Asia 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. Full Story Feb 23, 2021, 3:26PM UTC
China 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. Read Full Story Feb 22, 2021, 9:50AM UTC
China 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. Full Story Feb 18, 2021, 4:17PM UTC
Mining 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. Read Full Story Feb 18, 2021, 11:15AM UTC
Mining 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. Full Story Feb 16, 2021, 12:05PM UTC
China 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. Read Full Story Feb 8, 2021, 12:15PM UTC
Asia 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. Read Full Story Feb 5, 2021, 7:28AM UTC