Jul 14, 2018 at 10:35
Chinese Police Arrested Over 540 Individuals involved in Online Crypto Betting worth $1.5 Billion
The Chinese police in the Guangdong city have confined hundreds of people in online gambling platforms which enabled betting with over $1.5 billion in cryptocurrencies such as bitcoin and ethereum. A law enforcement operation that involved 21 strong public security authorities in the city of Guangdong has battled football gambling during the Russia world cup football competition which resulted in the massive arrest of 540 people that were suspected of managing online gambling rings.
Jun 26, 2018 at 10:56
Crypto Mining: More than 200 Computers Seized by Chinese Police
Chinese police in Anhui Province have captured over 200 computers used to mine Ethereum and Bitcoin cryptocurrencies after a man tried to defraud the electricity company to escape the bills he used to power his operation, the Xinhua news agency reported on June 22.
A Shared Blockchain Will be Used in China to Host Bank’s Credit Blacklist
Government and non-government banking institutions around the world have started to look into blockchain technology. Chinese representatives of the financial market can’t stay aside, with retail giant Suning developing a blockchain-based program for recording clients with bad credit history.
The President of China Has Shown His Support Towards Blockchain Tech
At an annual academic conference held by the Chinese Academy of Sciences on Monday, May 28, China’s President Xi Jinping said in a statement that the blockchain technology behind digital currencies is a major breakthrough in the development of the world’s financial market.