Coinbase CEO tops China’s Hurun list of blockchain billionaires
Coinbase CEO Brian Armstrong’s estimated wealth surged 10-fold over the past year to hit $11.5 billion, according to China’s Hurun Research Institute. Go to Source Powered by WPeMatico
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China’s Inner Mongolia Plans to Shut Down Bitcoin Mining Operations by April This Year
Inner Mongolia, an autonomous region in northern China, is planning to shut down all cryptocurrency mining activities in the area by April 2021, as part of efforts to improve energy efficiency. Regulating the Electrical Consumption in Inner Mongolia The government of Inner Mongolia will also stop approving new projects in energy-intensive industries such as steel … Read more
Crypto myth busted: Users haven’t mined Ether using a PlayStation 5 yet
The original report from GizChina said that a software developer had modified the CPU and graphics cards on the new gaming console to mine crypto. Go to Source Powered by WPeMatico
China’s Inner Mongolia to shut down crypto mining farms by April 2021
Inner Mongolia drew the ire of Beijing after failing to meet energy efficiency goals. Go to Source Powered by WPeMatico
China’s BSN partners with TON Labs to utilize Telegram blockchain
While Telegram’s token project is dead, the blockchain still lives. Go to Source Powered by WPeMatico
Report: Asia’s Cryptocurrency Landscape the Most Active, Most Populous Region ‘Has an Outsize Role’
Recently, Messari Crypto Researcher, Mira Christanto published a report that looks into Asia’s cryptocurrency landscape in-depth, as 60% of the world’s population resides in the region. Christanto’s study shows that six out of the top ten largest cryptocurrency unicorns are located in Asia. Moreover, 98% of ethereum-based futures and 94% of bitcoin futures volumes stem … Read more
China’s CBDC is about domestic dominance, not beating the dollar
The notion of China racing to launch a CBDC that will end U.S. monetary supremacy doesn’t hold up if you look at the facts on the ground. Go to Source Powered by WPeMatico
Ebang planning to expand business to mine LTC and DOGE
The mining equipment manufacturer announced its intention to expand into mining when it went public last year. Go to Source Powered by WPeMatico
Major Asian banks unite to form ‘multiple’ CBDC pact on blockchain
Some of Asia’s largest banking institutions are working together on a “multiple” CBDC project, designed to cross borders and navigate regulations easier than fiat. Go to Source Powered by WPeMatico
Ant-backed MYbank to help China expand digital yuan trial
Tencent-backed WeBank and Ant Financial-backed MYbank will reportedly be the first private banks to join China’s digital yuan pilot. Go to Source Powered by WPeMatico