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Breaking: Chinese Central Bank Releases White Paper For Digital Yuan (e-CNY)

People’s Bank of China (PBOC), the Chinese central bank today released the white paper for its upcoming digital CNY (DCEP). The central bank also gave an official English name to the digital fiat called e-CNY. China has been at the forefront of CBDC development, having started research and development for the same as early as

People’s Bank of China (PBOC), the Chinese central bank today released the white paper for its upcoming digital CNY (DCEP). The central bank also gave an official English name to the digital fiat called e-CNY. China has been at the forefront of CBDC development, having started research and development for the same as early as

Bitcoin News
Bitcoin News

China Loses Grip on BTC Mining, Kazakhstan Rises Up the Ranks

The Chinese crackdown on crypto mining had a drastic impact on the Bitcoin network’s hashrate input. A recent study conducted by Cambridge Centre for Alternative Finance (CCAF) highlighted that China started seeing a drop in Bitcoin mining share even before the recent crackdown began. As per data, the mining share of China had already fallen

The Chinese crackdown on crypto mining had a drastic impact on the Bitcoin network’s hashrate input. A recent study conducted by Cambridge Centre for Alternative Finance (CCAF) highlighted that China started seeing a drop in Bitcoin mining share even before the recent crackdown began. As per data, the mining share of China had already fallen

Bitcoin News
Bitcoin News

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 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

Bitcoin News
Bitcoin News

Is It Game Over for Tesla In China? Will Tesla Sell Bitcoin [BTC]?

Tesla’s Bitcoin enthusiasm was short-lived as the leading electric car manufacturer suspended the Bitcoin payment option within a month of announcement. Elon Musk, the CEO of the company cited Bitcoin’s rising environmental concern as the key reason behind scraping BTC payment for Tesla cars. However, many pointed that Musk’s claims on Bitcoin don’t add up

Tesla’s Bitcoin enthusiasm was short-lived as the leading electric car manufacturer suspended the Bitcoin payment option within a month of announcement. Elon Musk, the CEO of the company cited Bitcoin’s rising environmental concern as the key reason behind scraping BTC payment for Tesla cars. However, many pointed that Musk’s claims on Bitcoin don’t add up

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News

Just-In: China Expands Digital Yuan Trials to 10 Million ‘Whitelist’ Users

China is currently aggressively testing its CBDC called digital yuan across multiple provinces in the country. It is all set to expand the trials to over 10 million new eligible users in the coming days as per the Chinese Central Bank deputy governor. Fan Yifei, the deputy governor during his recent address said that people willing

China is currently aggressively testing its CBDC called digital yuan across multiple provinces in the country. It is all set to expand the trials to over 10 million new eligible users in the coming days as per the Chinese Central Bank deputy governor. Fan Yifei, the deputy governor during his recent address said that people willing

Bitcoin News
Bitcoin News

Chinese crypto crackdown may extend to Stablecoin after butchering Bitcoin

Fan Yifei, Deputy Governor of the People’s Bank of China mentioned the speculative nature of both Bitcoin (BTC) 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

Fan Yifei, Deputy Governor of the People’s Bank of China mentioned the speculative nature of both Bitcoin (BTC) 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

china police
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china police
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What Happens If You Try to Acess Crypto Exchanges in China Post Crypto Ban?

China’s crypto crackdown is only getting stronger with each passing day. It started with a warning for citizens to avoid crypto transactions that forced many exchanges to stop offering their services to Chinese origin customers. This was followed by a countrywide crypto ban on mining forcing several large Bitcoin mining farms to shut their operations

China’s crypto crackdown is only getting stronger with each passing day. It started with a warning for citizens to avoid crypto transactions that forced many exchanges to stop offering their services to Chinese origin customers. This was followed by a countrywide crypto ban on mining forcing several large Bitcoin mining farms to shut their operations

CHINA bitcoin
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CHINA bitcoin
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Just-In: China Central Bank Shuts Software Company For Suspected Crypto Trading

The Chinese central bank has reportedly shut down a software company based out of Beijing on suspicion of involvement in crypto trading activities. The firm was reportedly focused on the entertainment industry and had a token called Mao Li Coin. The firm Beijing Qudao Cultural Development Co Ltd was ordered to seize all operations and

