China


Tech

China's Biggest Payment Firms Have No Plans to Follow Facebook into Crypto

WeChat parent Tencent and Alibaba's payments arm Ant Financial have no plans to follow Facebook into crypto.

Alibaba

Tech

'Hard Core Fund' Collects 50 BTC to Support Bitcoin Developers

This bitcoin evangelist is bridging the gap between the Asian mining industry and global open source developers.

Dovey Wan

Tech

NEO Releases Detailed Financials Ahead of Cryptocurrency Relaunch

Many of the companies associated with NEO have proven to be a lucrative boon for token cofounders Erik Zhang and Da Hongfei.

Consensus2019_MattMateiescu_121

Markets

China Authorities Probe Alleged Illegal Bitcoin Mining Sites at Hydro Plants

Authorities in Sichuan province are reportedly probing into local bitcoin mining farms that may have been constructed without official approval.

Bitcoin mining facility via CoinDesk archives

Markets

Digital Renminbi: A Fiat Coin to Make M0 Great Again

Anonymous, cryptocurrencies could become more important in an environment where government money is closely controlled, says Dovey Wan.

(Shutterstock)

Markets

Bitcoin Mining’s New Bidding War

The cost of secondhand cryptocurrency mining equipment in China has nearly doubled in the last few weeks in response to bitcoin’s price jump.

Antminer machine

Markets

China's Foreign Exchange Regulator Piloting Blockchain in Trade Finance

The agency that regulates and manages China's foreign exchange reserves will trial a blockchain system addressing inefficiencies in cross-border trade.

yuan and usd

Markets

Bitmain Set to Deploy $80 Million Worth of Bitcoin Miners, Sources Say

Bitmain, the largest manufacturer of crypto mining equipment, is scaling up its capacity to mine bitcoin itself.

Stack of bitcoin miners

Markets

Bitcoin Miners Are Investing Again, Expecting a Cheap Power Boom Soon

Bitcoin miners in China are betting that abundant water this summer will make their business profitable again.

mining farm in Sichuan

Markets

A Crypto Project That Raised $20 Million Is Caught Faking Its Founding Team

BHB in China raised $20 million in 2018 touting a three-person team. The only problem? At least two were fake.

bhb, xbtc