A drop in crypto prices is expected before Spring Festival as Chinese miners cash out. Five projects disappear from Binance Smart Chain, taking $3 million.
Bitcoin and blockchain
Chengdu digital yuan trial, data thieves paid in crypto: Blockheads
Chengdu is launching its first lottery trial to distribute the digital yuan; authorities bust a gang selling personal data for Bitcoin.
Chengdu to distribute $7.7 million in its first digital yuan lottery: report
The public digital yuan lottery in Chengdu will be the biggest one yet, distributing RMB 50 million to lucky winners via red envelopes.
Ant Group digital yuan tests, Iran’s Chinese miners: Blockheads
Ant Group employees can use the Alipay app for digital yuan transactions in select locations, including the Lujiazui district in Shanghai.
Chinese investors flocked to cryptocurrencies amid techwar
US-China tensions led Chinese institutional investors to look to cryptocurrencies as a safe haven—and a Bitcoin bull market didn’t hurt.
EXCLUSIVE: Binance, Poly Network to launch cross-chain interoperability
The Binance Smart Chain and Poly Network partnership will allow dapps built on the two networks to transact tokens and exchange information.
Mining rigmaker MicroBT is planning a US IPO: report
MicroBT, one of China’s top cryptocurrency mining equipment manufacturers, plans another round of fundraising prior to the IPO.
Digital yuan goes physical, mining rig prices rise: Blockheads
The digital yuan is trialed again in Shenzhen, at ATMs and via a smart card. Crypto mining rig prices soared as Bitcoin hit the $41,000 mark.
Second Shenzhen digital yuan lottery, rig makers’ new ventures: Blockheads
Shenzhen launched its second digital yuan public trial just as Suzhou finished its own. Rig makers Ebang and Canaan look to new markets in the new year.
BSN eyes CBDCs, Bitmain drama ends: Blockheads
The BSN is looking to tap into central bank digital currencies with two new projects, ZhongAn announces the first insurance policy to accept digital yuan.