News about CHINA

News about China

China Announces 15 Pilot Zones for Testing Blockchain Tech

China announced 15 pilot zones for testing the application of blockchain technology for several service sectors. (Read More)

China pilots nationwide blockchain development over real-world use cases

Some of the key areas of blockchain development include manufacturing, energy, government data sharing and services, law enforcement, taxation, criminal trials, inspection, and cross-bord...

So now that china can’t ban crypto anymore, you guys realize “the US will ban crypto” is the new “fud shaker”

Sometimes the patterns are so obvious it hurts. Lets make it really clear from the start: “there are people and parties that wan’t your bitcoin. Preferably cheaper than it is now” Thats all you need to remember. The rest is noise. Yes politics may c...

CasperLabs to become blockchain of choice for the City of Fuzhou, China

CasperLabs is building an open-permissioned blockchain protocol and will be a service provider to China’s Blockchain-based Service Network. On Friday, CasperLabs, a b...

Russia bans Bitcoin like China!!!! BTC goes to $20K ????? Dengerous!!!!

submitted by /u/BlackFish_Ua [link] [comments]

China’s Central Bank Digital Currency Now Has 261 Million Users — $14 Billion in Digital Yuan Transactions Made

China’s central bank digital currency now has 261 million unique users, according to an official of the central bank, the People’s Bank of China (PBOC). Furthermore, transactions worth 87.5 billion yuan ($13.78 billion) have been made u...

Bitcoin mining status in China now

Hello, I have several friends running large bitcoin farming in China. Here are some information i got recently. Large mining farms were closed, but mining machines were not confiscated and most were moved overseas. Mining from small home graphics car...

China to launch NFTs platform, but changes name to “digital collectibles”

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Fed's Lael Brainard invites Congress to choose whether to compete with China's digital yuan

“We want to make sure that we do the requisite research on policy and technology so we're in a position to move forward if Congress decides it's important to be able to compete with China...

China aims to separate NFTs from crypto via new blockchain infrastructure

China does not want its crackdown on cryptocurrencies to cause the country to fall behind in the NFT boom. China is planning to draw a clear line between cryptocurrenc...

Digital Yuan Wallet Ranks Among Most Downloaded Apps in China

The new wallet of China’s state-issued digital currency has quickly become one of the most downloaded applications in the country, within days of its launch. Its use and integration with other apps have contributed to an increase of digital yu...

China officially labels crypto mining as ‘obsolete’

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CBDC wallet tops mobile app store charts in China

The pilot version of China’s official digital yuan wallet app has become the most downloaded app in local mobile app stores. The official digital yuan wallet app that...

New year, new China FUD: Today the Chinese government officially included cryptocurrency mining as an industry that should be eliminated. Till now, some miners were paying punitive charges to continue mining, but now that too will be eliminated

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Social Media Giant Wechat to Support China’s CBDC, Platform Expected to Boost Adoption Rate

China’s social media giant, Wechat has said it will support the digital yuan in a move that is expected to increase the of Chinese residents that use the central bank’s digital currency (CBDC). Wechat’s support of the digital yua...

Major payments app WeChat to add support for China's digital yuan

While WeChat isn't as popular outside of China as WhatsApp, it is ubiquitous on the mainland. WeChat, China's largest messaging app and one of the country's most popul...

China’s Digital Yuan Wallet App Now in iOS and Android App Stores

China’s central bank has released its digital currency wallet app ahead of the Winter Olympics. The wallet app for the digital yuan, also known as e-CNY, can now be downloaded from the iOS and Android app stores in the country. Digital Yu...

China’s central bank releases pilot version of digital yuan wallet

The “e-CNY (Pilot Version)” app was made available for download in the Chinese Android and Apple app stores on Tuesday. As China’s central bank steps up its effort to...

Why Did China Ban Bitcoin Mining? Here Are The Seven Leading Theories

One of 2021’s biggest stories was the China ban on Bitcoin mining. On one hand, the news did affect Bitcoin’s price and gave ammunition to the naysayers that think that governments will outlaw Bitcoin. On the other, the network kept working without a...

Can you transfer you coins from china binance to us binance?

Will you get flagged or get in trouble? I've been hearing this. I have a vpn. Or could you send it to coinbase? Thanks submitted by /u/SnooHamsters2924 [link] [comments]

Bitcoin starts 2022 at $47.2K as fresh research pins performance on China trader exodus

Exchanges de-platforming Chinese citizens prior to the Dec. 31 deadline may have added to BTC selling pressure. Bitcoin (BTC) bears lost out at the last minute as 2021...

US Congressman on Bitcoin: "Even when 60% of the world’s Bitcoin mining was forced out of China, the network remained reliable. This technology is capable of so much—if we let it!"

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Defi Portfolio Tracking Startup Debank Raises $25M From Sequoia China, Crypto.com, Circle

The decentralized finance (defi) portfolio tracking startup Debank raised $25 million from investors according to an announcement on Tuesday. Following the equity financing round, Debank says it has an overall valuation of around $200 million. D...

Ethereum Price Increase by 438% in 2021 Despite China’s Cryptocurrency Ban, EIP-1559 and London Upgrade Made Major Contribution

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Ethereum Price Increase by 438% in 2021 Despite of China’s Cryptocurrency Ban, EIP-1559 and London Upgrade Made Great Contribution