China Starts Hong Kong ‘Cross-Border’ Digital Yuan Pilot
Shenzhen, China has initiated a "cross-border" digital yuan test program with Hong Kong.
China Banking and Insurance News said that the central People's Bank of China (PBOC) and the…
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According to a former Chinese central banker, digital yuan use has been low
In two years, total e-CNY transactions barely surpassed $14 billion, according to a former China central banker, who added that the outcomes were "not ideal."
A former official of the…
Chinese court rules that NFTs are legally protected virtual property
In a case where the court had to affirm the legal qualities of NFTs, it ruled that NFTs are "unique digital assets" that "belong to the category of virtual property."
A court in the…
Bitcoin value follows declines in Asia’s equities markets
Asia's financial markets are unnerved by reports of civil disobedience, demonstrations, and clashes with police in Chinese towns and colleges.
Bitcoin and Ether declined in Asia trading…
‘Chinese Netflix’ iQIYI uses ERC-3475 smart contracts to settle copyright disputes
iQIYI, one of China's biggest online video platforms with over 100 million members is using the Ethereum smart contract standard ERC-3475 to handle copyright-related difficulties, according…
Chinese authorities arrest a group accused of laundering over $5 billion in crypto
On September 23, 2022, the Hengyang County Public Security Bureau in China held a press conference to highlight the "100-day operation" of the summer public security crackdown.
Nine…
China’s Supreme Court Rules Crypto Can Be Traded Despite Ban on Digital Currencies
A court in China has declared that bitcoin is a tradable asset so long as it is not used as cash.
The latest judgement by Beijing's Number One Intermediate People's Court maintained…
Chinese mining firm Canaan doubles its revenues despite a nationwide ban on crypto
Canaan, a Chinese manufacturer of cryptocurrency miners, has been increasing its mining operations, amassing 346.84 BTC by the end of June.
Canaan, a major Chinese maker of…
Heatwave causes the most significant decline in Bitcoin mining capacity since China’s ban
Bitcoin (BTC) miners are feeling the heat as the world contends with rising air temperatures that have enveloped several nations worldwide and are smashing century-long weather records in…
Chinese company develops Bitcoin mining chip technology in defiance of American restrictions
China's premier maker of chips used in Bitcoin (BTC) mining has reached a breakthrough in its semiconductor technology, despite the United States government's continued prohibition on…
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