Tuesday , March 19 2024
Home / Crypto in China

Crypto in China

3 Reasons China Should Repeal Bitcoin Ban (Opinion)

China’s economy grew 5.2% in 2023, but its stock market took a 10% tumble for the year. Meanwhile, some Chinese investors sought shelter in cryptocurrency despite the government’s Bitcoin ban. These brave souls were not unpatriotic, nor was their investment in Bitcoin against the fundamental principles of Chinese communism. In fact, they are on to something that most of the world’s governments have been slow to grok: Bitcoin represents an ideal store of value beyond borders...

Read More »

Chinese Officials Tackle Rising Crypto Corruption, Call for Enhanced Legal Measures

Chinese official media has highlighted the growing concern over corrupt officials utilizing advanced methods to conceal and transfer illicit gains. This trend, marked by the use of cryptocurrencies and other digital mediums, was a central topic at the 2023 annual meeting of the China Integrity and Legal Research Association. China Faces New Wave of Crypto-Related Corruption The association, a national-level entity registered under the Ministry of Civil Affairs, discussed the...

Read More »

RenrenBit Founder Sentenced in Prison as China Cracks Down on Crypto Activities

China’s Supreme Procuratorate has dealt a significant blow against illegal cryptocurrency operations by sentencing Zhao Dong, the founder of RenrenBit and a minor shareholder of Bitfinex, to a seven-year prison term. The prominent crypto figure faced charges for running illegal business operations and engaging in unauthorized foreign exchange trading. This move underscores China’s continued crackdown on illicit activities within the industry. Crypto OTC Illegal Ventures Dong,...

Read More »

November 2023: Das sind Singles Day, Black Friday und Cyber Monday

In der Vorweihnachtszeit stolpern Verbraucher weltweit über verschiedene Shopping-Events, die mit verlockenden Angeboten und Rabatten werben. Doch was steckt eigentlich hinter Begriffen wie Singles Day, Black Friday und Cyber Monday? Ein kleiner Überblick. Das sind Singles Day, Black Friday und Cyber Monday In der Vorweihnachtszeit stolpern Verbraucher weltweit über verschiedene Shopping-Events, die mit verlockenden Angeboten und Rabatten werben. Doch was steckt eigentlich hinter Begriffen...

Read More »

Caroline Ellison Says FTX Bribed The Chinese Government With $100 Million

Former Alameda Research CEO Caroline Ellison offered more details about various financial crimes she committed at FTX with her ex-boyfriend, Sam Bankman-Fried while testifying in court on Wednesday. Besides stealing FTX customers’ money, Ellison said FTX bribed the Chinese government with $100 million to unlock a much larger pool of frozen assets. FTX’s Bribes According to a summary provided by Inner City Press on Wednesday, Alameda resorted to bribery after alternative...

Read More »

Hong Kong’s Crypto Initiatives Spark ‘Bubbling Optimism’ in East Asia: Chainalysis

Eastern Asia ranks as the fifth most active crypto market, contributing 8.8% of global digital asset activity between July 2022 and June 2023. Its decline over the last few years has been notable – largely propelled by the big blow to the Chinese trading activity and mining sector. Chainlysis’ latest analysis signals a potential tailwind for the region East Asia owing to Hong Kong’s crypto initiatives and industry-friendly regulations that have been launched over the past...

Read More »

Bitcoin-Rechenleistung: Netzwerk resilienter denn je!

Die Hash Rate misst die im gesamten Bitcoin-Netzwerk zur Verfügung stehende Rechenleistung und ist zugleich ein guter Indikator für die Sicherheit des Netzwerkes. Denn je mehr Rechenleistung für Mining und Validierung von Transaktionen zur Verfügung steht, desto sicherer ist Bitcoin auch vor Hacks oder anderen böswilligen Angriffen. Zugleich beeinflusst die Hash Rate auch den Schwierigkeitsgrad für das Schürfen rsp. Mining von Bitcoin, denn je mehr Miner aktuell beteiligt sind, desto...

Read More »

Apple’s Woes in China Persist as Huawei Makes Huge Chip Breakthrough

Aside from the popular Apple and Samsung brands, Huawei is probably one of the few other companies that has designed its smartphone processor. Another threat may just have added to the number of issues that Apple Inc (NASDAQ: APPL) currently faces in China. Despite the pertinent geopolitical and economic threats to its existence in the region, the giant tech firm now faces an additional challenge from a resurgent Huawei. That is because China’s biggest semiconductor manufacturer SMIC has...

Read More »

BRICS New Development Bank: Die Entwicklungsbank

Soeben fand der aktuelle BRICS-Gipfel statt. Die meisten Medien berichteten nicht darüber, da es nichts zu berichten gäbe. Mag sein. Aber aus sicht der Digitalen Währungen gab es doch 2 wichtige News. Einerseits wollen die BRICS-Staaten gegen die Weltmacht des US-Dollar vorgehen und beispielsweise grosse Erdöl-Deals vermehrt in lokalen Währungen abwicklen, sofern das funktioniert und genügend Liquidität vorhanden ist. Irgendwann soll eine...

Read More »