The country celebrates 100 years of Communist Party rule, pressure may be released as the economy goes back to status quo, Beijing subway now trialing e-CNY.
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The country celebrates 100 years of Communist Party rule, pressure may be released as the economy goes back to status quo, Beijing subway now trialing e-CNY.
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Bitcoin bears could take a $31-million lead if BTC falls below $33,000 by Friday’s options expiry, but at the moment, both sides are balanced.
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The new law introduces an additional tax levy for energy used by crypto miners starting from January 2022.
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Despite China’s undermining, Bitcoin still exists and survives in lots of ways, Galaxy Digital’s CEO says.
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It’s unclear if the shutdowns are due to orders passed down from above or the result of China’s announced regulatory crackdown on crypto miners.
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Beijing’s rail transit service now accepts digital yuan for subway rides through an integration with the Industrial and Commercial Bank of China.
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The great hash rate plunge caused by an exodus of miners from China shows large scale Proof-of-Work mining facilities are vulnerable to regulation.
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