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Another Year, Another Crypto Ban in China - Report
18.5.2021
China has banned financial institutions and payment companies from offering their clients any service involving cryptocurrency, such as registration, trading, clearing, and settlement, Reuters reported, citing a joint statement by three industry bodies.
However, some industry players claim that...
Chinese trade associations sound crypto investment warning
18.5.2021
Three associations outlined four issues related to crypto investment beginning with a call for its members to understand the nature of virtual currencies
Foundry’s Mike Colyer on US-China Mining Rivalry and Why Clean Bitcoin ‘Makes No Sense’
18.5.2021
The New York miner says, "We're seeing a lot of hashrate start to come to the U.S." and many states have friendlier regulations these days
China Building Full-Sized Titanic Replica As Tourist Attraction
17.5.2021
At the end of this year, a theme park in Suining, China is slated to finish a full-sized version of the Titanic.Read more
Chinese Police Return Bitcoin to Victim in 3 Million Yuan Theft Case
15.5.2021
Police in China’s Jiangxi province have reportedly recovered bitcoins stolen from a victim and returned them to the owner. The case involves the theft of 8.236 bitcoins, worth approximately 3 million yuan. Police Return Bitcoin to Theft Victim Police in China’s Jiangxi province have...
Shanghai Man: Aping out of gorilla token, digital dollar Biden its time... and more
14.5.2021
An up and down week filled with high volumes for animal tokens and a flurry of digital yuan news, capped by a large fundraising round for Babel Finance
Hong Kong to expand pilots for cross-border use of digital yuan
13.5.2021
The first phase of tests for use of the digital yuan across borders has been successful, the Hong Kong Monetary Authority has said
China’s Blockchain Investment Growth Is Slowing Down
13.5.2021
Beijing. The growth of China’s blockchain business expansion appears to be slowing, per a new report – a sign that the blockchain explosion of the past two years appears to be quelling.
In October 2019, Chinese President Xi Jinping gave a speech where he called blockchain technology “an important...
Urban Tea Now Accepts Cryptocurrencies Including Dogecoin
12.5.2021
A specialty tea products retailer based in China’s Hunan province, Urban Tea, has introduced crypto payments in its stores and restaurants on two continents. Starting from this week, customers will be able to buy its beverages and meals using various cryptocurrencies. Chinese Tea Stores...
The challenges with designing a CBDC, explained
12.5.2021
Central bank digital currencies face a tricky trilemma when it comes to ensuring they are well designed. What’s the answer?
Digital Yuan Trial Hotspot Not Seeing Wide Acceptance, Claims Report
11.5.2021
With digital yuan pilots underway in China, it seems the currency is not meeting government expectations. A recent report highlighted a series of interviews from people in the hotspot, reflecting a lackluster reception among the participants. Privacy Concerns Reported According to Bloomberg...
Palantir to Accept Bitcoin for Services, Considers Keeping BTC on Its Balance Sheet
11.5.2021
Palantir Technologies, the Peter Thiel-backed, American software company specializing in big data analytics, announced Tuesday that company plans to accept bitcoin for services. Further, like a variety of corporate entities that are accepting and holding bitcoin, Palantir is considering keeping...
Chia network not so green? CPU mining reportedly destroys SSD in weeks
11.5.2021
If you want to save the world, it's going to take a lot of hard drives
Report: China’s Bitcoin Hashrate Dominance Dives, ‘North America Could Steal the Lead’
10.5.2021
A newly published regional report shows that China’s hashrate has likely dropped to 55% while the U.S. has climbed to 11%. Another study predicts that it’s possible North America could overtake China in terms of hashrate by the end of 2021. Bitcoin Mining Farm Operator Says Mining...
Alipay set to allow users test China's digital yuan
10.5.2021
China’s e-payment giant will allow some users to link their accounts to the country’s digital yuan app
China’s Digital Yuan Smart Card to Feature Biometrics and Fingerprint Scanning
9.5.2021
The People’s Bank of China’s upcoming digital yuan card will feature IDEX Biometrics and fingerprint scanning, according to regional reports. China’s “Digital Currency Electronic Payment” or DCEP is getting closer toward launch by the day. Last week, smart card...
Signs the Bitcoin hashrate is starting to move away from China
6.5.2021
The U.S. is slowly increasing its share of the Bitcoin hashrate
Is China softening on Bitcoin? A turn of phrase stirs the crypto world
5.5.2021
Digital Yuan Launch Draws Near: JD.com Employees Paid in e-CNY, Tencent, Ant, Mastercard Engage With PBoC
4.5.2021
China, the world’s most populous country, has jumped leaps and bounds in comparison to a great number of other countries when it comes to the creation of a central bank digital currency. As each day passes, China’s digital yuan is seemingly getting closer to large-scale adoption,...
2021’s Largest Epoch Drop: Bitcoin Network’s Mining Difficulty Dips Over 12%, Hashrate Nears 200 Exahash
2.5.2021
Bitcoin’s mining difficulty has seen a massive drop this week, as the metric slid 12.6% and was the largest difficulty drop in 2021. The mining difficulty decline follows the recent electrical outages in China which had affected the network’s hashrate to some degree. Following...