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Lens

China Crypto Ban

  • Regulation

    China state paper slams crypto and LUNA crash; applauds crypto ban

    Chinese state-backed publication Economic Daily cited LUNA and UST’s crash to state cryptocurrencies “once again, proved its own risks and that it is a bubble” amid the Federal Reserve’s rate hike. See related article: Chinese runners offer substitute running to earn StepN’s GMT for commission Fast facts See related article: Tax authorities in China jump […]

    Ningwei Qin

  • Bitcoin News

    The Mooch is back, and batting for crypto!

    Anthony Scaramucci, founder of investment firm SkyBridge Capital and former White House communications director, says governments such as those in China and the US will inevitably allow for people to own and trade cryptocurrencies.

    Timmy Shen

  • NFT Marketplaces

    Chinese streaming service Bilibili debuts NFTs for foreign buyers

    Bilibili, a video streaming platform popular with China’s Generation Z, Thursday announced a batch of Ethereum-based non-fungible tokens (NFTs) for sale overseas. See related article: Resist the temptation on NFTs, Chinese state-backed developer says Fast facts Bilibili said the NFTs will be a series of auto-generated characters with different features such as faces, clothes, skin […]

    Ningwei Qin

  • Bitcoin News

    China seizes over 3,500 Bitcoin mining rigs, hikes electricity rates

    The provinces of Guangdong, Heilongjiang, and Shanxi announced Bitcoin mining equipment seizures and other measures to phase out operations that have survived waves of crackdowns that followed the September crypto ban. See related article: China takes aim at corruption in underground Bitcoin mines Fast facts See related article: Bitcoin miners unwelcome in Hangzhou despite targeted […]

    Ningwei Qin

  • Bitcoin News

    China takes aim at corruption in underground Bitcoin mines

    China’s anti-graft watchdog has warned that authorities are keeping a close eye on possible corruption behind underground cryptocurrency mining that persists even after the government banned the sector.  See related article: China ousts former official for supporting crypto mining, corruption Fast facts The Central Commission for Discipline Inspection (CCDI) of the Chinese Communist Party said […]

    Timmy Shen

  • Altcoins

    BSN, China Mobile support local NFTs with new chain launch

    China’s state-backed Blockchain-based Service Network (BSN) has announced the addition of “Zhong Yi Chain,” developed by telecommunications giant China Mobile, to its open permissioned blockchain ecosystem to bolster the growth of home-grown non-fungible tokens (NFTs). See related article: BSN to integrate CasperLabs’ chain to support NFT issuance in China Fast facts The new chain serves […]

    Timmy Shen

  • Bitcoin News

    China busts crypto mining rigs disguised as EV charging ports

    Local authorities have seized 1,106 mining rigs from two cities in China’s southeastern province of Guangdong.  See related article: China customs seizes 49 second-hand crypto mining rigs for export Fast facts The Guangdong Provincial Development and Reform Commission announced on Tuesday that it had uncovered a mining farm in Guangzhou disguised as electric vehicle (EV) […]

    Ningwei Qin