China Newsbase
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The China News Database was last updated at 01:50PM on November 9, 2023.
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50 articles matching the search query.
Major Chinese bitcoin exchange suspends mining services to mainland
Huobi has become one of the first Chinese-founded cryptocurrency exchanges to halt its domestic bitcoin mining operation after the State Council announced a further crackdown.
May 24, 2021 Source: South China Morning Post
Huobi launches funds tracking bitcoin, ether as it rides boom in cryptocurrency punts
The move also come as mainstream financial companies embrace cryptocurrency after bitcoin’s value took off in October, even amid warnings of a bubble, and volatility and regulatory risk around the globe remain concerns for the asset class.
April 22, 2021 Source: South China Morning Post
Chinese cryptocurrency platform ringleaders jailed in US$2.25 billion scam
Size of the PlusToken scam makes it one of the largest uncovered Ponzi schemes in China to have taken advantage of blockchain technology, and the number of new cases involving illegal fundraising have soared in recent years.
December 1, 2020 Source: South China Morning Post
Bitcoin ads splash across Apple Daily, Western media as US sanctions mount
Recent spate of cryptocurrency adverts across both Eastern and Western media outlets look to capitalise on concerns over restricted access to the US dollar payment system.
August 28, 2020 Source: South China Morning Post
Report finds $50 billion of cryptocurrency moved out of China hinting at capital flight against Beijing rules
Over $50 billion of cryptocurrency moved from China-based digital wallets to other parts of the world in the last year, pointing to possibilities that Chinese investors are transferring more money than they are allowed to out of the country, a new report claims.
August 21, 2020 Source: CNBC
Is China’s digital currency set for launch?
People’s Bank of China governor Yi Gang says ‘there’s no timetable for an official launch’ of the world’s first sovereign digital currency despite upcoming trials.
May 26, 2020 Source: South China Morning Post
Bitcoin Spikes to October Highs as China Stocks Plunge on Reopen
Cryptocurrencies briefly jumped amid chaotic trading in Asia after China’s stock markets reopened to steep losses following an extended holiday shutdown.
February 2, 2020 Source: Bloomberg
China’s bitcoin miners scoop up greater production power, research says
Chinese companies such as Bitmain and MicroBT are among the world’s biggest manufacturers of bitcoin mining gear.
December 11, 2019 Source: South China Morning Post
China’s crypto miners avoid Beijing blacklist, but where to next?
In a surprising policy shift in late October, China’s economic planning agency removed cryptocurrency mining from a list of activities set for elimination.
November 25, 2019 Source: South China Morning Post
Will Bitcoin Crash Again? Bitcoin Price Falls to 6-Month Low
Bitcoin sank to the lowest level in six months, extending this month’s slide on concerns about a crackdown on cryptocurrency operations by China.
November 24, 2019 Source: Bloomberg
Bitcoin Prices Fall To Their Lowest Since May
Bitcoin fell to nearly $6,600 today, its lowest in more than six months. Will the cryptocurrency suffer further downside in the coming days and weeks?
November 24, 2019 Source: Forbes
Bitcoin Drops Below $7K as Traditional Markets Flatline - CoinDesk
Bitcoin has fallen beneath the $7,000 psychological price range as global markets took a breather Saturday amid the ongoing trade dispute between the U.S and China.
November 24, 2019 Source: CoinDesk
Amazon of China goes big on Bitcoin - Decrypt
Despite a mixed stance on crypto, Chinese retail giant Alibaba has partnered with crypto startup Lolli to reward customers in bitcoin for purchases.
November 11, 2019 Source: Decrypt
Blockchain Frenzy That Xi Started Gets Warning from China Media
China’s state media said investors should avoid speculative behavior after comments by President Xi Jinping sent blockchain-related stocks surging on Monday.
October 28, 2019 Source: Bloomberg
‘Delusional’ Facebook Libra destined to fail, says former Chinese official
Facebook’s Libra digital currency is a ‘delusional’ project that will fail because of the risk it poses to sovereign currencies, says a prominent Chinese political figure.
October 28, 2019 Source: South China Morning Post
Bitcoin had a wild weekend, briefly topping $10,000, after China's Xi sang blockchain's praises
Bitcoin's price rose sharply over the weekend after Chinese President Xi Jinping gave a speech embracing blockchain technology.
October 28, 2019 Source: CNBC
Controversial Crypto Coin’s Rise Fueled by China Trading Ban
Cryptocurrency investors better not take their eyes off China, even after regulators there started to crack down on digital assets.
October 14, 2019 Source: Bloomberg
Dow falls for second day, drops more than 100 points after China officials cut US visit short
Stocks fell on news that Chinese officials were cutting short their visit to the U.S.
September 20, 2019 Source: CNBC
Dow plummets more than 600 points after Trump orders US manufacturers to leave China
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.
August 23, 2019 Source: CNBC
Why Facebook Chose Stablecoins as Its Path to Crypto: QuickTake
When Facebook Inc. developed Libra, its planned digital currency, it decided to focus on one version of the crypto world known as stablecoins. They’re not the biggest or best-known players in the field pioneered by Bitcoin. But to the broad range of companies partnering with Facebook on Libra, stablecoins seem promising as a possible bridge between the existing world of government-issued money and a crypto-based future. In particular, stablecoins are getting attention from banks like JPMorgan Ch
January 27, 2019 Source: Bloomberg