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Study: 100 thousand Chinese secretly buy bitcoin using USDT

12 Jun 2020 1 minute read 0 comments Kluma

More than 100 thousand retail and institutional investors in China are one of the key buyers of USDT tokens entering the market. With their help, they circumvent the ban on cryptocurrency trading. This is evidenced by the results of a study by the Be...

Bank employee unsuccessfully invested stolen 2 million yuan in bitcoin

11 Jun 2020 1 minute read 0 comments Kluma

A bank employee from China invested the money of the company's customers in the first cryptocurrency, when its price dropped from $ 14,000 to $ 3,800A former bank clerk from China stole money from the accounts of company customers and invested it in...

China issued securities using blockchain for $ 17 billion

8 Jun 2020 1 minute read 1 comment Kluma

  Zheshang Commercial Bank Explains Why Issuing Assets Using New Technology and Who Will Help ItChinese commercial bank Zheshang issued blockchain-based securities backed by other financial assets (ABCP). The issue amounted to $ 16.9 billion. This is...

Walmart Controlled Company Partners with VeChain in China

4 Jun 2020 1 minute read 2 comments author_nan

On June 2, VeChain (VET) announced that it had partnered with China-based subsidiary of Walmart, Sam’s Club to use the former’s food traceability solutions in its line of products. PricewaterhouseCoopers (PwC), one of the “big four” professional serv...

Chinese Police Find Secret Bitcoin Mining Operation in Suspected Tombs.

3 Jun 2020 1 minute read 0 comments RickeBeatz

Chinese Police Find Secret Bitcoin Mining Operation in Suspected Tombs   Chinese law enforcement discovered an illegal Bitcoin mining operation in what appeared to be multiple underground burial sites. Chinese law enforcement discovered a Bitcoin (B...

Counterfeit Drugs In HK Have A New Hound To Face Called Blockchain

2 Jun 2020 2 minute read 0 comments Cryptos.com

Besides the technopolitical boil in Hong Kong, one of the city’s fastest increasing wounds would be the number of counterfeit drugs found in secondary and black markets, compromising the health status of HK citizens day after day, During 2017 alone,...

China Adds Cryptocurrency to Inheritable Assets.

31 May 2020 1 minute read 0 comments Blockchain Times

According to the latest Chinese civil code, the government has added cryptocurrencies in its legally inheritable list of assets. The new law was passed at the 13th National People's Delegation's conference which was held in Beijing. President Xi Jinp...

China Urges Its Citizens To Avoid Illegal Investment Opportunities

30 May 2020 2 minute read 0 comments Cryptos.com

China might have banned public cryptocurrencies in the past, but it’s more than happy to work with blockchain technology under a legal and regulated framework. After last year’s ‘risk tips‘ for “virtual currency” investors, the Chinese government iss...

Why China’s Cryptocurrency Matters More Than Bitcoin

29 May 2020 4 minute read 10 comments MarkHelfman

Cryptocurrency advocates remain massed and ready to rush the barricades of traditional finance. Who will rise to lead this charge? The Chinese government, if you can believe that. It will soon launch a digital yuan on its nascent Blockchain Service N...

The authorities of the Chinese province of Sichuan demanded to ban mining

23 May 2020 1 minute read 1 comment Kluma

The local government threatens investigations and administrative penalties in case of failure to comply with orders Local authorities in the Chinese province of Sichuan have issued a notification to subordinate authorities demanding to ban cryptocurr...