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Category Archives: News

SOS Cleared to Mix Crypto Mining With Exchange 

May 12, 2021

Olusegun Ogundeji

The Chinese holding company that once provides marketing data, technology and solutions but later started crypto mining is now about to run its own crypto exchange.  SOS Limited, formerly known as China Rapid Finance Limited, says its US and Canadian subsidiaries have obtained money s...

AliPay Launches Digital Yuan Model For Select Users

May 12, 2021

According to the latest report from Caixin, there has been a slew of new developments regarding China’s upcoming digital yuan. At the core of these new developments is AliPay, the payments arm of China’s commerce giant Alibaba. Namely, sources within China have found that AliPay has la...

Bitmain Hires TSMC to Produce ASICs Using Its N5 Technology

May 10, 2021

The huge price increase most cryptocurrencies have experienced since the beginning of the year has made cryptocurrency mining one of the most profitable industries today. As the prices of Bitcoin and Ethereum reached their all time highs, miners began turning insane profits that haven’t been se...

China’s Bitcoin Mining Dominance is Dropping

May 7, 2021

China is gradually losing its grip as the dominant hashrate custodian for Bitcoin as new miners have started setting up rigs in other parts of the world. Some of the originally resident miners in China are also relocating.   Right from the early days, most of the network effect that sustai...

Fingerprint ID Coming to New DC/EP Card

May 7, 2021

Olusegun Ogundeji

Fingerprint authentication technologies are coming to a new card-based digital wallet solution for the Digital Currency/Electronic Payment (DC/EP) according to an expanded collaboration between China's Chutian Dragon and IDEX Biometrics announced on Wednesday May 5. Chutian ...