China | ForkLog

ForkLog 8 14.12.2020

Digital yuan payments top 20,000 JD.com purchases in 24 hours

Nearly 20,000 DCEP transactions were made by users on JD.com in the first 24 hours after the experiment began in Suzhou, according to Global Times.

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ForkLog 8 12.12.2020

Six Banks to Provide Wallets for Digital Yuan Tests in Suzhou

Six of China's largest commercial banks will provide wallets for testing the digital yuan (DCEP) during the 'red envelope' lottery in Suzhou, CLS reports.

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ForkLog 10 07.12.2020

China to test digital yuan payments by tapping smartphones

Suzhou residents will test the 'tap' function on smartphones during the upcoming DCEP trials, Nikkei Asia reports.

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ForkLog 13 07.12.2020

People’s Bank of China and Hong Kong to deploy the digital yuan in cross-border payments

The Hong Kong Monetary Authority (HKMA) is discussing testing the digital yuan with the People's Bank of China. The asset is planned for use in cross-border payments, CoinDesk reports.

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ForkLog 13 06.12.2020

Internet giant JD.com to join digital yuan pilot testing

JD.com, the second-largest online retailer by turnover in China, will be the first among the country's e-commerce hubs to deploy the digital yuan, Bloomberg reports.

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ForkLog 6 06.12.2020

Chinese exchange CEO Global halts deposits and withdrawals after founder’s arrest

The Chinese exchange CEO Global has suspended deposits and withdrawals after the arrest of the principal founder, according to journalist Colin Wu.

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ForkLog 12 04.12.2020

China says it has built the world’s most powerful quantum computer

A group of Chinese researchers has built a prototype quantum computer that processes data 10 billion times faster than Google's 53-qubit device. The results were published in Science.

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ForkLog 6 03.12.2020

Chinese media characterise Bitcoin’s new records as hype

Chinese online media Sina and the state-run Xinhua News Agency urged residents of the PRC to focus on blockchain technology and ignore the 'unexplainable' rise in the price of the first cryptocurrency, Bitcoin.com reports.

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ForkLog 8 03.12.2020

Bloomberg: Digital yuan rollout will reshape Macau’s gaming industry

Operators of the world's largest casino hub are concerned about the possible introduction of a digital currency backed by China's central bank in Macau, Bloomberg reports citing its own sources.

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ForkLog 19 01.12.2020

PlusToken pyramid founders sentenced to prison in China

The Yancheng City Court in Jiangsu province, China, sentenced 14 organizers of the PlusToken cryptocurrency pyramid. The South China Morning Post reports this.

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ForkLog 12 01.12.2020

Media: Chinese authorities cut power to miners

The Baoshan city authorities in Yunnan province banned power plants from serving local miners. This was reported by journalist Colin Wu.

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ForkLog 8 30.11.2020

Opinion: Sale of confiscated PlusToken coins worth $4.2 billion — FUD and nothing more

Chinese authorities have already sold most of the PlusToken pyramid’s seized cryptocurrency, worth $4.2 billion. The market should not be worried, says Matthew Graham, head of Sino Global Capital.

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