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Electricity shortages have been dogging Kazakhstan’s booming crypto mining industry this year. A media report reveals that some miners, including some of those that moved in amid China’s crackdown on the sector, are now looking to relocate to destinations with a more stable energy supply like the United States. Miners Shut Down Crypto Farms Due … Read more
Thailand is among the countries capitalizing on China’s crypto crackdown, with retail investors increasingly mining crypto. Go to Source Powered by WPeMatico
Binance may be seeing Bitcoin inflows, but overall, movements among major exchanges appear to cancel each other out, fresh data shows. Go to Source Powered by WPeMatico
The year past saw some fundamental transformations in the relationship between state power and the digital asset space. Go to Source Powered by WPeMatico
Baidu’s metaverse app will not support digital currencies or NFTs despite its focus on digital infrastructure, VP said. Go to Source Powered by WPeMatico
Xinhua, the official news agency of China, is going to issue an NFT collection with photographs depicting historic moments of the passing year. The initiative, which comes amid an ongoing crypto crackdown, is seen as a boost for blockchain, the technology that also underpins cryptocurrencies. Xinhua to Create Digital Collectibles Based on Photo Reports The … Read more
Despite the central bank officials’ call for heavy monitoring, Chinese state-run news agency Xinhua is launching an NFT collection. Go to Source Powered by WPeMatico
Despite the Chinese central bank’s proposal to monitor metaverse and NFTs, companies such as Tencent and Huawei are pursuing metaverse-related trademarks. Go to Source Powered by WPeMatico
An industry organization controlled by the Chinese government has updated a list of topics users of video-sharing apps should avoid. Crypto-related content is now among the entries along with traditional taboos in China like mocking its leadership, provoking sectarianism, and showing sex. Clips on Crypto Trading, Mining Banned in China The China Netcasting Services Association … Read more
A court in Beijing has ruled that three investment agreements for bitcoin mining operations in Sichuan are “invalid.” A compensation claim has been rejected in the case, viewed as an indication that the Chinese judiciary would not provide protection for crypto-related interests. Beijing Court Invalidates Bitcoin Mining Contracts The Chaoyang District People’s Court in the … Read more