While the Chinese government continues to battle against cryptocurrencies, discoveries are being made of how citizens of the country use the technology to achieve their personal goals. One of such uses is in capital flight, which has seen Chinese investors use cryptocurrencies to send money abro...
The government of China has continued with the enforcement of the ban on cryptocurrencies. The enforcement has been diligent, leaving no stones unturned. Any venture that is crypto-related discovered by the government to operate within the borders of China immediately faces the wrath of the law...
1. Vitalik Buterin: L2 is the future of Ethereum scaling On October 26, Ethereum founder Vitalik Buterin stated at the blockchain summit held by Wanxiang blockchain that Layer 2 is the future of Ethereum scaling, in which EVM-compatible Rollup can provide scalability while maintai...
1. Jack Ma's Blue Pool Capital bets on NFT Last week, blockchain game and NFT developer Animoca Brands announced that it has received a new financing of US$50 million. With the completion of this financing, the company's total financing has reached US$139 million, and its pre-i...
1. Huobi banned Chinese users from contract trading On June 26, Huobi updated the terms of the user agreement, and has now banned the use of contract trading services in China and other regions. 2. Scholar of Beijing Foreign Studies University: Bitcoin, as a bookkeeping vehicle tha...
1. The People's Bank of China (PBoC) talked to Chinese banks and payment institutions on the issue of providing services for virtual currency transactions by banks and payment institutions Industrial and Commercial Bank of China, Agricultural Bank of China, Construction Bank, Po...
Recent Bitcoin predicaments have been compounded by the series of bans being carried out in China. Significant among these bans is the abolishment of mining activities within the country. The order to shut down Bitcoin mines has had a direct effect on the Bitcoin and cryptocurrency market, le...
1. In Sichuan, the power of Bitcoin plunged by 20% after a power cut was imposed on hydropower parks As of the morning of May 17, bitcoin mining pool's 24-hour computing power suddenly plunged 20%. Mainly because of shortage of power supply and carbon neutrality policy. A screenshot of ...
Following a recent statement by the deputy governor of the Peoples’ Bank of China (PBoC), Li Bo, that they will henceforth see cryptocurrencies as investment alternatives, China seems to now have a change of tone towards cryptocurrencies which could boost locals' crypto participation agai...
1. Ebang officially launched a digital assets exchange On April 5, mining machine manufacturer Ebon International announced that its cryptocurrency exchange, EBONEX, was officially launched, allowing QFIs to register and trade. According to EBONEX's website, the exchange alre...
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