Chinese Authorities Plan Crackdown on Crypto Mining in Inner Mongolia
Chinese regulators look to new regulation for crypto mining in Inner Mongolia Go to Source Powered by WPeMatico
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Crypto Facilitates Money Transfer for Restricted China
Crypto is not illegal in China, but it is illegal for banks and financial institutions to deal in crypto. It’s also illegal to send or receive over $50,000 in fiat money without government permission. Restrictive banking regulations, international trade wars, and a surveillance state in the midst of political unrest mean that transferring money can … Read more
Chinese Police Reportedly Close Office of ICO Startup
Offices of Chinese initial coin offering startup GXChain have reportedly been closed by local police Go to Source Powered by WPeMatico
Circle CEO: No One in the World Is Any Closer to CBDCs than China
No country in the world is closer to central bank digital currencies than China, Circle CEO Jeremy Allaire says Go to Source Powered by WPeMatico
Bitmain Launches Next Gen Miner as Bitcoin Hashrate Touches 100 Exahash
Last Thursday the China-based mining rig manufacturer Bitmain announced the launch of two new Antminers that offer hashrates between 53 to 64 terahash per second (TH/s). When the Antminer sale started on Monday, first batch devices sold extremely fast and Bitmain expects to deliver units by mid-November. Meanwhile, the combined SHA256 hashrate (BCH and BTC) … Read more
Report: Libra Stablecoin Tied to Major Currencies, Maybe Not Yuan
Facebook has reportedly provided the U.S. Senate with details regarding the backing reserves for its Libra stablecoin Go to Source Powered by WPeMatico
Tether Launches New Stablecoin Pegged to Offshore Chinese Yuan
Tether announced that is launching a new stablecoin pegged to the offshore Chinese yuan Go to Source Powered by WPeMatico
China’s Digital Currency Could Launch as Early as November
The Chinese government is working on its own digital currency. Very little is known about this project so far. In a recent press release, the country’s central bank offered some intriguing details. It seems this currency will be similar to Libra, although it has nothing to do with social media. A Mobile Currency While very … Read more
Report: Shell and Sinochem Discuss Blockchain Platform for Crude Oil
Sinochem Energy Technology is reportedly discussing building a blockchain platform for the oil sector with Shell and Macquarie Go to Source Powered by WPeMatico
Bitcoin Hit Record Inverse Correlation to Chinese Yuan in Past Week
Weakening Chinese yuan leads to higher Bitcoin prices and Asian premium Go to Source Powered by WPeMatico
