China aims to let foreigners use digital yuan at Winter Olympics in 2022
China wants to allow foreign athletes and visitors to use the county’s digital currency during the Beijing Winter Olympics in 2022. Go to Source Powered by WPeMatico
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China is studying crypto as an investment tool, says PBoC deputy governor
The central bank official said stablecoins issued by private companies may require “stronger regulatory rules” than Bitcoin. Go to Source Powered by WPeMatico
Bitcoin Hashrate Drops Over 45%, Xinjiang Grid Blackouts Blamed, BTC Price Slides 10%
Since April 15, the Bitcoin network hashrate has dropped more than 49% after touching an all-time high at 218 exahash per second. Regional reports noted that in China the Xinjiang grid is having blackouts and “safety inspections.” Reports Claim Blackouts in Xinjiang, China Have Pushed Bitcoin’s Hashrate Down 49% At the time of writing, the … Read more
Our Man in Shanghai: Coinbase listing scorned, graphics cards seized, nostalgia coins rule
Coinbase and cryptocurrencies viewed cynically on Chinese social media, and news of a large mining GPU smuggling bust in Hong Kong. Go to Source Powered by WPeMatico
Chinese investors reboot Iranian Bitcoin mining facility
A Chinese-Iranian Bitcoin mining facility is set to resume operations after being forced to shut down earlier in the year. Go to Source Powered by WPeMatico
Macau poised to amend laws to enable digital yuan trials
Macau’s government is taking steps towards introducing a digital currency to combat tax evasion and money laundering in the gambling hub. Go to Source Powered by WPeMatico
Bitcoin power consumption ‘66 times higher than in 2015’: Citigroup
However energy consumption has not matched the 170X price increase over the same period. Go to Source Powered by WPeMatico
Blockchain provides major boost to speed of China-Europe rail trade
Rail cargos from China to Europe can now be delivered in days instead of months, after a new blockchain system was installed at a major Chinese rail port. Go to Source Powered by WPeMatico
How the digital yuan stablecoin impacts crypto in China: Experts answer
Here’s what crypto and blockchain industry experts from China think about the digital yuan and how it has affected the blockchain space. Go to Source Powered by WPeMatico
Online Game Operator The9 Plans to Purchase 2,000 Bitcoin Miners for Over $6 Million
The Shanghai-based online game operator The9 Limited, has revealed the company is planning to acquire 2,000 Canaan Avalonminers for over $6 million in a stock deal. The9 binding memorandum of understanding (MOU) explains that the new units will give the company 0.1 exahash of bitcoin hashpower. On April 9, the publicly-listed gaming and internet company … Read more