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Bitcoin’s Hashrate Soars 42% Higher Over the Last 3 Months Following Crypto Asset’s 36% Price Increase
13.11.2021
While bitcoin has been hovering above the $60K handle for a great majority of the last 28 days, the network’s hashrate has jumped considerably during that time as well. Since August 13, Bitcoin’s hashrate has climbed 42% from 110 exahash per second (EH/s) to today’s 157 EH/s....
Chinese retail giant JD accepts digital yuan payments for Singles Day
11.11.2021
Some 450,000 JD.com customers have used China’s digital yuan for payments as of June 2021
China’s Digital Currency Used in Transactions Worth $10 Billion, 140 Million People Have Digital Yuan Wallets
7.11.2021
China’s central bank digital currency (CBDC), the digital yuan, has been used in transactions worth nearly $10 billion, according to an official with the Chinese central bank, the People’s Bank of China (PBOC). In addition, the government digital wallet has been downloaded by about...
Some Chinese Crypto Websites ‘Still Operational,’ Says State Media
6.11.2021
Some Chinese sites are “still selling” crypto, raising funds in tokens like bitcoin (BTC) and ethereum (ETH), and circulating crypto-related news stories from within the Mainland, a report has claimed, citing evidence from government-aligned agencies....
Read More: Some Chinese Crypto Websites...
Shanghai Man: $130M hack raises suspicions, Chinese miners head to Laos, Huobi’s moon mission
5.11.2021
And Now Some Ramen Collab Sneakers
2.11.2021
Tenkaippin, or Ten’ichi as fans call it, is a ramen restaurant chain in Japan. Ten’ichi has over 230 locations across the country, as well as one in Hawaii. And now, it also has collab sneakers. Read more
Paraguay Eyed as New Bitcoin Mining Destination
2.11.2021
Paraguay is one of the destinations being considered by various companies for setting up their bitcoin mining operations. Last week, Chinese company Future Fintech announced formal plans to build a bitcoin mining facility in the country, explaining they were determining the best location for...
Chinese Tech Titans’ Digital Collectibles Pledge Involves ‘Fighting Crypto’
1.11.2021
Some of China’s biggest tech firms including the likes of JD, Tencent, and Alibaba’s Ant Group have signed a “self-regulating pact” that involves a commitment to “fighting” or “eliminating” cryptoassets.
Per JRJ and NBD, the agreement was sealed at a meeting led by the National Copyright Exchange...
Huobi closes crypto derivatives as part of wind-down for Chinese traders
29.10.2021
By shutting down derivatives trading on Huobi, the company takes one more step toward closing its operations in China
On The Mic
28.10.2021
Liu Xiao is an artist based in Beijing, China.Read more
Beijing Presses Fast-Food Chain McDonald’s to Support Digital Yuan — China’s CBDC Expected to Launch in February
24.10.2021
According to a recent report, Beijing is pressing the fast-food retail chain McDonald’s to support the digital yuan before the Winter Olympics in China scheduled for February 2022. The report notes that China is also pushing companies like Visa and Nike to join in on the central bank digital...
Chinese Media’s Silence Is Deafening as Bitcoin Soars Toward USD 70,000
21.10.2021
As bitcoin (BTC) continues its meteoric price rise, dragging the rest of the market with it, the news has been making front pages the world over. Everywhere, that is, except China, where the price leap has been met with a wall of stony silence....
Read More: Chinese Media’s Silence Is Deafening...
Chinese e-commerce giant JD.com drops NFT series on its own blockchain
20.10.2021
JD.com implements its own blockchain to issue free NFTs to attendees of its annual JD Discovery conference
Chinese Provinces Still Cracking Down on Bitcoin, Altcoin Miners
18.10.2021
Multiple Chinese provinces are claiming to have stepped up their efforts to crack down on illegal crypto mining operations – an indication that they are either eager to impress the central Beijing government or that some miners in the country are still refusing to shut down....
Read More: Chinese...
Tech Crackdown Hasn’t Halted Chinese Firms’ Blockchain R&D Progress
14.10.2021
Chinese companies are still topping the blockchain patents charts – despite Beijing’s recent crackdown on crypto and some of the nation’s biggest tech firms....
Read More: Tech Crackdown Hasn’t Halted Chinese Firms’ Blockchain R&D Progress
Russia considers new energy tariffs as Chinese crypto miners relocate
14.10.2021
Russia’s Irkutsk region saw its energy consumption rates surge by 160% following China’s crackdown on crypto mining
Geographic Distribution Data Shows US Takes Leading Bitcoin Mining Position After China’s Crackdown
13.10.2021
After China has reigned for a number of consecutive years as the dominant bitcoin mining epicenter of the world, the United States has “taken the leading position in bitcoin mining,” according to new data from Cambridge University. Data Shows US, Kazakhstan, Russian Federation Rule...
New Chinese Action-RPG Is Like The Witcher, But More Focused
13.10.2021
Sometimes, I want the gritty fantasy storytelling of The Witcher 3: Wild Hunt without dealing with hundreds of hours of content or an open world map. Xuan Yuan Sword 7, the latest entry in an action roleplaying series that has been a cornerstone of Chinese gaming for almost 30 years, scratches that...
Binance to suspend Chinese yuan from P2P platform in December
13.10.2021
Binance is taking more measures to comply with China’s cryptocurrency crackdown with new restrictions in the mainland
Nevada-Based Bitcoin Mining Operation Cleanspark Purchases 4,500 Bitcoin Miners From Bitmain
12.10.2021
Cleanspark, a Nevada-based energy technology and clean bitcoin mining firm, has announced the purchase of 4,500 Bitmain-brand Antminer S19 bitcoin mining rigs. The company says the mining devices were purchased by leveraging a portion of the company’s bitcoin holdings. Cleanspark Purchases...