Category: China
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Central Bank Digital Currencies and Their Role in the Financial System
What are CBDCs and the risks they possess, and how might they reshape our economies?
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Bitcoin Macro Trend Unaffected by Chinese Investors’ $50B Tether Exodus
Bitcoin’s macro bullish trend remains intact even after data show Chinese investors moved $50 billion in crypto to overseas addresses in the past 12 months.
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Tether Could Be Enabling Capital Flight From China, Says Chainalysis
The East Asia crypto market has reacted fast to news of Beijing’s national digital currency and regional economic tumult.
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Hunan’s Government Has Chosen a Company to Build New Blockchain Infrastructure for the Region
Local government in China endorsed a public Blockchain infrastructure project.
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China’s Bitcoin Mining Industry Impacted the Most This Year, Says Report
The researchers and analysts from Tokeninsight published it’s “2020 Q2 Cryptocurrency Mining Industry Report” which shows the industry has grown exponentially during the last six months. The findings indicate cryptocurrency mining has expanded a great deal but China’s bitcoin mines “suffered a great impact” in H1. Tokeninsight published its “2020 Q2 Cryptocurrency Mining Industry Report”…
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Chinese Iron Importers Favor Crypto Over US Dollars
Chinese iron ore importers want to adopt the digital yuan to make transactions less dependent on American currency.
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Excessive Flooding in Sichuan Causes 20% Hashrate Losses for Chinese Bitcoin Miners
Torrential downpours of nonstop rain have been wreaking havoc in China’s Sichuan province, which has caused some operations to shut down ASIC mining devices. Reports from the region show that certain areas have seen electrical shortages and the aftermath is causing quite a bit of stress for Chinese bitcoin miners. Not too long ago, news.Bitcoin.com…
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Sichuan Officials Continue to Foster the Relationship Between Bitcoin Mining and Hydropower
The province of Sichuan is well known for being one of the largest concentrations of bitcoin miners on earth because electrical costs are extremely cheap in the region. Data shows that miners using hydropower in Sichuan are paying between 0.065-0.075 yuan or $0.01 per kilowatt-hour. According to regional reports, a number of enterprises that mine…
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Huobi Launches Global DeFi Alliance To Merge East and West
Can teamwork bring together the fragmented crypto space?