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Chinese Crypto News Site ChainNews Shuts Down

Chinese Crypto News Site ChainNews Shuts Down

Chinese Crypto News Site ChainNews Shuts Down

The space for crypto media in China is shrinking.

The space for crypto media in China is shrinking.

The space for crypto media in China is shrinking.

By Eliza Gkritsi
AccessTimeIconNov 26, 2021, 9:52 AM
Updated May 11, 2023, 7:08 PM
Beijing (Zhang Kayiv/Unsplash)
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ChainNews, one of China’s top crypto news sites, shuttered its operations today, co-founder Feng Liu told CoinDesk in a Twitter message.

  • Earlier Friday the co-founder announced the closure in his personal WeChat moments, according to a screenshot obtained by CoinDesk.
  • On Nov. 15, ChainNews said its website would be down for maintenance for a few hours, but that the team would continue posting news on its Telegram channel and Twitter account. The news site has gone silent in both platforms since Nov. 25.
  • The closure follows China’s Sept. 24 statement that it would step up censorship of crypto news sites along with its escalated crackdown on trading and mining.
  • Liu refused to comment further on the closure.

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CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Eliza Gkritsi

Eliza Gkritsi is a CoinDesk contributor focused on the intersection of crypto and AI.

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