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Nalezeno "China": 3702

Sichuan Mining Farms Begin to Shut Down — Seven-Day Stats Show Bitcoin’s Hashrate Plummeting

20.6.2021
The hashrate of the Bitcoin network has been steadily falling since June 14 and after Sichuan miners were told to prepare operation shutdowns. Sichuan is the second-densest province in China where most miners are located, according to data stemming from the University of Cambridge. Bitcoin’s...

Cornell Economist Says Bitcoin Has 3 Flaws Driving People to Search for Better Alternatives

20.6.2021
Cornell University professor of economics and former head of the IMF’s China division, Eswar Prasad, sees three major flaws in bitcoin. Because of these flaws, the professor says that “bitcoin really has set off something of a search for a better alternative.” Cornell...

Figuring Out How Much Bitcoin Hashrate Resides in Mainland China Still a Mystery

19.6.2021
Over the last few weeks, there have been many reports about crackdowns in China tied to bitcoin mining operations in various provinces. 30-day statistics show the hashrate has been fluctuating wildly, and across the last week it has slid downward roughly 26%. Reports Show Bitcoin Mining Crackdowns...

Data suggests the strong US dollar makes Bitcoin weaker argument is flawed

19.6.2021
Analysts and traders are linking Bitcoin's bearish turn with the growing strength of the U.S. dollar, but data suggests otherwise

Miami Mayor Tries to Entice China’s Bitcoin Miners — ‘We Want You to Be Here’

18.6.2021
Miami’s Mayor Francis Suarez told the press on Thursday that his city was open to bitcoin miners from China who are flocking to find new homes. Suarez says he hasn’t actually talked to any miners from China but said he wants them to know the opportunity is there. Miami’s Mayor...

Over 3,000 ATMs in Beijing Offer Digital Yuan Withdrawals

18.6.2021
Leading Chinese banks have introduced digital yuan withdrawals at more than 3,000 ATM locations in Beijing. Residents of the capital city will now be able to exchange their e-CNY funds for cash and vice versa. Some of the teller machines are located in a popular shopping area. Banks Launch Support...

Chinese Bitcoin mining shakeout may have surprise BTC price consequences — analyst

18.6.2021
Bitcoin's production cost is dropping, and price action often rebounds to new highs if it dips below it, data shows

Officials in Sichuan Instruct Bitcoin Miners to Shut Down Operations: Report

18.6.2021
According to regional reports, bitcoin miners in Sichuan have been told by the Ya’an municipal government that they have until June 25 to shut down operations. Sichuan has been eyed closely in recent times as it’s estimated that a large demographic of miners are situated in the region....

Over 3,000 ATMs in Beijing can now convert digital yuan into cash

18.6.2021
The Agricultural Bank of China previously debuted digital yuan ATMs this January

Miami mayor offers city's clean nuclear power to Chinese Bitcoin miners

18.6.2021
Mayor Francis Suarez wants to make Miami a Bitcoin mining hub by offering the city’s cheap, clean nuclear energy supply

City in Sichuan reportedly orders crypto miners to shut down for investigation

18.6.2021
Crypto miners in Ya'an City have reportedly been ordered to temporarily shut down their operations

Shanghai Man: Economist says El Salvador 'on road to death', salaries paid in e-CNY ...

18.6.2021
Former banking heads question foreign financial policies, workers paid with digital yuan in milestone pilot and a large Series A is closed by DeFi platform SynFutures

Pantera CEO: Crypto market 'panic' is subsiding, now's the time to buy

17.6.2021
The Pantera boss cited three primary reasons why crypto markets dumped a trillion dollars in market cap

Diversification into Bitcoin a ‘prudent move,’ says Bloomberg strategist

16.6.2021
The statement appeared as Bitcoin investors waited for fresh economic projections from the Federal Reserve and China pledged to release metal reserves amid concerns over commodity rally

Crypto exchange Huobi has reportedly stopped letting new users trade derivatives

16.6.2021
Chinese journalist Colin Wu speculated that the move from the crypto exchange would likely drive users to Binance for higher leveraged trades

Bitcoin Miner Relocation Within China and Worst Case Scenario

15.6.2021
The relocation of Bitcoin (BTC) miners within China is already underway – and should the situation worsen, they might also be moving out of the country in droves, according to Jiang Zhuoer, CEO of mining pool BTC.TOP. This, however, would lead to hashrate decentralization. The majority of miners...

Subcontractors and Builders Located in China’s Xiong’an New Area Are Being Paid in Digital Yuan

14.6.2021
Xiong’an New Area, a state-level new area in Hebei, China, is seeing the use of onchain digital yuan payments, according to a circular issued by the Xiong’an government. The announcement details that Xiong’an subcontractors and builders are being paid using the central bank...