Tag: china

Jul 20 2021

China Bitcoin Mining Ban – Winners and Losers

Jul 20 2021 Published at FullyCrypto under tags  bitcoin bitcoin news china mining

Reading Time: 3 minutes The Bitcoin mining ban by the Chinese government had led to victory for some and disaster for others Countries like America and Kazakhstan have profited, while Bitcoin itself has suffered Who are the big winners and losers from China’s Bitcoin...

Digital Yuan Concerns for U.S. Olympic Athletes

Reading Time: 2 minutes Three U.S. lawmakers have written to the U.S. Olympic and Paralympic Committee to request that athletes do not use the digital yuan at the 2022 Winter Olympics in Beijing The senators are concerned about the tracking powers of the new currency...

Why A Group of U.S. Senators Oppose Use of Digital Yuan in Beijing Winter Olympics

Jul 20 2021 Published at Bitcoinist.com under tags  cbdc china digital yuan u.s.

China’s central bank digital currency, the digital Yuan or e-CNY, is well on its way for full implementation. The People’s Bank of China (PBoC) release a Whitepaper with details on their CBDCs for the first time since the project was made public. As the document...

Jul 19 2021

Kazakhstan Picks Up the Bitcoin Mining Slack From China

Reading Time: 2 minutes Kazakhstan has taken in many of the exiled Bitcoin mining firms from China following the well-publicized ban Kazakhstan’s hashrate share has risen almost sixfold in under two years Much of Kazakhstan’s power comes from coal-fired power stations...

Jul 16 2021

How China’s CBDC Will Integrate Smart Contracts, Latest Progress Revealed

Jul 16 2021 Published at Bitcoinist.com under tags  altcoin news cbdc china ecny

China’s central bank digital currency (CBDC) is moving fast towards its deployment. For the first time since the project was launched over 7 years ago, the People’s Bank of China (PBoC) has...

Jul 15 2021

Bitcoin Is Absurd, Part II: Struggles For Satoshi

Jul 15 2021 Published at Bitcoin Magazine under tags  china communism culture ideas mining

The recent Chinese crackdown on bitcoin mining is confusing, but not incongruent with their ideology.Right now Bitcoin is experiencing a gigantic drop in hashrate due to the Chinese Communist Party (...

Jul 14 2021

Yet Another Crackdown On Bitcoin Mining: China’s Anhui Province To Shutdown Crypto Miners

China's Anhui province has announced that Bitcoin mining in the area will be shutdown, as the country's crackdowns on crypto miners continue. China's Anhui Province Plans To Crackdown On Crypto Miners As per a Bloomberg report,...

North American Miners Are Emerging As Big Winners

China's crackdown on bitcoin mining has demonstrably benefited North American firms.The below is an excerpt from a recent edition of the Deep Dive, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now.Much has been...

Anhui Joins Growing List of Chinese Provinces to Ban Bitcoin Mining

The Eastern Chinese province of Anhui has become the latest region in the country to impose a complete ban on Bitcoin mining activities owing to power shortage. The officials said it would help them in easing up acute power shortage issues for the next three years. The number of Bitcoin and crypto mining farms in The post Anhui Joins Growing List of Chinese...

Jul 13 2021

BIT Raises $50 Million To Help Bitcoin Mining Expansion Out Of China

BIT Mining announced a raise of around $50 million for the company to expand and move its operations out of China.BIT Mining, a bitcoin mining company and owner of the BTC.com mining pool, has announced that it has reached securities purchase agreements with select investors to raise $50...

Jul 12 2021

Bitcoin Has Been Profitable For 96% Of Its Life

Bitcoin has been lower than the approximate current price of $34,000 for a whopping 96% of its life.Last Week In Bitcoin is a series discussing the events of the previous week that occurred in the Bitcoin industry, covering all the important news and analysis.SummaryAs more and more institutional investors jump aboard and more countries signal their intent to pursue bitcoin...

Jul 11 2021

China Gives Out $40 Million Of Digital Yuan In Red Envelopes To Boost Adoption

Jul 11 2021 Published at Bitcoinist.com under tags  cbdc china digital yuan

China, which has the world's most advanced digital currency initiative, has distributed more than $40 million in red envelopes containing digital yuan thus far. The CBDC's promotional effort is now focusing on five main cities, with regional development priorities in mind. Digital Yuan Begins Red Envelope Project The experimental implementation of the digital RMB, the central bank digital currency (CBDC) issued by the...

Jul 10 2021

Jul 08 2021

Chinese crypto crackdown may extend to Stablecoin after butchering Bitcoin

Jul 08 2021 Published at Coingape under tags  bitcoin bitcoin news btcbrl btcbusd btcdai

Fan Yifei, Deputy Governor of the People's Bank of China mentioned the speculative nature of both Bitcoin and Stablecoins, at the State Council policy briefing this morning. He said bitcoin and stablecoins are a potential threat to the state’s financial security and social stability, as the decentralized digital currency has become a gateway to money The post Chinese crypto crackdown may extend to...

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