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Mi Store Portugal Reveals Crypto Acceptance, Xiaomi Says ‘Decision Was Made Without Knowledge or Approval’
15.8.2021
On August 5, the Mi Store in Portugal announced that it was accepting cryptocurrencies including bitcoin, ethereum, tether, and dash. At the time, the Mi Store Portugal said it was working with the blockchain payments company Utrust in order to be more “inclusive.” However, the Mi Store...
Bitcoin mining difficulty jumps second time as miners settle offshore
13.8.2021
Bitcoin mining difficulty took a second jump following the dip in mid-July as the mining ecosystem continues to turn back online
Singapore to License Digital Payment Providers, Approves Crypto Exchange
8.8.2021
The Monetary Authority of Singapore (MAS) has notified several providers of digital payment services that they will be licensed to operate in the city-state. The move, which comes after the approval of a crypto exchange for a license, secures Singapore’s status as Asia’s crypto...
Binance to restrict derivatives trading for Hong Kong users
6.8.2021
Binance is yet to announce an official date for imposing restrictions on derivatives products for Hong Kong users
Bitcoin mining ban in China a 'game changer' for electric vehicle adoption
6.8.2021
Guizhou province is the first in China to announce an ambitious electric vehicle campaign, taking advantage of the power capacity freed up by Beijing’s Bitcoin mining ban
Xiaomi retailer in Portugal now accepts Bitcoin payments
6.8.2021
The official Portuguese shop of Chinese electronics giant Xiaomi has partnered with Utrust to unlock payments in five cryptocurrencies
Crypto Crime Falls in China, Surges in Hong Kong, Reports Reveal
5.8.2021
China’s cryptocurrency transactions related to criminal activities have decreased significantly over the past couple of years, a new report suggests. At the same time, its special administrative region of Hong Kong is seeing a spike in crypto-related crime this year, with authorities...
Millions of Latest Antminers S19i Are Ready – BitFuFu Cloud Hashrate Platform Restarts Running Plan
4.8.2021
PRESS RELEASE. Since May 30, the BTC mining difficulty has lowered for 4 times in a row. The mining rig migration is continuing, leading to a surge of incomes in mining farms outside China. With early layout of mining farms outside China, BitFuFu takes the lead to restart running plan and restock...
China crypto crime: Still ‘top ranked’ for illicit activity but crime is falling
4.8.2021
Chinese wallets both sent and received more than $2 billion worth of crypto associated with illicit activities between April 2019 and June 2021
Video Games Are "Spiritual Opium," Says Chinese Government-Owned Media
3.8.2021
Tencent stock fell as much as 11 percent today after a Chinese economic paper blasted gaming, referring to it as “spiritual opium” and “electronic drugs.”Read more
China's attempt to kill Bitcoin failed — Here are 3 reasons why
2.8.2021
Bitcoin’s hashrate recovery, steady peer-to-peer markets and the steady volume exhibited by Asia-based exchanges suggest that China’s attempt to ban BTC was ineffective
While Chinese Bitcoin Miners Escaped Crackdowns, Sichuan’s Hydropower Plants Were Not So Lucky
2.8.2021
Regional reports from China indicate that government officials have been reviewing over 5,100 small-sized hydropower plants in order to get them to adapt to China’s cleanup and rectification process concerning future energy sources. China has pledged to be carbon neutral and ultimately have...
Governments Need to Stop Dismissing Crypto as Illicit Payments and Reckless Speculation, Says El-Erian
2.8.2021
Mohamed El-Erian, an adviser to Allianz and Gramercy Funds Management, says that “The time has come for more western governments to stop dismissing the crypto revolution as some mix of illicit payments schemes and reckless financial speculation.” Western Governments Urged to Stop...
Fed Governor Lael Brainard Can’t Imagine Future Without Digital Dollar
31.7.2021
Pointing to a number of reasons why a digital version of the U.S. dollar should be created, Federal Reserve Governor Lael Brainard insisted that not having one wouldn’t lead to a sustainable future. The central bank official believes a digital dollar will have both international and domestic...
A trade war misstep? China is vacating crypto battlefield to US banks
30.7.2021
Why is China forsaking cryptocurrencies at the same time that legacy U.S. banks, long wary of crypto, appear to be discovering its virtues?
Digital Yuan to Promote International Use of Chinese Currency, Experts Say
30.7.2021
The new digital yuan, currently undergoing trials, can help to increase the international usage of China’s national fiat, experts have stated. As the renminbi (RMB, CNY) is becoming one of the world’s most important currencies, the People’s Bank of China is planning to conduct...
Shanghai Man: Crypto recovers, disasters strike, and China’s crackdown moves to other sectors
30.7.2021
Ex-Bank of China Chief Issues DeFi Warning
29.7.2021
The former head of the commercial banking giant the state-owned Bank of China has sent out a warning about decentralized finance (DeFi) and cryptocurencies.
Per the 21st Century Business Herald, via East Money, Li Lihui, who was appointed President of the Bank of China in 2004, stated that...
Western nations need better public-private cooperation on crypto, says Mohamed El-Erian
29.7.2021
The famous economist has warned that western nations risk losing out to China in the emerging digital economy if they continue to be dismissive of crypto
Bit Mining to Deploy Another 2,500 Bitcoin Miners in Kazakhstan
29.7.2021
Bit Mining is going to expand its operations in Central Asia with the purchase of 2,500 crypto mining machines slated for deployment in Kazakhstan. The new devices are expected to increase the Chinese company’s total hashrate capacity by an estimated 165 petahashes per second. Bit Mining Buys...