China’s $3 million DC/EP lottery
The city of Suzhou in China will be distributing 20 million yuan ($3 million) of China's central bank digital currency–the DC/EP–via a lottery.
Latest China News
US emerging as block reward mining powerhouse
Industry watchers have noticed that hashrate emanating from North American has been increasing, eroding the centralized collective market share that Chinese competitors once held.
PlusToken scam: China seizes $4.2B in digital currencies
Court documents from the Jiangsu Yancheng Intermediate People's Court revealed that Chinese police had seized over $4.2 billion in digital currencies at today’s prices.
Digital yuan trial coming to China’s Suzhou City
Beginning December, residents across the city will be the central bank digital currency in so-called “red packets,” with 50,000 packets of the digital currency to be given away through a local lottery.
Trump’s intelligence chief warns against China’s digital currency dominance
The United States’ intelligence community has raised concerns over China’s continued dominance in the digital currency space.
China’s Xi Jinping urges G20 to lay groundwork for CBDC adoption
China’s President Xi Jinping has called on G20 leaders to lay the groundwork for central bank digital currencies adoption by developing standards and principles.
China block reward miners finding it hard to pay electricity bills: report
The clampdown has reportedly makes it harder for block reward miners to exchange the digital token they mine into the Chinese Yuan in order to pay utility companies.
China to develop new CBDC test zone in Beijing
The PBoC’s Digital Currency Research Institute announced that it was planning to build a ‘legal digital currency test zone’ in Beijing.
BSV app dev event in Shenzhen equips developers with building tools
Bitcoin Association teamed up with SatoPlay to host the event which sought to equip developers with the insight and tools they need to build on the Bitcoin blockchain.
Huobi beset by reports of law enforcement action
Huobi has reassured customers that their assets stored in the platform's wallets were safe, following speculation that Robin Zhu was "under investigation” or had been taken into police custody.
Huawei new smartphone comes with digital yuan wallet
Huawei’s latest range of smartphones will allow its users to store, send and receive China’s central bank digital currency.
Xi Jinping urges China to lead in digital currency regulation
Xi Jinping’s pro-blockchain stance has played a big part in China’s move to become a global blockchain hub.