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Bitcoin Mining Hashrate Registers Third Largest 3-Month Spike In Last 5 Years
Data shows the Bitcoin mining hashrate has recently registered its third-largest 3-month upwards increase in the past five years. Bitcoin Mining Hashrate Has Sharply Gone Up Recently As an analyst on Twitter pointed out, only the aftermaths of the 2021 China ban and the 2019 bear market saw more rapid increases. The “mining hashrate” is […] дальше »
2023-3-28 01:00 | |
China: CBDC makes a low key debut at Winter Olympics, two banks phase out cash
After eight years of guesses, discourse, and conflicting reports, China's digital yuan CBDC made a rather low-key debut at the 2022 Beijing Winter Olympics on 4 February. Time to introduce "yuan" selThe post China: CBDC makes a low key debut at Winter Olympics, two banks phase out cash appeared first on AMBCrypto. дальше »
2022-2-5 23:30 | |
Venture Investors Back More Crypto Startups In The U.S. Than Asia For First Time In 4 Years
Key takeaways CB Insights analysts found that China has lost its place in venture capital investment in crypto. VC investment in the crypto and blockchain sector has been record breaking in 2021. VCs have bet $21. дальше »
2021-12-3 22:09 | |
Is this Bitcoin FUD over for good
A few months back, the Bitcoin industry was slapped with another ban from China. It wasn't a new occurrence either, with multiple bans surfacing over the years. However, it specifically restricted theThe post Is this Bitcoin FUD over for good appeared first on AMBCrypto. дальше »
2021-10-27 17:00 | |
How NFTs managed to thrive in China despite stringent crypto regulations
The pace of innovation, growth, and excitement around NFTs has grown exponentially over the past few years. With China’s McDonald's giving away over 188 NFTs on its 31st anniversary, NFTs have managThe post How NFTs managed to thrive in China despite stringent crypto regulations appeared first on AMBCrypto. дальше »
2021-10-11 18:00 | |
China considers proclaiming crypto mining as a ‘negative industry’
China has been trying to eliminate cryptocurrencies from its country for years now, and in 2021, it finally came to cracking down on crypto miners. Throughout the year, one province after another started making mining impossible, forcing those engaging in this aspect of the crypto industry to close down shop and move — either to […] The post China considers proclaiming crypto mining as a ‘negative industry’ appeared first on Invezz. дальше »
2021-10-10 19:23 | |
U.S Senate candidate to accept BTC donations after floating strategic reserve idea
The trade war between the United States and China, the world's biggest economic powers, has been waging for years. Needless to say, digital currencies will soon emerge to be a part of this trade war. дальше »
2021-9-28 19:00 | |
Billion-dollar crypto trading powerhouse Amber Group is targeting a US IPO listing
Amber Group co-founder and CEO Michael Wu revealed in an interview with the South China Morning Post that the Hong Kong-based crypto service provider is interested in going public in the US within the next two years. дальше »
2021-9-26 11:00 | |
Bitcoin drops 5% as China proclaims all crypto transactions completely illegal
For years now, China has had a difficult relationship with the crypto industry. In time, however, that relationship started getting worse and worse, especially now as the country is about to release its own cryptocurrency on a nationwide scale. дальше »
2021-9-25 14:05 | |
This is how DeFi adoption stats flip the script on the USA and China
The exponential growth of DeFi over the past couple of years has been fascinating. These decentralized protocols, built mainly on top of the Ethereum network, have provided investors worldwide with a The post This is how DeFi adoption stats flip the script on the USA and China appeared first on AMBCrypto. дальше »
2021-8-26 12:30 | |
China: High Court rules Bitcoin, cryptocurrencies 'not protected by law'
Bitcoin and cryptocurrencies have been a major source of controversy in China for some years now. In fact, crypto-entities, both users and exchanges, have been at the end of a lot of regulatory backlaThe post China: High Court rules Bitcoin, cryptocurrencies 'not protected by law' appeared first on AMBCrypto. дальше »
2021-8-24 00:00 | |
Bitcoin Banning China Starts Falling Out of Favor, Crypto Booming India Brought In
