China’s largest cryptocurrency exchange, Huobi, has finally given up on finding ways of retaining operations in the country. This decision was made known by the company’s co-founder, Du Jun who clarified that after several attempts, Huobi has given up on negotiations with regulators on the s...
The two leading cryptocurrency aggregator and market data websites, Coingecko and Coinmarketcap have been made inaccessible for users in mainland China. This is a result of the ongoing crackdown on cryptocurrency activities in the country. According to reports, tests carried out using Gr...
Bitcoin price fell below $40K for the first time since August along with other cryptocurrencies. This drop appears to be contagion from the falling equity market, amidst fears that Chinese real estate giant Evergrande could slide into bankruptcy. Evergrande, at the time of writing, remai...
Although the Chinese authorities claim to have rounded up their clampdown on cryptocurrency activities, the search for cryptocurrency miners continues. According to reports, this search is targeted at fishing out the individuals and corporations that may be carrying out crypto mining activities u...
The non-fungible token (NFT) space in China got a boost on Thursday Sep 16 with the issuance and sale of the torch NFT by the 2022 Asian Games organizers, Global Times has reported. The report says the sporting event's 3D digital torch marks the first NFT collection to be iss...
One of the biggest news in the cryptocurrency industry in 2021 was the clampdown by China on the novel technology and the innovations surrounding it. While the Asian giant continuously reiterated its support for blockchain technology, the other half of the innovation, cryptocurrency, was highly ...
With a public rollout expected next year, efforts to grow the digital yuan’s (e-CNY) usage continue to take new forms of late in a slight move away from city-wide pilot trials. The shift, focused on enriching users’ experience with regards to payment, is coming at a time when China’s dig...
Despite Bitcoin’s price drop, big North American miners still recorded significant gains in revenue quarter-over-quarter as they released their financials for Q2 last week. In what it describes as an effect of the China crypto mining ban, Luxor Mining which provides analysis, data, and ...
Leading Chinese technological company, Xiaomi has enabled the acceptance of cryptocurrency payments for purchases in one of its official retail outfits. This is in line with the company’s goal of maintaining its status as a technological, innovative, and disruptive brand. Xiaomi customers w...
Beijing Qudao Cultural Development Co Ltd, a software development company based in China has been ordered by the country’s central bank to suspend operations. The reason for this suspension is reported to be as a result of the company's involvement in cryptocurrency activities, despite the ...
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