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China Crypto Roundup (Jun 8-15): 50M Yuan Blockchain Initiative, Bitcoin Mining in College Entrance Exam, Crypto Accounts Frozen, Bitmain Drama

Jun 15, 2020

lylian Teng

The Chinese cryptocurrency sphere this past week has seen a 50 million blockchain project give a strong boost into the blockchain industry, bitcoin mining knew by more people in the country as it was included in the country’s college entrance exam, thousands of crypto bank cards frozen, Bitmain’...

China Crypto Roundup (1-8 June): Chaos and Anxious

Jun 8, 2020

lylian Teng

The Chinese cryptocurrency sphere this past week has been stirred up with many instable factors. Bitcoin miners are anxious as Sichuan and Yunnan are starting to crack down on illegal bitcoin mining farms; Bitcoin giant Bitmain was entangled in the internal struggle once again; crypto traders...

China Crypto Roundup (May 26–June 1): Yunnan Pressures Bitcoin Mining, Hainan Speeds up Blockchain Development, Tencent to Invest 500mln in Blockchain-like Techs

Jun 2, 2020

lylian Teng

The Chinese cryptocurrency sphere this past week has seen Yunnan province, following its neighbor Sichuan, pressure cryptocurrency mining business. While in the blockchain sector, the past week has seen intensive efforts made from the local governments: the country’s crypto island Hainan d...

China Crypto Roundup (May 5- May 11): Bitmain Internal Struggle Escalates, CCTV Talks about Bitcoin Rally ahead of Halving, Shanghai Court Rules Bitcoin a Virtual Asset

May 11, 2020

lylian Teng

While the bitcoin world is preparing for the imminent halving of the block reward, bitcoin mining giant Bitmain’s internal power struggle is escalating into a physical brawl, Chinese national media talked about the latest bitcoin rally, and a Shanghai court ruled that bitcoin is a legal propert...