China


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China’s Coronavirus Outbreak Prompts Blockchain Adoption for Charity

China’s banking and digital payment giants are using blockchain technology to add transparency to charity organizations' donation distribution networks.

AliPay parent Alibaba is one of several Chinese finance and tech firms looking to blockchain tools to verify that coronavirus charity donations are going where they should be.

Політика

Proposed Chinese Law Outlaws All Yuan-Pegged Tokens – Except for Its CBDC

The new version will essentially also clear the way for the digital yuan to be the one and only official yuan-pegged token in mainland China.

China Flag

Політика

Chinese Authorities Crack Down on Gambling Sites Using Tether Stablecoin

Chinese authorities have arrested 77 individuals and shuttered gambling sites using the dollar-pegged tether (USDT) cryptocurrency.

Tether. (CoinDesk archive)

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Hong Kong 'Exploring' Collaboration With China on Digital Yuan: Finance Chief

A cross-boundary digital yuan could bring Hong Kong closer to China, Hui said.

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Технології

First Users Not Impressed by China's Digital Yuan: Report

A recent giveaway of China's in-testing central bank digital currency has reportedly left recipients wondering why they should change from existing solutions like Alipay.

Shenzhen store

Політика

FIL Miners Force Filecoin to Speed Up Token Rewards Following Mainnet Launch

Some of the largest Filecoin miners stopped mining on Saturday, complaining the project’s mining incentive scheme has made it impossible for the miners to start operations.

Juan Benet, Filecoin founder

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Huobi Guarantees Normal Operations During OKEx’s Suspension of Crypto Withdrawals

Huobi, one of OKEx’s biggest competitors, ensured its users that its platform is “currently operating normally,” after OKEx announced that it has suspended all cryptocurrency withdrawals indefinitely.

chinacloud

Політика

OKEx Denies Investigation of Founder Star Xu Is Related to Money Laundering

OKEx has denied the ongoing investigation of its founder is related to an anti-money laundering investigation.

OKEx logo

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First Mover: OKEx Private Key Snafu Sends Bitcoin Lower as China DeFi Rises

OKEx withdrawal suspension sends bitcoin lower, China becomes hotbed of DeFi development, Filecoin first-day trading leaves market cap above $800M.

The OKEx exchange had to suspend withdrawals because a founder who held a crucial private key was reportedly detained.