China is going through one of its toughest month in years where international markets are concerned with the Chinese Communist Party (CCP) uneasy about what risks becoming an exodus, and... дальше »2021-7-31 18:13 | |
As Bitcoin and Ethereum Springs Forth, Chinese Stocks See Biggest Slump In Years
Recent events have shown that the traditional financial market is just as volatile as any other market; contrary to the popularly held consensus that cryptocurrencies are the only volatile market. China’s falling stock market proves that the traditional financial market is just as volatile as the cryptocurrency market. Over the past few days, two of […] дальше »
2021-7-29 15:49 | |
Digital Yuan Can Now Be Used to Pay for Electricity Bills
The digital Yuan can be touted as the most advanced central bank digital currency (CBDC) yet. After developing the state-backed cryptocurrency for years, China continues to add new sectors where residents can spend their digital money, and the latest seems to be electricity bills. дальше »
2021-7-24 21:00 | |
Why the Craze for Central Bank Digital Currencies is Alarming for the General Cryptocurrency Market
Over the years, central banks have been dropping hints about making their own digital currencies. The updates have come not long after independent digital currencies like Bitcoin and Ethereum were tagged threats by the governments of these countries; some of which include China and India, and more recently, the U. дальше »
2021-7-19 21:08 | |
How China’s CBDC Will Integrate Smart Contracts, Latest Progress Revealed
China’s central bank digital currency (CBDC) is moving fast towards its deployment. For the first time since the project was launched over 7 years ago, the People’s Bank of China (PBoC) has released a Whitepaper with the digital Yuan or e-CNY’s most important progress. дальше »
2021-7-17 01:00 | |
Bitcoin block times hit lowest point in 10 years after China mining ban
Bitcoin reached its slowest block time in 10 years on June 27, in what indicates a clear consequence of China’s mining ban. The post Bitcoin block times hit lowest point in 10 years after China mining ban appeared first on CryptoSlate. дальше »
2021-6-30 10:16 | |
Bitcoin ‘block times’ hit lowest point in 10 years after China mining ban
Bitcoin reached its slowest block time in 10 years on June 27, in what indicates a clear consequence of China’s mining ban. The post Bitcoin ‘block times’ hit lowest point in 10 years after China mining ban appeared first on CryptoSlate. дальше »
2021-6-29 10:16 | |
China Begins $6 Million Digital Yuan Airdrop Trial
China has been developing its central bank digital currency (CBDC), the Digital Yuan, for over seven years. The project has come to a critical test phase and it’s ready to be used by the citizens. дальше »
2021-6-3 18:10 | |
Billionaire Ray Dalio says Chinese ‘digital’ yuan could compete with Bitcoin
Bridgewater Associates founder and CEO Ray Dalio says Bitcoin can see traction in the years to come, but that the digital version of Yuan, China’s national fiat currency, could ‘compete’ with it. The post Billionaire Ray Dalio says Chinese ‘digital’ yuan could compete with Bitcoin appeared first on CryptoSlate. дальше »
2021-6-1 19:00 | |
Bitcoin Miners Moving Away from China, F2Pool Observes
For the first time in eight years, more hash rate was channeled from outside of China, the operator of one of the world’s oldest Bitcoin mining pool, F2Pool, notes as per a tweet on May 4. Bitcoin Hash Rate: The Shift in Distribution Bitcoin’s autonomy is because miners willingly channel computing power using expensive andRead More дальше »
2021-5-5 23:00 | |
Digital Yuan Is Closing In On A Full Release As Major Institutions Start Using The CBDC
Ant Group, a wholly-owned subsidiary by Alibaba, has been partnering with the People’s Bank of China (PBoC) on the central bank digital currency, popular as CBDC, a report from South China for the past four years China Morning Post reads. дальше »
2021-4-28 22:00 | |
China Calls Bitcoin and Stablecoins ‘Investment Alternatives’ for the First Time Since Crypto Crackdown
After the well-known crypto crackdown launched by the Chinese government four years ago, it seems there is now a change in the tone from the country’s central bank. At least that’s what has been suggested recently by the deputy governor of the People’s Bank of China (PBoC). дальше »
