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.
Chengdu is launching its first lottery trial to distribute the digital yuan; authorities bust a gang selling personal data for Bitcoin.
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 employees can use the Alipay app for digital yuan transactions in select locations, including the Lujiazui district in Shanghai.
US-China tensions led Chinese institutional investors to look to cryptocurrencies as a safe haven—and a Bitcoin bull market didn’t hurt.
The Binance Smart Chain and Poly Network partnership will allow dapps built on the two networks to transact tokens and exchange information.
MicroBT, one of China’s top cryptocurrency mining equipment manufacturers, plans another round of fundraising prior to the IPO.
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.
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.
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.