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...
Many experts believe that institutional investment is and will be the biggest driving force for the crypto market. However, the latest company to follow in the footsteps of industry giants such as Tesla, MicroStrategy, and Square doesn’t come from the U.S., but rather from China. Meitu...
Shares of Chinese lottery company 500.com Limited jumped as much as 75% in trading on Tuesday to settle at a 38.9% gain towards the end of day after it announced its acquisition of a major mining pool with links to Jihan Wu’s Bitfawn. The company, which recently disclosed its plans to go...
The Chinese New Year comes up on February 12 2021, just a few days from the time of writing. Based on historic trends, participants in the Bitcoin and cryptocurrency market expected prices to drop. This has been the usual behaviour of the market around this time of the year. This time aroun...
The characteristic swings usually displayed by Bitcoin price is what has earned it the reputation of a very volatile asset. While a lot of people assume that high volatility of Bitcoin price makes it risky for investment, others see the price swings as opportunities to make money. Several fa...
As of January 12, 2021, almost half (42%) of the market cap of the top 20 token projects with headquarters is based in Asia, particularly China, new figures from crypto analytics firm Messari have shown. They include Tether, Cardano, BNB, EOS and Tron with a combined total value of $...
China has seen unregulated capital flight via cryptocurrency surge to $17.5 billion, a 51% increase from 2019’s $11.4 billion, according to a recent report. On January 11, China-based blockchain security firm Peckshield published its “2020 Digital Asset Anti-Money Laundry (AML) Re...
They still rank as the second and third largest cryptocurrency exchanges in the world but OKEx and Huobi have seen better years than 2020 going by data from CoinGecko 2020 Yearly Cryptocurrency Report. The cryptocurrency aggregator presents data showing OKEx saw its dominance fall ...
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