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Tencent's Buying Spree Continues With Majority Stake In Battlerite developer Stunlock Studios
20.7.2021
Yesterday, Kotaku reported that Tencent wants to buy British game maker Sumo Group for an eye-watering $1.3 billion. Today, we’re reporting that the Chinese conglomerate acquired a majority stake in Stunlock Studios.Based in Sweden, Stunlock Studios is best known for free-to-play Battlerite, which...
Institutional demand for Bitcoin evaporates as BTC struggles below $31K
20.7.2021
A lack of institutional demand and several bearish factors are complicating all efforts to pull Bitcoin price back above the $31,000 level
US lawmakers don't want Olympic athletes to use digital yuan at 2022 games
19.7.2021
The trio urged the Olympic committee to work with federal agencies "to protect the privacy of American athletes from the Chinese Communist Government."
'Unprecedented' Alliance Against China, Crypto Investment Flows + More News
19.7.2021
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Politics news
"An unprecedented group" of allies and partners – including the European Union, the United Kingdom, and NATO –...
China is pumping money out of the US with Bitcoin
19.7.2021
Chinese authorities seem to be putting things in order rather than declaring war on crypto, aiming to further weaken the U.S. economy
South China Morning Post to tokenize 118-year-old archive with NFTs
19.7.2021
Hong Kong landmarks like the Kowloon Walled City will be tokenized and showcased in The Sandbox Ethereum-based metaverse
Bitcoin mining difficulty drops for fourth time in a row
19.7.2021
Bitcoin mining difficulty has posted another negative adjustment on Sunday, with the difficulty rate almost halving since mid-May
Tencent Buys Sumo Group For $1.3 Billion
19.7.2021
British company Sumo Group, whose various studios have worked on everything from Hitman to Forza to Disney Infinity, has been bought by Chinese giant Tencent for a whopping $1.3 billion, Reuters report.Read more
Fed and Yale researchers lay out 2 regulatory frameworks for stablecoins
19.7.2021
Yale Professor Gary B. Gorton and Jeffery Zhang of the Board of Governors of the Federal Reserve System have co-authored a 49-page paper called, “Taming Wildcat Stablecoins.”
Four North American Bitcoin miners that could benefit from the East-West shift
18.7.2021
With China seemingly out of the equation, North American Bitcoin miners are looking to exert hash rate dominance
On the fence: If this is a crypto bear market, how long can it last?
17.7.2021
Is a bullish reversal incoming, or is crypto starting a bear market? It’s not clear where the markets will go, so let’s weigh the facts
China Reveals Digital Yuan White Paper: Smart Contracts, $5.4B Settled, Large Transfers Traced
16.7.2021
The working group involved with the research and development of the digital yuan for the People’s Bank of China (PBOC) has published a paper describing the digital currency’s progress. The PBOC initiated a task force dedicated to the creation of a digital yuan in 2014, and the recently...
New project aims to bring global crypto miners to Russia
16.7.2021
Russian crypto advocates are already collaborating with a consortium including some of China’s largest crypto mining-related companies
China's central bank says crypto gave impetus to the creation of its CBDC
16.7.2021
A working paper released in English by the People's Bank of China cites cryptocurrencies as an important context for the digital yuan's development and reveals that the digital currency will use smart contracts to allow for programmability
China Releases e-CNY Whitepaper, Says Cryptos Have No Value & Pose Risks
16.7.2021
The central People’s Bank of China (PBoC) released a digital yuan, e-CNY, whitepaper, in order to "explain the background, objectives, and visions" and to "seek public comments."
"E-CNY is the digital version of fiat currency issued by PBoC and operated by authorized...
Shanghai Man: Crypto media closes, bad news just repeats, mining laws are beneficial?
16.7.2021
With government officials trying to clean up the image of China prior to the start of the Winter Games, miners are leaving in droves and media group Bishijie has been forced to close down
Financial Report Shows Bit Digital Is Transferring 14,500 Bitcoin Miners From China to the US
15.7.2021
Following the bitcoin mining crackdown in China, the Nasdaq-listed firm Bit Digital published a second-quarter bitcoin production and mining operations update and noted the company is moving 14,500 bitcoin miners from China to the United States. Bit Digital says after the Chinese government’s...
University of Cambridge Bitcoin Mining Map Shows China’s Hashrate Dropped to 46%
15.7.2021
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...
China’s crypto industry is gone? Beijing’s crackdown keeps sending shockwaves
15.7.2021
The Chinese government’s ongoing crusade against cryptocurrencies might have dramatic consequences for both domestic and global crypto traders
China’s Bitcoin hash power fell before the crackdown: Cambridge data
15.7.2021
Cambridge research shows that China’s Bitcoin mining power fell by 40% before the crackdown, while the United States’ hash power has quadrupled