Bitcoin Hashrate Bounces Back
Bitcoin hash rate bounces back. Bitcoin miners have increased in both number and hashpower, as the network has seen a 15-20 exahash per second (EH/s) increase. On May 22, there were 17 mining pools hashing aw...
Tencent to Invest $70 Billion in New Technologies Including Blockchain
Tencent, the creator of messaging service WeChat, is investing 500 billion yuan ($70 billion) into “new infrastructure” based on emerging technologies over the next five years, according to market sources.
T...
PBoC Governor Says No Timeline Set for Digital Yuan Launch
The People’s Bank of China (PBoC) has officially clarified that there is “no timetable” is set for the launch of digital yuan.
In an interview with the Financial Times and China Finance, PBoC governor Yi Gan...
PBoC Governor Says No Timeline Set for Digital Yuan Launch
The People’s Bank of China (PBoC) has officially clarified that there is “no timetable” is set for the launch of digital yuan.
In an interview with the Financial Times and China Finance, PBoC governor Yi Gan...
China Orders Closure Of Second-Largest Crypto Mining Region
China orders closure of second-largest mining region. Regulators in Sichuan have issued a notice to all crypto-businesses in the region, calling for a swift end to mining activity and any related activities.
...
DCEP Likely To Be Integrated With AliPay And WeChat Pay
DCEP is likely to be integrated with AliPay and WeChat Pay. Beijing is not looking to replace Alipay and WeChat Pay with the DCEP. Rather, Alipay and WeChat Pay will likely be integrated with the DCEP, cement...
Chinese Congress Reviews National Blockchain Fund Bill
Jieqing Tan, a deputy to the National People’s Congress (NPC) of China, has proposed the creation of a specialized blockchain development fund to the NPC, according to a new report from Beijing News. The NPC ...
Chinese Govt Advisors Propose Stablecoin for Cross-Border Payment
A group of top Chinese government advisors has submitted a proposal for a regional digital currency backed by four fiats – Chinese yuan, Hong Kong dollar, Japanese yen, and Korean won.
The proposal was made ...
Local Chinese Authority Seeks to Curb Bitcoin Mining
Chinese local government of Sichuan province has turned hostile towards the booming Bitcoin mining operations and issued a notice proposing a ban on the sector.
The notice has been issued by the financial ad...
Chinese Court Rules Bitcoin An Asset Protected By Law
Chinese court rules bitcoin as an asset protected by the law. Shanghai No.1 Intermediate People’s Court has allegedly ruled that bitcoin is an asset protected by the Chinese law in a case that had been ongoin...
