Category: China

Bitcoin Miners Strain Under Semiconductor Supply Crunch, Second-Hand Mining Rig Prices Soar

Bitcoin mining rig manufacturers are dealing with a semiconductor supply crunch according to regional reports stemming from China. There’s been a global semiconductor supply shortage and it’s affecting nearly every type of business in the supply chain that manufactures cars, PCs, laptops, smartphones, and cryptocurrency mining devices. Moreover, the recent shortage has invoked the demand…

January 29, 2021
All Over the World, Small Investors Jump Into the GameStop Frenzy

The world is watching U.S. markets with great interest, and more than a little FOMO, as Reddit investors continue to test their might against Wall Street. It all started when retail investors on the Reddit community wallstreetbets began pumping the price of U.S. video game retailer GameStop’s (GME) stock to counter Wall Street hedge funds…

January 29, 2021
Ripple demands to know why Ether isn’t a security as XRP defense gets desperate

Ripple has filed a Freedom of Information Act request with the SEC which targets documents pertaining to Ethereum co-founders

January 29, 2021
After GME, Dogecoin and Bitcoin, Chinese Traders Are Betting What Will Pump Next

For Chinese investors, including Justin Sun, FOMO has surpassed fear of losing money.

January 29, 2021
‘The 4 Wars We Could Fight With China,’ Feat. Kyle Bass

One of investing’s loudest critics of China shares his assessment of where the U.S. political and business relationship with the country is headed.

January 26, 2021
Bitmain CEO announces departure in the most crypto way

“I have resigned from the CEO and Chairman of Bitmain as of today,” said Jihan Wu.

January 26, 2021
Bitmain Co-Founder Exits, Resolving Years-Long Power Struggle as Mining Firm Preps IPO

Bitmain co-founder Jihan Wu is stepping down from his role as part of a settlement.

January 26, 2021
Ethereum-Based ConsenSys Quorum Partners with China’s BSN Blockchain

The first partnership for Quorum since leaving JPMorgan is a big one.

January 25, 2021
ConsenSys partners with China’s Blockchain-based Service Network

ConsenSys has partnered with China’s Blockchain-based Service Network to accelerate the enterprise adoption of Ethereum apps in China.

January 25, 2021
Beijing, Shanghai to Join Wider Testing of Digital Yuan in 2021

The wider effort to promote the digital currency precedes a launch in the “near future,” per a state media report.

January 24, 2021