A popular Ethereum community leader in China by the name of Ajian has abandoned the community over the implementation of the EIP-1559 protocol, famously known as the Ethereum Merge. This implementation implies that the Ethereum network has completely left the original Proof-of-Work (Po...
The prices of Graphic Processing Units (GPUs) have fallen to their lowest ebb ever in China over the past few months. The reason for this is not far-fetched, as one of the major industries where they were deployed has embarked on a fundamental change of course that renders them redundant. H...
Meitu, a Chinese AI-driven tech company primarily focused on smartphone and selfie app manufacturing has declared a $43 million impairment loss on its cryptocurrency holdings. According to reports, this impairment loss has more than doubled over the last quarter. Meitu’s loss is a reflection ...
Beijing has published an action plan that seeks to promote the development of metaverse-related industries in the sub-center of the city over the 2022-2024 period. Strictly in line with the market leadership and guidance of the Xi Jingpin government's guiding ideology, the plan shows Beijing w...
It has been a rollercoaster year for the NFT ecosystem so far. Since the beginning of the current bear market for cryptocurrency and other digital assets, the traction surrounding NFTs has also faded. Overall interest in NFTs in the last 30 days has dropped by about 25%, perhaps as a res...
China’s incursion into Metaverse development continues to pick up steam as the days go by. Considering the novelty of this industry, one of the key areas that form the foundation for Metaverse development is education. To this effect, some top Chinese technological companies, including Tence...
Financial figures recently released in China by the country’s National Bureau of Statistics (NBS) reflected some significant figures that would have an extended impact on different aspects of the financial industry. One of the flagship data that was released was the Consumer Price Index...
The Metaverse is a growing phenomenon with many new entrants adopting the technology as the days go by. Creating metaverse projects cuts across different categories of developers, especially since the exponential growth in the awareness of virtual reality that was encouraged by the Covid-19 pand...
For the second time in the past two months, the issuer of the world’s most used stablecoin has denied the claims that it holds Chinese commercial paper. Tether notes in a July 27 blog post that it published in its bid to tackle what it considers to be false information plaguing the cryptocurren...
The crackdown on Bitcoin mining and other cryptocurrency activities in China has left a significant mark on the entire blockchain and cryptocurrency industry. China used to be the global Bitcoin mining hub, with over 65% of the global hashrate emanating from within the country. Things have cha...
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