The9 signs green Bitcoin mining deal with Russian firm BitRiver
BitRiver utilizes only surplus hydroelectric power to operate its data centers in Russia and CIS countries. Go to Source Powered by WPeMatico
China
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OK Group to help China combat money laundering with blockchain
OK Group will start working with Chinese authorities to combat money laundering using distributed ledger technology. Go to Source Powered by WPeMatico
China Has Dispersed Over $40 Million of Digital Yuan in Red Envelopes, Report Reveals
China, which has arguably the most advanced digital currency project among leading nations, has so far handed out more than $40 million in red envelopes with digital yuan. The promotional campaign for the CBDC is currently focused on five major cities, taking into account their regional development priorities. Beijing Gives Away 269 Million Yuan in … Read more
US crypto community overtaking Asia, says Mike Novogratz
“China has declared war on crypto as part of this broader cold war that we’re getting into,” Mike Novogratz stated. Go to Source Powered by WPeMatico
Bitcoin electricity consumption falls to November 2020 levels: Data
Bitcoin’s total annual electricity consumption has fallen almost 60% since its all-time peak recorded in mid-May, according to industry data. Go to Source Powered by WPeMatico
China’s digital yuan deploys at speed, leaving dust in its path
From being labeled impractical to nearing mainstream deployment, the digital yuan can transform the global economic landscape. Go to Source Powered by WPeMatico
China’s central bank worried about stablecoins’ risk to financial systems
While Visa and other major private payments networks see the potential of stablecoins, China’s central bank believes they pose serious risks to global financial systems. Go to Source Powered by WPeMatico
Chinese Bank Employees Told to Entice 300 Customers to Use the Digital Yuan
In mid-May, a report stemming from residents in Shenzhen, China explained that the digital yuan wasn’t seeing widespread participation, which the Chinese government has alluded to in many press releases. Now a handful of China’s state-owned banks have asked staff to recruit 200 to 300 digital yuan users. The banks are also giving away small … Read more
China Shuts Down Software Maker Over Suspected Crypto-Related Activity, Issues Industry-Wide Warning
The People’s Bank of China (PBOC), the country’s central bank, has shut down a software firm over suspected involvement in cryptocurrency transactions. The central bank also warned organizations not to “provide premises, commercial display, advertising … and other services for cryptocurrency-related business activities.” China’s central bank warned companies on Tuesday against assisting cryptocurrency-related businesses as … Read more
Chinese banks tell staff to recruit up to 300 new digital yuan users each
Six of China’s top banks have tasked their employees with promoting digital yuan wallets to between 200 to 300 people a year. Go to Source Powered by WPeMatico