Bitcoin 06/07/21 18:44 by Bernice Nyambura

Hellbent On Destroying Bitcoin: China Shuts Down More Companies Enabling ‘Crypto Trading Activities’

Two financial watchdogs in Beijing, the Beijing Local Financial Supervision and Administration Bureau and the Business Management Department of China’s Central Bank (PBoC) are shutting down firms t...
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Other 18/06/21 17:06 by Bernice Nyambura

China’s State-Owned ICBC Bank To Offer Digital Yuan’s Cash Withdrawals In Beijing

Chinese citizens can now convert the Digital Yuan into Cash through the Industrial and Commercial Bank of China (ICBC), which has become the first bank in China to allow such transactions. The sta...
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Crypto 19/05/20 13:47 by Samuel Wan

Binance is Planning to Enter Chinese Crypto Market: Industry Exec

Popular crypto exchange Binance is planning to enter the Chinese market with the launch of its new China website. This comes after Binance was forced to leave China following strict regulations that s...
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Mining 18/05/20 08:05 by Samuel Wan

Bitcoin Arms Race Kicks Off As New Chinese Mining Pool Makes a Splash

The past week or so has seen talk of a new Bitcoin mining pool, based in China, making waves within the mining industry. Out of nowhere, in what is already a highly competitive market, Lubian has popp...
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Bitcoin 04/05/20 15:15 by Yashu Gola

Bitcoin Risks an Abrupt Fall as Trump Threatens Phase One Deal With China

Bitcoin faces risks of a short-term, but steep downside correction as Donald Trump threatens to terminate the phase one deal with China. Investor fears that a new trade war with Beijing would escalate...
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Other 12/12/19 05:30 by Lubomir Tassev

China’s Inflation Hits a Record 4.5% as Beijing Prepares to Test Digital Yuan

China has been confronted with multiple economic and financial problems this year amidst an ongoing trade war with the United States. Authorities in Beijing have been trying to overcome the challenges...
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Crypto 29/11/19 11:43 by Lubomir Tassev

Crypto Employees in China Work From Home to Avoid Government Pressure

Not too long after embracing blockchain, Beijing has made it clear, one way or the other, that it didn’t mean Bitcoin. Increased scrutiny over the cryptocurrency sector and harsh measures agains...
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