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Why The Chinese Government Started Mining Bitcoin (BTC)
Reporter Colin Wu shared news published by Chinese state media PengPai related to Bitcoin mining activities by the national government. At the very least, China’s view of cryptocurrencies is ambiguous, but according to the report they have been dabbing with BTC. дальше »
2021-4-30 02:42 | |
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Major State-Owned Banks Promote Digital Yuan Over Alipay and Wechat Pay
Six leading Chinese banks are promoting the digital yuan as a better alternative to existing major payment providers WeChat Pay and Alipay, ahead of an upcoming shopping festival. Banks Push for Digital Yuan Usage for Shopping Festival According to Reuters on Monday (April 26, 2021), China’s major state-owned banks are pushing the use of theRead More дальше »
2021-4-26 23:00 | |
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Texas wants to protect privacy elements of blockchain companies, says Blockcap
According to Darin Feinstein, the Chinese government isn't helping to protect the private property of its crypto miners.
дальше »2021-4-22 20:45 | |
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Bitmain Founder Warns Against This Future Threat For Bitcoin
Jihan Wu, the co-founder of Bitmain, is worried about Bitcoin’s future. Per a report by Colin Wu, the co-founder of Bitmain told Chinese miners there are “environmental protection issues”. Therefore, institutions currently buying or holding BTC could be more concerned about the origins of their coins. дальше »
2021-4-22 18:04 | |
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One of the biggest Bitcoin miners says Ethereum will soon cross $5,000
The owner of one of the world’s biggest mining pools says Ethereum (ETH) could reach the $5,000 to $6,000 range this bull run, as per Chinese news outlet Wu Blockchain. The post One of the biggest Bitcoin miners says Ethereum will soon cross $5,000 appeared first on CryptoSlate. дальше »
2021-4-20 04:00 | |
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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 | |
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China Is Expanding Its Digital Yuan Trials to Include More Cities
Leading the race of central bank digital currency (CBDC), China's central bank has already tested the digital yuan in several cities, including Shenzhen, Chengdu, Suzhou, and Xiong'an. Still, there is no specific timeline for the CBDC’s official rollout, said central bank vice governor Li Bo in an annual gathering on Sunday of top Chinese and […] The post China Is Expanding Its Digital Yuan Trials to Include More Cities first appeared on BitcoinExchangeGuide. дальше »
2021-4-20 16:28 | |
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Chinese regulator says Bitcoin is an ‘alternative investment’
Li Bo, a deputy governor of People’s Bank of China (PBoC), the country’s central bank, said over the weekend that Bitcoin and stablecoins are ‘alternative investments’ in the eyes of the law. The post Chinese regulator says Bitcoin is an ‘alternative investment’ appeared first on CryptoSlate. дальше »
2021-4-19 11:35 | |
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Why A Central Bank of China Official Said Bitcoin Has Major Role in the Future
For the first time, a Chinese government official has recognized the value of Bitcoin and other cryptocurrencies. The People’s Bank of China Deputy Governor, Li Bo, called these assets an important part of the future at the Boao Forum for Asia, per a report by Colin Wu. дальше »
2021-4-19 23:00 | |
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Microsoft-Led Consortium Invests $1.3B in Largest Decentralized Storage Facility in China to Mine Filecoin (FIL)
Chinese tech consortium IPFS Union is investing over $1. 3 billion to build China’s largest decentralized storage in Jiangxi Province of Fuzhou City. As part of its “Big Data Industrial Park” project, the facility will mine Filecoin (FIL), a peer-to-peer data storage platform, allowing users to buy and sell storage without a third party, a blog […] The post Microsoft-Led Consortium Invests . дальше »
2021-4-17 21:11 | |
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Bitcoin Hash Rate Takes a Hit After a Coal Mining Accident in Northwest China
The hashrate of Bitcoin mining pools has plunged in the past 24 hours. According to BTC. com, Poolin saw the biggest drop of 34. 55% among the top miners, followed by Chinese cryptocurrency exchange Huobi’s Huobi. дальше »
2021-4-17 18:03 | |
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Chinese authorities arrested developers behind EOS-based gambling dApp
China’s police department in the Jiangsu province’s city of Yancheng recently arrested a group of blockchain developers. The developers in question worked on EOS’ blockchain, where they created a decentralized gambling application. дальше »
2021-4-16 14:42 | |
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Bitcoin Mining Pool Hashrates Plummet Following North-West China Blackouts
In a tweet earlier today, a Chinese journalist who goes by the handle @WuBlockchain attributed the Bitcoin hashrate declines to a blackout in Northwest China. The blackout was reportedly put in place for safety inspections. дальше »
2021-4-16 14:00 | |
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Iran's largest Bitcoin mining facility resumes operations after Chinese bailout
On one hand, the Bitcoin spot market has been witnessing a surge, while on the other, the mining industry in certain regions is being stifled. After remaining shut for four months, Iran's largest BitcThe post Iran's largest Bitcoin mining facility resumes operations after Chinese bailout appeared first on AMBCrypto. дальше »
2021-4-15 20:00 | |
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China’s Latest Digital Renminbi Trial Targets 500k People Plus Cross Border Payments
