China | ForkLog

ForkLog 7 18.05.2021

Media: China bans support for cryptocurrency-related business

Three associations under the Peoples Bank of China issued a joint notice prohibiting companies from engaging in cryptocurrency-related business.

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ForkLog 10 18.05.2021

Power outages in China knock Bitcoin’s hashrate by 20%

On May 17, the total hash rate of the Bitcoin network fell by 20%. The disruption was caused by power-supply outages in Sichuan province, China, due to low rainfall and a shortage of coal.

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ForkLog 13 13.05.2021

Hong Kong and China to expand testing of the digital yuan in cross-border payments

Hong Kong authorities are in talks with China to expand testing of the digital yuan (e-CNY) in cross-border transactions.

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ForkLog 19 12.05.2021

Trial begins in China against prominent Bitfinex and Binance investor

The Xihu District Court in the Chinese city of Hangzhou began hearing the case against Zhao Dong, a prominent OTC cryptocurrency trader and investor in Bitfinex, Tether and Binance. He faces up to three years in prison, according to The Block.

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ForkLog 11 10.05.2021

AliPay users to test the digital yuan

The MyBank online bank will allow some clients to conduct operations with the digital yuan (DCEP) in the Alipay app, according to the China Securities Journal.

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ForkLog 7 07.05.2021

China’s CITIC Bank bans accounts from buying and trading Bitcoin

The Chinese bank China CITIC Bank (CNCB), a subsidiary of the state conglomerate CITIC Limited, has banned individuals and legal entities from using accounts to trade digital assets.

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uskoryayushhei-sya-fragmentatsii-mirovogo-interneta

ForkLog 10 30.04.2021

Beijing to assess impact of cryptocurrency mining on electricity consumption

Beijing's municipal bureau of economy and information technology has requested local data-centre operators for information on involvement in cryptocurrency mining operations.

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ForkLog 13 29.04.2021

Media: Ant Group to Help PBoC Build Platform for Digital Yuan

The Digital Currency Research Institute of the People's Bank of China signed a strategic cooperation agreement with Ant Group to promote a technology platform for the digital yuan (DCEP), according to 21st Century Business Herald.

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ForkLog 16 29.04.2021

Chinese SSD maker will void warranty on devices used to mine Chia

The Chinese company Galax warned that it would refuse warranty service on SSDs if they are used to mine the cryptocurrency Chia.

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ForkLog 25 26.04.2021

JD.com adopts the digital yuan for payroll

Chinese online retailer JD.com announced that since January it has been paying some employees their salaries in the digital yuan (DCEP) and using it in interbank and commercial settlements.

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ForkLog 20 23.04.2021

Hashrate slump, overheated market and cascade of liquidations: what is driving Bitcoin’s price decline

Last week the hashrate of leading Bitcoin pools collapsed amid power-supply problems in China. A few days after the incident the price of the world’s leading cryptocurrency suddenly fell by about 10%. We looked into what happened, gathering a range of opinions on the latest market developments.

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ForkLog 47 21.04.2021

PwC: Bahamas and Cambodia Lead CBDC Development Ahead of China

Bahamas and Cambodia lead CBDC development, ahead of China, according to PwC.

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