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Tag Archives: China

2022 Asian Games Boost NFT in China With Torch Collection Sale

Sep 17, 2021

Olusegun Ogundeji

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...

China Targets Crypto-related Money Laundering Next

Sep 14, 2021

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 ...

Official Retailer of Chinese Tech Company Enables Crypto Payments

Aug 8, 2021

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...

China Suspends Software Company Over Cryptocurrency Involvement

Jul 8, 2021

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 ...

Miners Clampdown in China Good for Bitcoin in the Long Run

Jun 25, 2021

Recent Bitcoin predicaments have been compounded by the series of bans being carried out in China. Significant among these bans is the abolishment of mining activities within the country. The order to shut down Bitcoin mines has had a direct effect on the Bitcoin and cryptocurrency market, le...

Police in China Arrest Hacker, Recover $460,000 in Stolen Bitcoin

May 13, 2021

The police in China have apprehended a thief who hacked into the email of a Bitcoin owner and stole his funds through multiple transactions. The incident which happened in the Jiangxi province of eastern China is the latest among a couple of cryptocurrency thefts that have taken place recently...