Category: China
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China’s UnionPay and Korea’s Danal to launch crypto-supporting digital card
The new card will support crypto payments using Paycoin at over 30 million UnionPay merchants.
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How Do Seasonal Fluctuations Really Affect Bitcoin Mining?
There has been much ado made recently over supposed seasonal mining fluctuations on the Bitcoin network. The narrative goes that, as the rainy season in China comes to a halt around the August to October timeframe each year, cheap and abundant hydroelectricity dries up. This forces many inefficient late-model miners to shut off or move…
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China’s digital yuan is ‘a long way’ from beating USD says financial firm exec
Sounds like its CBDC is unlikely to dethrone the United States dollar as the world’s reserve currency anytime soon.
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Bitcoin slides 3% as Hong Kong seeks to end ‘honeymoon’ with crypto exchanges
The price of Bitcoin fell by 3% so far this week amid growing regulatory pressure on cryptocurrency exchanges in China and Hong Kong.
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China’s digital yuan pilots have processed $300M so far, says PBoC head
China’s digital yuan pilot program is picking up speed.
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The company that coined the term ‘hash rate’ is not concerned about its recent decline
Bitcoin’s hash rate is down on the year, though the price remains largely unaffected.