China

China cracks down on block reward miners bypassing regulators
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16 June, 2020

China cracks down on block reward miners bypassing regulators

To reduce cost, block reward miners in China are switching from thermal powered facilities to hydro-powered operations.
Guangdong police freeze 4,000 bank accounts in latest digital currency crackdown
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14 June, 2020

Guangdong police freeze 4,000 bank accounts in latest digital currency crackdown

Authorities identified bank accounts belonging to digital currency OTC traders suspected of involvement in illegal money laundering activity.
Binance remains operational in China: report
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10 June, 2020

Binance remains operational in China: report

A recent CCTV investigation revealed that its Beijing-based reporter was able to sign up on the Binance platform via its...
Chinese bank issues $17M in commercial paper via blockchain
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10 June, 2020

Chinese bank issues $17M in commercial paper via blockchain

Zheshang Bank’s use of a blockchain illustrates how the technology can be used to enhance traditional financial product transactions.
Illegal BTC block reward miners busted in China’s tombs
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8 June, 2020

Illegal BTC block reward miners busted in China’s tombs

Police stumbled across entrances to two burial sites where illegal block reward mining rigs were operating, powered by stolen electricity.
Tencent Cloud wants to set up new blockchain alliance
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7 June, 2020

Tencent Cloud wants to set up new blockchain alliance

The Industry Blockchain League will draw on companies, government agencies and other organizations from across industry sectors.
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