China, News Sichuan stops supplying power to BTC mining farms; Hashrate falls by 17% June 21, 2021 Bitcoin’s hashrate has plunged by 16.94% over the past 24 hours after the Chinese province of Sichuan directed energy companies… Read More
China, Mining, News Sichuan Mining Farms Begin to Shut Down — Seven-Day Stats Show Bitcoin’s Hashrate Plummeting June 20, 2021 The hashrate of the Bitcoin network has been steadily falling since June 14 and after Sichuan miners were told to… Read More
China, News Over 3,000 ATMs in Beijing Offer Digital Yuan Withdrawals June 19, 2021 Leading Chinese banks have introduced digital yuan withdrawals at more than 3,000 ATM locations in Beijing. Residents of the capital… Read More
China, News Why China’s Crackdown On Bitcoin May Be Just Beginning June 19, 2021 Bitcoin mining activities might be coming to an end as the industry is used to knowing them. The Asian giant… Read More
China, News China Arrests 1,100 People Allegedly Using Cryptocurrency to Launder Criminal Proceeds June 10, 2021 Chinese authorities have announced that more than 170 criminal gangs have been eliminated and over 1,100 suspects arrested in the… Read More
China, News Hong Kong to Connect Digital Yuan With Domestic Payments System in Cross-Border Trials June 10, 2021 Financial authorities in Hong Kong have announced a second phase of trials for mainland China’s digital currency. As part of… Read More
China, Mining, News While China’s Bitcoin Miners Flock to Central Asia Canaan Sets up ASIC Mining Rig Service in Kazakhstan June 7, 2021 On Monday, the application-specific integrated circuit (ASIC) manufacturer Canaan Inc. announced the company has established an overseas after-sales center in… Read More
China, News Weibo Cracks Down Crypto Related Accounts as China Strengthens Its Anti Crypto Stance June 7, 2021 Sina Weibo, the Chinese equivalent of Twitter, banned the accounts of several key cryptocurrency and defi influencers in the country… Read More
China, News Shanghai to Hand Out $3 Million in Digital Yuan Lottery June 6, 2021 As part of government efforts to get the digital yuan going, authorities in Shanghai will distribute $3 million worth of… Read More
China, Ethereum, News How Ethereum Could Power A CBDC, According To A Chinese Goverment Official May 31, 2021 Yao Qian, a member of The China Securities Regulatory Commission, presented a case where a possible Digital U.S. dollar and… Read More