software company

The Department of Business Administration of the People's Bank of China (PBOC), the Beijing Financial Regulation Bureau, and the authorities of the capital's Huairou District closed a local software development company for cryptocurrency operations, according to a statement.

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ForkLog 8 05.07.2021

Opinion: China’s crackdown on miners is a boon for Canada

Diversification of Bitcoin mining centers due to the crackdown in China is good news for Canada. This view was expressed by Huram Shroff, head of the Dubai-based investment firm IBC Group.

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ForkLog 7 05.07.2021

Chinese developers outpace the United States in an international smart-city competition

Tech giants Alibaba and Baidu won the AI City Challenge, beating competitors from 38 countries. Chinese firms or universities took first and second places in all five categories, Wired reports.

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ForkLog 15 02.07.2021

China to trial digital yuan with restricted use cases

Authorities in Chengdu, the capital of Sichuan province, will distribute 12 million digital yuan ($1.85 million) among residents. A defining feature of this distribution is the programmable use cases of the CBDC.

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ForkLog 24 01.07.2021

Mike Novogratz: Exodus of miners from China will benefit the industry

The Galaxy Digital founder Mike Novogratz called the exodus of miners from China a 'major plus' for the cryptocurrency industry. In an interview with Bloomberg, he stated that the PRC's repressive policies will not hinder Bitcoin's development.

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ForkLog 10 30.06.2021

Beijing and Suzhou extend metro payments to the digital yuan.

Participants in the Beijing CBDC trial can pay fares on all metro lines using CBDC. The corresponding decision was adopted by the capital's municipal authorities.

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ForkLog 9 29.06.2021

Small hydroelectric plants go on sale in China amid crackdown on miners

Owners of small hydroelectric plants in China are forced to sell equipment amid restrictive measures against Bitcoin miners. The South China Morning Post (SCMP) reports.

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ForkLog 8 29.06.2021

Matthew Graham: Tales of Green Bitcoin Mining Sound Like Lobbying Propaganda

In an exclusive interview with ForkLog editor-in-chief Nikita Shteringard, the investor explained the Chinese authorities' policy toward cryptocurrencies and named the motives behind the latest hard decisions. The interview also discussed green mining, the technological arms race between Washington and Beijing, and signs of a cult within the Bitcoin maximalist community.

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ForkLog 11 28.06.2021

OKCoin and BTCChina respond to China’s crypto crackdown

The cryptocurrency exchange OKCoin liquidated Beijing Lekuda Network Technology Co., Ltd., a Beijing-based company. This was reported by journalist Colin Wu.

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ForkLog 12 28.06.2021

Huobi restricts crypto-derivatives trading for Chinese and British investors

The cryptocurrency exchange Huobi no longer offers derivatives trading in cryptocurrencies to residents of China, the United Kingdom, and several other countries. This is evidenced by the updated user agreement.

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