Category: China
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Trump bans Chinese payment apps, including AliPay and WeChat Pay
The trade war with China homes in on the country’s thriving digital payments industry.
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Selected Shenzhen residents to get lottery ‘red envelopes’ with digital yuan
Winners of the city’s lottery will have 10 days to spend their gifted digital currency, at any of 10,000 supported merchants.
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Selected Shenzhen residents to get lottery ‘red envelopes’ with digital yuan
Winners of the city’s lottery will have 10 days to spend their gifted digital currency, at any of 10,000 supported merchants.
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Chinese Miners Migrate to Nordic Regions, Mining Exec Says Hashrate Migration One of the ‘Biggest Developments’
China has the largest concentration of bitcoin miners worldwide with estimates noting the country captures anywhere between 50-65% of the global hashrate. Xinjiang, the autonomous region of the People’s Republic of China, ostensibly accommodates 35% of the hashrate. This week a regional report from China and statements from the head of operations at Genesis Mining,…
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Legal Battle Between Bitmain Co-Founders Appears to End With Micree Zhan Taking Control of the Company
The long-lasting legal battle between co-founders of China-based Bitmain seems to have seen the light at the end of the tunnel after both parties agreed to reach an agreement. Legal Tussle Between Bitmain Co-Founders Reportedly Ended With a $600 Million Compensation for Jihan Wu According to Chinese media outlets, citing local crypto journalist Colin Wu,…