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Bitcoin’s Hashrate Soars 42% Higher Over the Last 3 Months Following Crypto Asset’s 36% Price Increase
13.11.2021
While bitcoin has been hovering above the $60K handle for a great majority of the last 28 days, the network’s hashrate has jumped considerably during that time as well. Since August 13, Bitcoin’s hashrate has climbed 42% from 110 exahash per second (EH/s) to today’s 157 EH/s....
China’s Real Estate Giant Evergrande Narrowly Dodges Default for Third Time in 30 Days
11.11.2021
In mid-September China’s Evergrande Group, the country’s second-largest property developer by sales, sparked fear in the global economy as the company’s market valuation plummeted to an 11-year low. Global economists have warned that if Evergrande defaults on its debts,...
Hong Kong firm to offer insurance for Asian cryptocurrency holdings
11.11.2021
Insurance and risk management for digital assets will increase investor confidence, said OneDegree
Chinese retail giant JD accepts digital yuan payments for Singles Day
11.11.2021
Some 450,000 JD.com customers have used China’s digital yuan for payments as of June 2021
Huobi to halt services in Singapore after China exit
10.11.2021
All Huobi clients in Singapore should close active positions and withdraw their digital assets before March 31, 2022
PBoC governor says digital yuan to be more privacy-enhanced than payment apps
9.11.2021
Making the e-CNY more privacy-orientated aside, the PBoC already has ambitions to bring the CBDC onto the world stage
Users of BitMart From Mainland China to Be Excluded
9.11.2021
Bitmart has to stop accepting registrations of new accounts or users in Mainland China to be able to comply with the local laws and policies implemented. Bitmart has decided to stop serving its users residing in Mainland China from the start of 30th November 2021. To comply with the transition...
Huobi Group is moving to Gibraltar following China crackdown
8.11.2021
Huobi Gibraltar has already secured the necessary licenses from local authorities
China’s Digital Currency Used in Transactions Worth $10 Billion, 140 Million People Have Digital Yuan Wallets
7.11.2021
China’s central bank digital currency (CBDC), the digital yuan, has been used in transactions worth nearly $10 billion, according to an official with the Chinese central bank, the People’s Bank of China (PBOC). In addition, the government digital wallet has been downloaded by about...
Over 140 million people have digital yuan accounts, says PBoC head
3.11.2021
China’s CBDC hit 62 billion yuan in total transactions processed, according to PBoC’s digital currency head
Crypto Network Hashrates Recover From Summer Slump — Ethereum’s Hashrate Captures All-Time High
2.11.2021
On November 2, 2021, the Ethereum network’s global hashrate tapped an all-time high (ATH) at 873 terahash per second (TH/s) or close to 1 petahash. Alongside Ethereum’s ATH, a myriad of hashrates have returned back to the highs the network’s once held before the crypto mining...
Paraguay Eyed as New Bitcoin Mining Destination
2.11.2021
Paraguay is one of the destinations being considered by various companies for setting up their bitcoin mining operations. Last week, Chinese company Future Fintech announced formal plans to build a bitcoin mining facility in the country, explaining they were determining the best location for...
Fortnite Is Shutting Down Its Service In China
1.11.2021
The official site for Fortnite China has announced that on November 15 of this year, the game’s service will end for the country. Read more
Huobi closes crypto derivatives as part of wind-down for Chinese traders
29.10.2021
By shutting down derivatives trading on Huobi, the company takes one more step toward closing its operations in China
New Bitcoin hash rate highs remove any trace of China mining ban
28.10.2021
China's exit from Bitcoin mining is now all but unnoticeable as network fundamentals take care of their own recovery
Beijing Presses Fast-Food Chain McDonald’s to Support Digital Yuan — China’s CBDC Expected to Launch in February
24.10.2021
According to a recent report, Beijing is pressing the fast-food retail chain McDonald’s to support the digital yuan before the Winter Olympics in China scheduled for February 2022. The report notes that China is also pushing companies like Visa and Nike to join in on the central bank digital...
The Crypto Cat Is Out of the Bag, but Can We Still See More China-Like Bans?
24.10.2021
A regulatory reckoning is coming for crypto. While the likes of the United States and the EU are lining up legislation, other nations such as China and Turkey are implementing various bans for the crypto industry, raising the question of whether others may follow suit....
Read More: The Crypto...
China’s state planning agency calls for public opinion on Bitcoin mining ban
21.10.2021
The move could signal plans by Chinese authorities to amend its previous negative stance on Bitcoin and cryptocurrency mining activities
Blockchain Game Developer Animoca Brands Raises $65 Million – Ubisoft, Sequoia China Participate in Funding
21.10.2021
On Wednesday, the global developer utilizing popular brands, gamification, A.I., blockchain, non-fungible tokens (NFTs), and mobile technology, Animoca Brands announced the company has closed a capital raise for $65 million. Animoca Brands now has an overall valuation of $2.2 billion after raising...
Chinese e-commerce giant JD.com drops NFT series on its own blockchain
20.10.2021
JD.com implements its own blockchain to issue free NFTs to attendees of its annual JD Discovery conference