Cryptocurrency Analysis and News Portal
China has formally implemented a law governing cryptographic password management as part of its pre-release plans for its central bank digital currency (CBDC).As English-language news media outlet China Money Network reported on Jan. 1, the latest regulations have become legally binding following their unveiling in October last year.Crypto security
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China is no fan of crypto. But no worries yet as the Chinese government isn’t kicking all the Bitcoin mining farms out of the country. Instead, it is calling for reduced activity in Bitcoin mining farms, especially those located in the Sichuan province.The province of Sichuan has a local government
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The first blockchain industrial park was opened in Shanghai’s Baoshan District in November 2016 with the goal of not only developing blockchain technology for government-related work, but also for connecting the technology with finance, insurance, real estate, intellectual property and other industries.Shortly after the launch in Shanghai, blockchain industrial
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China Securities Regulatory Commission (CSRC), the country's financial watchdog, has recently received an application for listing an exchange-traded fund (ETF) that will track blockchain-related stocks as underlying assets.Dubbed Penghua Shenzhen Stocks Blockchain ETF, the application was filed by Shenzhen-based asset management firm Penghua Fund and was accepted by the CSRC
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The Bank of China has recently issued 20 billion Chinese yuan ($2.8 billion) of special bonds, which it has sold in order to fund small and micro-enterprise businesses, according to the China Development Network. This recent issuance of $2.8 billion in bonds is nothing to look twice at and was largely
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The People’s Bank of China’s (PBoC) deputy director Mu Changchun said that the digital form of the yuan will be different to Bitcoin (BTC) and stablecoins.Chinese news outlet South China Morning Post reported on Dec. 22 that the head of the digital currency research institute at the PBoC said
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Caixin said in the report, citing people familiar with the case, that the person arrested is indeed the founder and CEO of MicroBT, which manufactures the WhatsMiner bitcoin mining equipment with about 40 percent of the market share. The alleged embezzlement amount is 100,000 yuan, or about $15,000, the report
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The role that China plays in the crypto ecosystem is one that would take a whole lot to replace. New data reveals that despite casting out all forms of crypto activities, China is still the primary home to crypto mining.Statistics from a new CoinShares report show that China is the
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For all of bitcoin’s promise of being the world’s first decentralized, peer-to-peer cryptocurrency, 65 percent of the total hash power resides in China, according to a recent report by CoinShares Research. Source
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As the end of 2019 approaches, Coinshares Research has published its bi-annual mining report that contains informative research and observations about the
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