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New Chinese Blockchain Pivot as Beijing Vows to Train 500,000 ‘Experts’


China is gearing up for another blockchain technology push after promising to train half a million new “experts” to work in the sector. Blockchain was earmarked as a growth sector by Chinese President Xi Jinping in 2018. In the years that followed, blockchain salaries ballooned in the nation....

Bitcoin Network Starts to Clear Congestion, Onchain Fees Drop by 90%


On May 7, 2023, the Bitcoin network was plagued with an overwhelming 500,000 unconfirmed transactions, causing a major bottleneck in the system. However, the good news is that the congestion has been clearing, resulting in a significant reduction in onchain fees, which have now dropped below $5....

Bitcoin Network Hits 75% Progress Towards Next Reward Halving


At 11:06 a.m. Eastern Time (ET) on April 29, 2023, at block height 787,500, the number of blocks left to discover until the next Bitcoin blockchain halving is now fewer than 52,500 blocks. This means the network has progressed 75% through the 210,000-block halving cycle, which will ultimately...

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