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Top Articles from Nivesh
uniswap pump dfi
Altcoin News
uniswap pump dfi
Altcoin News

Little Known DeFi Token OverTakes MakerDAO in MCap, Is YFI Next?

UMA, a platform for creating synthetic financial contracts is quickly rising up the ranks as it’s governance token takes on MakerDAO (a leader before May) in market capitalization. A close second to MakerDAO is yearn.finance’s $YFI token; which is only short $4 million in total market capitalization compared to MakerDAO.  UMA enables synthetic derivative contracts

UMA, a platform for creating synthetic financial contracts is quickly rising up the ranks as it’s governance token takes on MakerDAO (a leader before May) in market capitalization. A close second to MakerDAO is yearn.finance’s $YFI token; which is only short $4 million in total market capitalization compared to MakerDAO.  UMA enables synthetic derivative contracts

bitcoin mining in china
Bitcoin News
bitcoin mining in china
Bitcoin News

Bitcoin Mining Expert On the Impact of New Gov. Restrictions in China

Reportedly, about 21 mining farms running a 2000 MW mining unit in the Inner Mongolian region in China are getting affected by restrictions from the local government. We interviewed with Thomas Heller, a mining expert formally the Global Business Director at F2Pool, now working with HASHR8, to study the effect of the clampdown on the

Reportedly, about 21 mining farms running a 2000 MW mining unit in the Inner Mongolian region in China are getting affected by restrictions from the local government. We interviewed with Thomas Heller, a mining expert formally the Global Business Director at F2Pool, now working with HASHR8, to study the effect of the clampdown on the

us bank charter stablecoin disruptor
Bitcoin News
us bank charter stablecoin disruptor
Bitcoin News

Tether Flips Bitcoin [BTC] as the Medium of Transfer with a Capital Flight to Stablecoins

After Ethereum’s rising fees due to DeFi boom, now Tether surpasses the 7-day average adjusted transfer value on Bitcoin. Another report by Chainalysis on the east Asian markets shows considerable institutional interest in cryptocurrencies.  As reported earlier on CoinGape, stablecoins and Ethereum have come at par with (even surpassed) Bitcoin [BTC] in terms of volume of

After Ethereum’s rising fees due to DeFi boom, now Tether surpasses the 7-day average adjusted transfer value on Bitcoin. Another report by Chainalysis on the east Asian markets shows considerable institutional interest in cryptocurrencies.  As reported earlier on CoinGape, stablecoins and Ethereum have come at par with (even surpassed) Bitcoin [BTC] in terms of volume of

China Blockchain Fund
Bitcoin News
China Blockchain Fund
Bitcoin News

Chinese Govt. to Promote Digital Currency [DCEP] at Winter Olympics

While the west is busy with yield farming and worries over devaluation of US Dollar, the Chinese Govt. is strongly propagating their digital Renminbi. An announcement in the People’s Daily notes the plans  for expansion of the pilot program across China.  As reported ealier, the pilot program has begun in various regions in participation with

While the west is busy with yield farming and worries over devaluation of US Dollar, the Chinese Govt. is strongly propagating their digital Renminbi. An announcement in the People’s Daily notes the plans  for expansion of the pilot program across China.  As reported ealier, the pilot program has begun in various regions in participation with

Bitcoin News
Bitcoin News

PlusToken: Biggest Cryptocurrency Scam or Bitcoin Bear Trap?

Since the second half of 2019, we witnessed a bear market in crypto markets attributing to the sell-off by PlusToken scammers. The beginning of the scam dates back to 2018. Now, it seems to have come to a very “convenient end.” History of the Scam The basic design PlusToken was a Ponzi scam offering high

Since the second half of 2019, we witnessed a bear market in crypto markets attributing to the sell-off by PlusToken scammers. The beginning of the scam dates back to 2018. Now, it seems to have come to a very “convenient end.” History of the Scam The basic design PlusToken was a Ponzi scam offering high

crypto tether china
News
crypto tether china
News

Chinese Authorities Unearth $3 Billion PlusToken Ponzi Scheme

PlusToken’s Ponzi scheme was finally taken down by the Chinese authorities after the Ministry of Public Security arrested over 27 suspects associated with the system.  Chinese Authorities Arrest 109 Suspects The crypto industry started off with just one asset and went on to add thousands of others. As the rate of adoption and the value

PlusToken’s Ponzi scheme was finally taken down by the Chinese authorities after the Ministry of Public Security arrested over 27 suspects associated with the system.  Chinese Authorities Arrest 109 Suspects The crypto industry started off with just one asset and went on to add thousands of others. As the rate of adoption and the value

Altcoin News
Altcoin News

China Begins to FOMO into the DeFi Space with Customization: Analyst

The crypto market is witnessing a massive bull run initiated by the growth of the DeFi space. While the surge spilt positive liquidity in altcoins as well, the gains in non-DeFi tokens have been minuscule. Moreover, the rise is not going unnoticed within the Chinese crypto community as well as they are beginning to FOMO

