China | ForkLog

ForkLog 21 01.03.2021

Free TON Network Integrated into China’s State Blockchain Platform BSN

TON Labs, one of the founders of the Free TON ecosystem, has become a partner of China's state blockchain platform, the Blockchain-based Service Network (BSN). This was disclosed to Forklog by company representatives.

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ForkLog 9 25.02.2021

People’s Bank of China and UAE central bank join Hong Kong–Thailand CBDC bridge project

The Hong Kong Monetary Authority and the Bank of Thailand announced the joining of the People’s Bank of China (PBOC) and the Central Bank of the UAE to the second phase of the CBDC Bridge project. The project was previously known as Inthanon-LionRock. Under the initiative, a proof of concept will be developed for using distributed ledger technology in real-time cross-border multi-currency payments. The creators of the new 'bridge' plan to expand the project by attracting more monetary regulators, primarily from Asia. Organisers expect that, through joint efforts, cross-border transfers will be more efficient, cheaper, and less complex in terms of regulatory compliance. If successful, the 'bridge' could be used in international trade settlements and capital market operations. Earlier, the HKMA and the Bank of Thailand had determined that the CBDC would be based on {{AOPEN_1}}a solution based on the second-largest cryptocurrency by market capitalization{{ACLOSE_1}}, and their partner would be the Ethereum studio ConsenSys. In December, ForkLog reported that the HKMA was discussing with the PBOC {{AOPEN_2}}testing the digital yuan in cross-border payments{{ACLOSE_2}}.

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ForkLog 9 23.02.2021

Bloomberg: Tencent- and Ant Group-backed banks to test the digital yuan

Two Chinese banks will test the digital yuan with the support of Tencent and Ant Group. Bloomberg reports this.

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ForkLog 6 10.02.2021

Media: Chinese authorities grant licence to a foreign bitcoin exchange

South Korean cryptocurrency exchange DBX announced the opening of a licensed subsidiary in China. Local media reported this.

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ForkLog 9 09.02.2021

China unveils operating system for quantum computers

A Chinese startup Origin Quantum Computing Technology released the first operating system for quantum computers. According to Xinhua News Agency.

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uskoryayushhei-sya-fragmentatsii-mirovogo-interneta

ForkLog 23 09.02.2021

China-based miners assemble a laptop-farm capable of yielding $77,000 in Ethereum per year

Gaming laptops powered by GeForce RTX 30 GPUs have become popular among Chinese Ethereum miners, according to the BTCer blogger.

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ForkLog 10 08.02.2021

China to test offline wallet for the digital yuan

A unit of the Agricultural Bank of China in the 'megacity of the future' Xiong'an in Hebei province has developed a hardware wallet for the digital yuan (DCEP). City authorities timed the start of its testing for the upcoming Lunar New Year (February 12), according to Cointelegraph.

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ForkLog 67 08.02.2021

Media: Chinese Bitcoin miners caused power outages in Iran

Since the beginning of January, electricity outages have hit Iranian cities, with authorities linking them to Bitcoin mining. France 24 journalists found that many mining farms in the country belong to Chinese companies seeking to hide their presence.

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ForkLog 12 05.02.2021

Suzhou to run another digital yuan test

Authorities in the Chinese city of Suzhou will distribute 30 million digital yuan among residents (about $5 million) as part of a series of experiments, The Block reported, citing local media.

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ForkLog 12 05.02.2021

China’s national blockchain platform adopts an adapted Cosmos

China’s BSN added Cosmos support to its localized network.

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ForkLog 13 02.02.2021

500.com to buy bitcoin miners for $8.5 million

NYSE-listed Chinese online-lottery services provider 500.com Limited has signed a contract to purchase 5,900 bitcoin mining devices.

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ForkLog 8 25.01.2021

Another Chinese city to distribute digital yuan

On 27 January, authorities in Chengdu, Sichuan, will distribute 30 million digital yuan to residents (~$4.6 million). The Block reports, citing local media.

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