The Chinese central bank has reportedly shut down a software company based out of Beijing on suspicion of involvement in crypto trading activities. The firm was reportedly focused on the entertainment industry and had a token called Mao Li Coin. The firm Beijing Qudao Cultural Development Co Ltd was ordered to seize all operations and

Altcoin News
Altcoin News

Overnight Crypto Update: German Law Allows For $415B Crypto Inflow| Huobi Impose OTC Restrictions| BTC & ETH Miner Revenue Decline| El Salvador’s IMF Funding Request on Shaky Grounds

The crypto universe has its fair share of bullish and bearish news today right from Germany’s new law that would allow institutions to allocate 20% of their funds in crypto to the continuous miner revenue decline. El Salvador was back into the discussion again while all eyes are set on India’s upcoming monsoon session. Let’s

The crypto universe has its fair share of bullish and bearish news today right from Germany’s new law that would allow institutions to allocate 20% of their funds in crypto to the continuous miner revenue decline. El Salvador was back into the discussion again while all eyes are set on India’s upcoming monsoon session. Let’s

BTC on ETH
Altcoin News
BTC on ETH
Altcoin News

Bitcoin(BTC) and Ether(ETH) Miners See Their Revenue Drop to Nearly Half Since May

The mining revenue for Bitcoin and Ether miners has registered a significant dip over the past month falling by nearly 50%. Bitcoin miners made $839 million in June seeing a decline of 42% in revenue compared to May while Ether miners made $1.11 billion with a revenue decline of 52% from the past month. The

The mining revenue for Bitcoin and Ether miners has registered a significant dip over the past month falling by nearly 50%. Bitcoin miners made $839 million in June seeing a decline of 42% in revenue compared to May while Ether miners made $1.11 billion with a revenue decline of 52% from the past month. The

Huobi Returns To The U.S. After Receiving Nevada Trust License
Bitcoin News
Huobi Returns To The U.S. After Receiving Nevada Trust License
Bitcoin News

China’s Largest Crypto Exchange Imposes Strict OTC Withdrawal Limit

China’s largest crypto exchange Huobi global has updated its crypto OTC withdrawal limits to restrict money laundering efforts from Chinese traders. The exchange has imposed a “T+1” time limit for crypto withdrawals which would only allow traders to cash out after 24-hours of making crypto purchases and in some cases up to 36 hours. The

China’s largest crypto exchange Huobi global has updated its crypto OTC withdrawal limits to restrict money laundering efforts from Chinese traders. The exchange has imposed a “T+1” time limit for crypto withdrawals which would only allow traders to cash out after 24-hours of making crypto purchases and in some cases up to 36 hours. The

Altcoin News
Altcoin News

Week In Crypto: El Salvador BTC Airdrop| China’s Crackdown Impact| New $2.2B Crypto Fund

This week in crypto we have seen major Bitcoin developments in El Salvador and Paraguay along with the visible impact of China’s crypto crackdown on various mining companies and the Bitcoin network hash rate. While the price is still consolidating under $40K institutions are still betting big on the crypto ecosystem, with one of the

This week in crypto we have seen major Bitcoin developments in El Salvador and Paraguay along with the visible impact of China’s crypto crackdown on various mining companies and the Bitcoin network hash rate. While the price is still consolidating under $40K institutions are still betting big on the crypto ecosystem, with one of the

Bitcoin News
Bitcoin News

Is There A Silver Lining to China’s Ban on Crypto?

China banned bitcoin and crypto again this year with several weeks of state-driven crackdown on trading and mining operations in the country. However, this is not the first time when the world’s most populated state has done so, earlier in 2013 and 2017 also China imposed a similar ban on cryptocurrencies. The recent sell-off is

China banned bitcoin and crypto again this year with several weeks of state-driven crackdown on trading and mining operations in the country. However, this is not the first time when the world’s most populated state has done so, earlier in 2013 and 2017 also China imposed a similar ban on cryptocurrencies. The recent sell-off is

News
News

Shanghai to Airdrop Millions in Digital Yuan

The Chinese city of Shanghai would airdrop 19.25 million digital yuan equivalent to USD 3 million via a lottery system as per the Information Office of Shanghai Municipality. The Chinese CBDC is currently being tested across the country at various levels after its development was completed in 2019.  A total of 350,000 digital red envelopes,

