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China’s Digital Yuan Set for Local Adoption, Airport, Banking Drives
3.3.2022
China’s digital yuan is edging ever closer to a nationwide rollout, with banks, airports, and provinces looking to boost their adoption efforts following last month’s Winter Olympics and ahead of the Paralympic Winter Olympics....
Read More: China’s Digital Yuan Set for Local Adoption, Airport...
First Mover Asia: China’s Potential SWIFT Competitor CIPS Lacks Reach; Bitcoin, Ether Rise Again
2.3.2022
The Cross-Border Interbank Payment System has just 75 members and processes only a fraction of the transactions that SWIFT handles; most major cryptos jump even as the Russian invasion intensifies
Neo users explain why they've held on to the project despite China's heavy crypto crackdown
28.2.2022
"I didn't worry too much. I knew the developer team, the community supporting Neo wasn't going to quit," said Neo investor Lucas
Bitcoin network's carbon emission jumped 17% after China ban: Report
28.2.2022
The research report blamed the increase of Bitcoin's carbon footprint on the China mining ban and claimed Chinese miners were more renewable energy focused
US Senator Says He’s Bullish on Bitcoin Because It’s Decentralized, Uncontrollable
27.2.2022
U.S. Senator Ted Cruz says one of the reasons he is so bullish on bitcoin is because it is decentralized and not controllable. He added that “China recently banned bitcoin because they can’t control it, which is the exact same reason Elizabeth Warren hates bitcoin.” US Senator...
China Mining Ban Worsened Bitcoin’s Carbon Footprint, Study Claims
26.2.2022
Contrary to some expectations, Beijing’s crackdown on the crypto mining industry has increased Bitcoin’s carbon emissions, researchers have alleged. Leaving China, miners also left behind its eco-friendly hydropower and are increasingly relying on energy generated by fossil fuels...
Bitcoin traders say $34K was the bottom, but data says it’s too early to tell
25.2.2022
Bitcoin traders say the bottom is in, but it’s important to also consider BTC’s correlation to equities markets
Chinese Provinces Tighten Crypto Crackdown – Despite Setting New Electricity Rates for Miners
25.2.2022
A number of Chinese provinces have increased the rate at which crypto miners must pay for electricity – despite the fact that mining has been outlawed in the nation....
Read More: Chinese Provinces Tighten Crypto Crackdown – Despite Setting New Electricity Rates for Miners
Sotheby's Cancels CryptoPunks Auction, Canada Ends Use of Emergencies Act + More News
24.2.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: Sotheby's Cancels CryptoPunks Auction, Canada Ends Use of Emergencies Act + More News
China's Supreme Court Rules Crypto Transactions Constitute 'Illegal Fundraising'
24.2.2022
The ruling paves the way for violators to be criminally prosecuted with a punishment of up to ten years in prison and fines of up to $79,000
China's Supreme Court adds digital currency to list of illegal fundraising methods
24.2.2022
The new policy change aims to mitigate risks arising from digital currency fundraising and the absorption of funds from the public
First Mover Asia: China CBDC Is No Government Version of Bitcoin; Terra's Luna, Other Altcoins Jump
24.2.2022
China's Zhejiang Province Implements Punitive Electricity Prices for Crypto Mining
23.2.2022
Authorities are still working to eliminate the industry, months after it was banned
Report: Chinese Customs Authority Confiscates 49 Old ASIC Antminers
22.2.2022
Chinese authorities continue to crackdown against bitcoin miners after they seized 49 second-hand Bitmain ASIC Antminers from unnamed individuals that recently attempted to smuggle in the devices using falsified documents. Devices to Be Disposed of in Accordance With Regulations Huangpu Customs...
BTC price falls below $38K as Tencent leads worst China tech rout since July
21.2.2022
Pressure on Chinese tech stocks adds to a potent cocktail of inflation and geopolitical strife, with Wall Street closed for trading
Chinese banking regulator warns against fraud risks in the metaverse
18.2.2022
Chinese authorities called the metaverse “attractive and deceptive,” where users are prone to lose money if they are unaware of the risks
Bitcoin Mining Difficulty Hits Its 3rd All-Time High in a Row
17.2.2022
Bitcoin (BTC) mining difficulty has made another jump, hitting a new all-time high (ATH) – the third one in a row.
Further cutting into the miners' profit margins, the mining difficulty (the measure of how hard it is to compete for mining rewards) just went up 4.78%, reaching almost 27.97...
PBOC Reveals Central Bank Digital Currency Usage at Beijing Winter Olympics — 2 Million Digital Yuan per Day
17.2.2022
The People’s Bank of China (PBOC), the Chinese central bank, has revealed how its central bank digital currency (CBDC) is being used at the Beijing Winter Olympics. A top PBOC official says, “It seems all the foreign users are using hardware wallets.” Digital Yuan’s...
Chinese IT Companies, Banks Expand Range of Offline Digital Yuan Solutions
17.2.2022
Chinese banks and IT firms are continuing to roll out a diverse range of “hard” digital yuan wallets as they lay the ground for the full rollout of the nation’s central bank digital currency (CBDC).
As reported, a large range of “hard” wallets – which require no permanent internet connection...
NEO price climbs after China’s BSN gives the project the green light on NFT marketplaces
16.2.2022
The launch of N3, new NFT marketplaces and integration with China’s blockchain-based Service Network is providing a boost to NEO price