Tag: China

U.K. Cryptocurrency Exchange Cubits Shuts Down After $33M Scam

Cubits, a London-based digital asset trading platform, has been forced into administration after fraudsters reportedly stole €29 million (about $32.5…

China: Shenzhen Special Economic Zone to Use Blockchain for Electronic Tax Invoices

Shenzhen, a major city in the Guangdong Province and the first economic special zone in  China, will use blockchain technology…

Bitmain Closes Israeli Blockchain Development Center Citing Crypto Market Conditions

Chinese crypto mining giant Bitmain is closing its development center in Israel and firing local employees, Israeli business news outlet…

Chinese Central Bank Governor Defines STOs as ‘Illegal Financial Activity in China’

The People’s Bank of China (PBoC), the country’s central bank, highlighted the illegality of Security Token Offerings (STOs) in the…

Chinese Internet Court Uses Blockchain to Protect Online Writer’s Intellectual Property

An Internet Court in Hangzhou, Eastern China, has turned to blockchain to fight piracy at the expense of online writers,…

Blockchain Policy Development in China Concentrated in Three Cities

Beijing, Shanghai and Guangzhou — or BeiShangGuang — has become the most concentrated area of ​​relevant blockchain legislation and policy…

Report: More Chinese Miners Selling Short Following Crypto Market Slump

Chinese miners are reportedly becoming the biggest short sellers both locally and internationally, following an increased number of hedging operations…

Chinese Miners Short BTC Markets to Hedge Against Falling Prices

The price of bitcoin core (BTC) has dropped considerably over the past few months, significantly affecting individuals and organizations that…

Chinese Government-Backed Company to Launch Stablecoin by February

Grandshores Technology Group is a public company affiliated with a 10 billion yuan ($1.5 billion) fund backed by the government…

Chinese Crypto Investor to Develop Stablecoin Within Hong Kong-Based Blockchain Fund

Chinese crypto investor Li Xiaolai will lead a stablecoin project within Hong Kong-based blockchain fund Grandshores Technology, according to an…

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