China | ForkLog

ForkLog 8 25.09.2020

Chinese state media dub cryptocurrencies the best-performing asset of the year

Several government-aligned media outlets in China published upbeat reports about cryptocurrencies. The attention to the unusual agenda was drawn by Dovey Wan, managing partner of Primitive Ventures.

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ForkLog 8 23.09.2020

PBoC draws up blacklist of OTC cryptocurrency traders

The People's Bank of China has drawn up a blacklist of accounts belonging to major traders on local cryptocurrency OTC platforms. Those named will be barred from online banking for five years, according to DeCrypt, citing local media.

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ForkLog 9 21.09.2020

China plans to challenge dollar dominance with a CBDC

The People's Bank of China intends to outpace other countries and be the first to issue its digital currency (CBDC). Reuters reports, citing the regulator's comments.

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ForkLog 6 18.09.2020

U.S. charges five Chinese nationals in cyberattacks against hundreds of companies and crypto-jacking

U.S. authorities charged five Chinese nationals with involvement in a fraudulent scheme whose victims numbered more than 100 companies worldwide. In addition to data theft, the hackers also infected victims' computers with ransomware and engaged in crypto-jacking, according to U.S. Department of Justice documents.

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ForkLog 13 17.09.2020

Media: Chinese blockchain platform centralises public networks for local users

From the second half of November through April 2021, the China-based Infrastructure Blockchain Platform (BSN) will integrate 24 public networks. In intra-network transactions, users in China will use the yuan. This memo is in CoinDesk's possession.

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ForkLog 13 14.09.2020

PBOC to require nationwide acceptance of the digital yuan

The People's Bank of China regards the digital yuan as a legal tender that must be accepted nationwide. This was written by Deputy Governor Fan Yifei in a column for Financial News.

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ForkLog 16 14.09.2020

China’s national blockchain platform to integrate the DAML smart-contract language

China's Infrastructure Blockchain Platform (BSN) will add support for the DAML smart-contract language from American company Digital Asset.

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ForkLog 8 11.09.2020

Media reports of raids at Gate.io office

Chinese police are conducting searches at the Gate.io exchange's offices, according to journalist Colin Wu. There is no official confirmation from the company; the platform is operating normally.

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ForkLog 16 08.09.2020

In China, creators of PlusToken pyramid scheme charged

The Xiangshui County People's Procuratorate has charged six creators of the PlusToken cryptocurrency pyramid with organizing and running a fraudulent scheme, as stated in the department's filing.

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ForkLog 8 07.09.2020

Campaign to withdraw funds from Bitcoin exchanges launched in China.

Chinese crypto investors faced difficulties withdrawing funds and disruptions at centralized exchanges. Some community members urged withdrawing coins held on the exchanges and closing their accounts. Local journalist Colin Wu reported this.

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ForkLog 9 02.09.2020

Chinese citizens will be able to store digital yuan in hardware wallets

China's central bank digital payments system (DCEP) envisions using both mobile and standalone hardware wallets. The details were contained in the digital yuan's terms of use, which CoinDesk studied.

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ForkLog 11 31.08.2020

Bitcoin loses ground in new Chinese cryptocurrency ranking

The China Center for the Development of Information Technology (CCID) published the 19th global ranking of cryptocurrencies. Bitcoin failed to hold 12th place and returned to April levels – down to 14th place, Bitcoin.com reports.

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