China

China

China Is Opting Out of US-Run Financial System

If the U.S. government doesn’t lead financial innovation, China will leapfrog it and control the world’s emerging monetary infrastructure.

Policy & regulation  ·  30 April 2021
China

What China’s Blockchain Services Network Means for the World

While China invests heavily in blockchain technology, President Biden failed to mention the topic in his recent State of the Union.

Policy & regulation  ·  29 April 2021
China

Beijing to Track Crypto Mining Impact on Energy Consumption: Report

A Beijing municipal bureau sent an emergency notice to local data centers, asking about crypto mining operations.

News  ·  29 April 2021
China

US Will Not Race China to Develop a CBDC: Fed Chairman Powell

The U.S. is biding its time to see whether a CBDC was something that would be a "good thing for the people," Powell said Wednesday.

News  ·  29 April 2021
China

Bitcoin Hashrate Rebounds as Xinjiang Miners Come Back Online

The outages took place shortly before mining operations usually move from the coal-rich Xinjiang region to the rain-rich region of Sichuan.

Markets  ·  27 April 2021
China

Ant Group Has Been Working With China’s Central Bank on Its CBDC Since 2017: Report

The Alibaba-affiliated company disclosed the information over the weekend at the Digital China Summit in Fuzhou.

News  ·  26 April 2021
Bitcoin

The Future of Money Is Unbundled

Money's three social functions – storing value, exchanging it and providing a unit of account – are unraveling, with dramatic implications, says EYQ's Insights Director.

Policy & regulation  ·  23 April 2021
Bitcoin

Chinese Crypto Miners Face Unstable Regulatory Environment

Tightening regulations have unnerved some crypto miners in China.

Policy & regulation  ·  22 April 2021
Bitcoin

During Bitcoin’s Latest Price Crash, ‘Tether Premium’ Shows Where Money Went

The stablecoin's price in dollars surged during the recent market correction to the highest since the "Black Thursday" sell-off in March 2020.

Markets  ·  20 April 2021
China

PBoC Softens Tone Toward Bitcoin, Stablecoins, Calling Them ‘Alternative Investment’

The deputy governor said bitcoin and stablecoins were investment options and not currency during the Boao Forum on Sunday.

News  ·  19 April 2021
China

How Accidents in Chinese Coal Mines Are Affecting Bitcoin Mining

The explosions took nearly a quarter of Bitcoin's hashrate offline, but the network is operating normally and these miners could be back online in as soon as a week.

News  ·  16 April 2021
China

US Policy Adviser Rebuts Peter Thiel: Bitcoin Won’t Undermine USD

One policy maker says China is unlikely to use bitcoin as a financial weapon against the U.S. dollar.

Policy & regulation  ·  16 April 2021
China

China’s Digital Yuan Is No Threat to US Dollar, Says Bank of Japan Official: Report

“The dollar’s status as the key global currency won’t change so easily,” BOJ’s head of payments told Bloomberg.

Policy & regulation  ·  16 April 2021
China

Tech Consortium to Spend $1.3B to Build Filecoin Mining Facility in China

Upon its completion, the facility will be the largest filecoin distributed storage infrastructure project in China.

News  ·  15 April 2021
CoinFlash

Ant Group to Become Financial Holding Company as Part of Alibaba Settlement: Report

The terms of the restructuring are expected to curb the Alibaba affiliate's profitability and valuation.

News  ·  12 April 2021