China Crypto News
Learn about the latest China blockchain news, events, and companies from CryptoSlate, a leading destination for cryptocurrency and blockchain news.
Bank of England’s vision for the digital pound differs from China’s model
The BoE proposes involving the use of retail banks and private payment providers as the "interface" for the digital pound.
Hacker wants 10 Bitcoin in exchange for Chinese citizens’ stolen data
The hacker reportedly gained access to the Chinese Shanghai police database stealing over 26 terabytes of personal data.
China to gift citizens 90M digital yuan via lottery to restart economy
Shenzhen, Guangzhou, and Xiong'an New Area are reportedly gifting citizens roughly 90 million digital yuan in red packets to citizens in a bid to restart the economy following Covid-19.
STEPN removes GPS in China amid regulatory concerns – price drops 40%
Move to earn pioneer has announced that they will stop providing services to users in China on July 15
China’s Blockchain Services Network promises most of the thrills at a fraction of the cost
China's state-sponsored Blockchain Services Network is due for international roll out this summer. But some express concerns that it could be a spyware tool.
China makes a comeback in the Bitcoin mining scene
CCAF claims a significant amount of underground mining activity leveraging off-grid electricity and scattered small-scale operations is responsible for the BTC mining resurgence in China.
PBoC: Digital yuan trial expands to 11 more cities
The digital yuan continues its expansion in China, adding 11 more cities and regions, totaling 23 cities, to the list of pilot test areas. Most notably, trials will begin in Guangzhou where the Asian Games will be held later this year.
China’s strict crypto policy continues as WeChat bans NFT accounts
Chinese official had previously stated that the NFT space was dominated by hype and urged government to regulate the space.
Russia sanctions could push other countries to develop their CBDCs
Yamaoka expressed his belief that China could create a currency bloc with the rise of its digital Yuan.
Chinese officials take down crypto mine worth $790k
The Guangdong Province have been working fiercely towards rectifying virtual currency mining, and today they have raided a massive mining hub.
Chinese government increases focus on “metaverse,” eyes regulations
The Chinese authorities are becoming increasingly interested in the growth of the metaverse space within their country.
China still accounts for 10% of Bitcoin transactions
China’s government, since 2013, has adopted an hostile stance towards crypto-related activities.
China outlaws crypto fundraising, offenders could face jail sentences
China has criminalized raising funds using crypto–the country’s top court said in a new interpretation of national law.
Tether latest reserve attestation shows slash in commercial paper
Tether’s treasury bills and money market allocation increased significantly by 77.6% and 200%, respectively.
Chinese NFT project Bored Wukong accused of monkey business
Bored Wukong, a Chinese NFT project that looks awfully reminiscent of mega-popular Bored Apes, called out for plagiarism.
Bitcoin mining difficulty increased today, hitting a new ATH
As a programmatic consequence of the Bitcoin network hitting a new all-time-high in total hash rate in the beginning of this year, the Bitcoin mining difficulty was adjusted to a new all-time-high today.
Op-Ed: The fallacies of the Bitcoin energy debate
An increasingly common critique of crypto is the notion that Bitcoin mining accelerates climate change. This claim is inaccurate.
China preps infrastructure for state-backed NFTs
China’s state-backed network won’t be compatible with external NFTs.