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Rolling up the sleeves: China’s tech giants drive digital yuan adoption
1.5.2021
CBDC tests are proceeding toward deployment, as Chinese internet, fintech and e-commerce giants are leading the digital yuan vanguard
Beijing Is Collecting Data From Local Datacenters Involved in Cryptocurrency Mining Activities
1.5.2021
Authorities in Beijing have been conducting checks on cryptocurrency mining datacenters to assess and understand its energy consumption and thus the impact on the electric infrastructure. Although it was reported as a rumor by international media outlets, Chinese state media confirmed...
Fed Chair Jerome Powell Says Dogecoin and Gamestop Hype Highlights ‘Froth in Equity Markets’
30.4.2021
Federal Reserve Chair, Jerome Powell, discussed a number of topics this week such as inflation and central bank digital currencies (CBDCs) following the multi-day Federal Open Market Committee (FOMC) meetings. The central bank’s lead executive was asked about feverish stocks like Gamestop...
Giant Gundam Statue Finished In China
30.4.2021
A life-sized, one-to-one scale Freedom Gundam statue has been completed in Shanghai.Read more
Bitcoin mining in China set for 'stricter supervision' due to carbon concerns
30.4.2021
China is reportedly paying more attention to the crypto mining sector, amid concerns of its growing carbon footprint
Our Man in Shanghai: Huobi looks to become Grayscale of Asia, Yao Ming’s NFT wine, and Chinese crypto investors go to the dogs
30.4.2021
Huobi tackles the institutional market, you can now own an NFT of basketball star Yao Ming drinking red wine, and China’s digital yuan starts to target the private sector
Beijing investigates crypto mining farms to improve energy efficiency
29.4.2021
Bitcoin's electricity bill has been attracting the attention of regulators worldwide
Ant Group highlights private sector's role in developing digital yuan
26.4.2021
Major tech and commerce firms have been instrumental in helping China's central bank develop the digital yuan
Chinese online retail giant JD.com adopts digital yuan for salary payments
26.4.2021
Chinese e-commerce company JD.com has upped its support for the country’s central bank digital currency
Top Chinese banks promote CBDC over local payment firms for shopping festival
26.4.2021
Leading Chinese banks are promoting the digital yuan over Alipay and WeChat Pay for an upcoming shopping festival in China
China’s Carbon Neutral Stance Puts Pressure on BTC Miners, Sichuan Electricity to Increase 150%
24.4.2021
Bitcoin’s global hashrate dropped ten days ago following a coal mine accident that caused significant grid blackouts in Xinjiang, China. While initial estimates had shown more than 40% of the hashrate dropped, statistics from a five-day average show the hashpower only lost around 25%....
Asia-Pacific’s solarized digitalization agenda in pandemic times
24.4.2021
Amid the COVID-19 pandemic, the role of digitalization has become central to achieving sustainability and lessening climate change
Our Man in Shanghai: DogeMania, ‘Dog-Coin’ trademark dogfight, hashrate outage, government warms up to crypto
23.4.2021
Global BTC hashrates still down over 15% following accident, Dogecoin the subject of trademark applications, and government official mentions BTC as an investment alternative
Canaan to Ship 11,760 Next-Generation Bitcoin Miners to a US-Listed Firm, CAN Shares Jump 11%
22.4.2021
On April 21, the bitcoin mining rig manufacturer Canaan announced the firm will be supplying 11,760 next-generation A1246 ASIC Avalonminers to a company called Mawson Infrastructure Group. The announcement notes that the mining units will be dispersed among Mawson’s bitcoin mining operations...
China's digital yuan could be a fatal blow for Macau casino junkets
22.4.2021
Macau's casino junket operators have already been on the rocks during the coronavirus pandemic, and some fear that they could be “faded out” following the introduction of a fully traceable digital yuan
Binance has appointed new head of ‘Greater China’
21.4.2021
It’s not entirely clear when Terence Zeng assumed his leadership role, though the appointment appears to have been recent
Governments can stop Bitcoin by shutting down mining, says Electric Capital exec
20.4.2021
"If the U.S. stopped all the U.S. miners, Kazakstan stopped all the miners there — that kind of shuts down 80-90% of the hashrate pretty quickly," said Curtis Spencer
Bitcoin Fees Hit ATH, Transactions Slow Down after China Explosion
20.4.2021
Bitcoin (BTC) transaction fees have hit an all-time high after an explosion in Xinjiang, China, drove miners offline last week.
According to data from BitInfoCharts, the average (mean) fee is now USD 58.42, eclipsing the former record of USD 55.16 set in December 2017.
The drop in hashrate, which...
Federal Reserve Bank President Says Bitcoin Is Clearly a Store of Value
20.4.2021
The Federal Reserve Bank of Dallas president says bitcoin is clearly “a store of value.” Emphasizing the differences between cryptocurrencies, like bitcoin, and central bank digital currencies, he said the latter “won’t necessarily be a store of value.” Fed Bank Chief...
China Calls Bitcoin and Stablecoins ‘Investment Alternatives’ for the First Time Since Crypto Crackdown
20.4.2021
After the well-known crypto crackdown launched by the Chinese government four years ago, it seems there is now a change in the tone from the country’s central bank. At least that’s what has been suggested recently by the deputy governor of the People’s Bank of China (PBoC)....