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USDT flipped to a 2% premium against RMB amid bitcoin's price drop

After staying at a discount for months, the rate of USDT to RMB has flipped to a premium compared to the foreign exchange rate.
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Feb 23, 2021, 3:26PM UTC

Tencent and Ant-backed banks are said to pilot China's digital yuan

Two more commercial banks, this time backed by fintech giants Tencent and Ant Group, are said to trial China's digital yuan.
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Feb 22, 2021, 9:50AM UTC

Beijing's new digital yuan test features ATMs that convert digital currency to cash

The feature comes as one integral part of the digital yuan ecosystem that China is building ahead of the formal launch of its DC/EP system.
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Feb 18, 2021, 4:17PM UTC

Bitcoin miner manufacturer Ebang raises $70 million in follow-on public offering

Chinese bitcoin miner manufacturer Ebang has raised $70 million in a follow-on public offering (FPO) that closed on Wednesday.
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Feb 18, 2021, 11:15AM UTC

Bitcoin mining pool BTC.com is getting acquired by Chinese sports-lottery company 500.com

Bitcoin mining pool BTC.com, operated by Jihan Wu's BitDeer Technologies, is getting acquired by Chinese sports-lottery company 500.com.
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Feb 16, 2021, 12:05PM UTC

With Beijing onboard, China has so far issued $17 million in digital yuan tests

With Beijing being the latest city to join the test, China has now issued 110 million digital yuan, worth $17 million.
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Feb 8, 2021, 12:15PM UTC

EY to extend enterprise blockchain to China on ‘localized’ Ethereum via BSN

Global consulting giant EY is partnering with the Blockchain Service Network to expand its Ethereum-based OpsChain to China.
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Feb 5, 2021, 7:28AM UTC

Chinese city Suzhou