China’s food delivery giant Meituan has become the latest tech firm to integrate central bank digital currency (CBDC) payments for its services.Meituan users can link the digital yuan wallet to their service app and use it for a range of daily services such as booking hotels, cabs and paying at restaurants. The food delivery and daily services app recorded 660 million … [Read more...] about Chinese food delivery giant joins CBDC efforts
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Chinese police unearth multi-million dollar DeFi rug pull
Beijing’s crackdown on crypto continued with the start of the new year as Chinese police froze nearly 6 million yuan ($1 million) worth of crypto and arrested eight people involved with it. As per a report published in Nikkei Asia, the public security bureau of Chizhou unearthed a crypto rug pull fraud that could be worth 50 million yuan ($7.8 million). The police began an … [Read more...] about Chinese police unearth multi-million dollar DeFi rug pull
Chinese Cybersecurity Firm Qihoo 360 Says It Has Built Crypto Mining Monitoring Software to Support Crackdown
Qihoo 360 found that 109,000 mining IP addresses were active daily on average in November, mostly in the provinces of Guangdong, Jiangsu, Zhejiang, and Shandong, the company said. Miners mainly use home broadband, enterprise-dedicated internet connections, and data centers, Qihoo 360 said. Source link … [Read more...] about Chinese Cybersecurity Firm Qihoo 360 Says It Has Built Crypto Mining Monitoring Software to Support Crackdown
Chinese Crypto News Site ChainNews Shuts Down
ChainNews, one of China’s top crypto news sites, shuttered its operations today, co-founder Feng Liu told CoinDesk in a Twitter message.Earlier Friday the co-founder announced the closure in his personal WeChat moments, according to a screenshot obtained by CoinDesk.On Nov. 15, ChainNews said its website would be down for maintenance for a few hours, but that the team would … [Read more...] about Chinese Crypto News Site ChainNews Shuts Down
Huobi Co-Founders Set Up New Chinese Entity
The co-founders of crypto exchange, Huobi Global, created a new entity in Beijing on November 15, according to the Beijing government’s company registry.The new entity is listed under the name Beijing Chiyu Mushou.Enterprise information database Tianyancha shows that the company has RMB 1 million ($156,000) in registered capital. Leon Li, the founder and CEO of Huobi, has a … [Read more...] about Huobi Co-Founders Set Up New Chinese Entity