China


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Facebook's Marcus Says China Wins With Digital Renminbi if US Nixes Libra

David Marcus, who leads the Libra project, said China will create a digital currency system that could be entirely out of reach for U.S. authorities.

Facebook's David Marcus at a Senate banking hearing in July, 2019

Технології

Polychain and a Chinese Bank Are Betting Millions on This Token Sale

Investing in a token offering for the Nervos Network could help China Merchants Bank International tap into the DeFi ecosystem.

The Nervos team

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PBoC Denies Claims It Will Launch Digital Currency in November

China's central bank has played down reports that it will issue its digital yuan in November through major banks and companies.

Credit: Shutterstock

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MicroBT Expects $400 Million in Q3 as Bitcoin Miner Sales Surge

The maker of WhatsMiner bitcoin miners says it expects to have delivered 200,000 devices by the end of the quarter.

MicroBT founder Yang Zuoxing speaking at an event hosted by Poolin in September 2019.

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Binance Makes Strategic Investment in Chinese Crypto Media Firm

Cryptocurrency exchange Binance has made an undisclosed investment in Chinese media and data source Mars Finance.

Binance CEO Changpeng Zhao

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Trump's Trade War May Be Driving Chinese Investors to Bitcoin

As the Chinese yuan falls in value due to the trade war with the U.S., there are signs that locals are increasingly moving funds into bitcoin.

Credit: Shutterstock

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HSBC Targets China Trade With Yuan-Demoninated Blockchain Letter of Credit

HSBC has carried out the first blockchain-based letter of credit transaction denominated in Chinese yuan.

HSBC's building in Hong Kong. (Christian Mueller/Shutterstock)

Технології

Why Tether Volume Is at All-Time Highs

The dollar-pegged stablecoin tether (USDT) has become a virtual bridge between Chinese traders and global markets.

shutterstock_1321251305

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Circle CEO: China’s Digital Currency Could 'Bypass' Western Banks

Circle CEO Jeremy Allaire said China is setting the pace in the development of a digital currency equivalent of its fiat currency, the renminbi.

Jeremy Allaire, Circle (CoinDesk archives)

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Bitcoin Miners Halt Operations as Rainstorm Triggers Mudslides in China

A severe rainstorm in China's southwest has led to fatal mudslides, causing some local hydropower plants and bitcoin miners to halt operations.

mud, slide