The crypto market is witnessing a massive bull run initiated by the growth of the DeFi space. While the surge spilt positive liquidity in altcoins as well, the gains in non-DeFi tokens have been minuscule. Moreover, the rise is not going unnoticed within the Chinese crypto community as well as they are beginning to FOMO

News
News

US Behind In The CBDC Game? Former CTFC Chairman Discusses Importance Of Digital Dollar

China is well ahead in the development of the CBDC, while other countries are catching up, the United States is still the nascent stages of developing the digital dollar. However, the former Chairman of the CTFC recently urged the government to probe the matter.  “Future-Proof The Dollar For A Digital Tomorrow” Cryptocurrencies are mostly decentralized

China is well ahead in the development of the CBDC, while other countries are catching up, the United States is still the nascent stages of developing the digital dollar. However, the former Chairman of the CTFC recently urged the government to probe the matter.  “Future-Proof The Dollar For A Digital Tomorrow” Cryptocurrencies are mostly decentralized

China Blockchain Fund
Bitcoin News
China Blockchain Fund
Bitcoin News

China Publishes Blueprint of a Blockchain Based ‘Programmable Society’

In October 2019, a public speech made by the Chinese President, Xi Xinping, caused a historic pump in Bitcoin. While the effect on Bitcoin’s price or speculations of buyers from China was momentary, the Government has rightfully so embarked upon their blockchain plans. The Central Bank Digital Currency is already live and being tested across multiple

In October 2019, a public speech made by the Chinese President, Xi Xinping, caused a historic pump in Bitcoin. While the effect on Bitcoin’s price or speculations of buyers from China was momentary, the Government has rightfully so embarked upon their blockchain plans. The Central Bank Digital Currency is already live and being tested across multiple

crypto tether china
News
crypto tether china
News

China’s CBDC All Set To Be Tested By Tencent-Backed Food Delivery Giant

China has time and again revealed the progress of its Central Bank Digital Currency [CBDC], the digital yuan. Latest reports suggest that the CBDC is all set to test its real-world use cases. Food delivery giant Meituan Dianping is the latest platform to test the digital yuan.  Food Delivery Giant Meituan Dianping Partners With PBoC The world

China has time and again revealed the progress of its Central Bank Digital Currency [CBDC], the digital yuan. Latest reports suggest that the CBDC is all set to test its real-world use cases. Food delivery giant Meituan Dianping is the latest platform to test the digital yuan.  Food Delivery Giant Meituan Dianping Partners With PBoC The world

Hong Kong Crypto China
News
Hong Kong Crypto China
News

With US Sanctions Likely, A Crypto Settlement Crisis Looms in Hong Kong

The Maintenance of the National Security Law was on June 30, 2020, swiftly passed during the meeting of the 13th NPC Standing Committee effectively “gaging” Hong Kongers. The law comprise three ordinances that make up the city-state’s penal law. The National Security Law Trigger Specifically, the Society’s Ordinance covers elements relating to national security. It

The Maintenance of the National Security Law was on June 30, 2020, swiftly passed during the meeting of the 13th NPC Standing Committee effectively “gaging” Hong Kongers. The law comprise three ordinances that make up the city-state’s penal law. The National Security Law Trigger Specifically, the Society’s Ordinance covers elements relating to national security. It

Canaan Creative ASIC
Bitcoin News
Canaan Creative ASIC
Bitcoin News

Political Fights At Another Leading Bitcoin Miner Manufacturer, Co-founder Leaves Board

Reports from China indicate that senior executives of Canaan creatives, one of leading bitcoin miner manufacturer, have been fired. The purge at Hangzhou offices was instigated by Zhang Nan Geng—the founder. Xiangfu Liu, the co-founder, has also reportedly left the board.  Power Struggle At Bitcoin Miner Manufacturer Canaan The in-fighting–as a Twitter user revealed, stems from

Reports from China indicate that senior executives of Canaan creatives, one of leading bitcoin miner manufacturer, have been fired. The purge at Hangzhou offices was instigated by Zhang Nan Geng—the founder. Xiangfu Liu, the co-founder, has also reportedly left the board.  Power Struggle At Bitcoin Miner Manufacturer Canaan The in-fighting–as a Twitter user revealed, stems from

bitcoin-mining-geo-political-shift
Bitcoin News
bitcoin-mining-geo-political-shift
Bitcoin News

Bitcoin Miners to See a Big Geo-Political Shift from China to N. America, F2Pool

According to the observations made by F2Pool, in the latter half of the year, we could finally witness a more even distribution of total Bitcoin hash rate with the U.S. and Canada looking to compete with China’s dominance. China’s Dominance Developed by the University of Cambridge, the chart below plots the monthly distribution of hashrates

According to the observations made by F2Pool, in the latter half of the year, we could finally witness a more even distribution of total Bitcoin hash rate with the U.S. and Canada looking to compete with China’s dominance. China’s Dominance Developed by the University of Cambridge, the chart below plots the monthly distribution of hashrates

Blockchain China Chainlink
Altcoin News
Blockchain China Chainlink
Altcoin News

China’s National Blockchain Services Network (BSN) Is Integrating Chainlink

In a move that further cements the importance of vetted, real-world data, China’s Blockchain Services Network (BSN) will integrate Chainlink and its vast network of decentralized oracle systems to governments, enterprise and individual decentralized applications (dApps) running on the BSN via the IRITA interchain service hub, as per a press release on June 23, 2020. SNZ Pool,

