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First Mover Asia: China to Widen Test of Digital Yuan as Russia Invasion Spotlights Crypto’s Potential Role; Cryptos Decline
4.3.2022
The country is close to approving trials of the central bank digital currency in a number of cities and regions; bitcoin and ether drop as risk-on appetite fades
IRS Comes for Crypto John Does, Bitcoin Mining Difficulty Drops, Complex Apps on Algorand + More News
3.3.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: IRS Comes for Crypto John Does, Bitcoin Mining Difficulty Drops, Complex Apps on Algorand + More News
China's share in Bitcoin transactions declined 80% post crackdown: PBoC
3.3.2022
China has carried out multiple crypto crackdowns and enforced numerous bans on crypto markets since 2013, however, Chinese traders have always found a way to bypass these bans
Tencent files for patent related to virtual concerts in Metaverse
3.3.2022
Chinese tech colossus Tencent has continued its foray into the metaverse after filing a patent for virtual concerts, flying in the face of warnings from Chinese banks and regulators
China’s Digital Yuan Set for Local Adoption, Airport, Banking Drives
3.3.2022
China’s digital yuan is edging ever closer to a nationwide rollout, with banks, airports, and provinces looking to boost their adoption efforts following last month’s Winter Olympics and ahead of the Paralympic Winter Olympics....
Read More: China’s Digital Yuan Set for Local Adoption, Airport...
First Mover Asia: China’s Potential SWIFT Competitor CIPS Lacks Reach; Bitcoin, Ether Rise Again
2.3.2022
The Cross-Border Interbank Payment System has just 75 members and processes only a fraction of the transactions that SWIFT handles; most major cryptos jump even as the Russian invasion intensifies
Neo users explain why they've held on to the project despite China's heavy crypto crackdown
28.2.2022
"I didn't worry too much. I knew the developer team, the community supporting Neo wasn't going to quit," said Neo investor Lucas
Bitcoin network's carbon emission jumped 17% after China ban: Report
28.2.2022
The research report blamed the increase of Bitcoin's carbon footprint on the China mining ban and claimed Chinese miners were more renewable energy focused
US Senator Says He’s Bullish on Bitcoin Because It’s Decentralized, Uncontrollable
27.2.2022
U.S. Senator Ted Cruz says one of the reasons he is so bullish on bitcoin is because it is decentralized and not controllable. He added that “China recently banned bitcoin because they can’t control it, which is the exact same reason Elizabeth Warren hates bitcoin.” US Senator...
China Mining Ban Worsened Bitcoin’s Carbon Footprint, Study Claims
26.2.2022
Contrary to some expectations, Beijing’s crackdown on the crypto mining industry has increased Bitcoin’s carbon emissions, researchers have alleged. Leaving China, miners also left behind its eco-friendly hydropower and are increasingly relying on energy generated by fossil fuels...
Bitcoin traders say $34K was the bottom, but data says it’s too early to tell
25.2.2022
Bitcoin traders say the bottom is in, but it’s important to also consider BTC’s correlation to equities markets
Chinese Provinces Tighten Crypto Crackdown – Despite Setting New Electricity Rates for Miners
25.2.2022
A number of Chinese provinces have increased the rate at which crypto miners must pay for electricity – despite the fact that mining has been outlawed in the nation....
Read More: Chinese Provinces Tighten Crypto Crackdown – Despite Setting New Electricity Rates for Miners
Sotheby's Cancels CryptoPunks Auction, Canada Ends Use of Emergencies Act + More News
24.2.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
__________...
Read More: Sotheby's Cancels CryptoPunks Auction, Canada Ends Use of Emergencies Act + More News
China's Supreme Court Rules Crypto Transactions Constitute 'Illegal Fundraising'
24.2.2022
The ruling paves the way for violators to be criminally prosecuted with a punishment of up to ten years in prison and fines of up to $79,000
China's Supreme Court adds digital currency to list of illegal fundraising methods
24.2.2022
The new policy change aims to mitigate risks arising from digital currency fundraising and the absorption of funds from the public
First Mover Asia: China CBDC Is No Government Version of Bitcoin; Terra's Luna, Other Altcoins Jump
24.2.2022
China's Zhejiang Province Implements Punitive Electricity Prices for Crypto Mining
23.2.2022
Authorities are still working to eliminate the industry, months after it was banned
Report: Chinese Customs Authority Confiscates 49 Old ASIC Antminers
22.2.2022
Chinese authorities continue to crackdown against bitcoin miners after they seized 49 second-hand Bitmain ASIC Antminers from unnamed individuals that recently attempted to smuggle in the devices using falsified documents. Devices to Be Disposed of in Accordance With Regulations Huangpu Customs...
BTC price falls below $38K as Tencent leads worst China tech rout since July
21.2.2022
Pressure on Chinese tech stocks adds to a potent cocktail of inflation and geopolitical strife, with Wall Street closed for trading
Chinese banking regulator warns against fraud risks in the metaverse
18.2.2022
Chinese authorities called the metaverse “attractive and deceptive,” where users are prone to lose money if they are unaware of the risks