Binance has appointed new head of ‘Greater China’
It’s not entirely clear when Terence Zeng assumed his leadership role, though the appointment appears to have been recent. Go to Source Powered by WPeMatico
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Governments can stop Bitcoin by shutting down mining, says Electric Capital exec
“If the U.S. stopped all the U.S. miners, Kazakstan stopped all the miners there — that kind of shuts down 80-90% of the hashrate pretty quickly,” said Curtis Spencer. Go to Source Powered by WPeMatico
Federal Reserve Bank President Says Bitcoin Is Clearly a Store of Value
The Federal Reserve Bank of Dallas president says bitcoin is clearly “a store of value.” Emphasizing the differences between cryptocurrencies, like bitcoin, and central bank digital currencies, he said the latter “won’t necessarily be a store of value.” Fed Bank Chief Calls Bitcoin a Store of Value The president of the Federal Reserve Bank of … Read more
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). Central Bank Clarifies Its Regulatory Framework on Cryptos … Read more
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
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