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Power Deficit Forces Crypto Miners to Leave Kazakhstan


Electricity shortages have been dogging Kazakhstan’s booming crypto mining industry this year. A media report reveals that some miners, including some of those that moved in amid China’s crackdown on the sector, are now looking to relocate to destinations with a more stable energy...

Chinese Crypto Users Still Find Ways to Circumvent Ban


  Crypto users in Mainland China are still finding ways to trade while major exchanges are preparing to disable service for Chinese users by the end of the year.... Read More: Chinese Crypto Users Still Find Ways to Circumvent Ban

China’s Xinhua News Agency to Issue NFTs Despite Crackdown on Crypto


Xinhua, the official news agency of China, is going to issue an NFT collection with photographs depicting historic moments of the passing year. The initiative, which comes amid an ongoing crypto crackdown, is seen as a boost for blockchain, the technology that also underpins cryptocurrencies....

Chinese Communist Party's Mouthpiece Endorses NFTs in a Surprise Move


  Xinhua, the news agency of the Chinese Communist Party (CCP), has announced that it will release a set of non-fungible tokens (NFT) later this week as part of a “metaverse” move. While media outlets releasing NFTs does not really class as news nowadays, this is not true in the case of a...

Chinese Tech Giants Ready Metaverse, NFT Moves Despite Regulatory Scrutiny


  China’s tech giants are hopeful of launching metaverse and non-fungible token (NFT) businesses despite suffering a torrid year at the hands of the country’s vehemently anti-crypto government. Heavy-hitters including JD.com and Alibaba have laid out plans that involve metaverse and NFTs, although...

20% of Bitcoin Hashrate Is ‘Still in Mainland China,’ Report Claims


  As much as 20% of the world’s total bitcoin (BTC) mining hashrate may still be based in Mainland China despite September’s crackdown, a new report has indicated. Although Beijing has been seeking to make an example of miners who continue to defy its blanket ban on mining, authorities in...

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