The Chinese city of Shanghai would airdrop 19.25 million digital yuan equivalent to USD 3 million via a lottery system as per the Information Office of Shanghai Municipality. The Chinese CBDC is currently being tested across the country at various levels after its development was completed in 2019.  A total of 350,000 digital red envelopes,

News
News

Breaking: China’s Twitter ‘Weibo’ Bans Large Number of Crypto Accounts

The Chinese crackdown on cryptocurrencies has reached the popular social media platform Weibo, the Chinese equivalent of Twitter. Many accounts associated with crypto promotions have been banned by the platform in light of the latest call for a crypto crackdown from the central government. The large blocking of crypto accounts on Weibo is believed to

The Chinese crackdown on cryptocurrencies has reached the popular social media platform Weibo, the Chinese equivalent of Twitter. Many accounts associated with crypto promotions have been banned by the platform in light of the latest call for a crypto crackdown from the central government. The large blocking of crypto accounts on Weibo is believed to

Bitcoin-mining-selling
Bitcoin News
Bitcoin-mining-selling
Bitcoin News

Bitcoin Mining Booms in Argentina in the Wake of Growing Hyperinflation

Argentina is increasingly becoming the choice of Bitcoin miners because of the availability of cheap subsidized commercial electricity and controlled foreign exchange limit which help miners to make significant profits on Bitcoin mining. At a time when hyperinflation has forced citizens to look for a better alternative and a limit of $200 for currency conversion,

Argentina is increasingly becoming the choice of Bitcoin miners because of the availability of cheap subsidized commercial electricity and controlled foreign exchange limit which help miners to make significant profits on Bitcoin mining. At a time when hyperinflation has forced citizens to look for a better alternative and a limit of $200 for currency conversion,

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

Miners From Inner Mongolia and Sichuan Selling Their Mining Machines Amid Growing Crackdown

China’s largest online second-hand market place Xianyu has registered a surge in Bitcoin mining machine listing over the past few days especially from Inner Mongolia and Sichuan regions, the two most prolific Bitcoin mining hubs. The significant increase in the sale of second-hand Bitcoin mining machines comes amid growing crackdowns on mining operations in China.

China’s largest online second-hand market place Xianyu has registered a surge in Bitcoin mining machine listing over the past few days especially from Inner Mongolia and Sichuan regions, the two most prolific Bitcoin mining hubs. The significant increase in the sale of second-hand Bitcoin mining machines comes amid growing crackdowns on mining operations in China.

PBOC
Bitcoin News
PBOC
Bitcoin News

Inner Mongolia Becomes First Chinese Province to Issue Enforcement Against Bitcoin Mining

The Inner Mongolian province of China has become the first in the country to introduce enforcement measures against heavy Bitcoin mining in the region after the central government called for a crackdown on Bitcoin mining in the country last week. While the Chinese government’s crackdown on crypto trading and mining is nothing new, the industry

The Inner Mongolian province of China has become the first in the country to introduce enforcement measures against heavy Bitcoin mining in the region after the central government called for a crackdown on Bitcoin mining in the country last week. While the Chinese government’s crackdown on crypto trading and mining is nothing new, the industry

Bybit
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Bybit
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Just-In: Bybit to Close All Chinese Mobile Phone Accounts by June 15

Bybit, a popular crypto derivatives exchange that originated from China has announced it would be terminating all accounts registered with a Chinese phone number by June 15. The platform has already banned Chinese IP address last year and the decision to remove all accounts associated with a Chinese phone number seems to be in light

Bybit, a popular crypto derivatives exchange that originated from China has announced it would be terminating all accounts registered with a Chinese phone number by June 15. The platform has already banned Chinese IP address last year and the decision to remove all accounts associated with a Chinese phone number seems to be in light

China Bitcoin
Bitcoin News
China Bitcoin
Bitcoin News

Is Bitcoin Becoming the Victim of China’s Carbon Neutrality Pledge? What’s Next

China is the epic center of Bitcoin mining despite the government’s ban on Bitcoin and crypto trading in the country. Chinese mining pools currently contribute more than 60% of the Bitcoin network’s hash power, but that could change for good as the central government is increasing crackdown on Chinese provinces known for housing some of

China is the epic center of Bitcoin mining despite the government’s ban on Bitcoin and crypto trading in the country. Chinese mining pools currently contribute more than 60% of the Bitcoin network’s hash power, but that could change for good as the central government is increasing crackdown on Chinese provinces known for housing some of