Rumors: China is about to Reverse Its Ruling on Crypto Mining and Bitcoin

Amidst Bitcoin’s (BTC) recent resurgence, notably hitting a new all-time high of over $65,000, rumors floated around that China regrets its decision to pull out...
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Huawei Mate 40: First Smartphone to Feature a Hardware Wallet for Digital Yuan

Huawei’s newest smartphone offering, the Huawei Mate 40, will reportedly feature an integrated hardware wallet for the digital yuan – China’s highly-publicized central bank...

The Chinese CBDC Could Serve As Viable Backup to Both WeChat Pay and Alipay,...

The Central Bank Digital Currency (CBDC) of China, the Digital Yuan, could serve as an effective alternative for the country’s primary retail payment services,...
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China Schedules the Digital Yuan’s Second Lottery in the Double 12 Shopping

According to the local news publication, The Paper, Suzhou China is set to host the second lottery for the Chinese CBDC or Digital Yuan...

The Government of China Reaffirms That Crypto-Based Businesses Are Currently Considered Illegal

According to the Chinese government, the apparent rise of virtual currency trading has disrupted the country’s overall financial and economic order, springing forth and...

Trials for the Chinese CBDC Has Now Reached the Beijing Subway

As per China’s announcement this Wednesday, subway passengers that are using the Industrial and Commercial Bank of China’s (ICBC) dedicated mobile app may now pay...

Beijing Is Reportedly Cracking Down On Crypto Mining Farms in an Effort to Promote...

In response to the rapidly growing global concern of regulators regarding the massive electricity consumption of Bitcoin (BTC) farms worldwide, Beijing is now reportedly conducting...

US DOJ Recovers $2.3 Million Worth of BTC from the Ransomware Attack Suffered By...

The US Department of Justice (DOJ) announced earlier today that it had successfully recovered Colonial Pipeline's $2.3 million worth of Bitcoin (BTC) from when it...

China’s Central Bank Demands China-based Banks to Halt Crypto Service Offerings

The Central Bank of China recently ordered Chinese banks and other payment establishments to suspend crypto service offerings, such as transactions, settlements, and even opening...

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