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Tag Archives: crypto

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 ...

China, US Dip As Global Crypto Adoption Grow By 2300%

Aug 19, 2021

Olusegun Ogundeji

Despite reporting global cryptocurrency adoption skyrocketing, China and the U.S. dropped in their global adoption index ranks, latest data from blockchain data platform, Chainalysis shows.   Crypto adoption grows 800% in one year The firm's data shows that residents of mor...

Despite All, China Remains an Important Market for Crypto 

Jun 24, 2021

Olusegun Ogundeji

Following China’s crypto mining crackdown of the past few weeks, Bitcoin on-chain activity has fallen dramatically this week to return to levels not seen in a year, latest analysis from GlassNode shows. The analytics firm adds that the fall is making a simultaneous seismic shift possible in ...

China Encourages Citizens To Embrace Blockchain But Ignore Crypto

Dec 3, 2020

In an article that was recently published on the Chinese state media Xinhuanet, citizens of the country and other inhabitants have been discouraged from taking part in cryptocurrency activities. Emphasis on this advice was pegged on the current surge that Bitcoin price is experiencing, since it...

China Crypto Roundup (Nov 23- Nov 30): Chinese City Suzhou to roll CBDC Testing, China Construction Bank Withdrew Proposed $3bn Blockchain Bond, Over $4.2bn Seized in PlusToken Crackdown

Nov 30, 2020

Vincent He

The top stories from the Chinese cryptocurrency sphere this past week include: China’s city of Suzhou reportedly set to roll out “red packets” trial for digital yuan, court documents show over $4.2bn seized in PlusToken crackdown.…… Chinese city Suzhou to roll CBDC testing S...

Why China Is Leading The Race In The CBDC Market

Nov 18, 2020

The idea of Central Bank Digital Currencies (CBDCs) has split the blockchain and digital assets industry into two distinct sections. While one group believes that this idea might encourage adoption of the novel technology into the mainstream, the other suspects that it is simply a method o...