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...
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...
Chinese video platform Bilibili has become the latest giant company to implement Non-fungible Token (NFT) technology in China. The company joins Alibaba Group Holding and Tencent Holdings as the leaders in the NFT space in China. However, mindful of the regulations in China, thes...
Top cryptocurrency exchanges have reiterated their exit plans from China by the end of 2021. For most of them, December 31st, 2021 will mark the end of services for customers from China. This move became necessary after the rigorous approach taken by the Chinese authorities towards ensuring a...
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...
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...
Escalated efforts in 2021 towards the clampdown on cryptocurrencies are returning impressive results for the Chinese government. Some key milestones have been achieved with results that are evident based on results from the country. One of the latest achievements towards the elimination of cr...
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...
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...
China’s biggest cryptocurrency exchange, Huobi Global has chosen Singapore as the base for the regional headquarters of its cryptocurrency exchange. This comes across as one of the major fallouts of the continuing clampdown of Bitcoin and other cryptocurrency activities in China. Until its ...
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