Crypto Curry Club: Blockchain in China highlights
Leading individuals from across the financial world assembled to discuss China’s recent proposal for a digital currency pegged to the Renminbi.
Leading individuals from across the financial world assembled to discuss China’s recent proposal for a digital currency pegged to the Renminbi.
A senior engineer at Chinese search giant Baidu was arrested and charged for using company servers to mine Monero. He has been sentenced to 3 years in jail.
The “Wanbao” blockchain zone is located in the city of Loudi, making it the first blockchain zone in Hunan province.
First Digital Trust has raised $3 million from a Taiwanese venture capital firm to build its rapid settlement and clearing network which launches in May.
Beijing has joined Shenzhen in implementing blockchain invoicing as it seeks to increase transparency, reduce the associated costs and increase convenience.
MicroBT, has managed to increase its market share while industry leader Bitmain struggles with supply chain setbacks and internal strife.
Chinese exchange FCoin has shut down claiming to be under maintenance, but it appears the problems are bigger and could lose $125 million for its users.
Bitcoin development in China is happening at a rapid pace, with a growing number of startups focusing on developing apps for Bitcoin SV.
The closure of crypto mines is harmful to the crypto mining industry as China has always been one of cryptocurrency mining's largest markets.
China has always been at the forefront when it came to adopting Bitcoin, and now that they have discovered BSV, they are taking to it fast, Ella Qiang says.
The FastPay Button makes it easy for users to monetize their own data.
The Coronavirus continues to destroy and blockchain could help China in its response, enabling transparency in distribution of funds and better data management.