The Chinese government is conducting fresh digital yuan tests in six new provinces including Shanghai, Hainan, Changsha, Xi’an, Qingdao, and Dalian. The government has increased the scope of this latest DCEP trial from the previous 50,000 to 500,000 users. дальше »
2021-4-15 15:30 | |
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Chinese Tech Firm Meitu Buys 175 Bitcoin, Treasury Now Holds $100 Million Worth in BTC and ETH
The China-based smartphone and internet app maker Meitu has announced the acquisition of $10 million worth of bitcoin for its treasury after the firm purchased digital assets two times prior last month. дальше »
2021-4-10 20:30 | |
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Chinese Company Meitu Buys Another $10M Bitcoin, Now Owns $100 Million in BTC and Ether
Publicly-traded Chinese company Meitu announced the purchase of an additional 175. 6 Bitcoin at approximately $10 million, as per the filing published on April 8. With this latest purchase, the company has completed its $100 million worth of crypto, Bitcoin, and Ether combined, accumulating ever since adopting a “cryptocurrency investment plan” in March this year. дальше »
2021-4-9 20:05 | |
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Paypal Cofounder Peter Thiel Thinks China Is Using Bitcoin as Financial Weapon Against the US
According to Paypal cofounder Peter Thiel, the Chinese government, which detests the U.S. dollar’s reserve currency status, could be using bitcoin as a financial weapon against the U.S. While he concedes that China has no intentions of making the yuan renminbi a reserve currency, Thiel still thinks the Asian country may have longed bitcoin because […] дальше »
2021-4-9 10:30 | |
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Peter Thiel calls Bitcoin ‘a Chinese financial weapon’ while Bloomberg says it could reach $400,000
Satoshi Nakamoto launched Bitcoin in January 2009 during the global financial crisis. The post Peter Thiel calls Bitcoin ‘a Chinese financial weapon’ while Bloomberg says it could reach $400,000 appeared first on CryptoSlate. дальше »
2021-4-9 03:30 | |
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Peter Thiel Calls Out The US for ‘Complacency on Innovation,’ Saying Bitcoin Is A ‘Chinese Financial Weapon’
“Pro crypto and Bitcoin maximalist” also criticized tech companies like Google and Apple for working with China because “everything in China is a civilian-military fusion,” and these companies are “effectively working with the Chinese military. дальше »
2021-4-8 16:42 | |
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Peter Thiel: China Using Bitcoin as a ‘Financial Weapon’
Thiel made these comments after he expressing worry the Chinese are using bitcoin to corrode the U. S. financial system. Bitcoin boogeyman Thiel gave his more-than-skeptical sounding comments at a virtual roundtable for members of the Richard Nixon Foundation on April 7. дальше »
2021-4-8 12:30 | |
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Chinese Lottery Firm Rebrands, Purchases Bitcoin Mining Rig Manufacturer for $100 Million
Following the acquisition of the Chinese mining pool Btc. com, the China-based lottery company 500. com revealed the purchase of a bitcoin mining rig manufacturer Bee Computing. The Shenzhen firm purchased the semiconductor and mining device manufacturer for roughly $100 million in a share exchange agreement. дальше »
2021-4-8 02:30 | |
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Hindenburg Research Shorts Chinese Bitcoin Mining Maker; Ebang Continues its Fundraising Spree
The short-seller argues Ebang makes “extraordinary claims” to be a market leader, which is “backed by no evidence,” resulting in EBON shares dumping. The post Hindenburg Research Shorts Chinese Bitcoin Mining Maker; Ebang Continues its Fundraising Spree first appeared on BitcoinExchangeGuide. дальше »
2021-4-8 20:20 | |
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PayPal Co-Founder Calls Bitcoin Chinese "Weapon"
PayPal co-founder, billionaire and investor Peter Thiel speculated that bitcoin could become a financial weapon in the hands of China, which uses digital currency to topple the dominant status of the US dollar on the global stage. дальше »
2021-4-10 13:16 | |
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Our Man in Shanghai: Filecoin the talk of the town, Polkadot and NFTs gain attention
Retail investors are flocking to buy Filecoin on exchanges with predominately Chinese user bases and the head of the PBOC thinks the digital yuan has an uphill battle to take on Alipay and WeChat Pay. дальше »
2021-4-2 03:18 | |
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How Filecoin is up 50% in a week and could take more profits
After a week of significant gains, Filecoin (FIL) is shaping up to become one of the biggest earning cryptocurrencies of the month. Journalist Colin Wu has recorded increasing interest in the cryptocurrency and its file-sharing platform: Filecoin surpassed $100, benefiting a large number of Chinese miners and investors. дальше »
2021-3-27 00:06 | |
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Chinese Citizens Can Now Apply for the Digital Yuan Wallet Through 6 State-Owned Banks
Following the interview with Ma Changchun, the head of the People’s Bank of China-run Digital Currency Research Institute, a recent report indicates that residents from Beijing and Shanghai can now apply for a digital yuan wallet. дальше »
2021-3-27 19:30 | |
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6 Chinese banks are testing the upcoming digital yuan (DCEP)
Six government-backed banks in China are testing e-wallet services for the upcoming digital yuan, local outlet Sina News reported ealier this week. The post 6 Chinese banks are testing the upcoming digital yuan (DCEP) appeared first on CryptoSlate. дальше »
2021-3-27 16:00 | |
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