China | ForkLog

ForkLog 9 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.

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ForkLog 9 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.

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ForkLog 20 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.

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ForkLog 12 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.

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ForkLog 5 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.

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ForkLog 10 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.

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ForkLog 6 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.

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ForkLog 16 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.

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ForkLog 9 23.10.2020

PBOC helps authorities arrest suspects in USDT money laundering

The People's Bank of China helped law enforcement identify suspects involved in organising illegal gambling. They used Tether (USDT) to launder money, The Block reports.

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ForkLog 8 19.10.2020

95% of Shenzhen red-envelope lottery winners spent their digital yuan prize

47,573 of 50,000 Shenzhen red-envelope lottery winners with 200 digital yuan (~$29.50) received and spent the prize. Cointelegraph, citing city authorities, reports this.

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ForkLog 9 19.10.2020

Digital yuan to offer partial anonymity for transactions

The digital yuan is being tested for limited transaction anonymity, where the merchant is not shown in the record, according to 8btc.

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ForkLog 5 16.10.2020

Shenzhen gas stations start accepting the digital yuan

Eleven gas stations in Shenzhen have started accepting the digital yuan as part of a pilot project to use the payment system built on it (DCEP). Deсrypt reports, citing local media.

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