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Chinese Tech Giants Ready Metaverse, NFT Moves Despite Regulatory Scrutiny
21.12.2021
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...
Chinese companies embark on a metaverse trademark race
20.12.2021
Despite the Chinese central bank's proposal to monitor metaverse and NFTs, companies such as Tencent and Huawei are pursuing metaverse-related trademarks
20% of Bitcoin Hashrate Is ‘Still in Mainland China,’ Report Claims
20.12.2021
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...
Asian Sellers Weighing on Bitcoin Price, But Possibly Not for Much Longer
20.12.2021
The bitcoin (BTC) price on average moves markedly lower during Asian business hours than it does during the European and US business hours, indicating that significant selling pressure is coming from Asian investors, new data from on-chain analytics firm Glassnode suggests....
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China Censors Crypto-Themed Short Videos Shared Online
18.12.2021
An industry organization controlled by the Chinese government has updated a list of topics users of video-sharing apps should avoid. Crypto-related content is now among the entries along with traditional taboos in China like mocking its leadership, provoking sectarianism, and showing sex. Clips...
Court Decision Voids Crypto Mining Contracts in China, Shuts Down Bitcoin Farms
16.12.2021
A court in Beijing has ruled that three investment agreements for bitcoin mining operations in Sichuan are “invalid.” A compensation claim has been rejected in the case, viewed as an indication that the Chinese judiciary would not provide protection for crypto-related interests....
Beijing court rejects monetary compensation in Bitcoin mining contract plea
16.12.2021
The plaintiff in the case demanded 217.7 BTC in compensation for his Bitcoin mining infrastructure investment
Chinese Banks ‘Educate’ the Public on the Pitfalls of Crypto
16.12.2021
Provincial branches of China’s biggest commercial banks have begun “educating” the general public on the dangers of crypto and money-laundering – but it appears that the message that crypto and mining is “bad” isn’t getting through to some public officials....
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Bitmex Co-Founder Arthur Hayes Recommends “Wait and See” Approach for Cryptocurrency Investors
15.12.2021
Bitmex co-founder and cryptocurrency investor Arthur Hayes has addressed the current state of the market with the effect the U.S. Federal Reserve’s upcoming tapering process may have. Hayes also links this with the Evergrande situation in China and advises cryptocurrency newcomers to hold...
Chinese Courts Sentence Crypto Miner, Fraud Rings as Enforcement Continues
14.12.2021
Crypto mining and investment in most of their forms have been shunted to the margins of society in China, but in some parts of the country, appetite for mining coins remains high, to the extent that some seem prepared to steal electricity from the grid to fuel their efforts....
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UK Intelligence Chief Raises Concerns About Use of Digital Renminbi to Control Global Transactions
13.12.2021
The chief of the Government Communications Headquarters (GCHQ), one of the big three intelligence agencies in the U.K., has raised concerns regarding China and its digital renminbi. Sir Jeremy Fleming stated that the already existent Chinese CBDC could be used to collect information from users...
2 key Bitcoin trading metrics suggest BTC price has bottomed
12.12.2021
Bitcoin price has yet to reclaim the $50,000 level, but the actions of options market makers and margin traders at Bitfinex suggest the most recent correction is over
Perhaps Binance’s CZ Isn’t World’s Richest Ethnic Chinese Person After All – Report
10.12.2021
Just over a week after a major Chinese media outlet claimed that the Binance Founder and CEO Changpeng “CZ” Zhao is the richest ethnic Chinese person alive, another report has surfaced questioning the logic of the original report.
In an article published by the media outlet Yijian Finance,...
Bitcoin Hashrate Close to Full Recovery After China’s Mining Ban
9.12.2021
The hashrate, or the computational power of the Bitcoin (BTC) network is close to a full recovery after a massive migration of miners out of China following a ban on mining and other crypto-related activities there in May this year.
According to the latest data, the hashrate of the Bitcoin...
Bitcoin, Stocks Largely Unmoved as China Evergrande is Declared in Default
9.12.2021
The price of bitcoin (BTC) and US stock futures are largely unmoved today after the expected news broke that Chinese property development giant Evergrande for the first time has failed to pay off a US dollar-denominated debt obligation....
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Bitcoin dips below $50K as Evergrande defaults on US dollar debt
9.12.2021
Fresh panic over Evergrande appears to have a limited impact on cryptocurrency markets
Bitcoin hash rate returns to all-time high levels
9.12.2021
After the global hash rate of Bitcoin dropped to as low as 84 EH/s in June, the network has since recovered to sit at around 175 EH/s this week
Regional CCP Chief Arrested Over Crypto Links as China Hunts Crypto Users
8.12.2021
A high-flying regional Communist Party official who was expelled from the party last month for allegedly supporting crypto miners has been arrested. Meanwhile, individuals are being caught sending money abroad using crypto.
Per the Epoch Times and the Xinhua news agency, Xiao Yi, the former...
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 and altcoins took a hit, but derivatives data reflects a calmer market
6.12.2021
BTC and altcoins took a beating over the weekend, but data shows a market with healthier trading conditions, even if prices consolidate for the foreseeable future