China Crypto News @ChinaCryptoNews
The latest news, insights and trends on #blockchain and #cryptocurrencies in #China #bitcoin China Joined September 2017-
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unconfirmed but there is a Chinese media report that a 2020 “Huron 30 Under 30” entrepreneur was arrested after somehow embezzling 300 million RMB of digital assets and blowing the whole amount by using it as collateral for shorting bitcoin
Sichuan, China, announced that the electricity used for mining in compliance in 2021 will reach 11.3 billion kWh, an increase of more than 150% over last year, and it is expected to increase 10 billion later. Transaction price is $0.02/kWh, an increase of about 16% over 2020.
Someone deployed "TANKS OF TIENANMEN" to the Binance Smart Chain. Let's see how far this goes🍿 Will @cz_binance show his hand? Or risk the wrath of China? "Cypherpunks know how to attack a system and how to defend it" bscscan.com/address/0xb79c…
Anyone interested to take over the China Crypto News twitter handle? DM
NEW: Chinese police have seized $4.2 billion cryptos from PlusToken Ponzi crackdown, according to a new court ruling (via @WolfieZhao) theblockcrypto.com/post/85873/chi…
NEW: It seems like another crackdown on crypto exchanges is happening in China, but @binance appears to be a winner, with $300m in bitcoin going to their exchange in recent days. @MuyaoShen reports: trib.al/5iUBcBY
The Chinese government appears to view Ant Group as a destabilizing force, and the digital yuan is a way to keep it in check. @DavidPan_1 reports. trib.al/u6F1JO7
$3 billion in blockchain bonds to be issued by China Construction Bank this week will be tradable against both bitcoin and U.S. dollars. Via @Sebsinclair1989 trib.al/nBA4GaT
.@binance has awarded a bounty of $200,000 to private investigators who helped identify now-indicted bad actors who attacked the exchange in 2018 and stole from users in a phishing campaign. Via @Dan_Z_Palmer trib.al/RAAQdjx
People daily online posted an article about cryptocurrency,it says buy or sell crypto to fiat might violate the foreign exchange control and anti money laundering law, and if you made the profit from crypto but didn’t pay person income tax might be suspected for tax envisions
The testing phase of China’s digital yuan initiative has so far conducted 4 million transactions with over $300 million, says the PBoC’s governor Yi Gang theblockcrypto.com/linked/83187/p…
ICYM: Huawei rolls out new smartphone with a built-in hardware wallet for China's digital yuan theblockcrypto.com/linked/82985/h…
Amazing speech by Jack Ma. Not easy to be so openly commenting on regulations in China. Talked a lot about cryptocurrency and the future. It’s in Chinese, not sure of there is an English transcription available. mp.weixin.qq.com/s/_8dH665s8oeU…
Breaking: The People's Bank of China issued a draft of legal comments, clearly stipulating that no unit or individual may produce and sell tokens, coupons and digital tokens to replace CNY in circulation in the market.
Promoting Wanchain 5.0 crosschain #DeFi here at Shenzhen. Big crowd!
On Oct 20, #VeChain, DNV GL & Shanghai Renji Hospital jointly announced the building of an intelligent tumor center on VeChain #blockchain! We're excited to contribute to global public health especially in tumor prevention & treatment using our tech. Stay tuned for more info!
Translation
Translation https://t.co/g7WJf9J6gj
Doesn't come as a surprise: China's digital Yuan cannot be exchanged for foreign currency or gold neither can be taken abroad #DCEP
China airdropped 10 million DCEP worth about $1.5 million to 50,000 people this week. The experiment shows just how far along China is with its digital currency and should serve as yet another wake-up call for Western powers to catch up messari.io/article/dreams…
According to Caixin, okex suspended crypto withdrawal, and the founder of Okex, Star Xu got taken by the police.
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The Wolf Of All Stree.. @scottmelker
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366K Followers 322 Following Messari is the leading provider of crypto market intelligence products that help professionals navigate crypto with confidence.
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Bloomberg Crypto @crypto
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BlockBeats｜We're hi.. @BlockBeatsAsia
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This absurd tweet copied a Chinese message, but this Chinese message only refers to 26 large mines in Sichuan. There are still many small and medium-sized mines in Sichuan that still exist for the time being.
Exclusive: On June 19th, Bitmain released the new Litecoin/Dogecoin mining machine L7, with a hashrate of 9500MH/s and 3425W, equivalent to 19 sets of L3+, and the price is $15000, overseas purchase price is reduced by 13%. The delivery time is November 2021.
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I’m actually fascinating by this it’s like everyone in China crypto woke up and just shrugged it off
If Bitcoin trading is "banned" in China, where is the Chinese "Bitcoin whale" selling the Bitcoin?
The seriousness of news is def more so than normal China FUD, can be material 1. It’s direct order from the state department 2. It’s emphasized by VP of PRC In China policy’s execution and impact really matters on where the order is from and who announced it to the public
Do not listen to what they say, look at what they do. Since 80% of crypto activities in China go through 2 platforms, you can tell the seriousness of by whether this 2 firms are still operating as usual or not.
内心毫无波澜 甚至想发个自拍 晚安 🥱
Breaking: The State Council of China: Crack down on Bitcoin mining and trading, and prevent individual risks transmitted to the social field.
In the last few hours, the number of orders @OKEx processed reached a peak, but the matching engine latency ranged at 2 ms delays. No downtime on API recorded. Slight lags on GUI. We're committed to optimizing our system resilience despite any changes in market conditions.
After the three associations under the Central Bank of China issued a notice, China's exchange MXC and Bitpie stopped the deposit and withdrawal of fiat currency, but then MXC resumed. Within 24h after the notification, it does not seem to have a major impact on the industry.
Happy weekend CT Entering into the S2F summer 💃
Someone shilling filecoin to a famous Chinese Comedian /actor Eric Tsang
Sichuan, China, announced that the electricity used for mining in compliance in 2021 will reach 11.3 billion kWh, an increase of more than 150% over last year, and it is expected to increase 10 billion later. Transaction price is $0.02/kWh, an increase of about 16% over 2020.
I'm happy to announce that we are just days away from $XRP officially joining #Wanchain's family of decentralised, interoperable #blockchain networks. Welcome to every $XRP holder. Come, and join us! Let's build this new #DeFi world together.
With great power, comes great responsibility 🕸️ You can send tokens from your Loopring L2 account to *any* Ethereum address - with the transfer happening on L2 (fast & cheap). But L2 senders should know: if you are transferring to a *custodial* wallet, ensure they support L2.
We have finalized a clear and detailed roadmap of N3 migration and official main-net launch. N3 testnet will go live this month. Please keep up with Neo’s most recent update and get ready to play around on N3 testnet.
Chinese National Tv channel CCTV-2 reporting Ai friend Sofia’s first NFT artwork will be auction this Wednesday.
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