It has been a relatively quiet week in the blockchain space in China, as events have overshadowed the sudden rise in the BTC price and the listing of active Coinbase in the US, and many locals have reacted unexpectedly to the news, showing that cryptocurrency exposure remains relatively isolated in world. … The most populous country.
Some Internet users were skeptical of the Coinbase story, describing the Jiemian news aggregator’s Weibo Bitcoin account as a scam, highlighting its terrorist connections and urging investors to stick to China’s first-class stocks. (For a quick comparison, the Shanghai Composite Index is down 2.13% this year, while Bitcoin’s revenue so far is over 116%.) Jiemian has over 10 million subscribers to Weibo, but caters to a more traditional audience. The point is that despite China’s active adoption of DCEP (digital currency electronic payments, also known as digital yuan), other digital payments and Internet technologies, cryptocurrency adoption remains relatively isolated.
Several blockchain experts in China spoke to the Cointelegraph about DCEP on April 10 and discussed how the digital yuan has affected space. Bitrise Capital co-founder Kevin Shaw summed up the situation by saying: “In general, the Chinese digital currency continues to fulfill the central bank’s monetary policy and monetary functions.” It is safe to say that DCEP’s rapid progress has little overlap with the country’s active blockchain space and is likely to remain independent for the foreseeable future.
While all this was happening, the volume of cryptocurrency exchanges was increasing worldwide. Huobi, China’s largest liquidity exchange, sees a wave of trading in more established tokens. The seven most traded positions on Thursday are BTC, DOGE, ETH, XRP, FIL, TRX and BCH. All these projects are rooted in the previous upswing, which shows that Chinese investors are not losing their nostalgia.
Graphics card confiscated by Hong Kong customs
Customs in Hong Kong have seized the smuggling of about 300 video cards suspected of Nvidia CMP 30HX models worth about 2 million yuan, or $ 300,000. There were no stickers on the front of the graphics cards, and this model comes without a video output port and is only intended for cryptocurrency mining. According to the source, this is the first time that Hong Kong’s customs are seizing smuggling mining cards.
Blockchain media content status
Finally, on political news, the State Administration for Radio, Film and Television has published standards for blockchain-connected media content. The test aims to promote healthy and sustainable content related to blockchain use in industries such as auditing systems, business processes and food safety and management. The public administration is very proactive by its standards, and describes how technology, trends and other topics are presented in the media.