China

PlusToken scam: Top operators jailed for up to 11 years
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5 December, 2020

PlusToken scam: Top operators jailed for up to 11 years

A Chinese court also fined the PlusToken operators up to $900,000 for their roles in the $2.25 billion Ponzi scheme.
China’s $3 million DC/EP lottery
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4 December, 2020

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...
US emerging as block reward mining powerhouse
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2 December, 2020

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...
PlusToken scam: China seizes $4.2B in digital currencies
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2 December, 2020

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...
Digital yuan trial coming to China’s Suzhou City
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28 November, 2020

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...
Trump’s intelligence chief warns against China’s digital currency dominance
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27 November, 2020

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.