China

China

Biden Administration Concerned Over Long-Term Effects of Digital Yuan: Report

Officials at multiple government departments are increasing efforts to better understand any possible threat posed to the U.S. dollar by China's digital yuan.

News  ·  12 April 2021
Newsletters

Crypto Long & Short: Peter Thiel Defines Bitcoin’s Accidental Role in Global Politics

Thiel's comments about China “weaponizing” bitcoin to hurt the U.S. are a warning about the cost of inaction.

People  ·  11 April 2021
Crime

Exec of Chinese Blockchain Firm Allegedly Misappropriated $45M in State-Owned Bitcoin: Report

Gao Ziyang has reportedly been detained for the alleged liquidation. The company denied his involvement and has not confirmed the detainment.

News  ·  9 April 2021
China

Chinese Web Firm Meitu Buys $10M More in Bitcoin

The publicly traded app developer has now spent $100 million on bitcoin and ether.

Business  ·  8 April 2021
Newsletters

China, the Convenient Foil

Peter Thiel is both right and wrong in calling bitcoin a tool that could empower China and challenge the U.S. dollar.

News  ·  8 April 2021
China

PayPal Co-Founder, Bitcoin Investor Thiel Says Bitcoin Could Be Chinese ‘Weapon’

With bitcoin back in the spotlight, so are old fears that China may be at the reins.

News  ·  7 April 2021
China

Chinese Lottery Firm Furthers Crypto Pivot by Buying Bitcoin Miner Maker for $100M

The acquisition of mining equipment maker Bee Computing comes amid the lottery-turned-crypto-mining firm’s shopping spree.

Business  ·  6 April 2021
China

Shark Tank’s O’Leary Says a ‘Made in China’ Label on Bitcoin Keeps Some Funds Away

"I have had many institutions tell me they do not want to own 'China coin,'" he said at a Cboe event.

News  ·  25 March 2021
CoinFlash

China Proposes Global Rules for Monitoring CBDCs

China is leading major nations in the development of a CBDC but the digital yuan project has raised concerns.

News  ·  25 March 2021
China

Fed Chair Powell: Digital Dollar Would Need Stronger Privacy Than Digital Yuan

“The lack of privacy in the Chinese system is just not something we could do here,” Powell told a House committee.

Policy & regulation  ·  24 March 2021
DeFi

Shanghai-Backed Conflux Blockchain Wants to Bring DeFi to China

The company told CoinDesk that even though ICOs and fiat-to-crypto trading are not allowed in China, crypto-to-crypto trading is not banned.

Markets  ·  24 March 2021
Newsletters

State of Crypto: What’s Next for the OCC?

The OCC published a number of crypto-friendly pieces of guidance last year. The next head of this banking regulator could undo this work.

Policy & regulation  ·  23 March 2021
China

How China’s Digital Yuan Could Go Global

China has been quietly testing platforms where the digital yuan can be freely traded with other fiat currencies.

Policy & regulation  ·  17 March 2021
CoinFlash

Ant Group Leads China-Dominated 2020 List of Blockchain Patent Holders

The only non-Chinese firm in the rankings, IBM, came fourth in terms of number of patents.

Tech  ·  15 March 2021
CoinFlash

Blockchain Gets First Mention in China’s 5-Year Policy Plan

China’s 14th five-year plan outlines the country’s economic priorities and stressed that technology will play an increasingly important large role.

News  ·  12 March 2021