Digital yuan campaign planned for contested island in the South China Sea
Participants will receive a discount for every central bank digital currency expenditure worth 100 yuan. Go to Source Powered by WPeMatico
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New petition asks SEC chair nominee Gary Gensler to drop Ripple lawsuit
An XRP advocate started a petition to SEC chair nominee Gary Gensler, asking him to end the lawsuit against Ripple should he be confirmed as the new chair. Go to Source Powered by WPeMatico
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. 500.com Changes Name to Bit Mining Limited and Acquires Bee Computing … Read more
UK Bitcoin mining revenues soar but China hogs 75% of ‘blood coin’ production
U.K.-based Argo Blockchain just did record revenues, but a new report suggests 75% of Bitcoin mining still takes place in China, where “blood coin” is made. Go to Source Powered by WPeMatico
Bitcoin miner firm Ebang launches Ebonex crypto exchange
Cryptocurrency miner supplier Ebang has officially launched its own crypto exchange after an invite-only beta phase earlier this year. Go to Source Powered by WPeMatico
Non-Fungible Token Sales Begin to Dive, NFT Interest Declines, Finance Author Highlights NFT Oversupply
Non-fungible token (NFT) assets and collectibles are starting to see sales decline and interest in NFTs is dropping as well. Additionally, it’s being said that an “oversupply of NFTs” may hurt the market, according to James Surowiecki the author of “The Wisdom of Crowds.” In 2021, non-fungible tokens have been all the rage and the … Read more
Bitcoin surge could be driving digital yuan interest, says People’s Bank of China
The central bank says strong interest in its CBDC project is partly being driven by Bitcoin’s recent surge, despite cryptocurrency still being banned in China. Go to Source Powered by WPeMatico
Nervos Network (CKB) gains 341% as DeFi and layer-2 development progress
Nervos Network rallied 341% in a month as plans to launch a DeFi platform and new layer-2 offerings bear fruit. Go to Source Powered by WPeMatico
China’s blockchain project BSN to integrate R3 Corda
Chinese banks will soon have access to a permissioned version of the Corda Enterprise infrastructure via the country’s Blockchain Service Network. Go to Source Powered by WPeMatico
Nic Carter takes aim at claims Bitcoin is an environmental disaster
Carter argues that mining is concentrated in areas where there is an excess of energy. Go to Source Powered by WPeMatico