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Bitcoin Hashrate Drops After China Coal Mine Explosion; Difficulty at ATH
16.4.2021
A coal mine explosion in Xinjiang, an autonomous region of China, may have led to a Bitcoin (BTC) hashrate drop at a time when Bitcoin mining difficulty went for a new all-time high.
Primitive Ventures co-founder Dovey Wan said that there was a coal mine explosion in northwest China's Xinjiang...
Our Man in Shanghai: Coinbase listing scorned, graphics cards seized, nostalgia coins rule
16.4.2021
Coinbase and cryptocurrencies viewed cynically on Chinese social media, and news of a large mining GPU smuggling bust in Hong Kong
Chinese investors reboot Iranian Bitcoin mining facility
15.4.2021
A Chinese-Iranian Bitcoin mining facility is set to resume operations after being forced to shut down earlier in the year
Macau poised to amend laws to enable digital yuan trials
15.4.2021
Macau’s government is taking steps towards introducing a digital currency to combat tax evasion and money laundering in the gambling hub
Bitcoin power consumption ‘66 times higher than in 2015’: Citigroup
15.4.2021
However energy consumption has not matched the 170X price increase over the same period
Overwatch League Live Games Are Back, But Only In China
14.4.2021
Overwatch League Homestands are back, kinda. Today, the Overwatch League announced Homestands—live match events—will be returning during the 2021 season, but only in China.Read more
North American crypto miners prepare to challenge China’s dominance
13.4.2021
US Government Concerned China’s Digital Yuan Could Threaten Dollar as the World’s Dominant Reserve Currency
13.4.2021
The U.S. government is reportedly concerned that China’s digital yuan could threaten the U.S. dollar’s status as the world’s dominant reserve currency. Officials at the Treasury, State Department, Pentagon, and National Security Council are increasing their efforts to understand...
China’s PBOC Tests CBDC in Hainan; Biden Team Wary
13.4.2021
The People’s Bank of China has initiated the highly-anticipated Central Bank Digital Currency (CBDC) pilot trials in the Hainan Province following tests in other regions of the country. The tests will last from April 12 to April 25, 2021. The government officials of Sansha City, along with staff...
Blockchain provides major boost to speed of China-Europe rail trade
12.4.2021
Rail cargos from China to Europe can now be delivered in days instead of months, after a new blockchain system was installed at a major Chinese rail port
Crypto Long & Short: Peter Thiel Defines Bitcoin’s Accidental Role in Global Politics
11.4.2021
Thiel's comments about China “weaponizing” bitcoin to hurt the U.S. are a warning about the cost of inaction
How the digital yuan stablecoin impacts crypto in China: Experts answer
10.4.2021
Here’s what crypto and blockchain industry experts from China think about the digital yuan and how it has affected the blockchain space
Online Game Operator The9 Plans to Purchase 2,000 Bitcoin Miners for Over $6 Million
10.4.2021
The Shanghai-based online game operator, The9 Limited, has revealed the company is planning to acquire 2,000 Canaan Avalonminers for over $6 million in a stock deal. The9’s binding memorandum of understanding (MOU) explains that the new units will give the company 0.1 exahash of bitcoin...
Texas Bitcoin Mining Swells- Riot Purchases Mining Site for $650M, Blockcap Establishes HQ in Austin
10.4.2021
The Lone Star State of Texas is solidifying its role as a bitcoin mining and blockchain hub. This week two major bitcoin mining companies established operations in Texas. The company Riot Blockchain purchased a mining site in Rockdale and the bitcoin mining firm Blockcap announced establishing...
Chinese Tech Firm Meitu Buys 175 Bitcoin, Treasury Now Holds $100 Million Worth in BTC and ETH
9.4.2021
The China-based smartphone and internet app maker Meitu has announced the acquisition of $10 million worth of bitcoin for its treasury after the firm purchased digital assets two times prior last month. The company’s cryptocurrency holdings now stack up to $100 million worth of ethereum...
Ebang refutes Bitcoin ‘China Hustle’ claims as share price falls 20%
9.4.2021
A NASDAQ traded Chinese Bitcoin mining firm has seen its shares fall 20% after a damning short report unveiled some alleged dodgy dealings
Meitu now holds $100 million in BTC and Ether after latest Bitcoin purchase
9.4.2021
The tech company has been on a buying spree of late, racking up $100 million worth of Bitcoin and Ether
Paypal Cofounder Peter Thiel Thinks China Is Using Bitcoin as Financial Weapon Against the US
9.4.2021
According to Paypal cofounder Peter Thiel, the Chinese government, which detests the U.S. dollar’s reserve currency status, could be using bitcoin as a financial weapon against the U.S. While he concedes that China has no intentions of making the yuan renminbi a reserve currency, Thiel still...
Our Man in Shanghai: Scandal as $45M of stolen government funds lost using 100X leverage
9.4.2021
The Chief Marketing Officer a blockchain security company has been charged with embezzlement; Peter Thiel calls Bitcoin a 'weapon' of China (but no one cares), and CZ’s net worth rises to $1.9 billion
US must embrace Bitcoin to counter Chinese 'financial attack' — Pomp
8.4.2021
Bitcoin, like the internet, can be used in ways which could compromise U.S. prowess without suitable allowances from lawmakers