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Tag Archives: China

Chinese State-Owned Bank Tests Digital Yuan ATMs In Shenzhen

Jan 13, 2021

The Agricultural Bank of China has rolled out “digital yuan-enabled” Automatic Teller Machines (ATMs) in some of its branches across the city of Shenzhen. This move is part of the innovations that have been added to the ongoing test of China’s digital yuan project in Shenzhen. T...

Chinese KOLs Still Bullish after Market Collapsed

Jan 12, 2021

Vincent He

Bitcoin, whose price rose from $20000 to $40000 in 23 days, ushered in a wave of price withdrawal. On January 11, BTC's opening price fell from $39674 to $32500, a short-term price dump of 18%. The whole crypto asset market fell at the same time, and the price of mainstream assets such as ...

Bitcoin Mining Difficulty Hits Record High Amid Price Rally

Jan 12, 2021

lylian Teng

Along with bitcoin breaking new all-time highs, its mining difficulty also hits a record high. Saturday’s adjustment at block 665,280 marks the biggest increase in nearly 4 months, a 10.79% increase from the December 28 adjustment, putting the metric above 20 trillion for the first time ever....

China Economic Daily Pours Cold Water on Bitcoin as Rally Extends

Jan 8, 2021

lylian Teng

First it went through $20,000, 10 days later, it broke through $25,000, and then it broke $30,000, and now in just the first week of 2021, another major milestone has been reached as bitcoin price surpasses $40,000. With bitcoin’s meteoric rise in price and showing no signs of abating, it is c...

Are Chinese Bitcoin Miners Being Marginalized?

Jan 8, 2021

Vincent He

Without halving, fork, frequent updates of bitcoin's underlying network, when will bitcoin miners have the opportunity to stand on the stage of history? There is a feeling that the mining industry is about to be marginalized, at least away from the center of the industry. Bitcoin is becomin...