Zhejiang – DIGIT INFO

Chinese Gang Arrested for Exploiting Digital Yuan

DIGIT — Sat, 15 Jun 2024 09:23:06 +0000

In Zhejiang province, China, a criminal gang exploited digital yuan accounts to illegally cash out over 200,000 yuan ($27,566) within four days. The digital yuan, or e-CNY, is the People’s Bank of China’s (PBOC) central bank digital currency (CBDC), which has experienced substantial growth in usage. Adoption has reached 260 million wallets across 25 cities, […]

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Report: China Will Become a Metaverse Tech Leader During 2023

DIGIT — Mon, 20 Mar 2023 09:04:56 +0000

A report issued by Globaldata, a global consulting and data analysis company, predicts that China will become a leading country in metaverse tech during 2023. The firm believes that the development of other technologies like artificial intelligence (AI), virtual reality (VR), augmented reality (AR), and 6G will allow China to configure itself as a metaverse […]

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Ethereum Plans ‘Shapella’ Transition on Zhejiang Testnet — Dev Insists ‘Withdrawals are Coming’

DIGIT — Mon, 06 Feb 2023 19:30:28 +0000

Ethereum core developers plan to activate the “Shapella” transition through the Zhejiang public testnet on Feb. 7, 2023, according to Tim Beiko of the Ethereum Foundation. If successful, Beiko said the Sepolia testnet could follow two days later, followed by the Goerli testnet. He noted that the testnet has a faucet, block explorer, and staking […]

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Ethereum staking withdrawal testnet Zhejiang to go online Feb. 1

DIGIT — Tue, 31 Jan 2023 16:40:00 +0000

This is the first Ethereum public test since the Merge upgrade in September 2022. Developers said further testnets would be triggered in the coming week.

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Chinese Zhejiang Province Aims to Build a $28.7 Billion Metaverse Industry by 2025

DIGIT — Mon, 19 Dec 2022 12:30:56 +0000

Zhejiang, a coastal province of China, has presented a metaverse development plan that seeks to build a metaverse hub in its territory. The plan aims to entice the creation of a $28.7 billion metaverse industry and construct an ecosystem of several companies integrating this tech as part of its operations by 2025. Zhejiang Presents Metaverse […]

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Geographic Distribution Data Shows US Takes Leading Bitcoin Mining Position After China’s Crackdown

DIGIT — Wed, 13 Oct 2021 17:30:28 +0000

After China has reigned for a number of consecutive years as the dominant bitcoin mining epicenter of the world, the United States has “taken the leading position in bitcoin mining,” according to new data from Cambridge University. Data Shows US, Kazakhstan, Russian Federation Rule the Bitcoin Mining Roost In mid-July, researchers from the Cambridge Bitcoin […]

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University of Cambridge Bitcoin Mining Map Shows China’s Hashrate Dropped to 46%

DIGIT — Thu, 15 Jul 2021 20:00:48 +0000

After the researchers from the Cambridge Bitcoin Electricity Consumption Index (CBECI) project said that the website’s “Bitcoin Mining Map” had not been updated since April 2020, the map has finally been updated. Current data from the mining map shows the coverage goes all the way up until April 2021, and the estimate of China’s hashrate […]

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