China

Bitcoin price plunges however Metaverse actions heats up in China

China’s BSN to launch in South Korea portal as Chinese Canaan secures huge mining rig orders

The order follows a June purchase by Genesis of 10K machines from China-based Canaan, one of the world’s biggest Bitcoin mining rig makers

As its first international expansion, China’s Blockchain-based Service Network is launching a portal in Korea. Who are the key players, and where else in the world will BSN emerge this year?

Tens of billions in digital yuan circulate through the banks’ systems, as leaders encourage wider adoption.

Top blockchain and crypto news: Is another Bitcoin bull run coming soon? Punks rocking NFTs. Why crypto contracts may not be enforceable in China.

The ruling by Shandong’s High Court backs up China’s official stance against trading in cryptocurrencies. What does this mean for investors?

China’s high penetration of smartphones, digital-savvy population helps reduce e-CNY testing time, observers say

Steelmaker Ansteel Group and lithium battery producer Tianneng are the latest companies to make use of blockchain in accordance with China’s national strategy.

Operating costs and crypto bear market suck up cash after former lottery operator bets on digital assets

Poolin, a major mining pool in China, has set sail for America. ‘Large players are all over the U.S. now looking for deals.’

E-commerce company’s tie-up with government-owned lender suggests hybrid private-state future for central bank digital currency.

People’s Bank of China vows to keep sector under ‘heavy pressure’ as it pushes digital yuan.

Wire fraud, including cryptocurrency-related fraud, becomes fastest-growing crime as scams — some even involving China’s digital yuan project — proliferate.

Bitmain’s move comes amid China’s crypto mining crackdowns and AntPool’s shrinking hashrate. Is Bitmain gussying up for an IPO?

Top blockchain and crypto news: Is Amazon taking up BTC? Robinhood’s share sale deserves scrutiny. Did Huobi jump or was it pushed?

Closure of blockchain business may be related to regulatory concerns, but unlikely to hit crypto industry hard, observers say.

Optimum Mining Host-Black Rock Petroleum plan comes as Canaan seeks greener operations through Czech partnership.

Demand for non-fungible tokens appears insatiable as industry distances itself from crypto sector to avoid crackdown.

Plentiful electricity, cold climate are among drawcards as Chinese mine operators flee crackdown at home.

Privacy concerns prompt call for Americans to avoid e-CNY as lawmakers point to use of WeChat app to ‘surveil, threaten and arrest Chinese citizens.’

Central bank in apparent push for adoption ahead of Olympics as it doubles up on warning over non-state cryptocurrencies.

Bishijie’s suspension deprives users of industry news and community forum as Beijing continues campaign targeting cryptocurrency sector.

Proliferation of copycat non-fungible tokens based on media image sparks fresh concerns over authenticity, creators’ rights.

As issuer Circle prepares to list and China sounds the alarm over speculation, the mood among regulators is mixed, despite stablecoins’ clear appeal to investors.

In the first of a four-part series, Forkast.News looks at how non-fungible tokens may be changing who calls the tune in the recording business.

Ban on branded content covers range of financial services and ‘get-rich-quick’ schemes boosted by influencers with young followings.

Closure of center comes despite — or perhaps because of — professional pedigree of crypto exchange founder board members.

Warning comes as Beijing ramps up efforts to internationalize China’s currency through launch of digital yuan.

Higher value of Ether investments softens blow to value of Bitcoin holdings.

Adoption of e-CNY for urban transport networks marks first step in wider introduction of state-backed digital money.

In the last installment of a 3-part series on blockchain in Asia, Forkast.News examines: Everyone knows money has value. But does it also have ‘values’?

How China’s deployment of the digital yuan intertwines economics with geopolitics and concrete with virtual infrastructure, from Cambodia to the Caribbean.

As China shuts down crypto mining over environmental concerns, miners are moving next door to Kazakhstan, one of the most coal-rich countries in the world.

Long before most governments, the Asian superpower saw the potential in Bitcoin’s technology to spawn the next internet and a new form of money.

Urged on by the authorities, banks have wasted little time in putting e-CNY infrastructure in place, but now comes the hard part — getting people to use it.