China


Markets

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.

hongkongchinaflag

Tech

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

Policy

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

Markets

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

Policy

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

Markets

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.

Tech

Trump's Security Hawks Call Distributed Ledgers 'Critical' in US-China Tech Arms Race

DLT is among 20 "critical and emerging" technologies in the Trump Administration's new strategy for preserving the U.S.' technological edge.

President Donald J. Trump chairs the National Security Council.

Policy

China’s Digital Yuan Blurs the Lines Between CBDCs and Crypto

An in-depth analysis of China's digital yuan project reveals more similarities to crypto than you might think. Upshot: seismic disruption to the financial system.

Illustration by Sonny Ross

Markets

How the DeFi Craze Made Its Way to China

DeFi is booming in China, with startups adapting and building on popular western projects within the nation's active crypto economy.

The interest in decentralized finance (DeFi) projects has made its way to China.