China’s Central Bank Slams Blockchain Investment ‘Bubble’

Twitter Facebook LinkedIn China’s central bank has called on the government to strengthen supervision into ‘speculative’ financing and investments in the blockchain sector. The Research Bureau of the People’s Bank of China, the country’s central bank, published a working paper titled ‘What can a blockchain do and cannot do?’ on Tuesday. An early analysis of […]

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Hong Kong Exchange Prepares for Blockchain Trading Platform

Twitter Facebook LinkedIn Hong Kong Exchange and Clearing Limited (HKEX) has joined forces with Digital Asset to develop a blockchain platform for post-trade allocation and processing of trades. This alliance was created under the Stock Connect programme with China, based on a FinExtra report. HKEX had been working on a prototype system for Stock Connect […]

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What China’s Cashless Revolution Can Teach the West About Crypto

Michael J. Casey is the chairman of CoinDesk’s advisory board and a senior advisor for blockchain research at MIT’s Digital Currency Initiative. The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday exclusively to our subscribers. Cash appears to be disappearing from China’s teeming cities. Foreign tourists talk of struggling to […]

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PBoC’s Digital Currency Chief Departs to Lead Securities Clearing House

The former architect of China’s central bank digital currency (CBDC) initiative has left the position to head the country’s central securities clearing house. Yao Qian, who founded the Digital Currency Research Lab at the People’s Bank of China (PBoC) last year, has now taken up the role of general manager at the China Securities Depository […]

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PBoC Is Seeking Blockchain Talent to Help Build Its Central Bank Crypto

The People’s Bank of China (PBoC) is looking to recruit blockchain tech and legal experts as it continues development of its central bank digital currency. According to various employment ads posted on Tuesday, the central bank is currently hiring four engineers with expertise on system architecture, chip design, blockchain development and application, cryptography and security protocol […]

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WeChat, Alipay to Block Crypto Transactions on Payment Platforms

Chinese mobile payment platforms WeChat Pay and Alipay are scrambling to keep up with regulators after recent announcements regarding initial coin offerings (ICOs) and cryptocurrencies. Both payment giants have said that they will work with the government agencies closely to monitor cryptocurrency transactions, according to news releases on August 24. As CoinDesk reported on Friday, […]

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Chinese Police Arrest Hackers Behind $87 Million Cryptocurrency Theft

Chinese police have reportedly arrested three suspected hacked alleged to have stolen bitcoins and other cryptocurrencies worth $87 million. According to a report in Xinhua, China’s state-owned press agency, police in the city of Xi’an in northern China first began investigating a complaint by a victim who alleged hackers had compromised his computer to steal […]

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China’s Crypto Millionaires Are Using Bitcoin to Buy Real Estate Abroad

The chives growing in one crypto tycoon’s California mansion carry a hidden message. Guo Hongcai, a beef salesman turned early bitcoin adopter from China’s Shanxi province, is one of many freshly minted millionaires funneling parts of their wealth out of the country by purchasing real estate abroad. In April, Hongcai sold 500 bitcoin in the […]

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Chinese Police Arrest Crypto Miner for Power Theft

Authorities in China have arrested a man for allegedly stealing a significant amount of power in order to fuel a clandestine cryptocurrency mine. Police in the eastern Chinese province of Anhui Province seized more than 200 computers used for bitcoin and ether mining after the local power grid company reported a spike in electricity use, […]

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Universities to Build Blockchain DAO for Affordable Education

A group of top-tier Chinese universities in China is planning to build a decentralized, blockchain-powered organization aimed to make educational resources more accessible and affordable. Led by Tsinghua x-lab, the innovation incubator at China’s Tsinghua University, along with several other educational institutions such as the Peking and Zhejiang universities, the initiative was revealed on Sunday. Dubbed […]

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