2021-4-20 01:30 | |
China Changes Stance On Bitcoin, Now Sees It As ‘Investment Alternative’
After four years of banning the issuance and trading of cryptocurrencies, the People’s Bank of China seems to be changing its stance. This follows comments made by the deputy governor of the Central Bank of China, Li Bo who described Bitcoin as an investment alternative. дальше »
2021-4-20 13:44 | |
Tesla Investment in Bitcoin Could Mean More Work for Xinjiang Coal Miners
There is a good chance that any new bitcoins generated after Elon Musk boosted the crypto will be sourced using cheap coal power in China’s Xinjiang. Cheap Reserves of Fuels Make the Province Suitable The region, which has risen to prominence in recent years for complaining about harassment of the Uighur Muslim minorities, is alsoRead More дальше »
2021-2-10 00:00 | |
China-based BSN Readies International CBDC Platform
China’s Blockchain Service Network (BSN) laid out its plans for 2021 on Jan. 15. The company expects to build a universal digital payment network (UPDN) over the course of five years. However, its goals for 2021 include launching a beta-test version of the UPDN in the second half of the year. дальше »
2021-1-17 13:52 | |
New “Chinese Ethereum” to issue Huobi’s HUSD stablecoin
Several years back, one of Ethereum’s greatest rivals was the blockchain project NEO (NEO). Due to its popularity in China, NEO was also granted the nickname ‘Chinese Ethereum. ’ Since then, NEO has fallen behind the rest of the top coins, and it continued to sink through the ranks. дальше »
2020-12-9 16:42 | |
China Official: Digital RMB Won’t Replace WeChat and Alipay for Ten Years
According to an article posted on the QQ platform, these comments came from Li Lihui, the leader of the Blockchain Working Group of the China Internet Finance Association and the former President of the Bank of China. дальше »
2020-11-28 17:08 | |
S9 Resurrection: Higher Bitcoin Prices Allow Miners to Switch Outdated Mining Rigs Back On
With bitcoin prices hovering over a certain handle, a great number of old ASIC mining rigs manufactured years ago are starting to become profitable again. Reports indicate that in China, where the average electricity cost is around $0. дальше »
2020-11-14 03:00 | |
Here’s why Bitcoin will boom in the “biggest overhaul” of finance
The development of Central Bank Digital Currencies (CBDC) has blossomed in the past few years, with countries like China in the advanced stages of its digital Yuan and Japan, Korea, and the US in their research phase for their respective fiat currencies. дальше »
2020-10-20 05:00 | |
Stablecoin regulation can be U.S’s masterplan against China’s E-Yuan
The importance of this current week has been fairly downplayed. Years down the line, the global payments system might look back at this particular period and suggest that this is where it all started. дальше »
2020-9-26 23:30 | |
How Grayscale is leading the Crypto Mining Dominance Shift from China to North America
China is home to the biggest crypto mining industry in the world, despite many other countries implementing strategies to attract more mining firms. The US and Canada have tried since 2018 to challenge China’s global dominance in crypto mining for five consecutive years. дальше »
2020-9-13 15:09 | |
Euro’s Dominance at Risk of Replacement by Digital Yuan in the Next Five Years: dGen Report
The Euro might be overtaken by China’s digital Yuan as soon as 2025 if the European Union will not have launched a CBDC by then, highlights the latest research report by German-domiciled think tank, dGen. дальше »
2020-9-10 21:15 | |
China to implement its digital currency at the Winter Olympics Games
China wants to use its newly developed currency at the Winter Olympics Games in the coming years. The digital currency has become the center point of focus for the Chinese authorities since the cryptocurrency ban. дальше »
2020-8-31 03:15 | |
Cambodia’s Central Bank Rolls Out Blockchain Payment System Whitepaper; It’s Not A CBDC
After three years of development, the Cambodian national digital currency may be out later this month, according to a recently released whitepaper. The permissioned blockchain-based payments system differs from the central bank digital currencies, also known as CBDCs, being offered by several states, including China and Russia, the paper states. дальше »
2020-6-22 21:04 | |