Confiscated in China 200 equipment of crypto-mining for illegal consumption of electricity
Chinese authorities confirmed the detention of a man supposedly for the illegal consumption of 150,000 kWh of electricity over the course of a month, due to
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China: An indispensable giant for Bitcoin
Among the most harsh situations experienced in the global cryptographic environment during the last year, undoubtedly China’s general ban on cryptocurrencies in 2017 was one of
Central Bank of China creates system to convert checks into cryptocurrencies
The People’s Bank of China (PBoC) will develop a blockchain-based system to digitize paper checks in order to reduce paper printing expenses and to combat financial
China and its blockchain paradox
Although there is still much controversy regarding the adoption and regulation of cryptocurrencies for various reasons, it is true that the road to the formal acceptance
Chinese government pressures to achieve results in blockchain development
Local financial authorities and government-funded research centers are being urged to hit the gas on blockchain R&D by the State Council of China, in order to
China launches official cryptocurrency index amid strict prohibitions
Ministry of Industry and Information Technology of China announced the launch of an official cryptocurrency index for public ranking of digital currencies, during a seminar specialized
Voice of China Criticizes Cryptocurrency Exchanges Defiance of Ban
Voice of China, a government backed media outlet has criticized the continual operation of exchanges despite the ban placed on their operations by the government. The
Miners May Lose Incentive to Continue Bitcoin Mining As Profit Dwindles.
With falling Bitcoin prices, the incentive to mining Bitcoin is reducing. There are more people interested in mining since Bitcoin became popular. There also are many
Yi Gang, New governor of the People’s Bank of China is in favor of Bitcoin
On March 19, Yi Gang, (who has repeatedly shown himself to be a Bitcoin supporter) and former deputy governor of the People’s Bank of China, has
Chinese Regulators Strive to Block Mainland Users from Accessing Offshore Exchanges
Chinese regulators have moved to block access to overseas exchanges within mainland China. The decision was taken to stop internet users in China from connecting with
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