China | ForkLog

ForkLog 11 09.11.2020

Chinese exchange TokenBetter suspends withdrawals amid investigation

Sichuan police are investigating TokenBetter, according to journalist Colin Wu.

AI translated

uskoryayushhei-sya-fragmentatsii-mirovogo-interneta

ForkLog 10 05.11.2020

Media: Former Huobi and OKCoin CFOs accused of wrongdoing in Hong Kong-listed company purchases

An ex-Huobi employee initiated a Chinese investigation into former Huobi CFO Chris Li, accusing him of illegal purchase of two Hong Kong-listed companies, according to journalist Colin Wu.

AI translated

ForkLog 11 02.11.2020

China to take an active role in shaping international CBDC regulation

China should become an active participant in the debate on creating an international regulatory framework for central bank digital currencies (CBDCs). President Xi Jinping set such a goal in 'Questions on Medium- and Long-Term Socio-Economic Strategies,' CoinDesk reports.

AI translated

ForkLog 12 02.11.2020

PBOC governor reports 4 million digital yuan transactions

Yi Gang, governor of the People's Bank of China, said that users completed more than 4 million digital yuan transactions in the pilot program implemented in four cities. Bloomberg reports this.

AI translated

ForkLog 10 30.10.2020

Huawei adds digital yuan support to its Mate 40 smartphone

The tech giant Huawei unveiled the Mate 40 smartphone with a built-in hardware wallet for China's central bank digital currency, according to The Block.

AI translated

ForkLog 10 29.10.2020

People’s Bank of China warns of counterfeit wallets for the digital yuan

Although the digital yuan is still in the pilot phase, counterfeit wallets have already appeared. Mu Changchun, director of the CBDC Institute at the People's Bank of China, said this, according to 8btc.

AI translated

ForkLog 21 29.10.2020

In China, organizers of a $1.1 billion WoToken crypto-pyramid are sentenced

A court in China sentenced the organizers of the WoToken cryptocurrency pyramid, which caused about $1.1 billion in damage, according to The Block.

AI translated

ForkLog 20 29.10.2020

How China’s Digital Yuan (DCEP) Put It at the Forefront of Monetary Innovation

In 2020 many countries stepped up efforts to develop their own central bank digital currencies (CBDCs). According to the latest BIS report, 80% of central banks are studying the potential of national digital currencies, and half of them are already experimenting with new payment instruments.

AI translated

ForkLog 8 27.10.2020

Arcane Research: China’s dominance in Bitcoin mining is steadily shrinking

The share of Chinese miners in Bitcoin's hash rate is shrinking as computing power grows in other countries, including the United States and Kazakhstan, analysts at Arcane Research noted.

AI translated

ForkLog 12 27.10.2020

Bitcoin hash rate falls sharply as Sichuan’s rainy season ends

According to BitinfoCharts, since October 24 the Bitcoin hash rate has fallen by about 27% — from 148.8 EH/s to 108.9 EH/s. Experts linked the significant drop to the seasonal migration of miners in China.

AI translated

ForkLog 7 25.10.2020

China says it is ready for an ‘offline-wallet’ for the digital yuan to undergo testing

It is expected that a wallet capable of transferring funds offline for both parties will be used in the next pilot stage of the digital yuan project. 8btc reports, citing the director of the China CBDC Institute.

AI translated

ForkLog 17 23.10.2020

PBOC to ban yuan-pegged tokens

The Chinese financial regulator has put amendments to the Law on the People's Bank of China up for public discussion. They provide for the legalisation of the digital yuan and prohibit the issuance of yuan-pegged tokens.

AI translated

#China