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Nalezeno "china": 3701

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...

Asian Sellers Weighing on Bitcoin Price, But Possibly Not for Much Longer


  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.... Read More: Asian...

China Censors Crypto-Themed Short Videos Shared Online


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...

Chinese Banks ‘Educate’ the Public on the Pitfalls of Crypto


  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.... Read More: Chinese Banks ‘Educate’...

Chinese Courts Sentence Crypto Miner, Fraud Rings as Enforcement Continues


  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.... Read More:...

Bitcoin Hashrate Close to Full Recovery After China’s Mining Ban


  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


  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.... Read More: Bitcoin, Stocks Largely Unmoved as China...

Regional CCP Chief Arrested Over Crypto Links as China Hunts Crypto Users


  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


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...

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