China


Markets

President Xi Says China Should 'Seize Opportunity' to Adopt Blockchain

In his first major comments on blockchain, Chinese President Xi Jinping said the country should implement the technology across the economy.

xi jinping

Markets

Facebook's Marcus Says China Wins With Digital Renminbi if US Nixes Libra

David Marcus, who leads the Libra project, said China will create a digital currency system that could be entirely out of reach for U.S. authorities.

Facebook's David Marcus at a Senate banking hearing in July, 2019

Tech

Polychain and a Chinese Bank Are Betting Millions on This Token Sale

Investing in a token offering for the Nervos Network could help China Merchants Bank International tap into the DeFi ecosystem.

The Nervos team

Markets

PBoC Denies Claims It Will Launch Digital Currency in November

China's central bank has played down reports that it will issue its digital yuan in November through major banks and companies.

Credit: Shutterstock

Markets

MicroBT Expects $400 Million in Q3 as Bitcoin Miner Sales Surge

The maker of WhatsMiner bitcoin miners says it expects to have delivered 200,000 devices by the end of the quarter.

MicroBT founder Yang Zuoxing speaking at an event hosted by Poolin in September 2019.

Markets

Binance Makes Strategic Investment in Chinese Crypto Media Firm

Cryptocurrency exchange Binance has made an undisclosed investment in Chinese media and data source Mars Finance.

Binance CEO Changpeng Zhao

Markets

Trump's Trade War May Be Driving Chinese Investors to Bitcoin

As the Chinese yuan falls in value due to the trade war with the U.S., there are signs that locals are increasingly moving funds into bitcoin.

Credit: Shutterstock

Markets

HSBC Targets China Trade With Yuan-Demoninated Blockchain Letter of Credit

HSBC has carried out the first blockchain-based letter of credit transaction denominated in Chinese yuan.

HSBC's building in Hong Kong. (Christian Mueller/Shutterstock)

Tech

Why Tether Volume Is at All-Time Highs

The dollar-pegged stablecoin tether (USDT) has become a virtual bridge between Chinese traders and global markets.

shutterstock_1321251305

Markets

Circle CEO: China’s Digital Currency Could 'Bypass' Western Banks

Circle CEO Jeremy Allaire said China is setting the pace in the development of a digital currency equivalent of its fiat currency, the renminbi.

Jeremy Allaire, Circle (CoinDesk archives)