China Crypto News

Xi pumping Bitcoin: "China should seize the opportunity to adopt blockchain" Trump be like: "I can do this better. Let's just kill Iran's most powerful military commander and see what happens"

unconfirmed but there is a Chinese media report that a 2020 “Huron 30 Under 30” entrepreneur was arrested after somehow embezzling 300 million RMB of digital assets and blowing the whole amount by using it as collateral for shorting bitcoin

Sichuan, China, announced that the electricity used for mining in compliance in 2021 will reach 11.3 billion kWh, an increase of more than 150% over last year, and it is expected to increase 10 billion later. Transaction price is $0.02/kWh, an increase of about 16% over 2020.

Someone deployed "TANKS OF TIENANMEN" to the Binance Smart Chain. Let's see how far this goes🍿 Will @cz_binance show his hand? Or risk the wrath of China? "Cypherpunks know how to attack a system and how to defend it" #code" target="_blank" rel="nofollow noopener">bscscan.com/address/0xb79c…

Anyone interested to take over the China Crypto News twitter handle? DM

NEW: Chinese police have seized $4.2 billion cryptos from PlusToken Ponzi crackdown, according to a new court ruling (via @wolfiezhao) theblockcrypto.com/post/85873/chi…

NEW: It seems like another crackdown on crypto exchanges is happening in China, but @Binance appears to be a winner, with $300m in bitcoin going to their exchange in recent days. @MuyaoShen reports: trib.al/5iUBcBY

The Chinese government appears to view Ant Group as a destabilizing force, and the digital yuan is a way to keep it in check. @DavidPan_1 reports. trib.al/u6F1JO7

$3 billion in blockchain bonds to be issued by China Construction Bank this week will be tradable against both bitcoin and U.S. dollars. Via @sebsinclair1989 trib.al/nBA4GaT

.@Binance has awarded a bounty of $200,000 to private investigators who helped identify now-indicted bad actors who attacked the exchange in 2018 and stole from users in a phishing campaign. Via @Dan_Z_Palmer trib.al/RAAQdjx

People daily online posted an article about cryptocurrency,it says buy or sell crypto to fiat might violate the foreign exchange control and anti money laundering law, and if you made the profit from crypto but didn’t pay person income tax might be suspected for tax envisions

The testing phase of China’s digital yuan initiative has so far conducted 4 million transactions with over $300 million, says the PBoC’s governor Yi Gang theblockcrypto.com/linked/83187/p…

ICYM: Huawei rolls out new smartphone with a built-in hardware wallet for China's digital yuan theblockcrypto.com/linked/82985/h…

Amazing speech by Jack Ma. Not easy to be so openly commenting on regulations in China. Talked a lot about cryptocurrency and the future. It’s in Chinese, not sure of there is an English transcription available. mp.weixin.qq.com/s/_8dH665s8oeU…

Breaking: The People's Bank of China issued a draft of legal comments, clearly stipulating that no unit or individual may produce and sell tokens, coupons and digital tokens to replace CNY in circulation in the market.

Promoting Wanchain 5.0 crosschain #DeFi here at Shenzhen. Big crowd!

On Oct 20, #VeChain, DNV GL & Shanghai Renji Hospital jointly announced the building of an intelligent tumor center on VeChain #blockchain! We're excited to contribute to global public health especially in tumor prevention & treatment using our tech. Stay tuned for more info!

@tradebutwhy I think many ppl in the crypto echo chamber OD'ed on hopium. China's fx policies only became more strict over the years

@ChinaCryptoNews Lots of people seemed to miss this when they fantasized about “other countries adopting the digital RMB”

Doesn't come as a surprise: China's digital Yuan cannot be exchanged for foreign currency or gold neither can be taken abroad #DCEP

Translation

China airdropped 10 million DCEP worth about $1.5 million to 50,000 people this week. The experiment shows just how far along China is with its digital currency and should serve as yet another wake-up call for Western powers to catch up messari.io/article/dreams…