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Despite China’s reluctance to regulate cryptocurrencies in the country, many anecdotes suggest higher officials both understand and acknowledge the potential of a digital currency-based economy.
Bitmain’s launched its new T19 mining rig yesterday, featuring improved software and efficiency.
China’s leaving no stones unturned in its well-publicized quest to become the world’s leader in blockchain development and services.
The world’s equity, fuel, and bonds markets have entered into uncertain and volatile periods — driven on the back of unstable trade wars, changing fundamentals, and the ongoing coronavirus pandemic.
China’s secretive stance on digital currencies is starting to reveal traces of long-term aspirations.
Three major powers are betting on the long-term potential of cryptocurrencies, digital currencies, and blockchain.
China’s aggressively pushing for blockchain development and digital currencies, with local sources stating the ongoing coronavirus pandemic may lead to an early release of the country’s ambitious digital currency project.
Last year, Bitcoin embarked on a strong rally from the low-$3,000s to a high just shy of $14,000.
China’s leaving no stones unturned in its apparent motive to become a global blockchain leader.
It’s a step forward and a leap backward for China’s mining industry.
While many don’t know it now, there was a time when China was a hub for all things Bitcoin.
A new Chinese startup focused on Bitcoin mining broke into the top-ten hash power providers last week, a local industry observer tweeted on May 13.
China’s digital currency, the DCEP, is currently in the advanced testing phase, with leaked images showing that the China Construction Bank already runs the alpha version of its DCEP app.
Bitcoin mining operations in China will receive a boost as a local government is encouraging these industry players to help consume the city’s excessive hydropower.
China-based Ebang Holdings has filed a $100 million IPO prospectus with the United States Securities and Exchange Commission (SEC), becoming the third Bitcoin mining equipment maker after Bitmain and Canaan to attempt a public offering.
China’s long-touted digital currency will soon start trials at three United States restaurant chains in Beijing, the SCMP reported on April 23, 2020.
Underneath the noses of the Western crypto world, PlusToken — a “wallet” promising to provide its users with high ‘investment’ returns on their deposits of Bitcoin, Ethereum, and other cryptocurrencies — managed to garner billions of dollars of digital assets throughout 2019.
Over the past few days, there’s been a strong increase in discussion about China’s national crypto project.