WeChat Announces Plans To Support Digital Yuan
China’s digital yuan is proving to be a major success as time goes by. The level of adoption for this digital currency currently sits at record highs and this is expected to spike after the recent announcement by WeChat. WeChat, the
Baidu To Launch Crypto Free Metaverse App
Baidu has announced it will be launching a metaverse app. According to the tech giant, the app will take at least six years to develop before being launched. The announcement comes as leading Chinese tech giants race towards the metaverse. However, Baidu
MEXC Global Exchange Leaving Mainland China
The crypto trading environment in China has been harsh for the most part of 2021. The heightened regulatory risk has led crypto businesses to exit the Chinese market. One of the latest exchanges to leave China is MEXC Global. MEXC Global
F2Pool No Longer Allowing Chinese Miners
https://twitter.com/btcinchina/status/1442515665806508039 The fallout from the latest round of Chinese FUD continues as F2Pool, one of the largest Bitcoin mining pools, has announced that it will no longer accept the participation of Chinese miners. According to the announcement, the existing Chinese miners on
China Based Ethereum Mining Pool Set To Shut Down
SparkPool, the second-largest Ethereum mining pool globally, has announced the suspension of its operations. The announcement comes after a fresh wave of Chinese crackdowns on the crypto market. SparkPool was created in 2018 and it contributes to 22% of Ethereum's mining
China Plans To Launch Blockchain Infrastructure
Chinese market regulators have met to discuss crypto regulations and ways to foster the growth of blockchain technology in the securities sector. The proposals were tabled by the Securities Association of China and the China Securities Regulatory Commission (CSRC) during a
China Orders Closure of Software Company For Crypto Trading
China’s Central Bank has ordered the closure of a software company based in Beijing for allegedly involving itself with crypto trading. The recent announcement seeks to enforce the crypto restrictions imposed in the country. Authorities in the country ordered the immediate
Bitcoin Hashrate Hits 8 Month Low Amid China Crackdown
China’s crackdown on mining operations seems to have negatively impacted the prices of Bitcoin and the broader crypto market. The crackdown has also led to a drop in Bitcoin’s hashrate and after several mining companies halted their operations in the country,
China Blocking Search Engine Results For Crypto
https://twitter.com/btcinchina/status/1402558454225465344 China’s FUD about cracking down on cryptocurrencies does not seem to be slowing down. After suspending Weibo crypto accounts recently, the country has gone a notch higher to block search engines from showing the results of major crypto exchanges. Various sources
Chinese Banks Prioritize Digital Yuan
Top Chinese banks are prioritizing the digital Yuan over local payment platforms such as WeChat Pay and Alipay. The banks are doing this ahead of the online shopping festival in China starting today. In an analysis report by Reuters, six of