China


Policy

At Least One Key Huobi Executive Is In Custody in China: Sources

The Chinese police appear to have intensified their crackdown on crypto exchanges’ OTC trading services in the last year.

Huobi OTC

Tech

Chinese City Plans Third Digital Yuan Pilot, Giving Away $3M in Prize Draw

Lottery entrants can apply to win 200 digital yuan each.

Shenzhen, China

Markets

China’s Blockchain-Based Service Network to Integrate Central Bank Digital Currency

The BSN expects to complete integrations with a total of 30 public blockchains this year.

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Policy

Chinese Hospital Issues First Electronic Bill on Blockchain

Hainan is one of the few provinces that have successfully incorporated blockchain technology into their public institutions’ online administrative platforms.

Great Wall of China

Markets

CEX, Lies and Videotape: Binance Accuses Rivals of Fighting Dirty

A bogus video on Chinese social media has intensified a long-standing feud involving Binance, Huobi and OKEx.

MOSHED-2021-1-12-15-11-15

Finance

Shanghai Government Invests $5M in Blockchain Startup Conflux

The Shanghai government has invested over $5 million in Conflux while putting the project on a list of 57 companies that focus on emerging technologies.

Conflux co-founders Ming Wu and Fan Long

Finance

Babel Finance Is Letting Crypto Mining Firms Use Machines as Loan Collateral

A clever way for bitcoin miners to get better loan terms.

Cryptocurrency mining machines

Finance

US-Listed Chinese Lottery Firm Plans $14.4M Move Into Bitcoin Mining

Shares of the company traded up 11% on the news of the deal to purchase miners later this year.

Máquinas de minería de bitcoin (Shutterstock)

Tech

Chinese Bank Trials Digital Yuan Services at ATMs: Report

Trials of China's central bank digital currency continue, with ATMs now starting to be used in Shenzhen.

Shenzhen, China.