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Tag Archives: China

Chinese University Marks Anniversary by Launching on Metaverse

Jan 19, 2022

The Communication University of China announced recently that one of the landmark events of its last anniversary celebration was the representation of its physical campus on the Metaverse. The anniversary was hosted across both worlds, the physical world, and the virtual world, giving particip...

China Embarks on State-backed Blockchain Infrastructure for NFTs

Jan 14, 2022

The government of China is on track to rolling out a native blockchain infrastructure that will support the development of Non-Fungible Tokens (NFTs). According to reports, the project which is championed by the state-backed Blockchain Services Network (BSN) plans to achieve this goal...

How Secret Bitcoin Miners Elude The Government in China

Dec 21, 2021

Contrary to earlier reports that cryptocurrency mining has been eliminated from China, recent data shows that up to 20% of the global Bitcoin hashrate is still resident in the country. Even though this is a significantly lower value than the number before the implementation of the 2021 cryptocur...

China Cautions Citizens Over Blockchain-based Play-to-Earn Games

Dec 21, 2021

Chinese citizens have been warned to be wary of blockchain-based play-to-earn games, in what many assume to be a part of the onslaught on anything cryptocurrency within the borders of the country. This warning was communicated via the state-owned television channel, China Central Television (C...

Bitcoin Hash Rate Nears Full Recovery From Chinese Clampdown Impact

Dec 9, 2021

Six months after falling to significantly low levels, the global hash rate of the Bitcoin network has made a full recovery. Following a clampdown on the industry by China, Bitcoin mining companies were forced to shut down operations. This resulted in a collapse of the network’s hash rate, whi...

China Targets Crypto Miners With Electricity Price Hike

Dec 6, 2021

The Chinese province of Hainan has increased the price of electricity to $0.13, equivalent to 0.8 yuan per kilowatt-hour for cryptocurrency mining operations within its region. This is an extension of actions previously taken by the Chinese central government in this direction.  It is reca...