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Cryptocurrency Exchange Huobi Global to Leave China This Month
8.12.2021
Digital asset exchange Huobi Global has revealed its intention to exit the Chinese Market. The crypto trading platform with Chinese roots said it will stop processing transactions for existing users on the mainland by the end of the year. Huobi Global Halts Services in the People’s Republic...
Bitcoin Hashrate Rises Despite Price Drop, Mystery Hashpower Returns
5.12.2021
Bitcoin’s hashrate has increased a great deal, even after the leading crypto asset’s price slipped below the $50K price zone. Eight days ago the network hashrate was coasting along at 168 exahash per second (EH/s), and this past week it increased 7.73% to today’s 181 EH/s....
China’s Hainan Province Ramps Up Crackdown on Crypto Mining Operations
5.12.2021
The province of Hainan in South China has taken steps aimed at curbing crypto mining activities. Besides blacklisting the industry, local authorities are also introducing higher electricity rates for the mining enterprises that continue to operate in the region. Hainan to Ensure Crypto Miners...
Chinese Crypto Mining Crackdown Turns Focus to PC Rooms and ‘Home Miners’
4.12.2021
Having effectively eliminated its industrial crypto mining sector, China is now going after the small fry: internet café and PC gaming room operators – and even those mining on rigs and cards at home – as Beijing moves to squash the mining industry once and for all....
Read More: Chinese Crypto...
Shanghai Man: CZ is wealthiest Chinese person with $90B, NFT yachts, and MonoX hacked
3.12.2021
Chinese crypto ban poses no threat to local industry media, sources say
2.12.2021
Chinese crypto media are reportedly keeping a low profile on their websites and are focusing on growing communities on Twitter and Telegram
Binance Boss CZ Is Richest Ethnic Chinese Person Alive, Report Claims
1.12.2021
The Binance Founder and CEO Changpeng “CZ” Zhao is the richest ethnic Chinese person alive, a new article has claimed – although mainstream Chinese media outlets appear reluctant to report on the news.
The claim was made by the outspoken media outlet Caijing on Weibo and reported on in detail...
Chinese Central Bank: NFT, Metaverse ‘Could Become Money-Laundering Tools’
29.11.2021
The Chinese central bank’s anti-money laundering chief has spoken out about non-fungible tokens (NFTs) and metaverse projects – suggesting that there may be a need to regulate these sectors in the same manner as it polices cryptoassets.
In two crackdowns (one in September 2017 and the second...
Bitcoin’s Hashrate Dips, Mining Difficulty Expected to Decrease for First Time Since July
27.11.2021
Bitcoin’s hashrate has been volatile in recent times following the same patterns as the crypto asset’s price. Three days ago, Bitcoin’s hashrate neared the 180 exahash (EH/s) zone only to plummet to 128 EH/s two days later. The recent shifts have taken place before the upcoming...
Chinese Central Gov’t Wants to Create ‘Digital Asset Exchanges’ as CBDC Nears
26.11.2021
China’s policy-forming State Council has announced that it wants the nation to launch Beijing-based digital asset exchanges to power the adoption of its forthcoming central bank digital currency (CBDC) project, the digital yuan.
The council called upon financial bodies to speed up the pilots...
Russia Gets Bulk of Chinese Mining Machines Amid Miners’ Exodus, Report Reveals
25.11.2021
China’s crackdown on its crypto mining sector, launched earlier this year, caused a massive migration of mining enterprises to friendlier jurisdictions. Miners have been moving enormous amount of coin minting hardware to new bases around the world, with Russia reportedly taking the largest...
7.6 Tons Of Fake Pokémon Cards Seized By Chinese Authorities
25.11.2021
Customs officials at Shanghai’s Pudong Airport have seized 7.6 tons of fake Pokémon cards. The cards were shipped from a company in China’s Qingdao province and headed for the Netherlands. Read more
China Targets Crypto Mining at State-Owned Enterprises, Threatens Punitive Measures
17.11.2021
Authorities in China are continuing to crack down on activities linked to cryptocurrencies which they consider illegal. The country’s top economic planning body has clearly indicated it intends to go after large-scale cryptocurrency mining taking place at government-operated industrial...
Japanese Convenience Stores Are Facing A Fried Chicken Shortage
16.11.2021
Companies around the world are worried about chip shortages. But in Japan, if you like convenience store fried chicken, add another worry to your list. Family Mart is running low on its delicious Famichiki. Read more
Top Chinese Official Booted out For ‘Supporting Crypto Mining Activities’
15.11.2021
A top Chinese regional official has been expelled from the Chinese Communist Party – and may face heavy punishment for allegedly “supporting” crypto mining in exchange for bribes and sex.
Per NBD and the China Daily, charges against the official, Xiao Yi, were leveled by the supervisory committee...
Chinese provincial official expelled for violating crypto mining ban
13.11.2021
A former CCP official from Jiangxi province allegedly abused his administrative powers to undermine the political principle of “two maintenance,” which relates to the notion of firmly maintaining the authority of the party
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...