Following China’s crypto mining crackdown of the past few weeks, Bitcoin on-chain activity has fallen dramatically this week to return to levels not seen in a year, latest analysis from GlassNode shows. The analytics firm adds that the fall is making a simultaneous seismic shift possible in ...
In the face of the clampdown on cryptocurrency mining and other crypto-related activities in China, affected companies are moving out of the region. As a result of this, BIT Mining Limited, one of the leading mining companies in China that are listed on the New York Stock Exchange (NY...
There is a global shortage of computer chips, and this is posing a problem for many Chinese Bitcoin miners and miners of other cryptocurrencies as well. This is happening at a time when there is a significant increase in the price of Bitcoin, particularly as a result of increased participation ...
1. The number of blockchain patent applications in China in 2020 was 8,623, basically the same as in 2019 According to statistics from Soopat, a third-party patent search website, the number of blockchain patent applications in China in 2020 was 8,623, roughly the same as the 8,614 in 2019. ...
In an article that was recently published on the Chinese state media Xinhuanet, citizens of the country and other inhabitants have been discouraged from taking part in cryptocurrency activities. Emphasis on this advice was pegged on the current surge that Bitcoin price is experiencing, since it...
The top stories from the Chinese cryptocurrency sphere this past week include: China’s city of Suzhou reportedly set to roll out “red packets” trial for digital yuan, court documents show over $4.2bn seized in PlusToken crackdown.…… Chinese city Suzhou to roll CBDC testing S...
The clampdown on cryptocurrency related businesses in China has continued for a couple of years already. The recent reports of cryptocurrency miners having their cards frozen, and the OKEx crackdown are just two of similar incidents that have become common within the borders of China. As ...
The idea of Central Bank Digital Currencies (CBDCs) has split the blockchain and digital assets industry into two distinct sections. While one group believes that this idea might encourage adoption of the novel technology into the mainstream, the other suspects that it is simply a method o...
The summer of 2020 witnessed the mania of Decentralized Finance (DeFi) which swept the crypto world with its market value once exceeding US$1 bn and hundreds of billions of digital assets involved in the financial services provided by DeFi products. As the market gradually cools down, you ...
The top stories from the Chinese cryptocurrency sphere this past week include: China Construction Bank to sell $3bn of debt on blockchain, China to set up a new CBDC test zone in Beijing, China’ RCEP deal may be a testbed for blockchain’s maturity in International trade.…… C...
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