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PBoC: Digital yuan trial expands to 11 more cities
The digital yuan continues its expansion in China, adding 11 more cities and regions, totaling 23 cities, to the list of pilot test areas. Most notably, trials will begin in Guangzhou where the Asian Games will be held later this year.
China’s strict crypto policy continues as WeChat bans NFT accounts
Chinese official had previously stated that the NFT space was dominated by hype and urged government to regulate the space.
Russia sanctions could push other countries to develop their CBDCs
Yamaoka expressed his belief that China could create a currency bloc with the rise of its digital Yuan.
Chinese officials take down crypto mine worth $790k
The Guangdong Province have been working fiercely towards rectifying virtual currency mining, and today they have raided a massive mining hub.
Chinese government increases focus on “metaverse,” eyes regulations
The Chinese authorities are becoming increasingly interested in the growth of the metaverse space within their country.
China still accounts for 10% of Bitcoin transactions
China’s government, since 2013, has adopted an hostile stance towards crypto-related activities.
China outlaws crypto fundraising, offenders could face jail sentences
China has criminalized raising funds using crypto–the country’s top court said in a new interpretation of national law.
Tether latest reserve attestation shows slash in commercial paper
Tether’s treasury bills and money market allocation increased significantly by 77.6% and 200%, respectively.
Chinese NFT project Bored Wukong accused of monkey business
Bored Wukong, a Chinese NFT project that looks awfully reminiscent of mega-popular Bored Apes, called out for plagiarism.
Bitcoin mining difficulty increased today, hitting a new ATH
As a programmatic consequence of the Bitcoin network hitting a new all-time-high in total hash rate in the beginning of this year, the Bitcoin mining difficulty was adjusted to a new all-time-high today.
Op-Ed: The fallacies of the Bitcoin energy debate
An increasingly common critique of crypto is the notion that Bitcoin mining accelerates climate change. This claim is inaccurate.
China preps infrastructure for state-backed NFTs
China’s state-backed network won’t be compatible with external NFTs.
Why China’s crackdown on mining is actually good for Bitcoin
The ban on Proof-of-Work mining in China helped turn Bitcoin into a more resilient network.
China enters 2022 with a first-mover advantage on the CBDC front
China’s central bank is rushing to finalize the country’s CBDC plans and releases trial versions of digital yuan wallet applications on mobile phone app stores.
Despite ban, China’s Bitcoin miners keep operating
Available report now shows that Bitcoin miners are still operating in China despite the crackdown.
Chinese citizens are showing more interest in Web 3.0
Despite the Chinese government’s best effort to curtail interest in the crypto industry, new data has shown that interest of its citizens in the space continue to spike.
Billionaire investor signals disdain for Bitcoin while admitting admiration for China’s ban
“I wish they’d never been invented,” — Berkshire Hathaway’s Charlie Munger is once again letting the world know his staunch opinion of cryptocurrencies.
Bitcoin (BTC) hashrate recovers from China’s crackdown
Bitcoin mining industry has almost totally recovered from China’s ban has the space has recorded tremendous growth in the last 5 months.