Authorities seized 600 computers and related hardware in Tianjin earlier this week, due to abnormally high electricity usage in the city, state media reported.
Chinese technology company Xunlei has become the subject of several class action lawsuits from investors who have bought the company’s digital token, LinkToken.
Authorities in China have arrested four people in the city of Xi’an in connection with a suspected cryptocurrency pyramid scheme, according to local media reports.
The Global Fintech and Blockchain China Summit 2018 was interrupted by police in Shanghai, bringing an immediate halt to proceedings and ejecting all delegates from the event.
Online shopping platform Taobao has prohibited stores from promoting ICOs, cryptocurrencies, and other related goods and services.
Cryptocurrency investors in China have resorted to underground activities after the Beijing government banned Bitcoin trade in the country, according to reports.
A number of cryptocurrency associations from South Korea, Russia and China have decided to file a class action lawsuit against internet advertising companies and social platforms that have decided to ban cryptocurrency and ICO advertisements.
A Chinese company has released a cellphone that it claims will allow the user to mine BTC and record information, like fingerprints and location, directly on the blockchain.
The People’s Bank of China has decided to open the Chinese market to foreign investors, a development that could also boost the domestic cryptocurrency market.
The cryptocurrency sector in China continues to come under severe pressure as the strength of government regulation bears hard on investors.
The Beijing-based e-commerce giant has teamed up with meat merchant InterAgri to employ blockchain tech and track down their meat supply.