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China Crypto Roundup (Mar. 22-Mar. 28):China State-Owned Banks Opened Digital RMB Wallet Whitelist Applications

1. The9 purchased the second batch of Whatsminer, with its’ computing power increase 40 PH/s

On March 22, well-known Chinese game company The9 Limited has bought another batch of bitcoin miners from MicroBT (the manufacturer of Whatsminer) according to the sales agreement they signed earlier. The9 purchased 482 Whatsminer M31S+. The computation power of each M31S+ is about 80-86TH/s, and the power consumption is 38-42W/T. Now all the miners have been delivered, and the hashrate The9 holds will increase by about 40 PH/s.

2. Six major state-owned banks have started to promote digital RMB wallets and open a whitelist of applications

The digital RMB test process is speeding up. Six big state-owned banks have begun to promote digital RMB currency wallet. At the branches of state-owned banks, customers can apply for a whitelist and participate in the test by setting up a bank sub-wallet in the central bank’s digital RMB APP.

3. Fenbushi Capital raised approximately $23 million for Filecoin funding

On March 24, Fenbushi Capital announced the closing of the Filecoin Eco Fund, which has overraised the entire fund, with a final management size of 300,000 FIL, or approximately $23 million at reported market prices.

4. Hong Kong is testing a rapid payment system to top up digital RMB mobile payments

The Hong Kong Monetary Authority (HKMA) is testing the rapid payment system to help top up digital yuan mobile payments, JP Eddie Yue said on March 26. The HKMA has completed the first phase of the test and will expand the participation of banks in the second phase, Yue said.

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