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China Calls Bitcoin and Stablecoins ‘Investment Alternatives’ for the First Time Since Crypto Crackdown
20.4.2021
After the well-known crypto crackdown launched by the Chinese government four years ago, it seems there is now a change in the tone from the country’s central bank. At least that’s what has been suggested recently by the deputy governor of the People’s Bank of China (PBoC)....
Chinese Central Bank Calls Bitcoin an ‘Investment Alternative’
19.4.2021
China may be softening its tone on cryptoassets, almost four years after it exacted a crackdown on bitcoin (BTC), altcoins and crypto exchanges, with encouraging remarks from Li Bo, the new deputy governor of the central People’s Bank of China (PBoC).
Li Bo was quoted by multiple media outlets...
Did a massive Chinese power outage cause Bitcoin’s crash down to $50k?
19.4.2021
On-chain analyst Willy Woo argues a massive power outage in Chinese mining hub Xinjiang drove Bitcoin’s violent crash down to $50,000
Chinese mining pools’ hash power plummets amid regional blackouts
16.4.2021
Blackouts for safety inspections in China’s Xinjiang region have significantly impacted the hash rate of many top Chinese Bitcoin mining pools
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
27 Movies to Stream When You Need a Good Cry
12.4.2021
The past year has inundated us with so many horrors—untold lives needlessly lost to a virus allowed to proliferate unchecked, so many others forever damaged by the ongoing pandemic of racism, not to mention the ever-present specters of economic uncertainty and looming climate disaster—I won’t fault...
Tattoos Removed For Anime's Chinese Release
12.4.2021
In the anime The Way of the Househusband, the main character, former yakuza boss Tatsu, is covered in tattoos. But for Chinese release, all that ink has been removed.Read more
Bitcoin Bull Mike Novogratz Warns of ‘Existential Crisis’ if the US Fails to Create Digital Dollar
12.4.2021
Mike Novogratz, the CEO of Galaxy Digital and bitcoin bull has warned that the United States’ failure to have its own digital currency could be an “existential crisis.” However, the CEO says the country’s fate is still in its hands. Novogratz made these comments a few days...
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...
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...
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
Chinese Lottery Firm Rebrands, Purchases Bitcoin Mining Rig Manufacturer for $100 Million
8.4.2021
Following the acquisition of the Chinese mining pool Btc.com, the China-based lottery company 500.com revealed the purchase of a bitcoin mining rig manufacturer Bee Computing. The Shenzhen firm purchased the semiconductor and mining device manufacturer for roughly $100 million in a share exchange...
Bitcoin Mining Difficulty Sets New Records, BTC Miners Capture $1.5 Billion in Revenue Last Month
3.4.2021
On Friday, April 2, 2021, Bitcoin’s mining difficulty is the highest it has even been in its lifetime but bitcoin miners still captured record revenues last month raking in $1.5 billion in coinbase rewards and transaction fees. Today, the blockchain’s hashrate is around 160 exahash...
Immortals' New DLC Taught Me A Lot About Chinese Mythology
26.3.2021
It’s probably fair to say most DLC isn’t that great or memorable. That was the case with the first download for Immortals Fenyx Rising, which added a bunch of new puzzles and not much else. However, the game’s second DLC, Myths of the Eastern Realms, is a rare example of good downloadable content....
Chinese Citizens Can Now Apply for the Digital Yuan Wallet Through 6 State-Owned Banks
26.3.2021
Following the interview with Ma Changchun, the head of the People’s Bank of China-run Digital Currency Research Institute, a recent report indicates that residents from Beijing and Shanghai can now apply for a digital yuan wallet. According to the report, six different Chinese banks will...
Digital Yuan Won’t Be Fully Anonymous but Offers ‘Controllable’ Privacy Protection, Says Official
24.3.2021
Privacy has been a discussion that has not gone unnoticed when it comes to the forthcoming launch of the digital yuan. The head of the People’s Bank of China-run Digital Currency Research Institute had firmly pointed out that anonymity cannot be guaranteed at all. Feature Seeks to Avoid...
BitMax Relaunches as AscendEx
23.3.2021
PRESS RELEASE. BitMax.io, a leading crypto and digital asset trading platform serving professional and retail traders, has announced that it has relaunched as AscendEx in the English-speaking world, and “Dingfeng” to Chinese speakers. Originally launched in 2018, the trading venue...
Shenzhen-listed ICT Company Plans to Invest $155 Million in Microbt Bitcoin Mining Hardware
20.3.2021
A Shenzhen-listed information and communications technology (ICT) company ZJBC has plans to invest in the bitcoin mining sector according to a recent announcement. ZJBC says that it aims to spend up to $155 million on Microbt manufactured ASIC mining rigs. Chinese ICT Firm ZJBC to Invest $155...
Chinese Tech Giants Pay Big for Blockchain Talent in Crowded Field
20.3.2021
China’s blockchain specialist shortfall could be exacerbated for smaller companies by the fact that the nation’s leading tech giants, such as Tencent and Baidu, are offering higher salaries in a bid to recruit the cream of the experienced worker crop as competition hots up.
Blockchain was recently...
Chinese Public Company Meitu Buys More Bitcoin — Treasury Now Holds $90 Million in Cryptocurrencies
19.3.2021
One of China’s top internet app makers, Meitu Inc., has purchased more bitcoin for its treasury. The company now holds about $90 million in cryptocurrencies. Meitu is listed on the Hong Kong stock exchange and its flagship app has more than 1 billion users worldwide. Chinese Publicly Traded...