Digital Currency Archives

NIO Denies Plan to Issue Digital Currency

On July 21, Chinese automaker NIO issued a statement asserting that seemingly official reports that the firm will issue a digital currency are false.

NIO Employee Illegally Mined Ethereum With Company Servers

A Weibo blogger revealed an internal note issued by Chinese EV maker NIO showing that an administrator of a cluster server surnamed Zhang had used the company's servers to illegally mine the digital currency Ethereum.

China NFT Weekly: China’s Crackdown on Crypto Continues

This week: Huobi plans for return to the U.S. months after shuttering its China business, China's Supreme Court adds digital currency to list of illegal fundraising methods, and more.

QuantInfo Technology Secures B-Round Financing Worth Over 100 Million Yuan, Focusing on FICC Trading

QuantInfo Technology, a Shanghai-based company that provides quantitative trading technology and services, announced that it has completed a B round of financing worth over 100 million yuan ($15.7 million).

Beijing to Use Winter Olympics as Global Launchpad for Digital Yuan

China's digital yuan is set to undergo a closely watched pilot run at this year's Winter Olympics.

Pilot e-CNY App Launched on iOS and Android Web Stores

The "e-CNY (Pilot) App" has now been launched on major web application stores.

China’s Bitcoin Miners Stumble amid Crypto Crackdown

From Inner Mongolia to Xinjiang and Yunnan, Chinese domestic Bitcoin miners have been expelled by ever tightening financial and environmental policies. Now that Sichuan is no more a haven, where to go?

Crypto Miners Huobi Mall and BTC.TOP Halt China Business Amid Heightened Regulatory Clampdown

Chinese cryptocurrency miners Huobi Mall and BTC.TOP announced on Sunday that they have suspended their operations on mainland China after the country escalated its crackdown on bitcoin mining and trading activities, contributing to a slump in the cryptocurrency markets.

Digital Currency Research Institute of PBC and Ant Group Cooperate to Build Digital RMB Platform

Ant Group and the Digital Currency Research Institute at the People's Bank of China (PBC) signed a strategic cooperation agreement last year to jointly promote the construction of a digital RMB technology platform.

Chinese Central Bank Official Calls for Greater International Oversight of Digital Currencies

An official at the People’s Bank of China (PBOC), China’s top monetary authority, has called for more robust international management of state-backed digital currencies.

Shenzhen Launches Third Round of Digital Currency Pilot Testing, Issuing 20M E-Yuan

On Jan. 20, the third round of digital currency pilot testing, part of larger scheme to introduce the E-Yuan in mainland China, was launched in Shenzhen.

Shenzhen Futian Distributes 20 Million Digital Yuan in Red Envelopes

Futian District in the city of Shenzhen issued 20 million digital yuan to eligible local citizens in 100,000 red envelopes, each with a value of 200 yuan, marking the second time the city of Shenzhen participated in an official e-yuan pilot in the form of red envelopes.