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China

Chinese city launches economic stimulus on blockchain
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24 June, 2020

Chinese city launches economic stimulus on blockchain

Nanjing city in China has launched an economic stimulus program that relies on blockchain to distribute consumption vouchers as it...
Digital currency exchange Bitisis goes bust
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19 June, 2020

Digital currency exchange Bitisis goes bust

The collapse of Iranian exchange Bitisis has prompted an investigation from police in China.
China cracks down on block reward miners bypassing regulators
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16 June, 2020

China cracks down on block reward miners bypassing regulators

To reduce cost, block reward miners in China are switching from thermal powered facilities to hydro-powered operations.
Guangdong police freeze 4,000 bank accounts in latest digital currency crackdown
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14 June, 2020

Guangdong police freeze 4,000 bank accounts in latest digital currency crackdown

Authorities identified bank accounts belonging to digital currency OTC traders suspected of involvement in illegal money laundering activity.
Binance remains operational in China: report
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10 June, 2020

Binance remains operational in China: report

A recent CCTV investigation revealed that its Beijing-based reporter was able to sign up on the Binance platform via its...
Chinese bank issues $17M in commercial paper via blockchain
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10 June, 2020

Chinese bank issues $17M in commercial paper via blockchain

Zheshang Bank’s use of a blockchain illustrates how the technology can be used to enhance traditional financial product transactions.
Illegal BTC block reward miners busted in China’s tombs
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8 June, 2020

Illegal BTC block reward miners busted in China’s tombs

Police stumbled across entrances to two burial sites where illegal block reward mining rigs were operating, powered by stolen electricity.
Tencent Cloud wants to set up new blockchain alliance
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7 June, 2020

Tencent Cloud wants to set up new blockchain alliance

The Industry Blockchain League will draw on companies, government agencies and other organizations from across industry sectors.
Chinese province taps blockchain to track tea products
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6 June, 2020

Chinese province taps blockchain to track tea products

Yunnan province in China will be using blockchain to track its tea, an $11.8 billion industry. Scanning barcode will show...
Micree Zhan recruits security guards to storm Bitmain office
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5 June, 2020

Micree Zhan recruits security guards to storm Bitmain office

The ousted co-founder attempted to regain control of Bitmain’s office in Beijing with the help of more than five security...
China firm turns inwards for cash as US markets tighten listing rules
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4 June, 2020

China firm turns inwards for cash as US markets tighten listing rules

Semiconductor Manufacturing International Corporation announced its plan to raise $2.8 billion through an initial public offering.
China’s Hainan injects over $100M in blockchain
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3 June, 2020

China’s Hainan injects over $100M in blockchain

An island province in China has recently passed a 10-point policy that will boost the development of blockchain platforms and...