State-Run Chinese Newspaper Economic Daily Warns Against ‘Betting Big’ on the Metaverse

china economic daily metaverseEconomic Daily, an economic newspaper run by the Chinese state, has published an article noting problems with investing in the metaverse. The article says that metaverse investments might not be suitable for all regions of the country, comparing the trend to the explosion of new green energies not long ago. Economic Daily Warns of Metaverse […]

Go to Source

Powered by WPeMatico

While Chinese Bitcoin Miners Escaped Crackdowns, Sichuan’s Hydropower Plants Were Not So Lucky

While Chinese Bitcoin Miners Escaped Crackdowns, Sichuan's Hydropower Plants Were Not So LuckyRegional reports from China indicate that government officials have been reviewing over 5,100 small-sized hydropower plants in order to get them to adapt to China’s cleanup and rectification process concerning future energy sources. China has pledged to be carbon neutral and ultimately have zero carbon emissions by 2060 and the recent crackdowns on bitcoin miners […]

Go to Source

Powered by WPeMatico

Chinese Central Bank Hosts Closed-Door Meeting on Electricity Usage of Bitcoin Miners

The PBOC Hosts a Closed-Door Meeting Over Electricity Usage of Bitcoin MinersThe People’s Bank of China (PBOC) today had a closed-door meeting on the use of electricity for bitcoin mining. The legitimacy of the news has been confirmed by Tencent Finance.  Also Read: Peter Thiel, Bitcoin Astronaut, Moves Markets with Crypto Moonshot The PBOC Investigates the Power Usage of Bitcoin Mining Tencent Finance said that China’s central bank recently […]

The post Chinese Central Bank Hosts Closed-Door Meeting on Electricity Usage of Bitcoin Miners appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico