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Bitcoin mining ban an easy decision for China, says Bitmain EMEA partner
14.7.2021
Half of what was lost due to China’s crackdown on Bitcoin mining will not ever go back online, Phoenix Store's CEO says
Cryptocurrency Trading Volumes Decreased 40% in June
14.7.2021
Cryptocurrency trading volumes decreased significantly in June according to data from Cryptocompare, a price and volume tracking organization. Volumes traded diminished by at least 40% month-on-month, with spot and derivatives trading both suffering due to the mining and trading crackdown in China...
China shuts down crypto mining in Anhui province
14.7.2021
The Anhui government is addressing growing electricity demand by shutting down local crypto mining operations
Smuggler Arrested With CPUs Strapped To His Body
14.7.2021
Last week customs officials working at the Hong Kong–Zhuhai–Macau Bridge stopped a truck driver who they thought was looking “nervous”. With good reason; after searching him they found the dude was literally strapped with concealed...CPUs.Read more
Bit Mining raises $50M to take operations out of China
14.7.2021
Bit Mining is looking to exit China’s market in response to the recent government crackdown on mining
The9 signs green Bitcoin mining deal with Russian firm BitRiver
13.7.2021
BitRiver utilizes only surplus hydroelectric power to operate its data centers in Russia and CIS countries
OK Group to help China combat money laundering with blockchain
13.7.2021
OK Group will start working with Chinese authorities to combat money laundering using distributed ledger technology
China Has Dispersed Over $40 Million of Digital Yuan in Red Envelopes, Report Reveals
11.7.2021
China, which has arguably the most advanced digital currency project among leading nations, has so far handed out more than $40 million in red envelopes with digital yuan. The promotional campaign for the CBDC is currently focused on five major cities, taking into account their regional development...
Riot Blockchain Bitcoin Production Jumps More Than 400% Year-on-Year Amidst Mining Exodus
10.7.2021
Riot Blockchain, a Nasdaq-listed mining company, reported Thursday on its Bitcoin production last month. The company’s numbers jumped a little more than 400% year-on-year, as a result of the increase in mining power. The recent mining crackdown in China is also helping companies like Riot...
China Opens Digital Yuan Whitelist for Ten Million Citizens
10.7.2021
The Chinese government is taking its digital yuan test one step further. Now, 10 million users will be able to test and use the currency after applying to join a whitelist in selected state banks. This new phase of the test aims to detect possible problems in a more broad testing environment. China...
US crypto community overtaking Asia, says Mike Novogratz
9.7.2021
“China has declared war on crypto as part of this broader cold war that we’re getting into,” Mike Novogratz stated
Bitcoin price is 3-4 weeks away from new $24K-$29K range, market analyst warns
9.7.2021
The bearish outlook surfaces as Bitcoin prices form a classic cup and handle pattern, now in the last stage of its maturity
Shanghai Man: Central bank speaks out, BTC searches down and HK fund backs Animoca
9.7.2021
PBoC says no to virtual currencies, Jack Ma's fund invests $50m into NFT game maker, searches for BTC in China at 90 day low
Market Wrap: Bitcoin Sells Off as Regulatory Concerns Resurface
8.7.2021
“We expect volatility to remain under pressure until mid [to] late August,” said one trading firm
Bitcoin electricity consumption falls to November 2020 levels: Data
8.7.2021
Bitcoin’s total annual electricity consumption has fallen almost 60% since its all-time peak recorded in mid-May, according to industry data
China’s digital yuan deploys at speed, leaving dust in its path
8.7.2021
From being labeled impractical to nearing mainstream deployment, the digital yuan can transform the global economic landscape
China's central bank worried about stablecoins' risk to financial systems
8.7.2021
While Visa and other major private payments networks see the potential of stablecoins, China's central bank believes they pose serious risks to global financial systems
Chinese Bank Employees Told to Entice 300 Customers to Use the Digital Yuan
7.7.2021
In mid-May, a report stemming from residents in Shenzhen, China explained that the digital yuan wasn’t seeing widespread participation, which the Chinese government has alluded to in many press releases. Now a handful of China’s state-owned banks have asked staff to recruit 200 to...
China Shuts Down Software Maker Over Suspected Crypto-Related Activity, Issues Industry-Wide Warning
7.7.2021
The People’s Bank of China (PBOC), the country’s central bank, has shut down a software firm over suspected involvement in cryptocurrency transactions. The central bank also warned organizations not to “provide premises, commercial display, advertising … and other services...
Chinese banks tell staff to recruit up to 300 new digital yuan users each
7.7.2021
Six of China’s top banks have tasked their employees with promoting digital yuan wallets to between 200 to 300 people a year