China | ForkLog

ForkLog 12 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 11 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 12 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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ForkLog 22.11.2020

China’s leader urges the G20 to develop universal standards for CBDCs

Participants in the G20 should discuss developing standards for central bank digital currencies (CBDCs) with an open and constructive approach, said Xi Jinping.

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ForkLog 12 20.11.2020

Media: Chinese authorities have no role in compiling the global cryptocurrency ranking

The global cryptocurrency ranking published by China's Centre for Information Industry Development (CCID) is not tied to regulators and is the private opinion of a consulting firm. Librehash reports this.

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ForkLog 8 19.11.2020

Analysts link Bitcoin rally to miners’ troubles in China

Much of the more-than-two-month rally in Bitcoin’s price is linked to a drop in cryptocurrency sales by Chinese miners, according to analysts at QCP Capital.

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ForkLog 7 16.11.2020

Media: Chinese Bitcoin miners unable to pay for electricity

Chinese miners are facing serious difficulties in paying electricity bills, according to journalist Colin Wu. The measures by authorities against cryptocurrency exchanges as part of the fight against money laundering.

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ForkLog 10 14.11.2020

Analyst: Political risks will hinder the global success of China’s blockchain platform

China's Infrastructure Blockchain Platform (BSN) will continue to develop steadily in the country, but in the near future it will not become a global network. This view was voiced by Forrester's chief analyst Marta Bennett in an interview with Cointelegraph.

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ForkLog 11 13.11.2020

Huobi users withdrew $300m in Bitcoin amid regulatory headwinds

Outflows of cryptocurrency from Chinese exchanges to other platforms surged amid regulatory headwinds. The news of the disappearance of Huobi's chief operating officer Robin Zhu on November 2 added fuel to the move.

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uskoryayushhei-sya-fragmentatsii-mirovogo-interneta

ForkLog 11 11.11.2020

World’s second-largest bank to sell $3 billion in blockchain-based bonds for Bitcoin

The Chinese China Construction Bank (CCB), in collaboration with the cryptocurrency exchange Fusang, will issue debt securities worth $3 billion on the blockchain. The South China Morning Post reports this.

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ForkLog 9 11.11.2020

Media: Beijing to run a citywide test of the digital yuan

Beijing residents will take part in a major test of the digital yuan being developed by the People's Bank of China. 8btc reports, citing local media.

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