Tencent Holdings aims to bolster blockchain technology development across China as part of a $70 billion investment in fintech.
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Category: China
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Digital Yuan Has No Launch Date, Bank of China Stresses Amid Rumors of Looming Rollout
People’s Bank of China clarified that there is still “no timetable” on a formal digital yuan launch, despite the ongoing pilot project.
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China’s Congress Proposes Blockchain Development Fund
NPC, China’s parliament suggests a government backed blockchain development fund to build a better governance system.
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Bitcoin Miners Will Use Derivatives Like Traditional Commodity Producers
Miners need traditional financial products in order to hedge against the risk of increasing hash rate and difficulty.
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Ontology Partners With German Startup to Accelerate Supply Chain Identity Solutions
The blockchain firms are hoping to forge greater collaboration between DLT platforms based in the East and West
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China Strikes Down 10% of Global BTC Hashrate, Who Will Pick Up The Slack?
Citing the increase in illicit crypto-related activities, the provincial government of Sichuan moves to stamp out 10% of the global Bitcoin hashrate.
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Layer1 Stabilizes Texas Grids With ‘Bitcoin Batteries’
Layer1 will release electricity in response to spikes in consumer demand that may threaten local power grids, such as during heatwaves
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Plus Token Leadership Faces Criminal Prosecution in China
PlusToken main criminal suspect got caught and is now facing local court prosecution
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Crypto Exchanges Speak Out as Binance Takes CoinMarketCap’s Top Spot
OKEx, Huobi and Bitfinex speak out on Binance’s buyout of CMC: “A partnership with a clear conflict of interest”
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Bitcoin Hashrate Slides 33% Since Halving – Difficulty Drops, Issues in Sichuan China
It’s been 11 days since the third bitcoin block reward halving. Data now shows that the overall SHA256 hashrate lost around 47 exahash per second (EH/s), since the all-time high of 140 EH/s on May 3. With more than 33% of the hashrate lost, reports stemming from Sichuan China indicate that bitcoin mining operations have […]
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