Shanghai exchange Hotbit suspends services as authorities probe ex-employee
Hotbit says that police are investigating an ex-employee for criminal conduct and that its funds have been frozen for this, impacting its day-to-day operations.
Latest Shanghai News
Shanghai 5-year digital economy development plan includes NFTs, web3, metaverse
Shanghai's blockchain adoption plans include creating an innovation system with blockchain and promoting the development of its ecosystem with strong innovation capabilities and independent control.
China: Court classifies Bitcoin as virtual property and protected by law
According to a local news outlet, the court made the statement in a case reference book it shared via WeChat titled "Does Bitcoin Have Property? How to perform return delivery?"
Shanghai police bust $16M digital currency pyramid scheme
A digital asset pyramid scheme that allegedly defrauded over RMB 100 million from 60,000 Chinese investors has been busted by police in Shanghai.
China intensive blockchain trial involves 164 entities in Beijing, Shanghai
The government of China is calling for an “intensive and balanced layout of blockchain technology infrastructure” in 15 zones even after the digital currency ban.
The CoinGeek Pulse Episode 71: Shanghai Metaverse plan, Bitcoin mining in SE Asia, Bitcoin Genesis Day celebrates 13 years
This week marks the 13th year of the Bitcoin Genesis Block. It first appeared on January 3, 2009, containing the now-famous headline from The Times: “Chancellor on brink of second bailout for banks.”
Shanghai court uses blockchain to record hearings
A court in China has integrated blockchain to record hearings as part of the country’s court reforms. Blockchain gives credibility to the recorded data.