China

Bitcoin Faces Bear Move as Price Drops Toward $15K
Bitcoin is looking weak today after prices failed to hold above $17,000 levels at the weekend.

Most Influential in Blockchain 2017 #6: Yao Qian
Call it the biggest short in history. China took plenty of actions against cryptocurrencies in 2017, banning ICOs, shutting down domestic exchanges and all but taking a match to what was once one of the industry's largest and most thriving ecosystems. But if China is setting a course apart from the world, Yao Qian may be its biggest asset. The man in charge of rethinking bitcoin on behalf of the world's largest state isn't just empowered, he seems to know crypto inside and out.

China on a Blockchain? Maybe in 2018
China may have moved to ban crypto activities in 2017, but that doesn't mean the country won't be a major player in the year ahead.

Walmart, JD.com Back Blockchain Food Tracking Effort in China
Retail giants Walmart and JD.com are among several companies backing a new blockchain effort in China focused on food safety and traceability.

Closing China's Bitcoin Exchanges Was the Right Move, Says PBoC Official
The vice governor of the People's Bank of China has said that regulators took the right decision in banning ICOs and closing cryptocurrency exchanges.

China State TV: OTC Bitcoin Platforms May Violate Law
Commentary on China's state television suggests a ban on cryptocurrency trading platforms may extend further than startups originally thought.

Chinese Power Provider Denies Bitcoin Mining Ban
A state-owned electric utility in China is rebuffing rumors that bitcoin mining has been deemed illegal by the government.

China's Bitcoin Exchanges Are Shifting Business Models
Following China's crackdown on trading against the yuan, some of the country's major bitcoin exchanges are now shifting to the OTC market.

Hong Kong, Singapore to Collaborate on DLT Trade Finance Platform
Hong Kong's banking authority has announced a new collaboration with Singapore aimed to digitize trade finance with distributed ledger technology.

PBoC Digital Currency Director Calls for Centralized State Cryptocurrency
Head of cryptocurrency research at the People's Bank of China offered new critiques of bitcoin today, arguing it will never pass muster as a currency.

