China


Markets

Chainalysis Report on PlusToken 'Scammers' Blamed for Monday’s Crypto Selloff

As bitcoin and ether prices fell below technically significant levels, some traders are citing fear emanating from a report about the alleged PlusToken Ponzi scheme as the reason for the plunge

Bitcoin fell 4 percent in a matter of minutes Monday, image via CoinDesk's Bitcoin Price Index

Finance

Chinese City Warns Investors: Crypto Isn't Blockchain

One Chinese city has a stern warning for investors: make sure you are not investing in crypto masquerading as blockchain.

Credit: Shutterstock

Markets

Bitmain’s Miner Manufacturing Subsidiary Had $680K in Assets Frozen in a Contract Dispute

In the latest contract dispute to hit the firm, $680,000 belonging to a fully owned subsidiary of bitcoin mining giant Bitmain has been frozen by a Chinese court.

(Credit: Shutterstock)

Policy

China's SEC May Soon Have a Crypto-Savvy Department Chief: Report

China's securities watchdog is reported to be hiring Yao Qian, the former head of the central bank's digital currency initiative, as the chief of its new tech regulation bureau.

Yao Qian, director of the Science and Technology Supervision Bureau of the China Securities Regulatory Commission

Finance

Tencent’s WeBank to Provide Infrastructure for China’s National Blockchain Consortium

WeBank has become the first technical infrastructure provider for China’s blockchain network.

(Shutterstock)

Markets

China's Central Bank Likely to Pilot Digital Currency in Cities of Shenzhen and Suzhou: Report

The People's Bank of China is said to be preparing to launch pilots for its digital currency in Shenzhen and Suzhou from the end of the year.

yuan, reminbi

Markets

Multicoin Capital Hires Principal in Asia as Crypto VCs Look East

Mable Jiang, formerly of Nirvana Capital, will spearhead the venture firm's hunt for new deals in Asia.

Multicoin Capital principal Mable Jiang. (Credit: BlockBeats/Odaily)

Markets

Huobi Says It's Joining a Chinese Government-Led Blockchain Alliance

Huobi China has joined a blockchain consortium backed by a powerful state-sponsored entity.

Shutterstock

Finance

Little-Known Crypto Exchange With Ties to a Shanghai Firm Halts Services, Says CEO 'Missing'

IDAX says its unnamed "global CEO has gone missing" and asked customers to stop using its services.

Shanghai image via Shutterstock

Policy

Crypto Market's Overreaction to Xi's Blockchain Remark Prompts Tougher Crackdown

The market’s overreaction to President Xi’s praise of blockchain technology has prompted another crackdown, dashing hopes for a crypto-friendly China.

Chinese President Xi Jinping