The massive effort to promote blockchain technology in China is only dwarfed by the state-wide effort to suppress the use of cryptocurrencies. Trading Bitcoin and other digital assets have long been banned in mainland China, with both state and local governments frequently dismissing the use an...
Just two weeks after passing $20,000, bitcoin hit the $30,000 milestone on the second day of 2021. Witnessing the great bull, traditional companies are eyeing bitcoin, but it turned out to be unrealistic in China under the current regulatory pressure. Automaker to accept bitcoin? On Dec....
The last 12 months have seen tremendous changes take place in the cryptocurrency sphere. And in this year, China seems to show some tolerance to the crypto industry with compliant bitcoin mining operations being supported by some local governments in the country. This year, the Chinese gover...
GAC NIO, a joint venture between famous Chinese automobile manufacturer GAC Group and the “Tesla of China” NIO Inc., officially announced on Weibo that it would accept bitcoin as means of payment for car purchases, making it the first auto company in China to support bitcoin. ...
Bitcoin mining is gradually shifting base. From being concentrated in China, miners have started a gradual but steady migration to countries that present more friendly conditions for their industry. The two major factors that have determined the situation of Bitcoin mining farms over the yea...
Several new records have reportedly been smashed in the crypto space in the wake of the recent exponential rise in the price of top cryptocurrency, Bitcoin. Aside from Bitcoin price breaking its all time high records - in the past month, data from analytics firm Glassnode show that Bitcoin ...
Bitcoin skyrocketing to all-time new high at $28000 today, which is only two weeks since it hit a record high of $20000. Today, its market value has reached $500 billion which has almost ranked among the top 10 in the global stock market. Since January 1, 2020, the amount of bitcoin that has ...
Bitcoin has surged past the $28,000 level to set a new all-time record high in the past weekend, though it didn't last long. As the market keeps heating up and holiday’s coming, the entire cryptocurrency sphere has been bustling with excitement. Demand for bitcoin miners grows As bitcoin ...
The crypto market crashes after Ripple was investigated by the Securities and Exchange Commission (SEC) and has continued to the present. Though the price of bitcoin has hardly fallen, but the price of Sushi has suffered a sharp fall in five minutes, XRP has dumped by 40% since yesterda...
Recently, due to the shortage of electricity supply, China’s Sichuan province has cut off electricity supply to local crypto miners. Other provinces in South China also implement emergency power rationing measures. The price of coal which is the raw material for thermal power plants, has ...
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