Chinese State-owned Newspaper Issues Cautionary Statement to Chinese Citizens About Crypto Investments

Reading Time: < 1 minute In a Sunday article, Chinese state-owned media outlet Economic Daily issued a warning about the risks associated with Bitcoin.

China Warns About Fake Digital Yuan App on WeChat

Reading Time: < 1 minute A fraudulent digital yuan app was recently discovered by the Chinese Ministry of Industry and Information Technology, according to a post on WeChat.

Bloomberg: Chinese Miners Are Moving to Ethiopia

Reading Time: < 1 minute Chinese mining companies are relocating to Ethiopia, where electricity costs are significantly lower compared to North America and Europe.

China to Crackdown on Tether

Reading Time: < 1 minute The Chinese government is taking action against the use of cryptocurrencies, particularly Tether.

China Will Use a Blockchain Platform for Digital Identification

Reading Time: < 1 minute China has announced the launch of a new digital identity service from the Blockchain Service Network (BSN).

Former BitMEX CEO Believes China-US Cooperation Will Benefit Bitcoin Adoption

Reading Time: < 1 minute BitMEX co-founder Arthur Hayes has expressed his support for improved economic relations between the United States and China, stating that it will aid in the widespread use of digital currencies in the global market.

Singapore’s DBS Bank Adds Support for China’s e-CNY

Reading Time: < 1 minute DBS Bank, the largest Singaporean bank, has enabled customers to receive payments in the Chinese Central Bank Digital Currency (CBDC) or digital yuan (e-CNY).

Arthur Hayes Believes China Will Become a Leader in Cryptosphere

Reading Time: < 1 minute Arthur Hayes, co-founder of crypto exchange BitMEX, has recently expressed on the platform’s blog his disappointment in the United State’s repression of the blockchain industry.

Changpeng Zhao Believes China May Soften its Stance on Cryptocurrencies

Reading Time: < 1 minute Changpeng Zhao believes that Beijing is slowly heading towards a change of attitude as seen by the Central Bank licensing crypto companies in Hong Kong.