chinese

Gift Bitcoin Cash for Chinese New Year With a Limited Edition Red Envelope Paper Wallet From Bitcoin.com

</header> <strong>Giving red envelopes full of money to friends and family is a traditional way to celebrate the Lunar New Year in China and other Asian cultures. This year you can gift your loved ones bitcoin cash with a limited edition Red Envelope <a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/BCH” target=”_blank” rel=”noopener noreferrer”>BCH</a> paper wallet from Bitcoin.com.</strong> Also Read: …

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China Issues Digital Currency Guide for Party Cadres

</header> <strong>Understanding a complex subject should be easier with access to educational materials. With blockchain and CBDC now part of Beijing’s political vocabulary, the Communist Party of China (CPC) has issued a guide to digital currencies meant to prepare party officials for upcoming changes in the country’s financial system. </strong> Also read: China Saw $11.4 …

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Authorities in Sichuan Go After Miners to Save Electricity in the Dry Season

</header> <strong>Regional authorities in the province of Sichuan are reportedly pressuring bitcoin miners to scale down operations amid electricity shortages during the dry season in Southwest China. A meeting has been scheduled with regulators, the state run grid operator and mining companies. Two hydropower stations have been fined already for powering bitcoin farms without authorization. …

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Shenzhen Stock Exchange Launches Index of Top 50 Blockchain Public Companies

</header> <strong>The Shenzhen Stock Exchange has launched a blockchain index comprising 50 of the largest publicly listed companies with blockchain ventures by market capitalization. Blockchain-related stocks in China have been gaining value since President Xi Jinping openly advocated for the technology.</strong> Also read: Regulatory Roundup – New US Crypto Bill, France’s 1st Approved ICO, Muslim …

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Chinese Police Seize Thousands of Miners, Arrest Dozens of Scammers

</header> <strong>In the last couple of days, Chinese media have reported on police forces in one province of the vast Asian country seizing close to 7,000 mining rigs using stolen electricity and in another province arresting 72 multi-level marketing scheme operators for alleged fraud.</strong> Also Read: Chinese Regulators Question 8 Crypto Companies in Shenzhen Police …

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Chinese Regulators Question 8 Crypto Companies in Shenzhen

</header> <strong>Authorities in Shenzhen have started pressuring crypto businesses operating in China’s tech capital.</strong><strong> Eight companies, two suspected operators of trading platforms, and six entities allegedly associated with coin offerings, have been placed under inquiry, Chinese media revealed, with authorities reportedly questioning their representatives at a meeting hosted by Shenzhen Financial Regulatory Bureau. </strong> Also …

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

</header> <strong>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 with administrative measures in what has become a market economy over the years. And it’s backfiring. Inflation of the yuan just rose to …

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China Releases Year-End Crypto Rankings

</header> <strong>China’s Center for Information and Industry Development has published its year-end crypto project rankings. Thirty-five projects were evaluated and ranked overall as well as in three separate categories. Bitcoin has risen in ranking while <a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/EOS” target=”_blank” rel=”noopener noreferrer”>EOS</a> remains China’s favorite.</strong> Also read: China Ranks 35 Crypto Projects as President Xi Pushes …

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Another Chinese Lender Bailed Out After Bank Run

</header> <strong>Yichuan Rural Commercial Bank, a lender operating in the central Henan province, has become the latest Chinese bank to be bailed out by the government this year. The small financial institution, which has around 30 branches only in the Yichuan county, experienced a bank run sparked by rumors that its top management was in …

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China Ranks 35 Crypto Projects as President Xi Pushes Blockchain

<header class=”article__header”> </header> <strong>China has been on a roll with a series of crypto-related announcements. President Xi Jinping’s speech to accelerate the development of blockchain technology in China was followed by the passing of a cryptography bill. Meanwhile, China’s Center for Information and Industry Development has continued to evaluate and rank crypto projects, and the …

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