Category: China
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No one can refuse China’s digital currency, says central bank exec
The digital renminbi is legally compensatory to China’s fiat currency.
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China’s national blockchain project to support DAML smart contract language
Digital Asset’s DAML will connect diverse blockchains on a national DLT project in China.
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The Blockchain Service Network will stimulate China’s CBDC plans
The wait for CBDCs continue.
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From open arms to full bans: The latest on crypto regulation in Asia
A look at the legal status of crypto in Asia, where new crypto hubs are emerging and thriving despite uneven regulation.
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Bitcoin Hashrate Ramps to 130 Exahash Amid Next-Generation Miner Shortage
Regional reports from China have highlighted that a number of major Chinese ASIC mining rig manufacturers have sold out of their next-generation model stock. The shrinking supply of high-performance machines may be due to the shortage of 7nm and 8nm chips from TSMC and Samsung. Bitcoin miners are finding it difficult to obtain next-generation application-specific…
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Bitcoin hashrate remains strong during monsoon season
Mining operations in China were not adversely affected by the heavy rains.
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6 Members of the Multi-Billion Dollar Plustoken Scam Charged With Fraud in China
Following the arrest of 109 accused members of the $6 billion Ponzi scheme called Plustoken, six alleged members of the team were prosecuted according to a court filing submitted on Monday. The prosecutors say the individuals are “suspected in organizing and leading criminal pyramid schemes.” The Plustoken scam was a large heist that managed to…
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A recap of last week’s ‘DeFi Marathon’ hosted by CT China
China looks into DeFi.