News by results: China

China’s digital currency ‘progressing smoothly,’ says central bank

The People’s Bank of China (PBoC), the country’s central bank, has said that its digital currency is “progressing smoothly.”

China’s Tech Hub Shenzhen Kicks off Cleanup of Crypto-Related Companies

China has recently renewed its hard-line approach to cryptocurrency trading and crypto exchanges, with the People’s Bank of China (PBoC) announcing that any crypto-related activities discovered would be “disposed of immediately”.

Chinese police arrest former Bitmain employee, who is now CEO of its rival MicroBT

Police in China have arrested Yang Zuoxing, a former employee of cryptocurrency mining chips manufacturer Bitmain and the current CEO of its rival MicroBT, the maker of WhatsMiner bitcoin miners.

China Announces New Regulatory Authority to Certify Digital Payments, Blockchain Products

China’s central bank, the People’s Bank of China, will certify 11 types of financial technology hardware and software that are widely used for digital payment and blockchain services with its new verification system called the Certification of Fintech Products.

China’s central bank hiring 6 tech experts for its upcoming digital currency

The People’s Bank of China (PBoC), the country’s central bank, is hiring six more tech experts for its upcoming digital currency.

China’s Fintech Stocks Soar Over 50% in 2019 Amid CBDC Anticipation

China Securities Index Co. (CSI) Fintech Theme Index has risen over 50% in 2019, outperforming the broader market.

Record Bitcoin-Yuan Divergence Suggests New Trade-War Fallout

Bitcoin is increasingly moving in an opposite direction to China’s currency -- suggesting it may have become a refuge for people hedging the yuan’s depreciation.

Poll Finds Chinese Crypto Investors Bullish on BTC

Over 30 percent of Chinese cryptocurrency investors polled predicted that the bitcoin price will surpass $30,000 over the next 12 months, according to a recent survey conducted by local crypto financing company BabelFinance.

The expert explained why China needs its own cryptocurrency

“Chinese authorities want to create their own digital currency in order to keep all financial flows and their citizens under control, “ claims Maxim Korkodinov, the head of the analytics department at CryptoRank.io in his comments for letKnow.News.

Prison for bitcoin: why India wants to prohibit cryptocurrencies

The authorities of the countries all over the world react towards cryptocurrencies differently. Japan, for example, creates its own blockchain analogue of SWIFT, and in China, citizens are prohibited from trading tokens and participating in ICO. Soon, India may also replenish the camp of haters. There they propose up-to 10 years imprisonment for the use of crypto.

China Publishes New Rankings of 37 Crypto Projects

China’s Center for Information and Industry Development has published its latest crypto rankings. Thirty-seven projects have been evaluated and ranked overall as well as in three separate categories. Some favorites have changed and two projects have been added to the previous list of projects ranked.

Chinese Alcohol Wholesaler Testing Anti-Counterfeiting Blockchain Solution

Oranco, a Chinese alcohol wholesaler and marketer that specializes in Fenjiu liquor and imported wines, is currently testing a blockchain solution to guarantee the authenticity of its products.

Justin Sun has been on the lam from China since November 2018

Tron founder and CEO Justin Sun is apparently wanted by the authorities in China—and has been, ever since he “sneaked out” of the country in November 2018, according to a bombshell of a story published today by Caixin, in China.

AI found the son of a Chinese couple 18 years after the abduction

Thanks to the artificial intelligence technology, a married couple from the city of Shenzhen in southern China was reunited with their son, who was abducted 18 years ago,

Bitcoin-Seeking Ransomware ‘Ryuk’ Virus Found and Studied in China

Tencent Yujian Threat Intelligence Center says that a Ryuk ransomware virus has been spotted in China.

Web Search Data Indicates Soaring Interest for Facebook Libra in China

With Facebook’s recently unveiled Libra cryptocurrency high in the news agenda across the world in recent weeks, China has emerged as a perhaps surprising leader when it comes to public interest in the project.

Chinese Crypto Entrepreneur Killed Himself after Losing 2000 BTC

A Chinese crypto entrepreneur has killed himself after losing clients’ 2,000 BTC by using 100x leverage trading, his former partner revealed on June 10.

China Authorities Probe Alleged Illegal Bitcoin Mining Sites at Hydro Plants

Government authorities in China’s Sichuan province are reportedly probing into local bitcoin mining farms that have allegedly been constructed without official approval.

China Releases New Crypto Rankings

China’s Center for Information and Industry Development has released its latest rankings of 35 crypto projects that were evaluated over the past two months. While several top positions remain unchanged, Bitcoin has climbed up the overall ranking.

E-Commerce Giant Alibaba to Integrate Blockchain Into Intellectual Property System

Chinese e-commerce giant Alibaba will integrate blockchain technology into its intellectual property system of global enterprises and brands, local news outlet Sohu reported on May 23.