Federal Reserve works with China’s blockchain ally for instant payments
Cypherium is the only blockchain company featured in the FedNow Service Provider Showcase for now, the CEO told Cointelegraph. Go to Source Powered by WPeMatico
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Chinese police busts illegal crypto mining farm, seizes 190 miners
Guangdong province’s Development and Reform Commission confiscated 190 crypto mining machines estimated to be worth 5 million yuan. Go to Source Powered by WPeMatico
China’s share in Bitcoin transactions declined 80% post crackdown: PBoC
China has carried out multiple crypto crackdowns and enforced numerous bans on crypto markets since 2013, however, Chinese traders have always found a way to bypass these bans. Go to Source Powered by WPeMatico
Tencent files for patent related to virtual concerts in Metaverse
Chinese tech colossus Tencent has continued its foray into the metaverse after filing a patent for virtual concerts, flying in the face of warnings from Chinese banks and regulators. Go to Source Powered by WPeMatico
Bitcoin network’s carbon emission jumped 17% after China ban: Report
The research report blamed the increase of Bitcoin’s carbon footprint on the China mining ban and claimed Chinese miners were more renewable energy focused. Go to Source Powered by WPeMatico
US Senator Says He’s Bullish on Bitcoin Because It’s Decentralized, Uncontrollable
U.S. Senator Ted Cruz says one of the reasons he is so bullish on bitcoin is because it is decentralized and not controllable. He added that “China recently banned bitcoin because they can’t control it, which is the exact same reason Elizabeth Warren hates bitcoin.” US Senator Bullish on Bitcoin U.S. Senator Ted Cruz from … Read more
China Mining Ban Worsened Bitcoin’s Carbon Footprint, Study Claims
Contrary to some expectations, Beijing’s crackdown on the crypto mining industry has increased Bitcoin’s carbon emissions, researchers have alleged. Leaving China, miners also left behind its eco-friendly hydropower and are increasingly relying on energy generated by fossil fuels, they claim. Bitcoin Mining Allegedly Less Green Since Miners’ Exodus From China Cryptocurrency mining has become a … Read more
China’s Supreme Court adds digital currency to list of illegal fundraising methods
The new policy change aims to mitigate risks arising from digital currency fundraising and the absorption of funds from the public. Go to Source Powered by WPeMatico
Chinese banking regulator warns against fraud risks in the metaverse
Chinese authorities called the metaverse “attractive and deceptive,” where users are prone to lose money if they are unaware of the risks. Go to Source Powered by WPeMatico
NEO price climbs after China’s BSN gives the project the green light on NFT marketplaces
The launch of N3, new NFT marketplaces and integration with China’s blockchain-based Service Network is providing a boost to NEO price. Go to Source Powered by WPeMatico