In a move that further cements the importance of vetted, real-world data, China’s Blockchain Services Network (BSN) will integrate Chainlink and its vast network of decentralized oracle systems to governments, enterprise and individual decentralized applications (dApps) running on the BSN via the IRITA interchain service hub, as per a press release on June 23, 2020. SNZ Pool,

crypto tether china
Blockchain
crypto tether china
Blockchain

China, Brazil Most Likely To Opt For Crypto As Alternative To Fiat

Deloitte’s latest survey suggests that inclination towards the use of blockchain technology as well as cryptocurrencies has witnessed a significant surge over the years. Citizens of China and Brazil consider the replacement of fiat currencies with cryptocurrencies.  Blockchain Tech Garners More Boosters Blockchain technology has garnered many enthusiasts across the world. Several countries, as well

Deloitte’s latest survey suggests that inclination towards the use of blockchain technology as well as cryptocurrencies has witnessed a significant surge over the years. Citizens of China and Brazil consider the replacement of fiat currencies with cryptocurrencies.  Blockchain Tech Garners More Boosters Blockchain technology has garnered many enthusiasts across the world. Several countries, as well

Cryptocurrency Mining
Bitcoin News
Cryptocurrency Mining
Bitcoin News

Bitcoin Miners Bank Cards Frozen By Chinese Authorities In Sichuan

There are fears of “bulk bank cards freezing” that has affected the operation of Bitcoin and crypto miners in the Chinese province of Sichuan according to local media reports. Reports show that several crypto mining and OTC operators’ bank cards were frozen. On follow up they were asked to conclusively verify that their sources of funds

There are fears of “bulk bank cards freezing” that has affected the operation of Bitcoin and crypto miners in the Chinese province of Sichuan according to local media reports. Reports show that several crypto mining and OTC operators’ bank cards were frozen. On follow up they were asked to conclusively verify that their sources of funds

China
Bitcoin News
China
Bitcoin News

Former Chinese Central Bank Official Points Out Bitcoin’s One Key Weakness

Bitcoin is the most successful commercial application of blockchain technology, suggests Wu Xiaoling the previous Deputy Governor of China’s Central Bank. However, she also points out Bitcoin’s weakness as a private currency. “Bitcoin, even as a private currency, has fatal weaknesses” A highly populated country like China, taking a keen interest in cryptocurrencies, has definitely posed as

Bitcoin is the most successful commercial application of blockchain technology, suggests Wu Xiaoling the previous Deputy Governor of China’s Central Bank. However, she also points out Bitcoin’s weakness as a private currency. “Bitcoin, even as a private currency, has fatal weaknesses” A highly populated country like China, taking a keen interest in cryptocurrencies, has definitely posed as

China Blockchain Fund
Blockchain News
China Blockchain Fund
Blockchain News

Is China In Process Of Creating A Specialized Blockchain Fund?

A proposal for the creation of a specialized blockchain fund has been forwarded by Jieqing Tan to the National People’s Congress (NPC) of China. The NPC is the strongest legislative body in the country and should the proposal be accepted, it will spell good news to the blockchain industry in the country. It should be

A proposal for the creation of a specialized blockchain fund has been forwarded by Jieqing Tan to the National People’s Congress (NPC) of China. The NPC is the strongest legislative body in the country and should the proposal be accepted, it will spell good news to the blockchain industry in the country. It should be

bitcoin-exchange-miners
Bitcoin News
bitcoin-exchange-miners
Bitcoin News

Bitcoin Miner Capitulation of the New Gen. Will Begin at This Price: Analyst

The total Bitcoin [BTC] hash-rate has fallen below COVID-19 crash levels, and this time around exit seems to be permanent for the older generation of miners. Nevertheless, there is a silver lining with the rainy season arriving in China. The levels around 85-90 million TH/s marked the bottom in hash-rates during the bear market of

The total Bitcoin [BTC] hash-rate has fallen below COVID-19 crash levels, and this time around exit seems to be permanent for the older generation of miners. Nevertheless, there is a silver lining with the rainy season arriving in China. The levels around 85-90 million TH/s marked the bottom in hash-rates during the bear market of

Bank of Canada (BOC) digital curencies stablecoins
Altcoin News
Bank of Canada (BOC) digital curencies stablecoins
Altcoin News

Will Declining Usage Of Cash Force Bank of Canada (BOC) To Launch Its Own Digital Currency?

There are two scenarios which will force the Bank of Canada (BOC) to issue its own digital currency. First, if cash as we know cannot serve its purpose as a utility, or second, if private digital currencies (stablecoins) become widespread. Given the state of the global economy, the likelihood of the first scenario coming to

There are two scenarios which will force the Bank of Canada (BOC) to issue its own digital currency. First, if cash as we know cannot serve its purpose as a utility, or second, if private digital currencies (stablecoins) become widespread. Given the state of the global economy, the likelihood of the first scenario coming to