China | ForkLog

ForkLog 11 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 5 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 11 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 5 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 5 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 14 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 11 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 7 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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ForkLog 8 27.11.2020

China sells confiscated PlusToken cryptocurrencies worth $4.2 billion

Chinese authorities have sold confiscated cryptocurrencies from the PlusToken pyramid scheme investigation, valued at $4.2 billion. The Block reports, citing a Yancheng court order.

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ForkLog 7 26.11.2020

China’s BSN adds support for Polkadot, Oasis and Bityuan

BSN, the Chinese Infrastructure Blockchain Platform, has integrated the cross-chain protocol Polkadot, the Oasis Network cloud computing service, and the Bityuan project into its network.

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ForkLog 9 26.11.2020

US spy chief warns of China’s dominance in digital currencies

The director of the U.S. National Intelligence John Ratcliffe urged SEC chair Jay Clayton to discuss the threat posed by China, which has been increasing its activity in the cryptocurrency space. The appeal is contained in a letter that came into the possession of the Washington Examiner.

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ForkLog 10 23.11.2020

Suzhou to pilot digital yuan distribution through red packets

On December 12, the authorities of the Chinese city of Suzhou will distribute the digital yuan among its residents. The red-envelope lottery will be timed to the year-end sale season, The Block reports, citing local media.

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